I don't need a high limit - I just want a Lowe's card. I'd be using it mainly for accessories type stuff like paint, small tools, etc...nothing big or expensive.
My profile:
EFX 663
TU 643
EXP 648
Chapt 7. BK, filed 10/05 disch 02/06
Here are my CC accounts that are currently opened - none of these have any late payments at all:
HSBC Limit $500 Balance $0 Opened 12/05
HSBC Limit $500 Balance $0 Opened 12/05
HSBC Limit $750 Balance $347 Opened 08/07
Merrick Bank Limit $1900 Balance $0 Opened 01/07
Capital One Limit $2000 Balance $0 Opened 07/06
Aspire/CB&T Limit $1000 Balance $75 Opened 05/06
Total Util 6.3%
Also a couple installment loans since the BK and one that I just paid off that was a student loan, never late, carried through the BK and open since 1998, paid off in June 08.
Do you think I have a shot at getting this card? I don't even mind a low CL.
Unless someone has another suggestion.
GEMB/Lowe's...how hard to get?
Started by
hairmetal4ever
, Jun 30 2008 09:57 PM
16 replies to this topic
#1
Posted 30 June 2008 - 09:57 PM
#2
Posted 30 June 2008 - 10:10 PM
I was approved for Lowes about 2 1/2 post BK for a $300 CL. it's now a $10,000 CL. I think you have a ,chance for an approval, however I recommend applying in the store to increase your chances and possibly a higher CL.
#3
Posted 30 June 2008 - 10:12 PM
my CL is now 10K, but the card has little in the way of rewards. why not get a cashback card, such as Patelco mastercard?
#4
Posted 30 June 2008 - 10:15 PM
my CL is now 10K, but the card has little in the way of rewards. why not get a cashback card, such as Patelco mastercard?
I actually looked at Patelco today - that might be something I will do.
I'm off work till the 10th so I'm bored and in credit mode these last few days...
#5
Posted 30 June 2008 - 10:19 PM
remember: 50% of credit report is adding new tradelinesmy CL is now 10K, but the card has little in the way of rewards. why not get a cashback card, such as Patelco mastercard?
I actually looked at Patelco today - that might be something I will do.
I'm off work till the 10th so I'm bored and in credit mode these last few days...
good luck
#6
Posted 30 June 2008 - 10:20 PM
Go to the Bankruptcy Forum and check out their "Bankruptcy Friendly Creditors" thread. Start from the LAST PAGE and read backwards because the begining of that thread is so old and outdated. Study at least 10 pages and see what others have obtained and their scores, length out of BK, etc. Do your homework. Dont just apply for cards as you think of them. Try not to apply for cards that youll never use. Maybe look into a gas card like Valero.
I think you should check into joining Navy Federal Credit Union and trying for one of thie cards if you qualify for membership.
In the meantime.... go read that thread and BE PICKY!!!!! Dont get anything with an annual fee, etc. You have enough toy cards... look for one worth a few thousand. Maybe WAMU or Providian.
That Aspire card you have makes me cringe.... its prolly loaded with fees.
I think you should check into joining Navy Federal Credit Union and trying for one of thie cards if you qualify for membership.
In the meantime.... go read that thread and BE PICKY!!!!! Dont get anything with an annual fee, etc. You have enough toy cards... look for one worth a few thousand. Maybe WAMU or Providian.
That Aspire card you have makes me cringe.... its prolly loaded with fees.
#7
radi8
- Admin
-
- 27,226 posts
Posted 30 June 2008 - 10:22 PM
Do you think I have a shot at getting this card? I don't even mind a low CL.
They'll probably approve you, $300-$500. My experience was the same as Curious' .........only less the $10K part.
#8
Posted 30 June 2008 - 10:39 PM
I don't use my Lowes card for the rewards but for the 0% apr they offer. I just bought a refrigerator last week at 0% apr for 12 mos. Saving 18-20% in apr fees is much better than 1% or 2% cash back for me.my CL is now 10K, but the card has little in the way of rewards. why not get a cashback card, such as Patelco mastercard?
ETA: The OP had asked about getting a store card earlier so I assume that's why he's inquiring about Lowes.
Edited by Curious, 30 June 2008 - 10:45 PM.
#9
Posted 30 June 2008 - 10:40 PM
Go to the Bankruptcy Forum and check out their "Bankruptcy Friendly Creditors" thread. Start from the LAST PAGE and read backwards because the begining of that thread is so old and outdated. Study at least 10 pages and see what others have obtained and their scores, length out of BK, etc. Do your homework. Dont just apply for cards as you think of them. Try not to apply for cards that youll never use. Maybe look into a gas card like Valero.
I think you should check into joining Navy Federal Credit Union and trying for one of thie cards if you qualify for membership.
In the meantime.... go read that thread and BE PICKY!!!!! Dont get anything with an annual fee, etc. You have enough toy cards... look for one worth a few thousand. Maybe WAMU or Providian.
That Aspire card you have makes me cringe.... its prolly loaded with fees.
It is getting cancelled just as soon as I can either get some luv from one of the others or get a new card to replace the CL amount so that my utilization doesn't go over 10%. I use my HSBC for gas so with gas prices, it ends up around $400 every month even though I PIF at month-end, and that's what gets reported to the CRA's. I'd close it now, but I'd hate to lose $1000 of available credit.
#10
Posted 30 June 2008 - 10:41 PM
Go to the Bankruptcy Forum and check out their "Bankruptcy Friendly Creditors" thread. Start from the LAST PAGE and read backwards because the begining of that thread is so old and outdated. Study at least 10 pages and see what others have obtained and their scores, length out of BK, etc. Do your homework. Dont just apply for cards as you think of them. Try not to apply for cards that youll never use. Maybe look into a gas card like Valero.
I think you should check into joining Navy Federal Credit Union and trying for one of thie cards if you qualify for membership.
In the meantime.... go read that thread and BE PICKY!!!!! Dont get anything with an annual fee, etc. You have enough toy cards... look for one worth a few thousand. Maybe WAMU or Providian.
That Aspire card you have makes me cringe.... its prolly loaded with fees.
BTW - don't you have to be IN the Navy (or a veteran) to join NFCU?
#11
Posted 30 June 2008 - 10:47 PM
IMO a Lowes card isn't good for buying small purchases unless you're going to PIF. Unless you're going to spend the $300 to qualify for the 0% offers then it's just not worth using because of the high interest rate.
I agree with Hegemony, if it's for small purchases then try for a regular CC and use that instead.
I agree with Hegemony, if it's for small purchases then try for a regular CC and use that instead.
#14
Posted 30 June 2008 - 11:10 PM
Why dont you try for Wamu or Providian? They were good to me with frequent auto-increases. Occasionally they toss a BT deal of 1.99% too. Plus they give you the free FAKO score every month. With those installments and cards I dont see why theyd say "no".
#15
Posted 30 June 2008 - 11:20 PM
Again the OP was interested in a store card and Heg, your post probably got him interested in Lowes.
http://creditboards....howtopic=346566
http://creditboards....howtopic=346566
Edited by Curious, 30 June 2008 - 11:22 PM.
#16
Posted 30 June 2008 - 11:21 PM
Why dont you try for Wamu or Providian? They were good to me with frequent auto-increases. Occasionally they toss a BT deal of 1.99% too. Plus they give you the free FAKO score every month. With those installments and cards I dont see why theyd say "no".
I was thinking of them.
They send me pre-approved/pre-selected stuff every once in a while. Am I better to wait for the next one, or is there a website I can go to?
Thanks for the help. I didn't mean to "shoot down" the NFCU idea, but I really have no connection to any of the membership possibilities!
#17
Posted 01 July 2008 - 12:04 AM
Just received my New Lowes Card today. Small limit, but helps with utilization as I usually time purchases and pif so most of my accounts that I use report 0 balance. I am looking forward to special financing offer and increased limits. I plan to use for home improvement and pif. Was an EQ pull with high inquiries (can't get any B*). Scores are:
TransUnion Experian Equifax
630 631 627
TOTAL ACCOUNTS: 18 23 20
OPEN ACCOUNTS: 13 12 15
CLOSED ACCOUNTS: 5 11 5
DELINQUENT: 0 0 0
DEROGATORY: 3 6 3 (some in dispute, others waiting on sol and a few medical I need to attack). Also collections reporting as installment and in duplicate / triplicate.
INQUIRIES (2 years): 2 11 15
Depending on your reason for obtaining go for it or get another card that you can use and pif as others have suggested. I am in Lowe's and HD every weekend.
All I need now is an easy Mastercard that give rewards and not BT fees.
TransUnion Experian Equifax
630 631 627
TOTAL ACCOUNTS: 18 23 20
OPEN ACCOUNTS: 13 12 15
CLOSED ACCOUNTS: 5 11 5
DELINQUENT: 0 0 0
DEROGATORY: 3 6 3 (some in dispute, others waiting on sol and a few medical I need to attack). Also collections reporting as installment and in duplicate / triplicate.
INQUIRIES (2 years): 2 11 15
Depending on your reason for obtaining go for it or get another card that you can use and pif as others have suggested. I am in Lowe's and HD every weekend.
All I need now is an easy Mastercard that give rewards and not BT fees.
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