Time to Expand the Portfolio?

[myjourney]

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@atari56 wrote:

Looking for advice as to whether I should apply for Amex green or another prime lenders card or garden a bit longer...

scores          Inq

Eq 704           1 on 3/6/13

TU 718            5 on 3/16/13, 3/26/13, 4/20/13, 5/19/13, 12/10/13

Ex 724            1 on 12/ 19/12

util is approx 35%

current cards are as follows:

Wells Fargo 2500/3000

cap one 1600/2800

wal mart 995/1650

dell account 0/4000

chevron 0/1800

Express 0/1150

home depot 0/1300

cap one (formerly orchard bank) 0/1000

Barclay nfl 1700/2000

zales 0/1750

new member, any advice is appreciated and if I'm in the wrong forum please move. Thanks in advance!

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Welcome to the forum 

1) Stop apps

2) pay off debt

3) let all the INQ's age

Those scores either arent current or are FAKO because you have to many maxed out cards not to be dinged in the scoring big time IMHO YMMV

All your prime cards are maxed and question are any of those from the apps this year? 

[atari56]

Def not FAKO. All purchased through MyFico during the passed two days. I generally pay at least $100 a month on each card along with another $500 on a card of my choice going debt snowball method. I'll probably use tax returns in Feb to pay off walmart completely.

past two days

[FinStar]

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@myjourney wrote:

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@atari56 wrote:

Looking for advice as to whether I should apply for Amex green or another prime lenders card or garden a bit longer...

scores          Inq

Eq 704           1 on 3/6/13

TU 718            5 on 3/16/13, 3/26/13, 4/20/13, 5/19/13, 12/10/13

Ex 724            1 on 12/ 19/12

util is approx 35%

current cards are as follows:

Wells Fargo 2500/3000

cap one 1600/2800

wal mart 995/1650

dell account 0/4000

chevron 0/1800

Express 0/1150

home depot 0/1300

cap one (formerly orchard bank) 0/1000

Barclay nfl 1700/2000

zales 0/1750

new member, any advice is appreciated and if I'm in the wrong forum please move. Thanks in advance!

---

Welcome to the forum 

1) Stop apps

2) pay off debt

3) let all the INQ's age

Those scores either arent current or are FAKO because you have to many maxed out cards not to be dinged in the scoring big time IMHO YMMV

All your prime cards are maxed and question are any of those from the apps this year? 

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+1

I'm thinking gardening would be your best friend at the moment given that some work needs to be done with utilization.  Ideally, if your utilization was in the realm of <10% coupled with other positve factors, then sure no issue with adding 1 or 2 TLs.  One thing for sure, AMEX will always be there waiting for you.

[atari56]

the Barclays and Wells Fargo cards where used on my euro trip this summer. Generally util isn't this high. I'm just fighting inpatience and wanted to get some expert opinions on what I could get away with before I picked up my hoe...

[Anonymous]

I say go with your gut. You already know what's best for you, you're just looking for assurance, I would venture. Either way, it's not the end of the road, and it's not doing to dammage to the point of no return. It's your credit. You know what you're doing.

[09Lexie]

It's a HP on EX maybe a triple pull.  You will lock in 2013 as MSD. 

[atari56]

Not feeling the triple pull. I'll aim for the 10% util. Thinking I should just go for the Amex cash back at that point and prolly a citi card and try and upgrade the wal mart to a discover.

[09Lexie]

The triple pull may not occur.  It's up to you if you want to wait- probably a good decision.

one other thing, the upgrade to Discover from the store card is by invitation. 

[FinStar]

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@atari56 wrote:
Not feeling the triple pull. I'll aim for the 10% util. Thinking I should just go for the Amex cash back at that point and prolly a citi card and try and upgrade the wal mart to a discover.

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Sounds like a great plan.  The above poster (ptilda) may have offered a more "adventurous" approach but only you know where you stand as far as your profile and whether the risk is really worth it in the end.  Best of luck on your credit endeavors!