Thread by @gioblaze0069

How to get $100k+ in credit cards & raise your credit score as fast as humanly possible

My score went from 543 to 756 in 90 days

Even with a score in the 500's, I still secured 6 figures in biz credit

I never do threads but here's a step-by-step guide that will make u money

1) Open up a chase bank account.

Both personal and business.

Put in as much money as you can in both accounts for 3 statement cycles (3 months.)

The more money you put in, the higher your chances are for getting approved, the higher limits, even with bad credit.

Go for the chase preferred or reserve off the bat.

I did the preferred but wish i did the reserve.

They both have minimum credit limits of either 5-10k.

You want a higher limit to be reported to the bureaus so other companies can see you can handle a higher limit.

If they reject your application, call Chase's reconsideration line.

That is very important.

Amex and Chase both have lines you can call where you can call and make your case

I didn't know about the recon line , so when I first applied i got rejected. I woulda got approved

2) Since no one would approve me for an unsecured card.

I had to get a secured card.

I got premier bank and capital one.

Deposited $200 for each and spent a little.

Let it report a balance and then once the billing cycle closes pay it off immediately.

After a month of paying off those cards, I went back and applied for the chase preferred.

They approved me instantly.

They gave me a $5,000 limit.

& here's where it gets saucy

I started running ads with this card and was paying off the $5k balance multiple times a day

I would have to call chase multiple times a day and scream at them for not letting me pay it off multiple times

All of these credit gurus tell you to keep utilization low

This is fake news

The companies aren't going to give you big credit limit raises unless you SPEND

After a month of putting a lot of spend on a $5k limit personal card, I wanted a business credit card

Since i was building a relationship with Chase, i went for the ink preferred

And that's important - you gotta build relationships with these banks 1 at a time, that is key

They approved me for the Chase business card

(Which is notoriously hard to get with chase if u have bad credit)

However , these fuckers only gave me a $5k limit

So i called up the recon line and screamed at everyone

After moving me to 10 different people on the phone and verifying my name 10 different times I finally got in touch with a decision maker in the lending department

I told them about my biz & they said theyd get back to me

2 days later I wake up to $50k in credit

Not bad

But still not anywhere close to enough...

Spent decent amount on this card the next month then moved over to the ink premier

They only gave me $25k on that card and i was angry again

I called them up and they said they weren't comfortable giving me any more credit b/c i had chargeoffs on my account and my score was so low

This is important:

All of these banks are only comfortable giving each customer so much credit without a financial review

So to get more credit, I had to move over to the next bank ... amex

They rejected my application for a gold card a million times

My options were to either put $50-70k in a CD that i couldn't touch for a year then get credit from them that way

Or see if i could do my method

I learned that the Amex Blue Business Plus card was a lot easier to get than the higher tier charge cards

So I applied for that and you guys should too if u have bad credit to begin to build the relationship with them

And I did the same thing with them as i did with chase...

I just kept maxing out the card and paying it off multiple times a day to show usage

Little did i know that was a really good move

Both my amex and capital one reps told me that is the fastest way to getting high limits on the charge cards as well

Paying it off fast

Oh i forgot to mention this...

I wrote Amex a sales letter on why i should be approved for the gold card & faxed it to their new account dept

This letter had credit card statements from chase, and a line by line response to the reasons why they disapproved my application

They instantly put my gold card application from declined to under review 🤣

But my credit was still dog shit so I shifted focus onto my credit report and all the charge offs i had from years ago

Which were still bringing me down a lot

CONTINUED...

Go to your credit report

Look at all your delinquencies

You have to attack every single one of them until they all come off your report

If it's an unpaid charge off, request a pay for delete

If it's a paid chargeoff, email and call the CEO of the company

You are going to make some sob story about how you are an army veteran with PTSD and your grandmother was dying of cancer and you had to take care of them and you caught a nasty covid and could barely leave and your credit suffered...

You are going to email this to everyone

What you're asking for is for them to make a GOOD WILL ADJUSTMENT REVERSAL on your credit report

This means they are going to remove the negative remark off your report completely so it looks like you never had a missed payment

This is so so so important

Your creditor has the power to change the way they report your delinqunecy to the credit bureaus

Again... i probably spent 10+ hours on the phone talking to my creditors, basically no one has any idea what they're talking about

You have to go to the top management to do it

I've anecdnotally heard stories about dudes emailing the CEO of capital one and him telling the underlings to remove the chargeoffs

I was laughed at by chase when i asked for credit limit increases...

I was laughed at by creditors when i asked for them to make a goodwill adjustments on the late payment...

But i didn't fucking stop

Be relentless with this shit

You have no other way

Now that i got the amex gold card im gonna run up a massive limit on this

Then i'm gonna hop on the capital one spark plus and scale that

Then i'm gonna hit every single big bank

My plan is to put money with all of them for 90 days periods then apply right after