Did my last credit thing for a while

For just about anything you want to get off your chest about credit cards.
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MemberSince99
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Did my last credit thing for a while

Postby MemberSince99 » Sun Aug 10, 2014 1:01 pm

I got a Durango to be my winter vehicle (2008 used) and help with moving household type things.


That and the Lowe's card are the last credit things I'm doing for a long time to come I'm done. I mean really done, before I hear no. I haven't heard that in a long time now.


Not even going to check my scores until sometime next year. I'd be afraid to look at the moment. I'm totally seriously in the garden for a while.


supercoolman
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Postby supercoolman » Mon Aug 11, 2014 1:47 am

what's your goal?

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otter
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Postby otter » Mon Aug 11, 2014 11:03 am

MemberSince99 wrote: I'm totally seriously in the garden for a while.


Looks like the damn myfico cultists have brainwashed Member. I think we need to do an intervention and abduct Member to deprogram him before he starts doing shopping cart tricks.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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onion
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Postby onion » Mon Aug 11, 2014 11:44 am

otter wrote:Looks like the damn myfico cultists have brainwashed Member. I think we need to do an intervention and abduct Member to deprogram him before he starts doing shopping cart tricks.


What's wrong with shopping card tricks? The more cards you rack up with no inquiries, the better!

I figure the myfico members get those no inquiry cards to feed their addiction without leaving the garden.
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

MemberSince99
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Postby MemberSince99 » Mon Aug 11, 2014 12:19 pm

supercoolman wrote:what's your goal?




Absolutely nothing at the moment except get my score back up after everything hits. If there were any goal other than that, it would be to achieve the next Amex CLI in December on my EDP. Otherwise, hell I'll never see a CLI from Chase (I'm not even going to waste two hard pulls asking them) so that card will be at 11.5k as long as I have it. Actually that's fine I don't really use it anyway, not even for the 5% categories, so I truly don't need a CLI on that one. If I were to close any card I have, that would be the one simply due to lack of use.


But I mean really that's it.

MemberSince99
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Postby MemberSince99 » Mon Aug 11, 2014 12:24 pm

onion wrote:What's wrong with shopping card tricks? The more cards you rack up with no inquiries, the better!

I figure the myfico members get those no inquiry cards to feed their addiction without leaving the garden.




All those new accounts will drop your AAoA and your score even without inquiries. It's one thing if it's something you'll really use and it's another thing just to get a bunch of cards like some of them do. I've seen numerous posts over there by people who got every card that way they could with toy limits, dropping their AAoA to almost nothing, and then they never use the cards and end up closing them later when they won't grow (though what's the point of growing a card you'll never use or even getting it).


If done right, the shopping cart trick is a good way to establish credit - the "right" way is get one card you'll use, let it report for 6 months then use that to get a prime card or two. Once you'll in primeland just treat it right and time will do the rest. The bad use of it is getting every possible card this way and having no use for them and setting yourself back.


Don't mean to preach just read too many stories of people doing this and thinking about how foolish it really is, though I've certainly done things that some would consider foolish but I have no regrets personally.

popamode72
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Postby popamode72 » Mon Aug 11, 2014 1:35 pm

So glad I read this forum in addition to myFico so I can be fully aware of what I'd be getting myself into. In fact, I was even inspired by this forum to close three accounts I didn't need anymore and possibly closing a 4th one in a few months. The best feeling is getting something 1000x better afterwards and going from there.

Such a great way to signal that one has a bunch of good cards from prime lenders and therefore what would be the point of keeping stuff like Fingerhut in the first place long term? Also kinda annoys me how there are some people who seriously want to have 30 or 40+ cards. Just don't see the point in having such a massive burden and have a bunch of toy limits anyway.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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onion
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Postby onion » Mon Aug 11, 2014 1:39 pm

MemberSince99 wrote:All those new accounts will drop your AAoA and your score even without inquiries. It's one thing if it's something you'll really use and it's another thing just to get a bunch of cards like some of them do. I've seen numerous posts over there by people who got every card that way they could with toy limits, dropping their AAoA to almost nothing, and then they never use the cards and end up closing them later when they won't grow (though what's the point of growing a card you'll never use or even getting it).


If done right, the shopping cart trick is a good way to establish credit - the "right" way is get one card you'll use, let it report for 6 months then use that to get a prime card or two. Once you'll in primeland just treat it right and time will do the rest. The bad use of it is getting every possible card this way and having no use for them and setting yourself back.


Don't mean to preach just read too many stories of people doing this and thinking about how foolish it really is, though I've certainly done things that some would consider foolish but I have no regrets personally.


Sorry, I should have made a note in my comment, I was being very sarcastic.

Yes, the shopping cart trick is a great trick for a card you'll actually use, but the shopping cart trick is a terrible trick if its being done the myfico way.
FICO TU - 728 - 8/14

FICO EX - 716 - 7/14

FICO EQ - 740 - 7/14



Bank of America Cash Rewards - $2,400

Best Buy - $3,000

American Express Blue Cash Everyday - $8,000

American Express Everyday - $10,000

Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)

American Express Platinum - NPSL

Barclaycard Arrival+ - $3,000

Capital One Yamacard - $11,000



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