Author Topic: Applying for Credit Cards  (Read 9174 times)

Offline Yitzter

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Re: Applying for Credit Cards
« Reply #15 on: May 30, 2008, 07:07:05 PM »
Some people I know wrote that they make 30,000 a year, and still got accepted with a 18,000 Credit limit. I honestly don't know how they work. just say you make 50,000 and rent like ash said.
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Re: Applying for Credit Cards
« Reply #16 on: May 30, 2008, 07:08:20 PM »
Some people I know wrote that they make 30,000 a year, and still got accepted with a 18,000 Credit limit. I honestly don't know how they work. just say you make 50,000 and rent like ash said.
Or you can say household income and make up any amount

Offline eli123

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Re: Applying for Credit Cards
« Reply #17 on: June 01, 2008, 12:20:44 AM »
what you answer about rent or own makes little diff they go by what they could verify which is credit history and credit score anythng you can make up a story about they realize that and do not base their decision on it.

Offline Avid Reader

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Re: Applying for Credit Cards
« Reply #18 on: June 01, 2008, 01:31:22 AM »
It's a good idea to say "live with relatives" (if you do) since they want to see how much expense you have versus income. If you dont have to pay for your home, your income is worth more. When I lived at home I would always tell them I live with relative and they seemed very happy with that, and I got a very nice credit limit. I also had excellent credit. So you have to factor both things in.
« Last Edit: June 01, 2008, 01:32:55 AM by Avid Reader »

Offline Yitzter

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Re: Applying for Credit Cards
« Reply #19 on: June 01, 2008, 01:44:23 AM »
I also had excellent credit. So you have to factor both things in.

You don't have good credit anymore?
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Offline Avid Reader

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Re: Applying for Credit Cards
« Reply #20 on: June 01, 2008, 01:45:34 AM »
You don't have good credit anymore?
I dont live with relatives anymore..

Offline Yitzter

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Re: Applying for Credit Cards
« Reply #21 on: June 01, 2008, 01:52:32 AM »
I dont live with relatives anymore..
Last time I checked, that doesn't ruin ones credit.
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Offline Avid Reader

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Re: Applying for Credit Cards
« Reply #22 on: June 01, 2008, 01:55:00 AM »
Last time I checked, that doesn't ruin ones credit.

Who said it does?

Offline Yitzter

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Re: Applying for Credit Cards
« Reply #23 on: June 01, 2008, 01:57:11 AM »
I'm too tired to explain. Figure it out.
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Offline coralsnake

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Re: Applying for Credit Cards
« Reply #24 on: June 01, 2008, 11:03:01 PM »
I put in the truth; What it says on my tax returns.
This way, if I ever get financial review, Im not worried (maybe I still should be?).
I pay off my credit cards in full every month and dont expect the FR to ever be an issue anyway.

I know that the problem is that many people here either are bochrim who dont have jobs or people that dont report much or show much on their tax returns.
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Offline Schneur

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Re: Applying for Credit Cards
« Reply #25 on: June 02, 2008, 05:51:41 AM »
ok, thanks all for the advice.

now if i already have submitted applications in the last 5 years, should i keep the info on new apps the same? or does it matter if it changes? also if it changes, it should probably go up, right?

one last question, if i am churning Citi AA, so now i have 1 consumer and 1 business, do i have to close one before i reapply?

thanks everybody!

Offline Avid Reader

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Re: Applying for Credit Cards
« Reply #26 on: June 02, 2008, 10:15:41 AM »

one last question, if i am churning Citi AA, so now i have 1 consumer and 1 business, do i have to close one before i reapply?



You can have the old one open at the same time you apply for the new one but you have to wait 60 days before reapplying for the personal card and 90 days for the business. Not sure if you can get the miles for the new card if you dont close the old card, but from what I read from Dan it seems like you should. Can someone confirm?
« Last Edit: June 02, 2008, 10:17:43 AM by Avid Reader »

Offline coralsnake

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Re: Applying for Credit Cards
« Reply #27 on: June 02, 2008, 10:35:42 AM »
You can have the old one open at the same time you apply for the new one but you have to wait 60 days before reapplying for the personal card and 90 days for the business. Not sure if you can get the miles for the new card if you dont close the old card, but from what I read from Dan it seems like you should. Can someone confirm?
It worked for me.
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Offline ash

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Re: Applying for Credit Cards
« Reply #28 on: June 02, 2008, 01:59:50 PM »
it better work for me

Offline Yitzter

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Re: Applying for Credit Cards
« Reply #29 on: June 02, 2008, 02:59:40 PM »
Same here, If I do get around to doing it sometime in the near future.
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