BK finally gone, 10 long years.. now want a high limit rewards

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BK finally gone, 10 long years.. now want a high limit rewards

Postby ejcred » Sat Aug 10, 2013 1:54 pm

Just ran my credit report and shockingly my BK chp7 is gone. I was expecting it to fall in Dec but its gone :)

I rebuilt my credit over the last 10 years, currently have two mortgages, two car loans and a few credit cards but my issue is now is the credit cards. I feel that the BK has always held me back from the excellent credit rating cards.

I owe about 10k on the cards and they are about 80% utilized, and I pay the off monthly but it still reports this way so my plan is to pay them off right now and when they report at the end of the month it will show zero to low utilization.. which should blast me to about 750's im thinking.

just going over some excellent reward cards i want to consider I'm wondering what is required for the BK since it is no longer around. I'm sure they will ask on their applications but since it was over ten years ago it is forgotten correct?

which is the best rewards card i can get that has a high limit? my current rewards card is $5k and that gets used up quickly each month.

I have two Cap1 cards at a total of 7500.00 limit. i was thinking of applying for their quicksilver and then closing the two and adding the credit line to the quicksilver.. does that work like that? my only doubt on this is my 8year history with both cards. closing them might hurt thecredit score a little..


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Postby MemberSince99 » Tue Aug 13, 2013 12:30 pm

Cap one is subject to do what they please - some they decline some they approve when asked to move a line like that. The front line CSRs will surely tell you NO you will have to go the Executive Office to get it done most likely.

And as far as high limit, well stay away from Discover if your score is about 750, you'll probably get 2 or 3k. Any other lender may give you a higher limit.

Personally I've found that it's always YMMV - none of us can honestly give you a reliable indication of which lender will give you a "high" limit. You simply have to apply and find that out.

Even if I tell you oh Associated gave me over 20k, that doesn't mean they will give you that.

Lenders (prime) that are known to be generous over time are BofA and Citi. Amex can be, or you can build it over time pretty easily as well. Discover is known to be skinflints to people with good credit. Cap One is likewise not known for their massive limits.

Anything else is just how they see you and I can't predict that as I don't know your full profile or what they look for so I do not have sufficient knowledge to tell you that (nor will most on here).

Good luck.

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Postby Midori » Tue Aug 13, 2013 2:43 pm

I'd heard that you can only have two Capital One cards at any time, unless one of the cards is a cobranded card? If that's the case, you might consider merging the two cards you already have into one card, if neither of them is a cobranded card, and then applying for the Quicksilver. Otherwise, if neither of the two cards you have is cobranded, and neither has a fee, you might keep them both around for their age, and look in a different credit card family for a new rewards card.

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