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New to credit cards and an approval story

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BCullum
New Contributor

New to credit cards and an approval story

So ive had a capital one mastercard since I turned 19, and its always had a 1,500 dollar limit. My credit has always been something i'd steer clear of in conversations. Until this past year when I made it a point to right the ship, in order to secure a mortgage. Well 12 months of work paid off, I had my scores into the 700's with only one real account showing which was my capital one card. Applied, and approved for our dream home, I am now looking past to earn some credit. I applied this morning for a Chase freedom card, instant approval! Called and asked what my balance was... $500 Smiley Sad. Instantly sent a secure message on chase's website requesting a CLI to 2,500... APPROVED. I should of asked for more Smiley Sad. Anyways what other cards do you guys recommend me apping for to start out?

Lender Pull EQ 745 EX 734 TU 722
Message 1 of 10
9 REPLIES 9
myjourney
Super Contributor

Re: New to credit cards and an approval story

I would say discover it you should be good for....

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 10
BCullum
New Contributor

Re: New to credit cards and an approval story

I actually apped for that one today as well, and got the 5-7 buisness day message. Does this mean an automatic denial? My biggest issue is lack of accounts, and lack of credit on the accounts I believe. I have 1 card reporting, and that is the extent of my credit history. Should I be proactive about the Discover card and call them? What should I say if I call?

Lender Pull EQ 745 EX 734 TU 722
Message 3 of 10
BCullum
New Contributor

Re: New to credit cards and an approval story

Oh and the one card is currently reporting with 35% uti.

Lender Pull EQ 745 EX 734 TU 722
Message 4 of 10
myjourney
Super Contributor

Re: New to credit cards and an approval story

yes, call and see where you are in the process good luck and let us know 

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 5 of 10
myjourney
Super Contributor

Re: New to credit cards and an approval story

Utilization a little high but call and see what info they need and take it from there

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 6 of 10
BCullum
New Contributor

Re: New to credit cards and an approval story

unfortunatly thats not hard to do when you have a 1,500 dollar limit 

Lender Pull EQ 745 EX 734 TU 722
Message 7 of 10
myjourney
Super Contributor

Re: New to credit cards and an approval story


@BCullum wrote:

unfortunatly thats not hard to do when you have a 1,500 dollar limit 


True and speaking with a live person might influence an approval if explained either way don't waste that HP w/o a call 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 8 of 10
Pilotdude
Established Contributor

Re: New to credit cards and an approval story


@myjourney wrote:

@BCullum wrote:

unfortunatly thats not hard to do when you have a 1,500 dollar limit 


True and speaking with a live person might influence an approval if explained either way don't waste that HP w/o a call 


+1 and nice job cleaning up for the house and stuff!! Feels good, don't it!! Smiley Happy


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Message 9 of 10
BCullum
New Contributor

Re: New to credit cards and an approval story

It's nice to be able to apply for something and actually get it without a cosigner. No doubt. 

Lender Pull EQ 745 EX 734 TU 722
Message 10 of 10
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