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How long did it take to complete your upgrade from the store card to the Amex? I talked to Macy's about a week ago about upgrading my store card to a Macy's American Express after a botched CLI request (I took a hard inquiry for an increase from $800 -> $1500). I was told that there was nothing in my credit profile that should prevent approval, and that it would take 7-10 days for a decision. I logged into my account as recently as two minutes ago and my account is still showing the store (red) card. What was your experience with the upgrade?
I've got a question for the FICO gurus here. The essential question is a store card vs. major card question, and whether utilization factors in differently for one than another... or if I was just rebucketed. Now, the long version - I have a young, thin, clean TU file. I have 5 revolving accounts, but 2 opened last month have not reported to TU and neither resulted in TU inq's, so for our purposes, I have 3 revolvers: CapOne QS1 opened 4/14 Barclays Rewards opened 8/14 Walmart store card opened 8/14 My October Walmart TU08 FICO, which was purported to have been pulled Oct. 1, was 716, with following utilization: CapOne 0% Barclays 23% Walmart 0% ------------------ Overall Uti: 12% I decided this month I would let Walmart report a tiny balance and zero out the rest and see what my current max possible FICO is: CapOne 0% Barclays 0% Walmart <1% ($5 balance) --------------------------------- Overall Uti: <1% Result: November Walmart TU08 FICO of 710 I expected it would go up, but it went down. So, is there some wrinkle in the utilization scoring that prefers you have that one small balance on a major revolver instead of store card, or did I perhaps get rebucketed for my oldest account hitting 6 months? I'm guessing the latter, but I must defer to the experts.
So I was trying out the 'shopping cart trick' to see which ones would offer me a pre-approval at checkout. I have not accepted any yet. On Victoria's Secret, the pre-approval was $500. On OneStopPlus, the pre-approval was $750. I would have thought since all were based on soft-pulls and all are issued by same bank, the limits would be the same? I can understand a higher opening limit if I was looking at Value City Furniture or maybe Sportsmens, as they sell so many large ticket items. I will definitely go for the Victoria's Secret I think, as that would be one I could really use. But I would really like to add another. I do not have any other store cards. What sort of credit limits have people received at the various Comenity stores when pre-approved during the shopping cart? Advice on where I should try? Thanks!