jeffreyw wrote:I respectfully disagree. If I were a mortgage broker studying someone's credit report, I would think more highly of seeing a Tiffany's or Polo credit card than I would over discount stores.
Sorry to burst your bubble, but Ralph Lauren doesn't offer a credit card. There are gift cards one can purchase, but no credit card is listed on their website. Same thing for Tiffany & Co. They don't offer a credit card. Dior? Nada. Higher end stores don't even offer credit cards. Lord & Taylor does, and it's provided by GE. Saks Fifth Avenue is provided by Capital One. Others will have a similar association. AND on your credit report, it will display under GE...or Capital One...or whomever is the force behind the card. Just like with Home Depot and Lowes (and Home Depot doesn't even show it's name -- appears as CITI/THD).
And as the others have said, an underwriter wouldn't be impressed. It's not their job to be impressed by what's on the report. It's their job to crunch the numbers and see if they can make it work. About the only thing that these high enders would do perhaps, is raise an eyebrow as to the applicant living beyond their means, which would likely raise some red flags.
Not meaning to be harsh at all....simply a reality check.