Two years later

[wmarat]

I made my first financial move in the States on 05/31/2006, opened checking account and secured card with BOA. I have  got (gotten) since then

1. Pentagon Federal Visa Platinum Cash Rewards 20000

2. BOA AmEx 15000

3. BOA MC 15000

4. Saks 5th Ave. (World Elite MC 8500 and store line 2000) 10500

5 Macy's (Visa 5000 and 2 store lines 3500) 8500

6 Discover More 7500

7. Citi CashRewards MC 7100

8. Chase Freedom Rewards Plus Visa 6500

9 Amex Blue 5000

10. GEMB (3 lines) 3550

Combine credit $98650

Autoloan from Nissan MAC 9000/1200 bal. for 25 mos 1.9% APR

Autoloan from PenFed        9000/9000 bal for 36 mos 4.25 APR (not reported yet)

Scores: mine EX 719, EQ 729 TU 720 FICO

              DW: EX 741, EQ 713, TU 737 FICO

Goal: morgage in 2010

I guess, it is sort of success, is not it?

[haulingthescoreup]

I guess it is very much success! I know those first six months in the US are tough, when your credit doesn't travel with you, but you've definitely made up for lost time. Nice work.

[Anonymous]

I would say so WTG that credit resume is impressive congrats to you for your success.

[Trishco]

Super success!!

Now, just remember, that some mortage bankers don't like to see *too much* available credit when you are applying for a mortgage.  If that should be the case...I'll be happy to take some of those cards off your hands!!

[wmarat]

---

Trishco wrote:

Super success!!

Now, just remember, that some mortage bankers don't like to see *too much* available credit when you are applying for a mortgage.  If that should be the case...I'll be happy to take some of those cards off your hands!!

---

Wonna my WalMart store card

[Trishco]

Lol...I already have one of those, but seeing as I've been obsessed with AmEx...any of those should do quite nicely!!  heheh

(And no I still have NOT applied for an AmEx!)

[Junejer]

Nice looking credit resume wmarat. Very well done in a short period of time.

[islandchild82]

That is great! Good job!

[Anonymous]

Looks like you'll achieve your mortgage goals easily, Wmarat. I wish you luck there. Keep in mind the stricter standards when you do apply, though (20% down - somehow, probably $3-4k in closing costs, verifiable employment and income (usually 2 years of tax returns and 2-3 months of pay stubs, credit score of probably at least 700).

Out of curiosity, though, how did you score the Saks World Elite MC and an Amex Blue limit of $5k? I recently applied for an Amex card with a score of 725 and got all of $1k - that's about as useful as the proverbial solar-powered flashlight. I was under the impression the World Elite (part of the Black card series) was only meant for those willing to cough up huge annual fees, have six-digit incomes, and long-established credit history. Does your Saks carry an annual fee? I keep trying to convince Chase to expand their Freedom product line to include the World Elite as opposed to just the World and Platinum.

[wmarat]

Well, my Amex Blue now at 15K. I charge on it no more than $400 - $500, always PIF before statement cut and do not use it where Amex might consider it risky. Initial CL was $2400, CLI on 60 days to $5k (12/07) and CLI at 6 mos mark to $15k (06/08). I am not going to request CLI any time soon.

I got Saks Elite only because lounge access. No AF, APR is 11.99%, never used conciierge services, shop at Saks rarely (3 times in last 6 mos.). I do have 6-digit income, but short credit history. I am about to call regarding CLI.