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  1. #1
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    Default Successful Fidelity Amex app

    Well I decided to go ahead and pull the trigger on the Fidelity Amex application I had been planning. I decided today for a few reasons.

    1. My balance transfer from my Amex Platinum to my Penfed PRV had gone through and reported to credit bureaus.
    2. My new Penfed card existence has not reported to credit bureaus yet (outside of the initial HP)
    3. FIA Card Services, which controls the Fidelity Amex and my current BofA Cash Rewards card should have my current BofA card balance even though the balance transfer with that card to Penfed hasn't reported to the credit bureaus yet.

    I was approved over the phone for a $17.5K CL. I asked them to round that to an even $20K and they said they would get back to me.

    So to recap:

    As of 1/16/2013:
    Amex Platinum
    BofA World Mastercard ($13.5K CL)
    Chase Slate ($13.5K CL)

    Today:
    Amex Platinum
    BofA Cash Rewards Mastercard ($20K CL)
    Chase Freedom ($25K CL)
    Fidelity Amex ($17.5K CL at least)

    Still on the conquer list:
    US Bank Cash + (wife app)
    Discover IT (wife app)
    Amex BCP (I'll probably do this, maybe today...they wouldn't turn down a Platinum card holder, would they?)
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  2. #2
    Centurion Member MemberSince99's Avatar
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    Default

    Congrats those are some very nice limits and good cards you have.
    FICOS
    TU: 785 January 2014
    EQ: 772 January 2014
    EX: 773 January 2014
    TU08 (Barclay's) 794 February 21 2014
    Discover 798 April 15 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Chase Sapphire Preferred Signature Visa 5k (5/13)
    Amex Gold NPSL (5/13 - backdated to 5/99)
    Barclay's Arrival World MasterCard 10k (11/13)
    Citi Dividend Visa 6.3k (12/13)
    Chase Freedom Signature Visa 7k (1/14)
    Bank of America Travel Rewards Signature Visa 10k (2/14)
    Discover IT 4.5k (2/14)
    Amex Everyday Preferred 2k (3/14 - backdated to 3/99)

    Garden: Card carrying Garden Club member. Gardening until 2014!
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  3. #3
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    Thanks. I went ahead and looked up the $250 reward offer on creditcards.com to apply for the BCP card but the link between their website and Amex isn't working right now. If I just call up Amex, then the reward is $150. I guess I'll have to be patient and wait for the systems to come back online (grrrr).
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    I wish I would have known about the 250 bonus. I only got 150 offer for mine.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  5. #5
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    Actually, my list of cards should read:

    Amex Platinum
    BofA Cash Rewards Mastercard ($20K CL)
    Chase Freedom ($25K CL)
    Fidelity Amex ($17.5K CL at least)
    Penfed PRVisa ($28K CL)

    Total CL = $90.5
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  6. #6
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    Quote Originally Posted by Sevenfeet View Post
    Actually, my list of cards should read:

    Amex Platinum
    BofA Cash Rewards Mastercard ($20K CL)
    Chase Freedom ($25K CL)
    Fidelity Amex ($17.5K CL at least)
    Penfed PRVisa ($28K CL)

    Total CL = $90.5
    Do you get value from the Platinum?
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  7. #7
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    Quote Originally Posted by FutureBillionaire View Post
    Do you get value from the Platinum?
    For Delta Sky Club access, yes. I also expect to use the Global Entry benefit this year as well.
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    Default

    Well, it looks like my Amex BCP application (including the $250 bonus for spending $1000 in 3 months) was also approved for the tune of a $20K.

    So the field now looks like:

    Amex Platinum
    Amex BCP ($20K CL)
    Fidelity Amex ($17.5K CL at least)
    BofA Cash Rewards Mastercard ($20K CL)
    Chase Freedom Mastercard ($25K CL)
    Penfed Platinum Rewards Visa ($28K CL)

    Total CL = $110.5K (up from $45K on 1/16/13)

    Not bad for in five weeks. My AAoA will drop sharply but my utilization will fall from 95% (five weeks ago) to 67% (this morning) and finally 33% (this afternoon). I'm heading back for the garden but I still have my wife's apps to do before we are through. If she gets approved for her stuff, my overall utilization should drop to an estimated 25%.
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  9. #9
    Centurion Member MemberSince99's Avatar
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    You are really doing great in every area except one - utilization. I'm not being a MyFICO guy, 33% is not THAT terrible but the amount in this case it looks like over 30k, I would feel buried alive with that much revolving debt on me. Your situation is probably different though and for your income maybe it's not a big deal. And you have some great cards with fantastic limits so congratulations to you! Great job Sevenfeet!
    FICOS
    TU: 785 January 2014
    EQ: 772 January 2014
    EX: 773 January 2014
    TU08 (Barclay's) 794 February 21 2014
    Discover 798 April 15 2014

    Cards:
    Associated Bank Accelerated Rewards Signature Visa 21.5k (05/12)
    Chase Sapphire Preferred Signature Visa 5k (5/13)
    Amex Gold NPSL (5/13 - backdated to 5/99)
    Barclay's Arrival World MasterCard 10k (11/13)
    Citi Dividend Visa 6.3k (12/13)
    Chase Freedom Signature Visa 7k (1/14)
    Bank of America Travel Rewards Signature Visa 10k (2/14)
    Discover IT 4.5k (2/14)
    Amex Everyday Preferred 2k (3/14 - backdated to 3/99)

    Garden: Card carrying Garden Club member. Gardening until 2014!
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  10. #10
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    Thanks MemberSince99. The debt load right now is about $45K total (so the utilization is about 40%, my mistake on the calculations...the line of credit we moved funds from to Penfed is on my wife's report, not mine). Trust me, I don't like having that much debt out there either. From a money standpoint, it's causing us to live in a way that makes our budget tighter than I would like.

    We moved $28K to the Penfed in order to burn down the most toxic of it (i.e. the highest interest rates) in the next 18 months or so of 0% goodness. After that, what will remain will be the Chase card, which has an interest rate low enough that I can park $15K there now without incurring a large interest rate payout.
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