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MB82x

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About MB82x

  • Birthday 01/19/1982

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  1. Depending on your spending habits, it may behoove you to change your Amex Blue into a Blue Preferred, which carries a $95 annual fee. 6% back on groceries 3% back on transit, gas, and ride shares 6% back on streaming services Also, when I made the switch, they almost immediately gave me a massive CLI, and have given me a handful more since then. Currently, I have a FICO in the 700-730 range, and my credit limit is $8000. It was only $1000 when I first got the card, in 2018.
  2. Not at all. But from a practicality standpoint, I don't really know of a card I have a pressing need for. I already barely use my Discover and CapOne cards. Barclays covers Uber & Restaurants, Amex covers groceries and some streaming services. Chase covers Amazon and Drug Stores. I haven't come across another card that would be used for anything other than buying a bottle of water once a month or so. I definitely did it within the past few months. It wasn't a simple button push though - you had to send them a secured message, requesting your limit increase.
  3. Hmm, that's too bad - not really sure it makes sense for me to have another CC at the moment. The rewards on Barclays and Amex cover like 90% of my spending outside of rent/utilities. The process is made worse now that I can't seem to request CLI online anymore, and have to call and talk to a person. "Why do you want a CLI?" "Uh, because I make a respectable salary, always PIF and on time, have a 740ish credit score, and compared to my other cards, $1000 is laughable?" I don't think that would fly though.
  4. I've recently become keenly aware of something regarding my credit, and thought it might make a good discussion. Simply put, I have five credit cards - and some of the issuers seem to be in love with me, while one seems to hate me. Others seem indifferent. Going back about two years ago, I had no active credit cards. At some point in 2017, I started applying for cards - and got the following over the subsequent year and a half. Capital One: $1000 (sometime in 2017) -> 1100 (3 months later) -> 1600 (Feb 2018) -> 4600 (July 2018) -> 5600 (May 2019) Usage: I tend to use this card to make larger purchases that I need sooner rather than later, but might want to gradually pay down. As such, this card will typically have my highest utilization. Overall, I swipe/use it pretty infrequently. Oddly enough, I got turned down for a CLI right before the most recent increase for having my average monthly payment be "too low". Then I made an $800 purchase, paid off $600 of it, and got a CLI shortly after. At first, this was my everyday "default" card - but right now I seldom have a reason to use it, as Barclays, Chase, and Amex get 95% of my action due to better cash back perks. Chase: $1000 (Oct 2017) Usage: This is the weird one for me. I'm pretty sure they hate me over at Chase. Like they're convinced I killed their dog. When I first got the card, I was using it almost everyday because I worked in a chain pharmacy that shared a building with a Whole Foods. So I had 2% cash back at work, and 5% cash back on the market next door. It was basically my meal ticket. And my snack ticket. And my bottle of water ticket. Sometimes I hit high utilization on the card, but always paid it down. Then I quit my job, went to greener pastures, and stopped using the card so much. Maybe 5-10 times a month on average. I've never paid late. I've periodically have asked them for a CLI, always when utilization is low, and each and every time the answer has been a "no". Discover: $1200 (Nov 2017) -> 1700 (Feb 2018) -> 2100 (Aug 2018) -> 2400 (Feb 2019) Usage: Ah, Discover... the card I have because... well... because. The rotating 5% categories are nice, when I remember about them. All in all, I seldom use this card. Mostly, I just use it to keep it active when I remember it's tucked in the back of my wallet. I'm guessing I might get an auto CLI in August, based on what they've done so far, but who knows. American Express: ??? (1000, summer 2018) -> $2500 (by end of 2018) -> $6500 (Feb. 2019 - coincides with me upgrading card to "Preferred") Usage: I can't remember all of the early details on this one, despite it being my newest card. I went from using it regularly for the 3% cash back on groceries, to almost every day when I started working in a grocery store. Shortly after I started taking advantage of the 3% cash back more frequently, they offered me the Preferred card for $95/yr, but with a 6% bonus. Did the math, and it made sense. Once I upgraded, they more than doubled my credit limit. Barclays: $1000 (spring 2018) -> 2800 (Aug 2018) -> 5800 (Jan 2019) -> 8800 (Jul 2019) Usage: I typically use this card at least twice per day, as it pays for my trips to and from work. Initially, it was very tough getting this card. I got denied my first attempt, and recon failed. Second attempt was another denial, but I got in on recon. Since getting in, they seem in love with me, giving me three substantial CLIs in just over a year - none of which I asked for. So some if this is bewildering to me. Barclays and CapOne seem to like me very much. Amex too - though I'm curious to see if the recent $4000 CLI was because of my product upgrade, my sudden uptick in usage, or something that was going to happen anyway. Wondering if I should expect another Amex CLI next month. Discover and I seem equally indifferent towards each other, as if we're just going through the motions, kind of like a dead marriage. No major reason to stay together, but not worth the inconvenience of breaking it off. But Chase. Chase just seems to hate me. And I'm not really sure why. I've been a frequent user. I've been a responsible user. But they don't trust me with what seems to be more than the bare minimum. Is it possible that I'm doing something that Barclays, Amex, and CapOne all love - but Chase looks at and says "yeah, no... hard pass"?
  5. Thanks - I found the Amex answer - didn't see anything for Chase. Looks like I probably should have asked Amex for 3k, not too huge a deal. But I guess I need to wait another 180 days before asking again. Oh well!
  6. I didn't find an answer in that thread.
  7. I got auto-increased on the following cards within the past couple of weeks: CapOne: from 1700 to 4600 Discover: from 1800 to 2100 Barclays: from 1000 to 2800 Feeling good about myself, I asked Amex to increase me from 1000 to 2500, which they did instantly... should I have asked for more? If so, how long should I wait before asking again? I also have a Chase Amazon Card with a 1000 limit, which I would like to increase. How much should I ask them for? Income is approx. 50k/yr - FICOs are all 690-710 - account was opened October 2017
  8. Hi all. I have a general question regarding requesting credit limit increases. When requesting an increase, is there a guideline to know how much we should request? Logically, the lower the increase you request, it should be more likely you're approved. But you risk leaving potential credit on the table. On the flipside, if you ask for too much, you're more likely to be denied. Would the CCC counter with a lower increase? I recently had several limits automatically increased, CapOne from 1800 to 4600, Discover from 1700 to 2100, and Barclays from 1000 to 2800. I decided to poke Amex, and ask them to increase me from 1000 to 2500 - and it was instantly approved. Getting the instant bump sure was nice, but made me wonder if I should have asked for more. I also have a Chase Amazon Prime Card which has yet to get any love, and it's one I swipe almost every day (I work in a pharmacy, near a Whole Foods... 2% back at the Pharmacy, 5% back at Whole Foods), so I regularly make heavy use of my $1000 limit, and pay it down every month. I'd definitely like a CLI on this card, but from what I can tell I'd have to call and talk to a person. How should I know what I should ask for?
  9. In the past two weeks, friendly letters from a few of my CCCs, stating they're upping my credit limits... CapOne: 1800 -> 4600 Discover: 1700 -> 2200 Barclays: 1000 -> 2800 Amex/Chase still at 1000...
  10. Are the bad accounts completely gone, as in removed entirely from the credit report, or are they just cleaned up to appear as good accounts? If the items are merely cleaned up, you might need to look at the details - sometimes things get overlooked. I had EQ reporting a charge-off a few months ago, but also had a letter from the OC saying the account was in good standing and not charged off. TU and EX fixed the issue very quickly - but it took EQ like 3 or 4 times to get it right. They kept leaving little hints that the account was once delinquent/CO'd in the details. Some discrepancy in scores is normal between CRAs - but there could also be differences in credit limits, utilization, payment history, etc, hidden in the details. Congrats on the removals!
  11. congrats!!!! recom with barclays is always worth a shot. FWIW, barclays has been very liberal with me. PIF is preferred by many issuers and your own long term financial strength Thanks! I'm still learning how to maximize/perfect my payment timing/method in order to maximize FICO and minimize interest paid. Typically I try to almost PIF a couple of days before the statement cuts, then pay the balance off once the statement cuts. Read somewhere, probably here, that I don't want $0 balances reporting, as it's not optimal. So if my statement cuts on the 16th, and I have a balance of $820 on the 14th, I'll pay $800 on the 14th, and $20 on the 17th or 18th. As far as Barclays goes - should I wait maybe six months?
  12. I got denied for the Barclays Uber Card w/ a 713 TU score, and ~15% total utilization. Some of my accounts are relatively new - approx six months old, and I had some lates on my oldest open account. Nothing very recent though. Called for recon, got a $1000 limit, not great, but better than nothing. I feel like it took every ounce of sweet talk I could muster to get what I got. They put me on hold a couple of times, and asked a few questions. When they finally agreed to issue me an account, it sounded almost like a reluctant "okay, what we can do is this..." They wanted to know: - Why the lates on the older account, I explained why - told them what I've done to ensure it won't happen again - Why so many accounts (three) opened in past six months or so - explained I'm trying to build credit, would have held off a bit longer if I knew the Uber card was coming ahead of time - Used that lead-in to explain exactly what I'll use the card for - dining, Uber, streaming services, cell bill, emphasized the card's benefits seem tailored to my needs So with Barclays, is it absolutely essential to never carry a balance, ever? Sometimes I'll pay like $250 exact if the balance is like $258.21 or whatever. The $1000 limit should be sufficient for what I'd use it for, but getting an unexpected decrease would make things tight/inconvenient each cycle. I feel like Barclays is probably not very liberal with issuing CLIs. Any advice on when (if) I should ask?
  13. Thanks! Just wanted to post an update. My EX and EQ scores both just update on all three statements. Discover actually posted at the $20 balance despite the statement cutting at $320, so there does seem to be a small window of leeway to address large purchases. YMMV of course, and I wouldnt call this reliable. It may not work for all cards, and the time it takes for payments to post seems wildly inconsistent in my experience.... Now if only TU would update to reflect these changes. Theyre the bureau I want pulled...
  14. The card I'm after is the Uber Barclays card. I don't "need" the card so to speak - but their perks and rewards system would save me a decent chunk of change each month, which is nice. I haven't asked Discover for a CLI yet, but they did just bump me from $1200 to $1700 without me asking, because I'm "so responsible" or something. I've only had the card since October. Go figure. I requested a CLI with CapOne a month or two ago, and they bumped me from 1000 to 1100, and just this week they bumped me from 1100 to 1600 - but I didn't ask for that one. Chase, I haven't looked into yet, beyond visiting their webpage and being led to a page that said "there's no current offers for a CLI" for me. Maybe if I call them, but it might be best to wait a bit longer. Thanks for the advice! I'll keep working on trying for more CLIs as time passes. Do you find cards that start small tend to cap out small? At some point, should I expect my CLIs on these cards to be more than $100-500 a pop, or will I need to explore bigger and better cards?
  15. Aside from the obvious "pay in full each month", what are some best practices to prevent high balances from reporting. Even paying in full isn't fool proof, as large purchases may need to be made at the wrong time. ​Case in point, I paid one card down to about a $20 balance, let it sit a few days, had to make a $300 purchase - which I quickly submitted a payment for (back down to $20 balance), but just saw in the app my statement cut at $320, despite my balance now being $20. ​Is that $320 going to be what's reported to the CRAs this month?​ That's a 18.9% utilization rate on that specific card, versus what could have been 1.2% by a matter of hours. I'm hoping there's some sort of delay here that benefits me, since it seems I made the purchase at the worst possible time. I realize this is typically not a big deal as long as you're able to make your payments and not out of control with your debt, but there are of course times when you want to have your utilization reporting at a nice, shiny 3% or whatever. In my case, there's a CC I want to apply for, and it's a little tougher to get than what I already have. With a good utilization, I think my scores may finally be over 700, and I just got some healthy credit limit increases this month (1200 -> 1700, 1100 -> 1600), which should help. ​Experian is (currently accurately) reporting one card at 65/1600. TransUnion is showing 941/1100 (last month's news). When should I expect TU to catch up? ​TU is the bureau I want to make sure is up to snuff. Right now it's showing: CapOne: 941/1100 (EX shows 65/1600, as per statement from 1-2 days ago) Chase: 451/1000 (is actually 19/1000 now, as per statement from 1-2 days ago) Discover: 351/1200 (is actually 20/1700 now, but statement cut at 320/1700 today... so we'll see?) CU Card: 906/4000 (is actually 867/4000 now, but they update erratically it seems...) Even with that high (36%) utilization, my TU FICO is 675. Looks at worst I can hopefully expect my utilization to drop down to 15.7% at worst, and 12.1% if I beat the buzzer with Discover (if maybe they cut statements, then later that day post to CRAs?), so I think I should expect a healthy jump in my score regardless. Hopefully to 700+. Going forward - is there a "best way" to manage this? Should I try to bump my statement dates up to the 20th for instance? I get paid bi-weekly, and typically do the following: Paycheck closest to the start of the month: pay rent, pay utilities, pay student loan. Rest goes to savings. Paycheck closest to the 15th of the month: pay down credit cards to a negligible balance, wait for statement to cut, then pay in full. (I obviously wasn't as on top of things last month, but please not that I was not "late" on payments, as those balances were accumulated after paying in full the previous statements). Mostly just looking for any good methods/habits people have, or insights into when exactly is the best time to pay down those balances. Thanks!

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