- Centurion Member
- Posts: 532
- Joined: Thu Jan 17, 2013 7:20 pm
- Location: United States
OK people, I need some advice from those who do apps a lot.
Over the last 30 days, I've gone from a static credit experience to a rapidly changing one. I began with a clean credit sheet with no baddies but with a real ratio problem (95% utilization). Through a couple of awesome CLIs, I've gone from 95% to 65% pretty quickly and a total CL now at $45K having begun at $26K for only two cards.
Then I added the Penfed PRV card. This card will decrease my ratio again to about 50%. But it hasn't hit the credit reports yet and I'm wondering whether or not I should make my next move before that happens.
The Penfed PRV card will change my ratio, but it will also change my AAoA downward. Right now it's about 8 years and 2 months with the oldest account being 24 years, 11 months. According to the score number simulators, they estimate my score may decrease..., even though my total CL will jump to $73K. EQ estimates my score may change from +3 to -15 (but I can only simulate a $20K CL increase there). Fico is showing a +/-10 point change, so likely not much of a change with them.
Right now, my EQ score is 757. The EQ Fico is 732. TU and EX are 750 & 749, respectively (not FICO). No baddies. 1 Inquiries on EQ, 1 on EX, none on TU in the last year. If my ratios were below 30%, my scores would skyrocket.
My next conquest is the Fidelity Amex. Honestly, I'm not too worried about being turned down. What I really want is a entry CL that matches the other cards. The smallest is the BofA Cash Rewards at $20K. Then comes the Chase Freedom at $25K. The Penfed is $28K, but again, it hasn't hit the credit reports yet.
Do you think that Fidelity will give me more CL if it sees the Penfed on the report, or will the potential lower scores downplay that consideration, making a application now be more prudent?
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)