Is This Normal?

For just about anything you want to get off your chest about credit cards.
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darklord3421
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Is This Normal?

Postby darklord3421 » Sun Feb 23, 2014 2:24 am

Ok guys first i been reading a lot in here but i never post some background im 21years old, 7 months ago i apply for my 1 first credit card its was a secured card from wells fargo for 400 limit i dint know a thing about credit and for the first 5 months i use the whole 400 but always pay it in full no late payment or nothing so 2 month ago i apply for capital one students and the platinum they both gave me 500 limit total 1000.this month against everything i have read here i apply for the discover it, the freedom and the amex chash everyday in the same day and they all approve me discover for 1500 freedom for 2200 and amex for 2000 i was super excited the only one that gave me a problem was the discover they call me to verified some stuff but the other 2 just gave me a instant approval ,and now my question is that normal cause it goes against everything i have read here and the only thing i had on my credit was the secured card and a 1000 $ secured loan are cards getting easy to get or i just got lucky? has of now my kredit karma says i have 726 i know is no reliable but just to give u a idea


tigerowl06
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Postby tigerowl06 » Sun Feb 23, 2014 11:28 am

"Normal" changes from year to year. Normal for 2009? Nope, but this may be normal for 2013-2014. I went from having 2.5K as my highest limit to 19.5K in 2013. Congratulations on your approvals! That's valuable information for the forum. What did you report as income?

Since you got all of these cards so close together, you may consider closing the secured card if you haven't already. It's of no value to you, obviously.

Oh by the way, good choices on that last round of apps ;)
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

MemberSince99
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Postby MemberSince99 » Sun Feb 23, 2014 11:35 am

For now it's "normal". 6 months good history will get you prime cards these days. Will this always be the case? Probably not. The getting is good now, so get in now. Eventually when the economy melts down again, and it will be it over our rising never ending debt, the impending student loan debacle, a new war, or whatever the cause may be, I'm sure they will tighten things up. We just don't know when it will happen but it's bound to at some point. But right now, it's as good as it's been in many years, clearly, in terms of credit cards.

darklord3421
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Postby darklord3421 » Sun Feb 23, 2014 1:29 pm

yea i close my secured and in my income i put 38,000 after tax

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JMR
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Postby JMR » Sun Feb 23, 2014 2:26 pm

Hopefully nothing bad happens for the next 6 months so I can be approved easily. Congrats on your new cards!
Citi AAdvantage Platinum Select- $5000 (3/15)
American Express Gold- NPSL (3/15)
Chase Freedom- $1200 (3/15)
Nordstrom- $1500 (9/14)
Discover IT- $1000 (2/14)

TCL: $8700

FICO (TU)- 716 (3/15)

darklord3421
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Postby darklord3421 » Thu Feb 27, 2014 3:52 pm

Thank you well it seems they are getting easy i think thats all the cards im going to have for a couple of years cause besides the ones i have i dont see any other that i like.



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