I posted a question asking if I needed more credit yesterday. After all the responses, which I greatly appreciate by the way, I guess I was asking wrong. What I really want to know is....I have a lot of subprime credit, should I get something like a BoA 99/500 that after a year of good pay history will graduate to a prime card with better cls? Or do I have too many cards....?
Open CCA:
Direct Rewards Discover-$900 limit-opened 05/08
HSBC/Best Buy(not MC)-$500 limit-opened 12/07
Cap1-$500 limit- opened 01/07
OB Visa-$300 limit- opened 01/07 (got $ 100 cli yesterday-$400, boo hoo!)
OB MC-$300 limit- opened 01/07 (got $ 500 cli yesterday-now $800, yeah!)
*all are at 5% utility or less (but not reported to CRA yet)
*trying to combine the 2 OB CC's
Closed CCA:
AmEx- $1100-AU for 2mo in 11/01-12/01-closed PIF
First Premier-$300 limit- opened 11/05-closed 06/06 PIF
Student Loan:
Wells Fargo SL-$5000- opened 09/04
Installment Account:
Star Furniture-$1500-opened 02/05-closed 02/06, PIF
Auto Loans:
Cap1 Auto Fin-opened 10/07
HSBC Auto Fin-opened03/05
*HSBC will be paid this year
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712