I got an offer of up to $35K. It was an offer on a business account. DBA, you know. I have been getting them right and left here, lately. I guess my credit is improving? I even got a few offers for American Express. I hear that if you ever default with them, you might as well, kiss your chances of EVER having credit with them again, good-bye. At any rate, I have just been tearing them up and throwing them in the trash because I am scared to apply for new credit due to applying for a "move-up" home mortgage in July/August. I don't have very many cards. Should I consider?
I already had 2 cap1 cards; a 4.3k silver mc and a 3.2k gold visa. I had the mc for 5 yrs, and the gold for 3. then i finally got an offer for a platinum mc for up to 5k. I applied and got 5k. it's not the shiny lettered one, just dull gray and white. I also didnt read the fine print that said $6 monthly fee ($72/yr). I pfb'd Mr Cooke who waved the fee for life, and combined my other 2 cards and waved fees for life on those. So now I have: Gold MC 7.5k @12.9% Plat MC 5k @14.9%, 0% for 6 months. I have $0 balance on both and don't use them, but they're nice to have.
Nice Guy: I had a choice of several designs. I choose the glow-in the -dark. I think it works best to pay the balance anduse it often. I have 2 Cap one cards and have carried a balance and can't get above $1000.00 on the classic even after 23 months. Ozzi: They pulled TU and Experian. No equifax.
Pulling 2 bureaus sucks, imho. I made a dumb move in December and applied for and got Providian - for a Providian card, they pulled 2 reports - FOR PROVIDIAN! Sorry, but pulling 2 reports for a subprime card strikes me as overkill.... and for a $2,000 cl to boot. Seems like if anyone would or should pull 2 reports it would be for a high cl - and not for a dinky subprime card. I have no problems with Cap 1 - good interest rate (was 9.94 but now is 10.04 - didn't realize it was variable), gave me 2 cl increases in the last year, but getting dinged with 2 inquiries seriously deters me from applying for another card with them. Maybe I'm just overly conscious of inquiries....I went down 40 plus points for 4 Citi and 1 Sears inquiry Ozzy.
