- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Don't do that balance thing. That's what happened with me too. One month I simply could not pay the balance for the first time and from there it snowballed until I was in WAY over my head and caused my eventual downfall (that and losing my job, but I made poor decisions).
I feel like my stack of cards is a bit much and my inclination is to thin the herd a bit. My Associated cards are on the chopping block. I'm not gung ho to close them, I plan to leave them inactive for a bit, and once the new cards finish reporting I might want to close at that time.
Also BofA and FIA are on the block. That would leave me with FNBO, Chase and the 2 Amex cards. The Amex are backdated to 99 which is why I will GLADLy give Amex the 125 a year even if I don't get a penny in rewards. It's worth it to me personally for that alone, I couldn't care less about the rewards on it. They could eliminate them altogether and I'd PC it if I could otherwise just keep it. The BCP is my groceries/gas/dept store card. Fits perfect with my spending.
What caused me to try again? Well as you know I was blacklisted, but I had read about their agreement with the government regarding collections and such, they paid a pretty heavy fine early this year, and they were giving some folks cards who had paid collections past the statute on charged off Amex cards.
I don't know how you would describe it, part of it was just a feeling of well if I'm still blacklisted (which I assumed I was) it won't even be a hard pull so what do I have to lose in that case? Nothing but the 5 minutes to apply (which is literally all it takes online). And if by some chance I get it, great! And part of it was just something, a feeling, told me to go for it. I can't explain that but I tend to follow those feelings sometimes even if I don't have a logical reason for them, as they seem to prove correct more than I'd like to admit.
So I did it. On the Gold, almost instantly, it said the we'll get back to you real soon message, and I assumed that was because I was blacklisted and they didn't even need to pull my credit is why it was so quick (it was literally 2 seconds max where normally it should take 20 or so). I was shocked to get the your new card has been approved email a few minutes later. It was an instant approval basically but I had read of others getting the same thing.
Same with BCP - I got the same message, but a few minutes later got the approval message.
So that's the scoop. I really hope to build things back to a nice state with Chase and Amex.
AS for Discover, oh man don't even get me started on them. I got frustrated that despite spending heavy money on their card and PIF as soon as the charges posted, nothing in terms of luv. Just nothing. I closed them, but then recently app'd again (last month) as I really love their great CS and the rewards and their shopping mall is great.
Got the we will get back to you message but that's nothing bad I always get that. Called them up, and heard I'd like to welcome you to the Discover family you get a 3k limit. I was like well that's great but I was really hoping for something more competitive with my current limit cards, you aren't even in the ballpark. She says well you have a 2k Barclays, and a 5.5k Amex card. I said those are closed - my lowest limit current card is 5k. She said well we need to see history on OUR card before we can give you a higher limit. I said that doesn't make sense you can see my history with you right on your screen, if you see the other cards I had you can see yours too, and you know I used them and paid in full on time every time, and you gave me higher limits than this before but now you say I get a lower limit because of my good history with you? She says well I can't increase your limit use it and pay in full and it will grow. I said that's why I closed the other cards I did that and they DIDN'T grow.
I closed it the same day I got it. Then they got all pissy about it, and sent me a denial letter saying I was declined and the reason why was that my credit profile doesn't support the limit requested. That was adding insult to injury, but the card won't show as opened so what the hell I guess. But that insult will be remembered.
That's why I don't have them in my wallet today.