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What I am doing wrong?

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GBR
Member

Re: What I am doing wrong?

Yep, I should stop thinking about something that doesn’t need to be fixed then. I will post later on if the new Amex card changed my score in either direction.

I appreciate all inputs.

 

GBR

Message 11 of 14
Luscher
Valued Contributor

Re: What I am doing wrong?

it is often said that anything over 780 is as good as it gets. you will get the best rates/same rates if you are 780 or 850
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 12 of 14
TheConductor
Established Contributor

Re: What I am doing wrong?

To be frank, when my own score reaches 780-790ish I will cease caring about getting it any higher.

 

As it is, I'm nowhere near that but I've reached a point where I am able to have many of the cards I have dreamed of having. My only reason for wanting it any higher right now is better mortgage rates.  And around 780, those won't get much better.

 

That being said, I acknowledge that to some people the score is a way of celebrating their continued achievement in managing their credit well.

 

And it does sound like you've done very well indeed.  Kudos!

 

If you don't have any installment loans (car loan, mortgage, etc.) on your report, maybe it's time to buy a new car or house.  Smiley Happy

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12), Total CL $1k on 2 TLs
Current: EQ 709 (CCT 2/4/15), EX 704 (CCT 2/4/15) , TU 702 (CCT 2/4/15), Total CL $110.3k on 14 TLs Goal: 740+ x3
My Wallet: Amex BCP $30k, Chase United Explorer $16k, Amex SPG $13.5k, Barclaycard Ring MC $12.5k, Chase CSP VS $12.2k, Discover it $10.5k, C1 Venture VS $6.5k, Chase Slate $3.5k, Amex Hilton Surpass $2k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Citi BestBuy $500
My Loans: Prosper $25k/36mo, Prosper $17k/36mo
My Business: Chase Ink VS $5k, Amex BRG NPSL (> 10k),
Message 13 of 14
takeshi74
Senior Contributor

Re: What I am doing wrong?


@Anonymous wrote:

Points are harder to gain when your scores are that high.  Just an FYI.


^ This.  Think of it as a curve.  At 800+ you're on a very steep incline.

Message 14 of 14
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