@joltdude wrote:Let's see...
Close OpenSky
Close First Premier.... (I consider FP the cheap corner street walker of subprime credit cards....)
Close Milestone (subprime)
Close First National (if theres any fee) (subprime card)
Close Merrick (if there is a fee) (Consider Merrick a *better* rebuilder than others but still in the subprime zone, hence why its further down the list)
Check for prequalify once your baddie falls off... or dont wait...
How long have you had your Personal COne card? (not AU) (f im reading it right, your AU on 2 1500$ CL cards and have your own 3000$ CL card, if not.. id check for a preapproval)
Could see if theres an offer in your account... or check prequal for another card...
Reason i didnt say close SDFCU is albeit for a secured card, it has your deposit. it has a relatively low APR if you ever NEED it ...
I dont see any cards comparable yet in your lineup for that level of low APR...
Just rip off the bandaid now... and when your final baddie comes off youll be in a place to work on cards you have that are better or apply for prime cards...
And hope you plan on pruning the store cards as well..
OpenSky - closed
First Premier- closed
Milestone- closed
First National - closed
Should I kick Eddie Bauer and his low limit to the curb?
Do you use the Eddie Bauer at all?
Its a Comenty card (if i read correctly) Might be able to get CLI's if its used at all...
Id hold onto the EB for now....
If not... perhaps SD it and revisit it after you get some other cards....
Keeping the Merrick card for now is not a bad thing since your still in rebuilder mode...
@heavyjay wrote:
@joltdude wrote:Let's see...
Close OpenSky
Close First Premier.... (I consider FP the cheap corner street walker of subprime credit cards....)
Close Milestone (subprime)
Close First National (if theres any fee) (subprime card)
Close Merrick (if there is a fee) (Consider Merrick a *better* rebuilder than others but still in the subprime zone, hence why its further down the list)
Check for prequalify once your baddie falls off... or dont wait...
How long have you had your Personal COne card? (not AU) (f im reading it right, your AU on 2 1500$ CL cards and have your own 3000$ CL card, if not.. id check for a preapproval)
Could see if theres an offer in your account... or check prequal for another card...
Reason i didnt say close SDFCU is albeit for a secured card, it has your deposit. it has a relatively low APR if you ever NEED it ...
I dont see any cards comparable yet in your lineup for that level of low APR...
Just rip off the bandaid now... and when your final baddie comes off youll be in a place to work on cards you have that are better or apply for prime cards...
And hope you plan on pruning the store cards as well..
OpenSky - closed
First Premier- closed
Milestone- closed
First National - closed
Should I kick Eddie Bauer and his low limit to the curb?
Yes, kick Eddie Bauer's a$$ to the curb! You don't need him. You have moved on.
I use the Eddie Bauer occasionally just to get it to report. I tried for a CLI a couple weeks ago and was denied. The letter said it was based on my credit score from Aug 12. I looked on my reports, they never did an AR in August. There was one on EQ from Nov 18 so I have no clue where they got August from. I'll SD it and try again in 3 or 4 months.
@heavyjay wrote:I opened 2 secured cards in March 2015 to help with my rebuilding.
OpenSky 750 CL
SDFCU 1250 CL
Fico 08 scores are now between 684-706.
I have one derog left, reporting on EQ only and due to come off in March.
I'm an AU on 2 Cap1 cards with $1500 CL's that always report a zero balance and were opened in 2004.
I have an Eddie Bauer card that always reports zero that I opened in 2005.
My current bank cards are:
Cap1 QS1 - $3000 CL
1st Premier - $1000 CL
Merrick - $1500 CL
1st National CC - $600 CL
Milestone - $300 CL
Store cards:
Walmart - $2000 CL
Amazon - $2300 CL
Lowes - $2000 CL
Firestone - $1000 CL
Eddie Bauer - $850 CL
AU cards: these cards get very limited use and always PIF before statement cuts
Cap1 - $1500 CL
Cap1 - $1500 CL
Sync BP - $2000 CL
Sync Steinmart - $3500 CL
Closing the secureds won't hurt my AAoA or utilization and I can think of better ways to use that $2000 other than letting it sit there earning no interest.
What do y'all think?
PS: I was thinking about closing the 2 turds also.
My 2 cents would be:
1. Close Open Sky, Merrick, Milestone, 1st Premier
2. Try to convert SDFCU to unsecured
@heavyjay wrote:
@joltdude wrote:Let's see...
Close OpenSky
Close First Premier.... (I consider FP the cheap corner street walker of subprime credit cards....)
Close Milestone (subprime)
Close First National (if theres any fee) (subprime card)
Close Merrick (if there is a fee) (Consider Merrick a *better* rebuilder than others but still in the subprime zone, hence why its further down the list)
Check for prequalify once your baddie falls off... or dont wait...
How long have you had your Personal COne card? (not AU) (f im reading it right, your AU on 2 1500$ CL cards and have your own 3000$ CL card, if not.. id check for a preapproval)
Could see if theres an offer in your account... or check prequal for another card...
Reason i didnt say close SDFCU is albeit for a secured card, it has your deposit. it has a relatively low APR if you ever NEED it ...
I dont see any cards comparable yet in your lineup for that level of low APR...
Just rip off the bandaid now... and when your final baddie comes off youll be in a place to work on cards you have that are better or apply for prime cards...
And hope you plan on pruning the store cards as well..
OpenSky - closed
First Premier- closed
Milestone- closed
First National - closed
Excellent
Should I kick Eddie Bauer and his low limit to the curb?
Because is it's so old, I'd keep it around awhile
@Anonymous wrote:I agree, if you don't need the cash in SDFCU account, leave it open. The interest rate is hard to beat if you need to carry a balance, and I think the account earns interest but I'm not sure.
$3.14 since March 2015. Not much, but better than the free loan I gave Open Sky.
My 2 cents would be:
1. Close Open Sky, Merrick, Milestone, 1st Premier
2. Try to convert SDFCU to unsecured
SDFCU doesn't graduate but as soon as my 1% util reports I'll qualify for the unsecured.