topic Re: Discover More or Barclays Apple?? in Credit Cards

Discover More or Barclays Apple??

BallaOnnaBudget — Thu, 09 Feb 2012 21:14:50 GMT

I am a regular forum reader and have posted once or twice. I'd like some advice on whether or not to pull the trigger on a new card.

HISTORY:

1 cap one sec -$200 AoA - 11 months, no missed payments

1 auto loan AoA - 1 year 2 months, no missed payments

No baddies at all

Salary 48k

Scores TU-712, EX - 703

Applied for a chase freedom in Nov. with similar scores and was denied for "not enough revolving accts" and "age of accts"

I would like another charge card so i can garden till next year. What do you think my chances are for a Discover More or Barclays Apple??

Thanks in advance

Re: Discover More or Barclays Apple??

BallaOnnaBudget — Thu, 09 Feb 2012 21:16:26 GMT

Or would it be wise to garden another 6 months?? Have gotten offers from Prime one and Credit one for 700 and 1000 cards but those fees are bananas!!!!!

Re: Discover More or Barclays Apple??

mxp114 — Thu, 09 Feb 2012 21:20:47 GMT

You probably have a better shot with Barclays due to liberal recons but otherwise your profile is lightweight. Not even 12 months revolving = highly unlikely to get any prime cards. I would give it six months. Maybe even app for Orchard/HSBC to start to establish unsecure credit.

Re: Discover More or Barclays Apple??

learnin113 — Thu, 09 Feb 2012 21:49:47 GMT

Discover More is a way better card. There's not much use for the Apple card unless you need great financing on Apple products of course or your scores are less than stellar.

Re: Discover More or Barclays Apple??

fusioncredit — Thu, 09 Feb 2012 22:20:02 GMT

BallaOnnaBudget wrote:
I am a regular forum reader and have posted once or twice. I'd like some advice on whether or not to pull the trigger on a new card.

HISTORY:
1 cap one sec -$200 AoA - 11 months, no missed payments
1 auto loan AoA - 1 year 2 months, no missed payments
No baddies at all
Salary 48k

Scores TU-712, EX - 703

Applied for a chase freedom in Nov. with similar scores and was denied for "not enough revolving accts" and "age of accts"
I would like another charge card so i can garden till next year. What do you think my chances are for a Discover More or Barclays Apple??

Thanks in advance

Before I make any suggestions let me make sure I understand what you are wanting...are you wanting a rewards card or are you wanting to build more credit?

Re: Discover More or Barclays Apple??

BallaOnnaBudget — Thu, 09 Feb 2012 22:44:13 GMT

Both actually but I'd prefer to get more credit without having to pay a ridiculous monthly fee. Its just frustration setting in I think!

Re: Discover More or Barclays Apple??

fusioncredit — Thu, 09 Feb 2012 22:59:24 GMT

BallaOnnaBudget wrote:
Both actually but I'd prefer to get more credit without having to pay a ridiculous monthly fee. Its just frustration setting in I think!

This can be accomplished....first you will need to do some research on which credit unions to join that will be generous giving you a good limit to start with. If you or someone in your family is Military you can join Navy Fed and Pen Fed, Also highly recommend USAA. If you are looking for a credit union that pulls TU then there is Lake Michigan CU and Consumers Credit Union. I'd then wait 6 months before applying for Discover and Barclays for best chance of approval with a good starting limit.

Re: Discover More or Barclays Apple??

BallaOnnaBudget — Thu, 09 Feb 2012 23:47:06 GMT

thanks for the advise. I think I'll hold off till I get to 18 months!

Re: Discover More or Barclays Apple??

fusioncredit — Thu, 09 Feb 2012 23:48:32 GMT

BallaOnnaBudget wrote:
thanks for the advise. I think I'll hold off till I get to 18 months!

You are welcome and do what you feel is right and comfortable for you. Just keep in mind it's easier to build credit with credit unions than it is with Prime Creditors

Re: Discover More or Barclays Apple??

Carlile92 — Fri, 10 Feb 2012 01:05:45 GMT

To be honest I got a discover more card with less history than you and a worse score than yours with 1000 cl and salary right about the same with high util and it was more card with huge amount of inq

Re: Discover More or Barclays Apple??

bichonmom — Fri, 10 Feb 2012 01:30:33 GMT

BallaOnnaBudget wrote:
I am a regular forum reader and have posted once or twice. I'd like some advice on whether or not to pull the trigger on a new card.

HISTORY:
1 cap one sec -$200 AoA - 11 months, no missed payments
1 auto loan AoA - 1 year 2 months, no missed payments
No baddies at all
Salary 48k

Scores TU-712, EX - 703

Applied for a chase freedom in Nov. with similar scores and was denied for "not enough revolving accts" and "age of accts"
I would like another charge card so i can garden till next year. What do you think my chances are for a Discover More or Barclays Apple??

Thanks in advance

If your goal is to establish credit so you can get prime CCs, you might want to app with Walmart. GEMB gave me my first rebuilder cc with only a one year installment loan in my cr. Plus, they are good with CLIs, whether they can still be done every 4 mos or not. Also, that will give you your monthly TU FICO. 2 birds, one stone. :D

Then, I'd do what was suggested... Look at local CUs and any of the bigger ones you can join, as they are easier to work with when establishing credit.

Re: Discover More or Barclays Apple??

BallaOnnaBudget — Fri, 10 Feb 2012 01:30:55 GMT

Thanks.. If you can remember did you have to recon or was it an instant approval for the discover? Also I see you have the apple card. How long after the discover were you able to get it? Was it a Reich? Sorry for all the questions I just don't want to waste an INQ!