Need Feedback

For just about anything you want to get off your chest about credit cards.
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gregshelley@scrtc.com
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Need Feedback

Postby gregshelley@scrtc.com » Mon Oct 19, 2015 8:20 pm

I need some feedback Guys. I value you guys feedback since I am new to this credit business. Some of you have read my previous post, and know some of my history and situation. I have 5 credit cards that I have got in the last 4 months, oldest was Discover (July 29th) newest Cap one Quicksilver (Sep. 5th) I know I am risking getting raked over the coals here, but maybe that is what I need, please give me honest feedback. I checked my Fico scores today on creditscores.com ( an Experian site I think) they are suppose to be FICO 6 scores from all three Bureaus. I had a 704-Experian, 736-Equifax, and 756-Trans union. I know my history is short and I have several inquires, but I want a Marriott Rewards Premier card, and am thinking about applying. How much does the scores mean to the creditors compared to the other info? I have a Chase Slate (3 months) and a Chase Freedom (1 month) always PIF and 2% utilization. So what are my Chances just based on my Fico scores of approval?
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K


ingramjuan
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Re: Need Feedback

Postby ingramjuan » Mon Oct 19, 2015 8:38 pm

gregshelley@scrtc.com wrote:I have 5 credit cards that I have got in the last 4 months, oldest was Discover (July 29th) newest Cap one Quicksilver (Sep. 5th)


My suggestion would be to give your credit a break. Although you have a nice CS, I think a 6 to 8 month cooling period would be great for you. Although I am very interested in what happens. I also play it a little safer and make sure I need a card
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

gregshelley@scrtc.com
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Re: Need Feedback

Postby gregshelley@scrtc.com » Mon Oct 19, 2015 8:41 pm

ingramjuan wrote:
gregshelley@scrtc.com wrote:I have 5 credit cards that I have got in the last 4 months, oldest was Discover (July 29th) newest Cap one Quicksilver (Sep. 5th)


My suggestion would be to give your credit a break. Although you have a nice CS, I think a 6 to 8 month cooling period would be great for you. Although I am very interested in what happens. I also play it a little safer and make sure I need a card


Thanks, I know I am impatient, I know if I wait 6 months or so and pif, and keep UT low my scores should go up even more. I have one inquiry that drops off next month.
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K

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CarefulBuilder14
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Re: Need Feedback

Postby CarefulBuilder14 » Mon Oct 19, 2015 10:03 pm

How much of the $18k remains?

Get rid of it. Abolish it. Remove it. Expunge it. Eliminate it! Eradicate it! Exterminate it!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

gregshelley@scrtc.com
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Re: Need Feedback

Postby gregshelley@scrtc.com » Mon Oct 19, 2015 10:04 pm

CarefulBuilder14 wrote:How much of the $18k remains?

Get rid of it. Abolish it. Remove it. Expunge it. Eliminate it! Eradicate it! Exterminate it!



LOL...You are absolutely right...as usual.
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K

Vermonster
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Re: Need Feedback

Postby Vermonster » Tue Oct 20, 2015 8:28 am

Join the Garden club. You will see more benefits from gardening than you will from that new card.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

gregshelley@scrtc.com
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Re: Need Feedback

Postby gregshelley@scrtc.com » Tue Oct 20, 2015 11:25 am

Well, I am hard-headed, & sometimes you just have to go with a gut feeling. I applied for the Marriott Rewards Premier card this morning before I went to work, they replied that they would have to review it further and would mail me their decision in 30 days. I called when I came in for lunch earlier the automated line and checked the status, and it said it was under review. I started looking at post on this forum site and saw where some had called a back-door recon line, so I did the same and asked the status of my application. I had a very nice lady that first answered the phone and said she would check on it, then she connected me with another very nice lady who verified some info and said I was Approved for the card with a $5k CL. Now, I am not looking for any other cards, I am going to use it to get my sign-up bonus so we can use the points, and I am going to plant my cards and garden as you say, only using the other ones enough to keep them active. But most importantly now, I am going to help my Wife get her CC debt taken care of by putting every resource we have to use, she gives Piano lessons for some extra cash, and I have a few options at some extra income also. Thanks guys
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K

Kevin86475391
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Re: Need Feedback

Postby Kevin86475391 » Tue Oct 20, 2015 12:57 pm

My advice also would have been to wait and garden, but I'm glad you got it and completed your credit card goals. I know it can be hard to wait when you're eager for a particular card, so perhaps it'll ultimately be for the best that you pulled the trigger and got it out of your system so that you can now focus on gardening and building your history. Congrats on the new card!

LOL, now get to gardening! :D

gregshelley@scrtc.com
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Location: Kentucky

Re: Need Feedback

Postby gregshelley@scrtc.com » Tue Oct 20, 2015 1:02 pm

Kevin86475391 wrote:My advice also would have been to wait and garden, but I'm glad you got it and completed your credit card goals. I know it can be hard to wait when you're eager for a particular card, so perhaps it'll ultimately be for the best that you pulled the trigger and got it out of your system so that you can now focus on gardening and building your history. Congrats on the new card!

LOL, now get to gardening! :D


Thanks Kevin...You are right...LOL, I was chomping at the bit to get that Card, just a good fit for me, now it feels like the pressure is gone. Yes, now seeds are planted and ready to grow.
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K

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CarefulBuilder14
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Re: Need Feedback

Postby CarefulBuilder14 » Tue Oct 20, 2015 1:35 pm

What signup bonus terms did you get, as far as:
1. Marriott points
2. A statement credit
3. 3-month minimum spending for the bonus
4. First-year AF waived or not?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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