A Credit Ed Posted November 18, 2020 Share Posted November 18, 2020 I applied for my first credit card in five years - got a Wells Fargo Visa with $12,000 limit, they pulled Experian and my FICO was 728. cv91915, althes, hegemony and 2 others 5 Link to post Share on other sites
brainchasm Posted November 24, 2020 Share Posted November 24, 2020 Another $1500 from Discover, just for asking. This while there's a $15k BT sitting on the card, no less. This CLI puts the card at $29k. Gonna stop there I think (does the cards-over-30k-get-ignored-for-scoring thing still happen these days?) cv91915 and althes 2 Link to post Share on other sites
hdporter Posted November 24, 2020 Share Posted November 24, 2020 2 hours ago, brainchasm said: Another $1500 from Discover, just for asking. This while there's a $15k BT sitting on the card, no less. This CLI puts the card at $29k. Gonna stop there I think (does the cards-over-30k-get-ignored-for-scoring thing still happen these days?) I've lost track of what causes a revolving account to be excluded for the sake of calculating revolving utilization. That said, it wouldn't be such a bad thing for you if a card at 50% utilization was excluded. Link to post Share on other sites
cv91915 Posted November 25, 2020 Author Share Posted November 25, 2020 13 hours ago, brainchasm said: does the cards-over-30k-get-ignored-for-scoring thing still happen these days? I don't recall the exact number, but I believe the line is in the mid-$40,000s. Link to post Share on other sites
hegemony Posted November 25, 2020 Share Posted November 25, 2020 20 hours ago, hdporter said: I've lost track of what causes a revolving account to be excluded for the sake of calculating revolving utilization. That said, it wouldn't be such a bad thing for you if a card at 50% utilization was excluded. limits >50k Zanshiro 1 Link to post Share on other sites
hdporter Posted November 25, 2020 Share Posted November 25, 2020 (edited) 2 hours ago, hegemony said: limits >50k 9 hours ago, cv91915 said: I don't recall the exact number, but I believe the line is in the mid-$40,000s. Off the top of my head (and this goes back to discussion several years ago), I think it was inferred that TU's threshold was $40k, but that the threshold for EQ and EX might be $50k. That's a vague recollection, at best. I stopped sweating this particular phenomenon. I've basically found that keeping all lines under 30%, and targeting 5% overall (better 2% or under) maintains my FICO 8's in the 800's (assuming no adverse payment entries). So, I push my limits up as necessary (but, personally, haven't found the need to boost a line over $50k). On an exception basis, I may temporarily push a line to 50% utilization, without sweating the impact. So long as I don't seek credit in the interim, there's no material impact and any related score hit pretty much fully reverses upon subsequent pay down. Edited November 25, 2020 by hdporter Link to post Share on other sites
hegemony Posted November 25, 2020 Share Posted November 25, 2020 the 50K is a FICO thingy not CRA specific AFAIK. Link to post Share on other sites
hdporter Posted November 25, 2020 Share Posted November 25, 2020 2 hours ago, hegemony said: the 50K is a FICO thingy not CRA specific AFAIK. One might well have thought so, but if someone can dig up the discussions at the time (I think it was sometime around 2011 or 2012), there was clear evidence in the disparities in reported utilization ratios between myFICO reports from one CRA vs another (TU vs EXP, for example) that some tradelines were being excluded from the utilization calculation in the case of one CRA-based report but included in another. Obviously, this seems to fly in the face of a uniform FICO calculation ... but that's not necessarily so. It possible that the utilization value that's input into the FICO score calculation isn't performed within the score calculation itself, but instead the input value is determined by separately by the CRA itself. That's obviously speculation, and one could pull any number of explanations from you-know-where. But the fact remains that there were many cases where the revolving debt data was identical across two or three CRA reports, yet reported myFICO utilization ratios differed from one CRA to another. Link to post Share on other sites
DPB Posted December 2, 2020 Share Posted December 2, 2020 Amazon Prime Business Amex - Unsolicited CLI $25k —> $30k althes, hegemony and RehabbingANDBlabbing 3 Link to post Share on other sites
DPB Posted December 3, 2020 Share Posted December 3, 2020 AmEx Business Green SUB: 25k MR for $3k spend in 3 months AF waived first year TheVig and hegemony 2 Link to post Share on other sites
Allkindabroke Posted December 4, 2020 Share Posted December 4, 2020 Online CLI request for Barclay Reward MasterCard from $20K to $40K . 10 day message and a call 2 hours later saying they increased the limit from $20K to $24K. EX 823 Util <1% cv91915, RehabbingANDBlabbing and hegemony 3 Link to post Share on other sites
cv91915 Posted December 4, 2020 Author Share Posted December 4, 2020 7 hours ago, Allkindabroke said: Online CLI request for Barclay Reward MasterCard from $20K to $40K . 10 day message and a call 2 hours later saying they increased the limit from $20K to $24K. EX 823 Util <1% I haven't been able to squeeze an extra $1 out of them in years. It's always "not enough usage," no matter how much or little I put on my card. Allkindabroke 1 Link to post Share on other sites
DPB Posted December 5, 2020 Share Posted December 5, 2020 Amex Platinum SUB: 100k MR for $5k spend in six months AND 10 MR per $ spent on groceries and gas on up to $15k spend in the first six months. I couldn’t resist 250K MR for $15k spend. TheVig, cv91915, Midwestgardener and 1 other 4 Link to post Share on other sites
DPB Posted December 17, 2020 Share Posted December 17, 2020 Discover $4600 —> $5100 cv91915, hegemony and RehabbingANDBlabbing 3 Link to post Share on other sites
brainchasm Posted December 17, 2020 Share Posted December 17, 2020 Mom sprung a Christmas surprise on me, and put a new phone on our family plan for me. She told them not to bother activating or porting, no less than five times. They did it anyway, and my Samsung Galaxy S4 stopped being able to call or text, ofc. So I go get it, and Mom has gotten me an iPhone 12. Welp, I did actually need a new phone after seven years, so here we go. And why is this here, you ask? Approved for Apple Card, $5k limit. TheVig, hegemony, althes and 2 others 5 Link to post Share on other sites
cv91915 Posted December 20, 2020 Author Share Posted December 20, 2020 US Bank Altitude Reserve (for TAD) $10,000 😆 This card disappeared from the US Bank web site for about three weeks, and rumors of its discontinuation have been circulating. But it's back on usbank.com, at least for now, so I grabbed one for TAD. SUB is still $750 ($4.5k spend in 3 months). althes and hegemony 2 Link to post Share on other sites
IH8SPM Posted December 21, 2020 Share Posted December 21, 2020 Disco for $1500 @ $27k now. Sent from my SM-N986U using Tapatalk cv91915 and hegemony 2 Link to post Share on other sites
DPB Posted December 22, 2020 Share Posted December 22, 2020 Chase Ink Preferred $5K CL I woke up yesterday to an alert that my EX score had gone up 55 points. I assumed that meant my BK had been removed. Pulled my report through ACR and found it was squeaky clean. Applied for the Ink this morning and approved. Probably time for a personal card also since I'm at 4/24. Second Chances, Krish and cv91915 3 Link to post Share on other sites
cv91915 Posted December 22, 2020 Author Share Posted December 22, 2020 2 hours ago, DPB said: Pulled my report through ACR and found it was squeaky clean. Link to post Share on other sites
IH8SPM Posted December 22, 2020 Share Posted December 22, 2020 Cabelas-Cap1 for + $500. Not as expected but +1 for any increaseSent from my SM-N986U using Tapatalk hegemony and cv91915 2 Link to post Share on other sites
cv91915 Posted December 22, 2020 Author Share Posted December 22, 2020 2 hours ago, IH8SPM said: Cabelas-Cap1 for + $500. Not as expected but +1 for any increase Sent from my SM-N986U using Tapatalk Their 1-ounce deer pee samples are perfect stocking stuffers. Link to post Share on other sites
IH8SPM Posted December 22, 2020 Share Posted December 22, 2020 Their 1-ounce deer pee samples are perfect stocking stuffers.Hahahaha. Once 2022 rolls around I'll close it and double down on my other cards to replace the credit limit. Sent from my SM-N986U using Tapatalk cv91915 1 Link to post Share on other sites
cv91915 Posted January 1 Author Share Posted January 1 (edited) The 2021 thread is over there ---------------------> Edited January 1 by cv91915 Link to post Share on other sites
CTSoxFan Posted January 4 Share Posted January 4 Locking 2020 thread, please use 2021 thread linked in post above. Link to post Share on other sites
Recommended Posts