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A 19 year old's 1 year anniversary on myFICO - Over 100K credit!

Monoglot
Valued Contributor

A 19 year old's 1 year anniversary on myFICO - Over 100K credit!

AU on Discover, 26 years, $15,000 CL. 

AU on Lexus FSB, 4 years, $2,000 CL

 

Turned 18 - FICO 8 TU 720 (from Discover)

Mid July 2015, before joining myfico: 

  • New Discover It $500
  • New Cap One Journey $3,000
  • New AMEX TrueEarnings $5,500

August 2015 -- Joined myFICO

  • PC Cap One Journey to QS

Late November 2015

  • Cap One Journey CLI from $3,000 to $6,000
  • AMEX TE CLI from $5,500 to $10,000
  • New FNBO BucksBack 2% Card $4,400

Early Decemeber 2015

  • New Chase AARP $15,000
  • New Chase Freedom $16,000

Late December 2015

  • New Cap One Quicksilver $5,000
  • New Cap One Venture $15,000
  • New BOA BBR $2,500
  • New US Bank Cash Rewards $300
  • Discover It CLI to $750

February 2016

  • New AMEX BCE $10,000 (matched with AMEX TE) 

May 2016

  • Amex BCE CLI to $25,000 CL

June 2016

  • Discover CLI to $1,500 CL
  • AMEX TE closed. Transferred to Citi Costco, $10,000 CL. 

July 2016

  • Combined Cap One Cards. Cap One cards from December 2015 combined into July 2015 Quicksilver (previously Journey) into $29,500 CL. 
  • New Citi Double Cash $4,500 CL
  • Two New BOA BBRs (one TU HP). CLs at $3,000 and $4,800. (Total of 3 BBRs) 
  • Total Primary Credit: $116,500

 October 2016

  • Discover Student It CLI to $2,500.
    • Closed the student card to apply for normal It in a couple months. 

 

I want to thank everyone here for all the knowledge that I have gained from being part of this community. Smiley Happy 

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Message 1 of 36
35 REPLIES 35
Mia25
Senior Contributor

Re: An 18 year old's 5 month journey on myFICO

Congrats on your success!! well done ..

Message 2 of 36
Aarvard
Established Contributor

Re: An 18 year old's 5 month journey on myFICO

Congrats!
Your TU is really high for such a young age Smiley Very Happy

03/25/2015 TU 08 765, EX 08 747, EQ 08 757, EQ 04 754.
01/30/2016 TU 08 775, EX 08 752, EQ 08 744
Goal: 780+ across all models.
Message 3 of 36
ficoguy2013
Regular Contributor

Re: An 18 year old's 5 month journey on myFICO

I employ you to be responsible - temptation is great.

You'd be working for the banks for the rest of your life.

Just a friendly advise - however congrats on your approvals Smiley Happy
Lines of Credit Navy FCU Cash Rewards Signature - $25k || Navy FCU LOC - $15k || Barclay's Apple Rewards - $5k || ECP Military Exchange - $4k || DCU Platinum Rewards - $2k || Discover IT - $750 || Capital One Quicksilver - $2.5k || USAA American Express - $5k || Target Redcard - $2.4k ||
Auto Loans:Toyota Financial $25,000 - 1.9% || USAA Auto $32,000 - 1.76% || DCU Auto $32,000 - 2.49% (dd discount .50%)

Utl @ 10% - Main Card: Navy FCU Cash Rewards
Message 4 of 36
Monoglot
Valued Contributor

Re: An 18 year old's 5 month journey on myFICO


@ficoguy2013 wrote:
I employ you to be responsible - temptation is great.

You'd be working for the banks for the rest of your life.

Just a friendly advise - however congrats on your approvals Smiley Happy

Haha, no need to worry about me. I'm making the banks work for me. No way in my life am I ever going to place a charge on the card that I cannot pay off. The interest rates on CCs are horrible anyways Smiley Tongue.

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Message 5 of 36
ddemari
Super Contributor

Re: An 18 year old's 5 month journey on myFICO

that is incredible sucess!!! keep that mind set of not charging what you can't afford, as it is a slippery slope that happens very easily to the best of us. 

Message 6 of 36
simplechamp
Regular Contributor

Re: An 18 year old's 5 month journey on myFICO

Also, life can and most certainly will throw you curveballs. So while right now it's easy to say "I would never do that" it might not always be so black and white in the future. That's why it's so important to have a plan and support system (mentally and financially) in place.

Message 7 of 36
Monoglot
Valued Contributor

Re: An 18 year old's 5 month journey on myFICO


@simplechamp wrote:

Also, life can and most certainly will throw you curveballs. So while right now it's easy to say "I would never do that" it might not always be so black and white in the future. That's why it's so important to have a plan and support system (mentally and financially) in place.


Mmm, that may be true, but down the path where I'm heading, I think I'm set. 

 

Edit: If I were to use my credit, I wouldn't be using a credit card since they have the most interest. Would be getting a LOC probably with 3% int. 

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Message 8 of 36
renclan
Regular Contributor

Re: An 18 year old's 5 month journey on myFICO


@Monoglot wrote:

Mid July 2015, before joining myfico: 

  • New Discover It $500
  • New Cap One Journey $3,000
  • New AMEX TrueEarnings $5,500

August 2015 -- Joined myFICO

  • PC Cap One Journey to QS

Late November 2015

  • Cap One Journey CLI from $3,000 to $6,000
  • AMEX TE CLI from $5,500 to $10,000
  • New FNBO BucksBack 2% Card $4,400

Early Decemeber 2015

  • New Chase AARP $15,000
  • New Chase Freedom $16,000

 

I want to thank everyone here for all the knowledge that I have gained from being part of this community. Smiley Happy 


My son is getting ready to turn 18 in a few days. For the last year, he has been an AU on my two highest cards. If you don't mind my asking, what was your income when you first applied for credit? Thanks!

Current FICO Scores: EQ 770, Trans 753, Exp 759
MyFICO Starting Scores/2015: EQ 677, Trans 695, Exp 674


Amex Blue Cash $21,500. Amex Everyday $11,300. Citi Double Cash $14,050. Cap One Quicksilver 11,800. Discover It $27,800. Chase Slate $5200. Chase Sapphire $10,000. Care Credit $2800. Wells Fargo $1500. Vic Sec $5380. Kohl's $2500. Old Navy $7500. Macy's $7000. Walmart $7500.
Message 9 of 36
Bankrupt2019
Established Contributor

Re: An 18 year old's 5 month journey on myFICO

Congrats and good work!









Message 10 of 36
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