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Would it be wise for me to remove First Progress credit card?

thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Yeah thats already on the highend.  IIRC, Disco's low is 12.99%...(? maybe lower now due the fed rate reduction).

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 11 of 27
Remedios
Moderator

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Is Amex reporting yet? 

Message 12 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@thornback wrote:

@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Yeah thats already on the highend.  IIRC, Disco's low is 12.99%...(? maybe lower now due the fed rate reduction).


That would be for users with good credit, right? All of my credit cards is above 20%.

 

Message 13 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@Remedios wrote:

@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Is Amex reporting yet? 


Yea, Amex reported last week for the fist time. So my score jumped up +6 points with Transunion and Equifax. Around 16 points with Experian. My highest score is 677.

Message 14 of 27
thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote:

@thornback wrote:

@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Yeah thats already on the highend.  IIRC, Disco's low is 12.99%...(? maybe lower now due the fed rate reduction).


That would be for users with good credit, right? All of my credit cards is above 20%.

 


Yeah - clean reports (no negatives/derogs), low-moderate util,  somewhat aged, no recent credit seeking. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 15 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?


@thornback wrote:

@DarkKnight_Credit wrote:

@thornback wrote:

@DarkKnight_Credit wrote:

@Remedios wrote:

Your APR is going to be high (ish), but since you're rebuilding you shouldn't be carrying balances anyway. 

 

What does pre-approval lists for APR? 

 


I think it's around 22% for the pre-approval.


Yeah thats already on the highend.  IIRC, Disco's low is 12.99%...(? maybe lower now due the fed rate reduction).


That would be for users with good credit, right? All of my credit cards is above 20%.

 


Yeah - clean reports (no negatives/derogs), low-moderate util,  somewhat aged, no recent credit seeking. 


Ah ok, gotcha. My reports are nearly clean. The only negative I have right now is Santander Auto, but I paid for settle, which jumped +25 points in November. That was how I was able to get Amex I think.

Message 16 of 27
thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?

Yes, Amex is usually willing to give you a shot if your outstanding debts are paid. 

 

Congrats on all of your progress so far - youre almost there!

 

IMO,  app for Disco whenever you're ready - i think you'll be fine and their pre-approvals are usually pretty solid.  But once approved - thats it - go sit in the Garden til your youngest turns a year old. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 17 of 27
DarkKnight_Credit
Established Member

Re: Would it be wise for me to remove First Progress credit card?

Thanks! It took time and a lof of hard work, but it's paying off!

 

I'll probably get discover within a few months. 

Message 18 of 27
Remedios
Moderator

Re: Would it be wise for me to remove First Progress credit card?

Just go for it when you're ready 

Worst case scenario, you end up with HP. That's hardly end of the world.

Best case scenario, you end up with a great card, and lose a free harvester, which is what FP is. 

 

 

Meanwhile, did you try to PC your cap one to QS yet? 

 

Message 19 of 27
thornback
Senior Contributor

Re: Would it be wise for me to remove First Progress credit card?


@DarkKnight_Credit wrote:

Thanks! It took time and a lof of hard work, but it's paying off!

 

I'll probably get discover within a few months. 


Been there, done that!  So I completely understand the work that goes into it.  Take pride in your achievements - it's not easy.

 

Be sure to keep us all updated - good luck with the rest of your rebuild - and welcome to the forums!

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 20 of 27
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