Too Much too Fast?

[Anonymous]

Op,

You are good for 1-2 more cards. Go for the Walmart. Wait a few months until after 61 day Amex cli, then app for another visa/mc. After that off to garden for a while I think.

[09Lexie]

Walmart will be good for you ESP with the free FICO score.

[myjourney]

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@goodscores wrote:
I'm thinking maybe lowes? I really just want to establish a relationship with GECRB to increase my overall available credit. Is their no interest financing available for the life of the card? I like hearing what folks would do in my shoes, at this stage of my credit journey. Thanks all.

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Walmart IMHO but only if you shop there

I think you could get the discover version which can be used anywhere

If not go for the Lowe's

And then stop no more apps ...trust me 

[goodscores]

Thanks All for the push.  My trigger finger is super sticky!  

I Just apped Wal-Mart and was approved.  I'm finished with my app spree, and feel comfortable with the cards I have.  Thanks for all the great advice.  I'm curious to see how my scores react once the 5 new accounts hit my reports.  

I will be asking for some advice on usage to maximize both future CLI's as well as FICO scores for a mortgage refinance sometime next year.  

Thanks again

[myjourney]

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@goodscores wrote:

Thanks All for the push.  My trigger finger is super sticky!  

I Just apped Wal-Mart and was approved.  I'm finished with my app spree, and feel comfortable with the cards I have.  Thanks for all the great advice.  I'm curious to see how my scores react once the 5 new accounts hit my reports.  

I will be asking for some advice on usage to maximize both future CLI's as well as FICO scores for a mortgage refinance sometime next year.  

Thanks again

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Congrats  woooo hoooo

Did you get the discover version?

[myjourney]

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myjourney wrote:

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goodscores wrote:

Thanks All for the push.  My trigger finger is super sticky!  

I Just apped Wal-Mart and was approved.  I'm finished with my app spree, and feel comfortable with the cards I have.  Thanks for all the great advice.  I'm curious to see how my scores react once the 5 new accounts hit my reports.  

I will be asking for some advice on usage to maximize both future CLI's as well as FICO scores for a mortgage refinance sometime next year.  

Thanks again

---

Congrats  woooo hoooo

Did you get the discover version?

I saved the best tip for last .......check in here http://ficoforums.myfico.com/t5/Credit-Cards/Garden-Club-Meeting-August-2013/td-p/2334767

[goodscores]

Yes, I got the Discover version with a $2200 limit.  Is that a decent starting limit for that card, or is a recon in order?

[myjourney]

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@goodscores wrote:

Yes, I got the Discover version with a $2200 limit.  Is that a decent starting limit for that card, or is a recon in order?

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That's a decent starting limit but yes you could still call in for recon CLI since it won't be another HP it can't hurt. 

Good luck sticky fingers I got a kick out of that Lol

No more apps tho you're good to go now until your plans for next year

[goodscores]

Greetings Team myFico,

So I was just approved for the 61day 3x CLI on my Amex BCE.  Used heavily, and paid before statement closing date each month.  The $100 dollar bonus was applied to my account just hours after I reached the $1000 spend requirement.  Thanks Lexie, Myjourney, and Cashem for your advice.  

So, my $1000 Bank of America secured card turns 1 year in January, I'm really curious to see what kind of limit they will unsecure me with.  I really need some more spending power with Visa or Mastercard.

Current Cards & Limits:

BofA Cash Rewards Platinum Plus Visa     $1000     10 Months

Discover It                                                           $3000      3 Months

Amex Green                                                        NPSL      2.5 Months

Amex BCE                                                           $6000     2.5 Months

Walmart Discover                                              $2200     2.5 Months

[Anonymous]

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@goodscores wrote:

Greetings Team myFico,

So I was just approved for the 61day 3x CLI on my Amex BCE.  Used heavily, and paid before statement closing date each month.  The $100 dollar bonus was applied to my account just hours after I reached the $1000 spend requirement.  Thanks Lexie, Myjourney, and Cashem for your advice.  

So, my $1000 Bank of America secured card turns 1 year in January, I'm really curious to see what kind of limit they will unsecure me with.  I really need some more spending power with Visa or Mastercard.

Current Cards & Limits:

BofA Cash Rewards Platinum Plus Visa     $1000     10 Months

Discover It                                                           $3000      3 Months

Amex Green                                                        NPSL      2.5 Months

Amex BCE                                                           $6000     2.5 Months

Walmart Discover                                              $2200     2.5 Months

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First off, congratulations!  What is your Walmart TU FICO 08 score showing btw?

I wouldn't depend on the BofA card unsecuring with that much higher a limit.

Once your BofA hits 1 year and your new AMEX limit reports, you should be ready to get one more VISA/MC.  In the mean time, you can ask for CLI on Walmart Discover using the backdoor number for GE.  Ask for them for 10k or whatever they can do.  It will be off SP.  Also, work on your reported utilization so you maxmize your FICO for application after 1 year mark on BofA (Jan?).   I would consider one of the following cards if I was you given that you are looking for VISA/MC:

1) Fidelity VISA: 1.5% to 2% cash back to Fidelity account.  Not necessarily that generous with CL

2) Chase XXX: Chase has lots of choices on cards.  Now that you will hopefully have 2 cards (AMEX and Walmart) card over 5k, Chase is a good option.  Chase's CLI policies stink but they are normally agressive with intial CL.  CSP is nice with AF (but no AF for first year).  Freedom is decent for rotating.  Good choice on airline/hotel cards if that is your speed.  I actually think Chase Amazon is good if you buy on Amazon.

3) Barclay's Arrival: Basically 2 cent per dollar on travel made through them.

4) US BANK Cash+: Decent card but helps if you are in their service area or otherwise hard to get.  Not particularly generous with intial CL.  They will likely meet around your high average.

5) Cap One Quicksilver: 1.5% cash back.  Negative is they will pull all 3 bureaus but since you are in garden afterwards, no biggie.  SP based CLIs through EO is really nice and what makes this card special compared to all the other choices so you can grow CL without credit hits.  Initial CL will likely be around your high average.

There are some other good choices out there.  Feel free to ask for any advice.  Congrats again!