My Sears card is now a MasterCard, so I assume it doesn't count as a store card. As long as I never "max" Wal*Mart I should be fine--it's probably double or triple the rest of my store cards combined!
Re: Re: How many cards do you have? I still have not been asked to take the SEARS M/C... They were sending some cards to people and CLOSING their store cards...others they ASKED if they wanted the M/C by US MAIL...then there is me...NOTHING!!! SEARS CARDHOLDER SINCE 1979 I was waiting for some OFFER...because some have reported that they were offered 20 times their limit!!! That would be nice!!!! SEARS M/C CREDIT LIMIT $100,000+
One thing I've noticed is that retail cards often survive bankruptcies. The limits are low, you can't get in trouble, and if you keep making the payments, you don't have to include them in your bankruptcy. They usually aren't too aggressive about repricing or closing accounts, so you can bring a normal account through your bankruptcy. That gives you a head start on rebuilding your credit history.
Speaking of maxing out a card....I charged my Target guestcard to it's $200 max (gotten prior to all this new prime credit and no cl increase yet!) so that it would report $200 high balance to stop skewing my fico if I charged $60 of $60 (am I making sense?) I wanted to pay the balance before the cycle so the balance would still say zero on my cr, but it didn't post in time so my score drops because it's 200 of 200. Can't win for losing!
Re: Re: Re: Re: Re: Re: Re: Re: Re: How many ca Will why did they deny you originally and what did you say to get them to reconsider? LB....that was funny, I just now got it.
Re: Re: Re: Re: Re: Re: Re: Re: Re: How many ca Nothing amy I called they said it was denied and then showed up in the mail 0% for 6 months fixed 7.9 %%%%%%%%
Re: Re: How many cards do you have? I now Have the BofA and USAA Card BofA Gold 3800 LOC USAA PLAT 7000 LOC
Amy B, I think you lucked out. One statement had to show $200 for your plan to work. It might as well be the first one.
Will, you must have the magic touch or somethin!! Rich.....actually not really. If I understand what you are saying. I have charged up and paid down a card before and the cr said high balance was what I had charged up to, but balance was showing the current balance (under 50%) voila.
