That Moment When...

For just about anything you want to get off your chest about credit cards.
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onion
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That Moment When...

Postby onion » Sun Aug 17, 2014 10:44 pm

That awesome moment when CreditKarma updates and your new cards finally report to TransUnion, resulting in a sweet score boost! Yeah, the missing accounts on my report resulted in a crappy score for a couple weeks. Still missing that Discover account, as well as two AmEx ones. Still, I'm a happy camper tonight.

Image
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


popamode72
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Postby popamode72 » Sun Aug 17, 2014 11:10 pm

Awesome man. I also got a big bump from 692 to 718, whatever that's worth. I remember starting out with 718 when I had just one card and then having the student loans added to my report really made my score take a huge hit down to a 637.

Funny thing is that I've had another loan added to my report recently and there was no change in my score. It says my VantageScore is a 739. Now if only my FICO score for TU was more like that. It's been fluctuating from the late 600s to early 700s.
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 » Sun Aug 17, 2014 11:16 pm

popamode72 wrote:Awesome man. I also got a big bump from 692 to 718, whatever that's worth. I remember starting out with 718 when I had just one card and then having the student loans added to my report really made my score take a huge hit down to a 637.

Funny thing is that I've had another loan added to my report recently and there was no change in my score. It says my VantageScore is a 739. Now if only my FICO score for TU was more like that. It's been fluctuating from the late 600s to early 700s.


Congrats! CK may not be perfectly accurate, but it does give a good idea of which way your score is going. This is the highest my CK has even been (usually in the 710s), so hopefully my TU FICO went up as well.

Just give it time. I'm not sure when your inquiries were, but some of those older ones should fall off soon and give you a nice bump in score. I started establishing credit at the exact same time as you (and funnily enough, I've got the same major), so I know how much of a ding inquiries can put on your score. For what it's worth, my vantage score is 789 now, but was 799 last week.
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

popamode72
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Location: Atlanta, GA

Postby popamode72 » Mon Aug 18, 2014 7:00 am

onion wrote:Congrats! CK may not be perfectly accurate, but it does give a good idea of which way your score is going. This is the highest my CK has even been (usually in the 710s), so hopefully my TU FICO went up as well.

Just give it time. I'm not sure when your inquiries were, but some of those older ones should fall off soon and give you a nice bump in score. I started establishing credit at the exact same time as you (and funnily enough, I've got the same major), so I know how much of a ding inquiries can put on your score. For what it's worth, my vantage score is 789 now, but was 799 last week.


I think a few of them are going to not be a factor in my score anymore after this September so I hope that makes an impact and some of my really old ones are set to come off next year as well. Hopefully with that out of the way and actually having a card with over a year's worth of solid credit history will be quite helpful in getting myself in the door with at least one of the CC companies that I've listed in my signature that I don't have a card with.

None of those cards have an annual fee but the Chase Freedom comes with pretty great 5% cashback rewards on gas and how they have that category twice in a year. Although I love my Discover card, I really like the fact Chase is able to do that so it would be a great compliment to Discover's cashback categories on top of being accepted by more merchants and companies since I'm assuming they're on the VISA network. The BOA Cash Rewards and Sallie Mae Mastercard also seem to have what I'm looking for, especially with their rewards as well. Currently am a BOA customer and have been so since last year and it's been my go to bank account by far.
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 18, 2014 2:11 pm

popamode72 wrote:I think a few of them are going to not be a factor in my score anymore after this September so I hope that makes an impact and some of my really old ones are set to come off next year as well. Hopefully with that out of the way and actually having a card with over a year's worth of solid credit history will be quite helpful in getting myself in the door with at least one of the CC companies that I've listed in my signature that I don't have a card with.

None of those cards have an annual fee but the Chase Freedom comes with pretty great 5% cashback rewards on gas and how they have that category twice in a year. Although I love my Discover card, I really like the fact Chase is able to do that so it would be a great compliment to Discover's cashback categories on top of being accepted by more merchants and companies since I'm assuming they're on the VISA network. The BOA Cash Rewards and Sallie Mae Mastercard also seem to have what I'm looking for, especially with their rewards as well. Currently am a BOA customer and have been so since last year and it's been my go to bank account by far.


Once those inquiries fall off, you really shouldn't have much of a problem with he Sallie Mae card or the Chase Freedom. The BoA card I've heard is pretty tricky to get, though. What you could do is get a BoA better balances and enjoy the $25 per quarter in rewards and use the Sallie Mae for 5% on gas and groceries, and then put everything else through the EveryDay for 1.2x MR points (typically valued at 2 cents each).
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

popamode72
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Postby popamode72 » Mon Aug 18, 2014 2:41 pm

onion wrote:Once those inquiries fall off, you really shouldn't have much of a problem with he Sallie Mae card or the Chase Freedom. The BoA card I've heard is pretty tricky to get, though. What you could do is get a BoA better balances and enjoy the $25 per quarter in rewards and use the Sallie Mae for 5% on gas and groceries, and then put everything else through the EveryDay for 1.2x MR points (typically valued at 2 cents each).


Alright. That makes sense. I'm wondering what I should say just in case they decide to decline me anyway and I try to do a recon.

I heard that Chase and Barclays are really good when it comes to overturning denials though I've also read stories from people who had to try to recon with Barclays like three times before they got a card approved with them. It's one of the reasons why I've been closing certain accounts I don't want to use anymore so I can make room for better cards. That's why I'm crossing my fingers that I might get lucky with CapOne like other people have with their sixth statements and get end up with a credit limit greater than 750 dollars. It's coming up next month for me.

Wells Fargo and the Chevron card I have are becoming more and more useless now that I have much better limit cards. I mean they were both useful at one point but it's amazing how much time changes things.
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)

popamode72
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Postby popamode72 » Mon Aug 18, 2014 3:39 pm

Now that I think about it, I wonder what the underwriting criteria for the no annual fee version of the Blue Cash Everyday card is? Just realized that card has 2% cashback on gas. It is similar to the Everyday card? If that's the case, I eventually want to be able to consider that card too a little bit before the annual fee for the Delta card kicks in. Maybe I can move most of the CL that I have with my Delta card over to that if I were to get approved for it next year as an alternative to just doing a product change to their no annual fee Hilton card and closing that card as long as they backdate it.
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 18, 2014 4:41 pm

popamode72 wrote:Alright. That makes sense. I'm wondering what I should say just in case they decide to decline me anyway and I try to do a recon.

I heard that Chase and Barclays are really good when it comes to overturning denials though I've also read stories from people who had to try to recon with Barclays like three times before they got a card approved with them. It's one of the reasons why I've been closing certain accounts I don't want to use anymore so I can make room for better cards. That's why I'm crossing my fingers that I might get lucky with CapOne like other people have with their sixth statements and get end up with a credit limit greater than 750 dollars. It's coming up next month for me.

Wells Fargo and the Chevron card I have are becoming more and more useless now that I have much better limit cards. I mean they were both useful at one point but it's amazing how much time changes things.


Barclays is very willing to recon. Chase, at least in my case, is not and refused to grant me even $500 with perfect 10 month history on two cards. Even if Cap One doesn't increase your limit, you're not missing out on much, they really aren't a lender you'll want to stay with.

I know what you mean, I have a $500 secured BoA card and was so happy when I got a $200 auto cli, and then ecstatic when I got a second $200 auto cli. Now I couldn't care less and I'm just sitting here with a $10k line on a single card.
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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onion
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Postby onion » Mon Aug 18, 2014 4:47 pm

popamode72 wrote:Now that I think about it, I wonder what the underwriting criteria for the no annual fee version of the Blue Cash Everyday card is? Just realized that card has 2% cashback on gas. It is similar to the Everyday card? If that's the case, I eventually want to be able to consider that card too a little bit before the annual fee for the Delta card kicks in. Maybe I can move most of the CL that I have with my Delta card over to that if I were to get approved for it next year as an alternative to just doing a product change to their no annual fee Hilton card and closing that card as long as they backdate it.


The Blue Cash Everyday is the no fee version, and the Blue Cash Preferred is the one with the annual fee. The BCE gives you 3% on groceries, 2% on gas, 2% on department stores, and 1% on everything else. The BCP gives you 6% on groceries, 3% on gas, 3% on department stores, and 1% on everything else. Depending on your level of spending, it MAY be worth it, but the Sallie Mae card gets you 5% on groceries and an extra 2% on gas... For free! Also, you get 5% at bookstores with the Sallie Mae, and Amazon qualifies as a book store which is great. Personally, I like the Everyday card because I travel a lot and can get a minimum of 2 cents per MR point when I cash them in. 2.4x MR points comes out to at least 4.8 cents on my groceries, and 1.2x MR points on everything else comes out to 2.4 cents on stuff where people would usually just be getting 1% (misc purchases).

I have recently read some stuff about the Delta card not being able to be PCed, and AmEx not being willing to move CLs around if the account is younger than a year, so definitely do some research on that before you start applying.

I'm very happy with my set of cards right now. The only change I'm making is converting the BoA cash rewards card, which I only use for gas, to a Better Balance rewards card and get $120 a year for just making a purchase a month and paying it off. I'll put my spend on the Blue Cash card and get 2% on gas and give the Discover some love (2% on gas as well) since its just been sitting around. My fiancee just apped for the Sallie Mae card, so if we end up getting that, I'll definitely have to change my spending patterns. I'm not even going to bother using my new Arrival Plus, I'm just gonna churn it for that $3k spend and keep reaping rewards on my regular purchases.
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

popamode72
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Postby popamode72 » Mon Aug 18, 2014 5:01 pm

I'm pretty fortunate that I never had to start out with one of CapOne's annual fee cards and started out with their college card instead. I've heard so many horror stories about them taking forever just to raise a limit no matter how long the card may have been opened and it always seems to be with the crappy rebuilder cards they offer. With mine, payments post onto the account like the next day as long as I make a payment before 5 PM and the 1.5% cashback on everything is pretty decent coming from a company like them IMO and even better than what Wells Fargo offers with their college cards and plus no annual fee. So I haven't had any bad experiences with CapOne yet. The rewards don't even take too long to post either from personal experience.
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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