The world of high finance (and responsibility) is good!

For just about anything you want to get off your chest about credit cards.
6 posts
mathman314
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Location: Texas

The world of high finance (and responsibility) is good!

Postby mathman314 » Thu Dec 18, 2014 2:54 pm

I must be having a stroke of good luck lately in terms of my cards.
I got a:
  • 1000 CLI on my Freedom (70% increase) like 10 min ago.
  • 1500 CLI on my 1FBUSA back in August
  • TU FICO is 759 (determined by Discover)
To add to my excitement, I'm only 21 years young and only started credit back in either 2012 or 2013. Lately, I seem to be getting approved for everything :D
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)


popamode72
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Location: Atlanta, GA

Postby popamode72 » Thu Dec 18, 2014 3:16 pm

You're doing pretty great by what I can tell. I'm only 20 and started building credit last year in September 2013 when I was 19 and I can't believe that I've come this far in such a short time either though I still have mixed feelings about not starting sooner than that.

How long have you had your Freedom?
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)

mathman314
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Location: Texas

Postby mathman314 » Thu Dec 18, 2014 3:27 pm

popamode72 wrote:You're doing pretty great by what I can tell. I'm only 20 and started building credit last year in September 2013 when I was 19 and I can't believe that I've come this far in such a short time either though I still have mixed feelings about not starting sooner than that.

How long have you had your Freedom?


I've had my Freedom since the beginning of the year and yeah I get what you mean about wanting to start sooner. I remember pleaing my parents to be an AU on some of their cards but now knowing where I am now, I'm glad they didn't say yes as I built my profile from the ground up myself (self satisfaction thing).

And jfc...I can't believe you have all those cards, let alone your total limit and you just started last year
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)

popamode72
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Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Thu Dec 18, 2014 3:50 pm

mathman314 wrote:I've had my Freedom since the beginning of the year and yeah I get what you mean about wanting to start sooner. I remember pleaing my parents to be an AU on some of their cards but now knowing where I am now, I'm glad they didn't say yes as I built my profile from the ground up myself (self satisfaction thing).

And jfc...I can't believe you have all those cards, let alone your total limit and you just started last year


Without the hidden TLs included in there, I have about 41K in total credit, which is actually above what I always put as my income. I'd say my experience has been largely trial and error, and trust me, I made plenty of mistakes earlier on in my credit building like getting too many store cards (that most of which I ended up closing months later and also around the time I really started to post over at MyFico) after my FICO score started to generate, so that kind of made it a pain for me to get in with Chase and Barclays for a while. I've been heavily inspired by how my parents have had bad credit and how much trouble it was for them to not have good credit at all.

I still regret that somewhat and I also started out with a college version of the Citi Forward card last year with a starting limit of 1K, got in with CapOne and Discover with 6 months of history, Amex with 9 months, Chase with 11 months and Barclays and Bank of America at around 12-13 months. I'd say Chase and Amex have been the most generous with me out of all of them especially with being able to get other cards with them.

The other prime lender I don't really have anything with would be US Bank and I did have a Wells Fargo College Cash Back card I closed a few months ago. I'm just that kind of person that likes having a lot of options out there and having relationships with different lenders especially in case one of them decides to screw me over for something. Others feel more content with having just a few lenders to keep track of and I completely understand that perspective too.

All the major cards I have (save for the Ritz Carlton which I got approved for yesterday) are either in my wallet or in my drawer so I'm not kidding there at all.
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)

ingramjuan
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Location: EARTH

Postby ingramjuan » Thu Dec 18, 2014 9:07 pm

This sounds great for your age as well as a few other threads I have seen within this post. I would suggest taken a 6 to 9 month break before you apply for any other cards to maintain a good credit score / profile. However, what will be the next card you would like to have in your wallet?
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

mathman314
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Posts: 54
Joined: Mon Dec 23, 2013 2:42 pm
Location: Texas

Postby mathman314 » Fri Dec 19, 2014 4:34 pm

Thank you sir, I pride myself on responsibility and what better way to reflect it, fiscally, than through your credit score haha!! I don't think waiting to apply for another card will be a problem as I've built up my payment arsenal. Freedom is my everyday card Discover is never never used, it's just for the FICO to be completely honest and for small purchases. Target is used for the extra 5% off (that with my mom's employee discount of 10% helps) and my 1FBUSA is the card I put Netflix on and late-night deliveries thru Jimmy Johns. That being said, I think I have all my bases covered right now. As for my next card, I'm thinking of the CSP. I don't spend enough to make the AF worth it (I don't think); however, I project to get the sign-on bonus and PC it to the regular Sapphire when the AF hits.
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)



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