Then and Now.

A place to discuss anything... except credit cards!
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djrez4
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Then and Now.

Postby djrez4 » Tue Jan 21, 2014 2:30 pm

I was searching for a specific post I made a while back and ended up finding my very first thread on this forum, posted July 31, 2012. Pretty astonishing how far things have come.

I started here: http://creditcardforum.com/general-credit-card-talk/5127-zen-being-approved.html

I can now get approved for almost anything I want at the lowest rate offered. Much credit (pun intended) is due to this and other internet forums.

Let's turn this into a credit then and now thread. Where'd you start? Where are you now?
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]


MemberSince99
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Postby MemberSince99 » Tue Jan 21, 2014 3:55 pm

Wow what a journey you've had. It sounds a lot like mine as I burned some creditors in the past as well (Amex, Chase, etc). Almost unbelievably, I currently have cards with some of those I've burned, as well as others I have not burned.
I don't remember my first card, I seem to recall it may have been a Sears card in the 80s. In the 90s which I remember better I got the big names - Chase, Discover, Amex. I managed to burn each of those not on purpose but no one cares if you were malicious or not, only whether they got paid, understandably.


After burning them, I never bothered to find out what my score was, but it had to be 400s, 500s tops. I will never know at this point since I never checked it then. After all the baddies fell off, I had only my student loans and a car payment reporting. The car loan had a 60 late (which has long since fallen off today). Even so, my scores then were 727-742. (A baddie that is old enough will ding you but not as much as you'd think after so many years).
I remember I applied for and got a new auto loan with those scores, then applied for a Cap One 500 limit card and got instant approval on that. I was shocked to get it since for so many years I was used to instant declines. But that time without credit really taught me discipline, and now I treat all my credit cards as a debit card because I got into the habit of having only debit for many years. So in the long run it was a plus.


Now my current scores are in my signature, they are current as of today. I typically get approved for what I applied for, my last decline for a card was by US Bank last summer for their travel card, which they declined me for my address not being a residence. But typically I get approved and usually for the best terms as well now. The Duck card was not best terms, but the Arrival, Citi and Chase Freedom I just got all are. (Not sure what you need to get best terms on the Duck).


So I guess I'm at the same place. I appreciate having good credit now and I take care of it. My hopeful payoff for that is a mortgage this year. That's what I'm shooting for.


Glad you shared your story!

whit
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Postby whit » Tue Jan 21, 2014 8:35 pm

chase has never been big for me not until a few years ago when it took out wamu, which was pretty big, but I still didn't have an account with them

My journey so far is short and sweet, got started with a bank with my parents, my mom specifically, but I decided to take my biz elsewhere because there was no interest, and it was kind of in Stone Age with internet access, much less mobile features (there are none, though they did get brought out, which was about the time I switched)

My first credit card is citi, and I have grown it to double digits since. Added an Amex in there (the citi is a MasterCard but noob that I am, I pretty much view MasterCard and visa as about same in terms of acceptance)

And recently have added discover

MemberSince99
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Postby MemberSince99 » Tue Jan 21, 2014 9:02 pm

Sounds like you are making great progress on your journey

whit
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Postby whit » Tue Jan 21, 2014 9:19 pm

I'm OK :)

I don't really do much to maximize my cashback, in terms of opening diff cards, I depend more on ebates and such.

I just am a little lazy that way

I probably would end up opening a few more cards down the line, but am happy with what I have now

samhradh
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Postby samhradh » Wed Jan 22, 2014 8:09 am

My sophomore year of high school I went away to boarding school and was put on my mother's card as an AU.

Then, when I was in college, my Mother started mentioning to me that I should apply for my own credit card. I decided it would make the most sense to apply my senior year, in anticipation of graduation. After doing a lot of research I applied for the Citi Forward for Students and was given a "More consideration" notice. So, the next day, I went to BB&T (where I had a bank account) and opened a basic personal credit card ($500 limit).

Shortly thereafter I got my Forward in the mail ($2000 limit). I have kept the Forward and it's grown with me when I've asked for CLI. I cancelled the BB&T to focus on rewards earning cards and now I am very happy with my wallet. I got my first annual fee card this month and will now focus on managing one AF card before adding any more. AFAIK I just need to put $4000 in spend through the Arrival to negate the AF. The only card I've been turned down for was an LL Bean Visa. I applied because I wanted free monogramming but was not approved. I think it's because I was unemployed and earning very little.

I consider myself very lucky to have a clean and happy history and hope to pass that experience on to my friends, family, and internet anons!
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).



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