- Centurion Member
- Posts: 630
- Joined: Thu May 10, 2012 10:10 pm
- Location: North Los Angeles County
When I started my journey on this forum a little over a year ago, I had no Idea how credit worked or even what was required to have a good score. Since then, I have been able to learn a lot about credit in general, and thanks to this forum, my credit is in pretty good shape.
Now that I have passed over the year mark, I have been fortunate enough to be approved for some very good cards and I am planning to apply for 3-4 more in the upcoming months, and then let my accounts age for a while.
I really do want the Marriott Premier and BCE as my next 2 cards and in the future I want to get the CSP and AAdvantage card (I fly Southwest and American quite a bit, along with Delta.) I'm also going to be able to get more hours in another store I work at, which will raise what I currently make from 12k to 18k (I'm also looking to be hired at a restaurant of a family friend as a manager, and pull in about 30k, but that will be sometime next year If I do get hired.) Based on my current income rising this year, would I qualify for the 2 cards I mentioned? I currently don't have rent or any major bills. All I have is credit cards, phone, gas, school and books, and food to pay for. Or would I have a better chance if I get the manager job? Should I apply for both or just one? I currently have about 10k in credit, and I will ask for a CLI when I apply in December. I currently have 6 INQ's on EX, 3 on TU, and 2 on EQ, and all my cards are located in my signature.
I also plan to save much of my money at this point in my life and invest it in Real Estate in a few years (specifically commercial real estate and maybe apartments and condo's and the like. I know it takes a lot of money, but giving it a few years with enough money saved up+ my credit being good will hopefully make it easier to invest and get a loan if need be. Start small, and hopefully become successful over time. Maybe Fast can chime in on how to start and be successful?.) I also want to be in Law Enforcement and am working on getting in shape as well, so I'm hoping if I'm successful in investing in Real Estate and have enough residual income, I would be able to pursue that or any other business I would be interested in. I'm only 20, so I still have a good amount of time to start and be able to recover from trouble if it ever arises, or make mistakes and not be in to much trouble. I also have an IRA set up with Fidelity with about 100$ in there at the moment, and have checking and savings with both Chase and Bank of America.
Anyways, I just want to thank you guys on this forum for answering any and all questions I have had over the course of the last year, and I want to thank you for reading this pretty long post. If there is anything I did not address or if there are plenty of things wrong with my plan, tell me before I make any major mistakes or do something I would regret later on.
Thank you for reading this post,
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.