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Valued Member
Posts: 48
Registered: ‎03-08-2013
0

18 years old with these cards and limits.

Cap 1 secured-650 limit

Cap 1 unsecured -750 

Discover it-1500

Chase freedom-3000

Walmart discover-3000

 

Recently approved for a few cards

 

Amex BCE- approved for 3k

 

Citi Simplicity 4.5k.

 

Should the simplicity be my main card for rewards?

 

I believe i have enough cards for the next 5 years lol.

 

any constructive criticism?


Gardening as of 7/7/2013
Valued Contributor
Posts: 1,880
Registered: ‎03-30-2012
0

Re: 18 years old with these cards and limits.

I thought the Simplicity card had no rewards at all...

Scores 1/12/2014: TU FICO: 660 | EQ FICO: 665 | EX AMEX FICO: TBD

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Chase Freedom: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $500 | J.Crew $9550
Regular Contributor
Posts: 176
Registered: ‎04-17-2013
0

Re: 18 years old with these cards and limits.

I would say, you even have more cards and higher limits than I do, and I am 24!:smileysurprised:

Last App: 09/17/2013 // No App Until: Mortgage (05/14?)

Cards in my wallet: AMEX BCE ($8000) // CITI AA VISA SIG ($5000) // CHASE FREEDOM ($3500) // DISCOVER IT ($1000) // CAP ONE NC ($1000) // WALMART DISCOVER ($1600)
Credit Scores: FICO TU08 (10/13): 739 // Credit Karma (10/13): 677??!! // Credit Sesame (10/13): 730
Next Goal: CSP (after mortgage probably...)
Moderator
Posts: 26,770
Registered: ‎09-13-2012
0

Re: 18 years old with these cards and limits.

Definitely enough credit cards. Congrats on your approvals. Just remember to use your credit wisely. Once it goes bad it will take years to recover.
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: 18 years old with these cards and limits.

use Freedom / Discover / BCE for rewards.

Simplicity is a BT / 0% APR promo card.

Not sure which Cap1 card you got

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Frequent Contributor
Posts: 374
Registered: ‎02-10-2013
0

Re: 18 years old with these cards and limits.


matthallis wrote:

Cap 1 secured-650 limit

Cap 1 unsecured -750 

Discover it-1500

Chase freedom-3000

Walmart discover-3000

 

Recently approved for a few cards

 

Amex BCE- approved for 3k

 

Citi Simplicity 4.5k.

 

Should the simplicity be my main card for rewards?

 

I believe i have enough cards for the next 5 years lol.

 

any constructive criticism?


I'd get rid of the Cap1 cards (assuming they have annual/monthly fees *glares at the secured credit card*).

 

 

 

As of 1/10/2014 EX FICO - 748. EQ FICO - 728. Trans FICO - 755

WellsFargo - $3,000 AMEX BCE - $18,000 Chase Freedom - $4,000



Community Leader
Senior Contributor
Posts: 26,659
Registered: ‎02-07-2013
0

Re: 18 years old with these cards and limits.

Nice line up 

Just take care of them and your off to a great start

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Frequent Contributor
Posts: 367
Registered: ‎06-02-2008
0

Re: 18 years old with these cards and limits.

garden the crap out of those cards and in a few years you'll so golden creditors will be begging for you business.


AmEx PRG (NPSL) | AmEx Costco ($8.2K) | AmEx Delta Gold ($19.3K) | AmEx BCE ($5K) | Chase United Explorer ($10K) | Chase Sapphire Preferred ($7.5K) | Chase Freedom ($8.2K) | Discover it ($3K) | Capital One Quicksilver ($2.5K) | PayPal Extras ($2.5K) | Lowes ($3.3K) | Walmart ($4.3K) | Amazon ($2.5K) | Restoration Hardware ($8.8K) | Crate & Barrel ($8.3K)
--
Homeowner since 05/29/13
New Contributor
Posts: 105
Registered: ‎01-02-2013
0

Re: 18 years old with these cards and limits.

Can you let me know when you applied for each card?
Valued Member
Posts: 48
Registered: ‎03-08-2013
0

Re: 18 years old with these cards and limits.

all accounts are under 6 months old.


Gardening as of 7/7/2013

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