Reached My $20,000 Credit Limit Goal!!

[Anonymous]

Congrats!

Here I thought you would give wmarat and txjohn a run for the money (or credit!)  Maybe next year.

[Karatz]

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@DI wrote:

  Discover        $2,500

  Sears            $3,600

  AMEX            $2,000

  Kroger 123        $4,000

  Citi                   $4,000

Capital One            $750

Target 00 $500

State Farm          $3,000

Total $20,350

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I was in your same shoes a couple years ago. 10k on one card wasmy new goal. Now I have 3 of em. You have an interesting mix too.

[DI]

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@Karatz wrote:

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@DI wrote:

  Discover        $2,500

  Sears            $3,600

  AMEX            $2,000

  Kroger 123        $4,000

  Citi                   $4,000

Capital One            $750

Target 00 $500

State Farm          $3,000

Total $20,350

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I was in your same shoes a couple years ago. 10k on one card wasmy new goal. Now I have 3 of em. You have an interesting mix too.

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Yes, I like the mixture of credit I have.  I'm now waiting to see if PenFed and Nordstrom will give me credit card.

[DI]

Now at $21,100.  Add GM to the mix.  I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries.  They haven't pulled my EQ report yet.  I want to call and cancel the application.  Should I?

Message Edited by DI on 09-13-2009 06:13 PM

[Jazzzy]

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@DI wrote:
Now at $21,100.  Add GM to the mix.  I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries.  They haven't pulled my EQ report yet.  I want to call and cancel the application.  Should I?

Message Edited by DI on 09-13-2009 06:13 PM

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I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.

ETA: If they haven't pulled an inq yet...that is, of course, another reason to withdraw the app.

Message Edited by LynetteM on 09-13-2009 04:56 PM

[DI]

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@LynetteM wrote:

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@DI wrote:
Now at $21,100.  Add GM to the mix.  I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries.  They haven't pulled my EQ report yet.  I want to call and cancel the application.  Should I?

Message Edited by DI on 09-13-2009 06:13 PM

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I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.

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If won't bother me if they decline.  As long as I know I don't have a Repo,  CO's or lates on my credit reports its ok.  Other reasons such as too many inquiries and recent accounts will quickly recover. 

[Jazzzy]

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@DI wrote:

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@LynetteM wrote:

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@DI wrote:
Now at $21,100.  Add GM to the mix.  I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries.  They haven't pulled my EQ report yet.  I want to call and cancel the application.  Should I?

Message Edited by DI on 09-13-2009 06:13 PM

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I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.

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If won't bother me if they decline.  As long as I know I don't have a Repo,  CO's or lates on my credit reports its ok.  Other reasons such as too many inquiries and recent accounts will quickly recover. 

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Too funny...while you were responding, I was editing my post to add that you may want to withdraw to avoid the inq. If that doesn't bother you...you may want to go for it.

[Anonymous]

I would leave it go. At this point what is one more INQ?

[DI]

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@Anonymous wrote:
I would leave it go. At this point what is one more INQ?

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I'm going to let it go through.  That will give me 7 inquiries on my EQ.  In about 6 months, I may get lucky and get one inquiry deleted.  I got 10 inquires deleted back in April or May and left me with 0 inquries.   

[Itsmeagain]

DI, Keep a close eye on your Discover closing date and due date.  They are known to change the due date without notice.  I'm not sure why they do this but it caused me to show a balance one month, when I (like you), always PIF before the statement drops.