HELLO EVERYONE, JUST THOUGH I WOULD SHARE MY CREDIT SUCCESS. I RECEIVED AN INVITATION IN THE MAIL TO UPGRADE FROM THE STANDARD USAA MC TO THE GOLD CARD. I CALLED THE REP AND ASKED HER WHAT CREDIT LIMIT AM I ABLE TO APPLY FOR WITHOUT AN INQUIRY. SHE RAISED MY LIMIT TO $8200 AND UPGRADED ME TO PLATINUM. WOO HOO SO HERE IS CURRENT OUTLOOK OF MY CREDIT PORTFOLIO: ACCOUNT OPENED LIMIT MILITARY CC NOV 1996 $1000 USAA APR 2000 $8200 TARGET JUN 2000 $300 VISA JUN 2000 $750 CHEVRON JULY 2000 $400 CAR LOAN AUG 2000 $19K DISCOVER AUG 2000 $1000 CITI OCT 2000 $1800 CITI FEB 2001 $4000 GM CARD APR 2001 $1800 BEST BUY APR 2000 $1100 MACYS APR 2000 $1000 AMEX MAY 2001 CHARGE I AM GOING TO COMBINE THE CITI'S INTO ONE ACCOUNT, CLOSE THE BEST BUY, CLOSE THE GM CARD, AND CLOSE THE DISCOVER. DOES ANY ONE HAVE ANY ADVICE ON WHAT OTHER ACCOUNTS SHOULD BE CLOSED TO MAINTAIN AN OPTIMAL CREDIT PORTFOLIO? THE ACCOUNTS THAT ARE CLOSE TO THE YEAR MARK, I WOULD LIKE TO AGE THOSE AND GAIN MORE CREDIT HISTORY. NONE OF MY ACCOUNTS HAVE ANY LATES, OR NEGATIVE HISTORY ON MY CREDIT REPORT. HOWEVER, I STILL HAVE A PAID COLLECTION FROM 1995 ON EXPERIAN AND TRANSUNION. AND CHASE DENIED ME A CLASSIC CARD BECAUSE OF THE PAID COLLECTION. SEE YA CHASE. THANKS FOR THE INFO,
Re: Smart Plan! Reshod, You're doing a great job with your credit. The plan you've come up with sounds good. Keep dancing! Donna
I would use 2.9% balance transfer offer from GM and pay whatever you might owe. I would dump Target, Chevron, Best Buy, and Macy's. You didn't mention interest rates, but USAA is a very excellent low APR to have, besides it's excepted at above mentioned places. All accounts are fairly new, and in time they will age. I would keep Discover also and pay in full every month on it. When you first start out establishing credit, you take what you can get. Who needs 200 - 300 - 400 - limit cards when you have 1 strong Platinum card with 8.2k limit.
THANKS EVERYONE FOR YOUR INSIGHT. I THINK THAT I WILL TAKE ALL OF YOUR ADVICE AND CLOSE DISCOVER, CLOSE BEST BUY, CLOSE TARGET, CLOSE CHEVRON, AND COMBINE ALL THREE OF MY CITIBANKS INTO ONE. THIS SHOULD RELIEVE ME OF THE RECENT NEW ACOUNTS AND LOWERS MY DEBT RATIO TO UNDER 30% THANKS,
Did somebody PLAGIARIZE me? CAPS RULE.. What is??? ----------------------------- OUIT SHOUTING!!! ---------------------------
Sorry George, I was just trying to be like YOU. I want 100K in credit!!! Only to be turned down by Target and other lonely credit card companys. I am inspired by your aggressive tactics George, so teach me more.
I can't even get a "PRE-APPROVED" AMEX CASH-BACK PLAT CARD... AMEX BLUE WILL BE PAID OFF JULY 1, 2001 ~ 7.90% BALANCE TRANSFER...maybe they will send me the PLAT CASH BACK CARD THEN??? I even told them my INTENTIONS for closing DISCOVERCARD and FIRST USA...
Well when you get it on 1 July, ensure that you add MP and myself on as AU's. We will ensure that you get the cash back that you deserve.
I DON'T EXPECT ANYTHING FROM AMEX ON JULY 1, 2001 OR ANY TIME AFTER, EXCEPT THAT I CAN APPLY FOR THE CASH BACK CARD AGAIN AND BE DENIED...AND I CAN APPLY FOR ANOTHER BLUE TO "SEE" IF THAT ONE GETS 10.99% INSTEAD OF THE CURRENT 12.99%...AND I CAN "APPLY" FOR A CREDIT LINE INCREASE ON BLUE...AND BE DENIED... I think my account is FLAGGED for "perfect paying customer...BUT DON'T GIVE HIM ANYTHING HE WANTS OR ASKS FOR"...