Got my credit steps letter!

Jul 072010
 

Hey guys! I had no idea about Credit Steps with CapOne until you all mentioned it here. I made a mental note to call this week to see if I qualified, when lo and behold….I got the letter today! With 90 days of good use, my credit limit will go from $500 to $750!

So I go to buy pizza with my CapOne today….

Mar 072010
 

The pizza delivery place took my order and I go to use a CapOne. I read off the account number and expiration and they then ask for the last 3 digits on the back. I flipped the card over and noticed my CapOne only had 2 digits to the right of the signature panel vs. the 3. The pizza place said they can’t process my CC without the remaining digits and had to use another card. Seems like if I recall correctly, I have one other card in my portfolio that has no digits to the right of the siggy panel. Is this common? Does it happen to you guys too? I don’t to ask for new cards just in case they reissue it and report a new TL.

Should I apply for multiple cards or just one every so often?

Mar 012010
 

Hi all!

 

Like most I get sucked into the wealth of knowledge here on the forums but I can’t seem to find any recent information on my quandary.

 

I’ve been able to slowly increase my scores over the last year and a half, but I’m not sure how much additional credit I should apply for.  My credit report card from creditkarma gives me all A’s and B’s in all categories except credit inquiries "C" (for 3 inq’s in 2 years) and a big fat "F" for total accounts. 

 

Until this past weekend I only had two open CC’s, CapOne since nov 2008 with a $1000 CL, and BoA (1998) with a CL of $2700.  My wife convinced me to open a Macy’s account a couple of days ago in order to get an extra discount on a mattress, not sure of the CL on this is but it should be somewhere between $1000-$1500 or hopfully more because the total purchase was applied to the new account.  As soon as I receive the account info I’ll pay the balance off in full because the interest rate is almost 25%!

 

I’ve been thinking of applying for some type of rewards card but I’m not sure if I should absorb another inquiry.  Other than the Macy’s hit, all I’ve had in the past 2 years is the CapOne from 2008, and one in May of 2009 for my mortgage app.

 

I’m sure the inq’s will hurt for some CC’s but I’m not sure which ones, but I’m just curious should I wait or should I press on?

 

Any advice is appreciated!

 

Should I try CapOne again?

Feb 252010
 

I just recently had a CapOne CC that was CO’d reach the CRTP and the SOL (phew).  I am into my rebuilding phase and would be interested in CapOne’s Credit Steps program.  However, do I dare even try to apply for a new card with them?  I have heard horror stories that people have opened a new card with them while having a delinquent debt with them on another card and having them immediately add the delinquent balance to the new card.  Is this really something they do?

Approved for Alliant Visa Platinum Rewards

Feb 252010
 

Yippee! This is my first ever CU card and I know CUs are pretty conservative lenders, so I feel this is the real proof of how much my scores have improved in the past few years (in Feb. of 2007 my EQ was 586). The loan officer wouldn’t give me an exact number for some reason, but he said my EQ score was between 700 and 725. TU and EQ are finally both over 700!!! <insert happy dance here>

 

Other info:

 

I asked if they could use the credit report they pulled for membership 2 weeks ago. He said no, because membership pulls EX "Pinnacle score". I found that interesting because when I initially got turned down for membership online due to a security question mixup, it said to contact EQ for a copy of my report.

 

The only financial info he asked for was my income and my rent. After running my report he then asked for 2 pay stubs. While I was on hold, he sent me an email so that I would have his contact info, and he said it was perfectly acceptable for me to email him back with the PDFs of my last 2 paystubs. Ooh, high tech, no waiting.  :smileyhappy:

 

I asked for $5000, they countered with $2500, so CapOne is still my highest limit at $3000, but I’m not complaining. It’s only been a year and a half since my first card from Orchard had a $300 limit.