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Victoria Secrets' Comenity Card or how I learned to stop getting store cards.

The last post in this topic was posted 1693 days ago. 

 

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So way back in July 2013 when I was repairing my credit, the first ever card I got was a Victoria Secret store card (via the cart trick). I've periodically requested CLI and it's went from $400 to $1700, but I'm not using it and it doesn't appear to be updating on my CRs for any of the 3 CRAs. I'm now in the position (in part due to the wisdom from CB) where I'm thinking I should close it because "Higher limits beget higher limits". Is that a smart move and if so, how could I get it to report one time to the CRAs so that I can show positive history (right now, it just shows No Data for each month)? How will this affect AAOA? Can I do a product change from this to another Comenity card that I could actually use?

 

Semi-stupid questions but I'd like to back out of this as gracefully as possible.

 

Thanks!

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So way back in July 2013 when I was repairing my credit, the first ever card I got was a Victoria Secret store card (via the cart trick). I've periodically requested CLI and it's went from $400 to $1700, but I'm not using it and it doesn't appear to be updating on my CRs for any of the 3 CRAs. I'm now in the position (in part due to the wisdom from CB) where I'm thinking I should close it because "Higher limits beget higher limits". Is that a smart move and if so, how could I get it to report one time to the CRAs so that I can show positive history (right now, it just shows No Data for each month)? How will this affect AAOA? Can I do a product change from this to another Comenity card that I could actually use?

 

Semi-stupid questions but I'd like to back out of this as gracefully as possible.

 

Thanks!

 

Most frustrating thing about Comenity: they don't report to the CRA's for months when there's no balance on your card.

 

Edit: I don't recommend closing a card for which there's no AF and you've already taken the AAOA hit. Just make a minimal purchase now and then.

Edited by Sidewinder

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So way back in July 2013 when I was repairing my credit, the first ever card I got was a Victoria Secret store card (via the cart trick). I've periodically requested CLI and it's went from $400 to $1700, but I'm not using it and it doesn't appear to be updating on my CRs for any of the 3 CRAs. I'm now in the position (in part due to the wisdom from CB) where I'm thinking I should close it because "Higher limits beget higher limits". Is that a smart move and if so, how could I get it to report one time to the CRAs so that I can show positive history (right now, it just shows No Data for each month)? How will this affect AAOA? Can I do a product change from this to another Comenity card that I could actually use?

 

Semi-stupid questions but I'd like to back out of this as gracefully as possible.

 

Thanks!

 

Most frustrating thing about Comenity: they don't report to the CRA's for months when there's no balance on your card.

 

Edit: I don't recommend closing a card for which there's no AF and you've already taken the AAOA hit. Just make a minimal purchase now and then.

 

 

Just push $2 to it from billpay and it will report

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Also...

 

(Konrad readies up a roundhouse)

 

store cards aren't ALWAYS a bad idea. Ones that give high limits - Lowe's comes to mind - are obviously good for your util score. Oddly, some Comenity cards do this too. There's one report here on CB of someone who's J Crew card now has a $17,000 limit. And their home furnishing ones (Restoration Hardware, Snobbery Barn, Overstock.com) often open with 5-digit limits. I don't know from RH but I could see a PB card, as they sell candles there. Buy a candle every couple of months and voilà, you've got activity reporting.

 

(Never, ever, ever APPLY for a Comenity store card; they're not worth the INQ hit, just wait to see what SCT offers pop up. And of course make sure it's a store you would shop at; I've turned down the SCT offer at The Buckle (not even sure why I was on their website) because I'm 20 years too old to be wearing their stuff.)

 

 

I have no empirical reason to speak out against Konrad's trick for pushing $2 from your bank's bill pay. If it were me I would just worry that Comenity would get wise to it and penalize me somehow. I seem to have had that kind of luck in life.

 

 

 

(Also I like candles.)

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The last post in this topic was posted 1693 days ago. 

 

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