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CC Approval, Apply for more?

Member

CC Approval, Apply for more?

I have a 628 score, short history but nothing bad at all, recently got approved for American Express Classic and have applied for  ToysRUs but no outcome yet, I do not want to apply for many more, I would hate to have many enquiries so can anyone recommend a car to apply for now? I was thinking a Childrens Place or Target? Do not see the point in something I would rarely to never use.

Thank you!

Message 1 of 15
14 REPLIES
Super Contributor

Re: CC Approval, Apply for more?


RightOn78 wrote:

I have a 628 score, short history but nothing bad at all, recently got approved for American Express Classic and have applied for  ToysRUs but no outcome yet, I do not want to apply for many more, I would hate to have many enquiries so can anyone recommend a car to apply for now? I was thinking a Childrens Place or Target? Do not see the point in something I would rarely to never use.

Thank you!


Weclome to the forum

IMHO I would not apply for anything else until my scores went up 

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 15
Frequent Contributor

Re: CC Approval, Apply for more?

How long is your history? IMO, don't appl for anything until you hit the 6-12 month mark, because the first 6 months are very crucial in building your credit. Take it slow and steady and you will be approved for any card as long as your Utilization is low, small amount of inquires (anywhere from 3-5 is okay, espcially your first 2 years, people start getting in trouble when it goes up to 7+ on any bureau.) and you have no late payments or chargeoffs, or file bankruptcy. Slow and steady always wins the race, Good luck!

Bank of America: Cash Rewards.- 4.2k. 4/25/12 (CLI Increase 6/15/13, CLI May of 2015, sept 2015), Citi: Forward- 4.5k. 10/27/12 (CLI on 2/8/14, SP, CLI on 9/26/15 sp). Discover: More- 7k, 10/27/12 (Increase 6/1/14, CLI in May of 2015, SP 9/2015) Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 5k (EX CLI HP 9/2015) Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-5k 12/8/13 (CLI on 9/2015) Capital one VentureOne Visa Signature-10k (9/6/15). Citi AAdvantage Platinum Select World MasterCard-4K. Last App: 9/6/15. Total cl: 45,300
Message 3 of 15
Member

Re: CC Approval, Apply for more?

Thank you! I appreciate it. 

Message 4 of 15
Member

Re: CC Approval, Apply for more?

I am just at the 6 month mark on history.

Message 5 of 15
Established Contributor

Re: CC Approval, Apply for more?

Welcome to the forums! Do you have any revolving credit at all? Congrats on the green approval, but it doesn't count as revolving credit. Have you considered a secured card?
TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Message 6 of 15
Frequent Contributor

Re: CC Approval, Apply for more?

Righton, If I may ask, are you a student? what does your income look like? Do you travel, or want Cashback? is there any speific lender whose cards you want? that plays role in whatever you going to apply for.

Bank of America: Cash Rewards.- 4.2k. 4/25/12 (CLI Increase 6/15/13, CLI May of 2015, sept 2015), Citi: Forward- 4.5k. 10/27/12 (CLI on 2/8/14, SP, CLI on 9/26/15 sp). Discover: More- 7k, 10/27/12 (Increase 6/1/14, CLI in May of 2015, SP 9/2015) Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 5k (EX CLI HP 9/2015) Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-5k 12/8/13 (CLI on 9/2015) Capital one VentureOne Visa Signature-10k (9/6/15). Citi AAdvantage Platinum Select World MasterCard-4K. Last App: 9/6/15. Total cl: 45,300
Message 7 of 15
Member

Re: CC Approval, Apply for more?

What is a green approval and why wouldn't it be revolving credit? I'm new to this.
Message 8 of 15
Member

Re: CC Approval, Apply for more?

I have an annual income of just over 34,000 and we do travel a lot.
Message 9 of 15
Frequent Contributor

Re: CC Approval, Apply for more?

Do you mind If I may ask how many inquires you have on all bureaus. The reason I ask is because I think you could try potentially for another Amex in 6 months or so, because a 628 is not good...lol. If you have a lot, that could explain your score, and your chances of getting approved for additional cards. 

Bank of America: Cash Rewards.- 4.2k. 4/25/12 (CLI Increase 6/15/13, CLI May of 2015, sept 2015), Citi: Forward- 4.5k. 10/27/12 (CLI on 2/8/14, SP, CLI on 9/26/15 sp). Discover: More- 7k, 10/27/12 (Increase 6/1/14, CLI in May of 2015, SP 9/2015) Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 5k (EX CLI HP 9/2015) Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-5k 12/8/13 (CLI on 9/2015) Capital one VentureOne Visa Signature-10k (9/6/15). Citi AAdvantage Platinum Select World MasterCard-4K. Last App: 9/6/15. Total cl: 45,300
Message 10 of 15