Results from anyone who has used My Jewelers Club

[Anonymous]

This post is for anyone who has already used My Jewelers Club to establish the $5,000 line of credit and has had it report. What kind of improvements have you seen to your credit since then? I know it will be hard to say exactly what was caused by just MJC since most of us are doing several things at once but I'm just looking for estimates, guess, ballpark ideas, etc. I know it also depensd on your existing credit limits and much more, but again, I'm just looking peoples stories who have used MJC.

Thanks!

[mrldp40]

Bump very interested  also

[aplast]

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@mrldp40 wrote:

Bump very interested  also

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I applied for this account about a week and a half ago and it reported to the CB's yesterday. Has definintley helped me. I am like right around 600 right now and it has raised my score 10 points upon reporting and will hopefully build upon that and have other creditors give me cli's based on this higher limit. Utilization is currently at 20%.

[Anonymous]

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@aplast wrote:

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@mrldp40 wrote:

Bump very interested  also

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I applied for this account about a week and a half ago and it reported to the CB's yesterday. Has definintley helped me. I am like right around 600 right now and it has raised my score 10 points upon reporting and will hopefully build upon that and have other creditors give me cli's based on this higher limit. Utilization is currently at 20%.

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I have also been trying to find info on MJC. Were you given the full $5,000 line of revolving credit with your credit score?

[ls2016]

I applied for the My Jeweler Club account on Dec 19, 2016. Approved for the full $5000. Showed on Transunion and Equifax on 1/6/16, according to Credit Karma and Wallet Hub. 1% Util. Fako scored only went up by 2 pts. Have to wait 3 more days to refresh reports with CCT to check if received a boost to FICO scores. Keep in mind that I have other things going on as well (added several new accts). So, there's a reason for very little score boost. Overall, with adding this acct, my overall util went from 19% down to 7%, so that's a help in and of itself. Will report back in 3 days.

[Anonymous]

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@ls2016 wrote:
I applied for the My Jeweler Club account on Dec 19, 2016. Approved for the full $5000. Showed on Transunion and Equifax on 1/6/16, according to Credit Karma and Wallet Hub. 1% Util. Fako scored only went up by 2 pts. Have to wait 3 more days to refresh reports with CCT to check if received a boost to FICO scores. Keep in mind that I have other things going on as well (added several new accts). So, there's a reason for very little score boost. Overall, with adding this acct, my overall util went from 19% down to 7%, so that's a help in and of itself. Will report back in 3 days.

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What were your scores when approved for full 5k?

[ls2016]

Fico 8: Ex. 630, Tu. 640, Eq. 637

[Anonymous]

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@ls2016 wrote:
Fico 8: Ex. 630, Tu. 640, Eq. 637

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That's incredible. For people that have similar scores, with very low CC limits, it seems like this would do WONDERS for overall credit limits and util. I mean I might apply to this before a secured card. 

[Anonymous]

I got MJC back in October, reported last the end of November although still have/paying a balance. No real change in CS thats significant. This month is my last month paying a balance and I will call Monday to address reporting. WalletHub lists the account as a charge account and doesn't include it in utilization.. is it actually factored into your revolving util with Fico?

[mrldp40]

That suck i just signed up and was hoping for a big boost