Should I app again?

[travisp33]

I seem to be underestimating the risks here. What are they? Pulls? Im off to the garden anyway.

[youngandcreditwrthy]

Haha! I'm here!
Amex is a recon even I wouldn't attempt as it wouldn't likely be fruitful.
Maybe wait 3-6 months and try again. It took me FIVE YEARS to FINALLY get BCE, then Amex flooded me with credit! I'm more satisfied with Amex than just about any creditor, ever.
They will hp you to death like Chitibank though for recon is what the word on the street is. Hahaha!
If you do want another card though, try Chase Freedom or Slate. Chase is great with Recons! But I'd do it before any big balances post to your CRs.
Maybe let that big $25k limit report with $0 balance, then app, then take care of those balances. Order of ops is important as your creditors will be softing you regularly.

[travisp33]

BOOM!

Ok, so should I go for the AMEX green pre-selected offer? now, or after NFCU posts?

Also my impression is freedom is easier than slate? thoughts?

[09Lexie]

It's obvious you want to app for the Amex even though you were advised against -young said no too.

If your NFCU hasn't posted, you are showing exactly what cc's on your report?

[Themanwhocan]

There are many risks here.

You already just quadrupled your total credit limit. You need to show responsible usage of that before trying to grab even more.

Your Credit scores weren't all that high to begin with. Now multiple HP's have pulled the scores down, and as the new credit cards report to the credit bureaus, the scores will drop further.

You have a lot of new credit cards. Thats another reason credit card applications are denied.

Your average age of accounts has plummeted.

Etc... If you show usage of those cards for 6-12 months, you scores will recover and increase, and you will be in great shape to apply for more cards with great starting limits. if you only show usage for 6-12 days, well... Good luck with that plan. You'll need it.

[travisp33]

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@09Lexie wrote:
It's obvious you want to app for the Amex even though you were advised against -young said no too.

If your NFCU hasn't posted, you are showing exactly what cc's on your report?

---

I don't think I was clear. There was the BCP which I asked if I should recon, and everyone said no. I agree.

There was a seperate pre-selected offer for Amex Green that arrived alongside the decline letter for Bcp. Why should I turn down this pre-selected offer?

My file is thin with revolvers, granted - but I have strong income and very strong installment history.

[09Lexie]

You were clear. That's why I stated that it was clear you wanted to app. I'll ask the question again, what's currently reporting on your CR's?

[FinStar]

Go for it then.

[travisp33]

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@Themanwhocan wrote:

There are many risks here.

You already just quadrupled your total credit limit. You need to show responsible usage of that before trying to grab even more. Only one of which has posted. Why not grab more limit before it does, if avail?

Your Credit scores weren't all that high to begin with. Now multiple HP's have pulled the scores down, and as the new credit cards report to the credit bureaus, the scores will drop further. The pulls were bunched on TU. Only 2 on EX and EU TOTAL in the past 2 years. 2 pulls have dropped my score?

You have a lot of new credit cards. Thats another reason credit card applications are denied. Maybe but a denial is nothing more than a pull, no?

Your average age of accounts has plummeted. Not even close. I have over 20 accounts with AAoA around 9 years. 2 new accounts <> "plummet"

Etc... If you show usage of those cards for 6-12 months, you scores will recover and increase, and you will be in great shape to apply for more cards with great starting limits. if you only show usage for 6-12 days, well... Good luck with that plan. You'll need it.

---

Sorry, I still dont get it. Help me understand?

Scenarios:

1.) I go off to the garden as is. YAY!

2.) I do 1-2 selective apps on cards known to hit EX or EQ where I only have 2 HPs now.

Options:

- Denied. I go to the garden with 3 HPs on EQ and EX each instead of 2.

- Approved. I go to the garden with a bigger total limit and more to garden.

Not trying to be arguementative, just trying to understand, because I dont get it

[09Lexie]

What's is your current reported util? Baddies?

Amex Charge does not report a CL so I'm unclear as 'why not grab more limit before it does' means?