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8 months since first card...should i apply?

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PinkFloydian
New Member

8 months since first card...should i apply?

I had BofA Cash rewards card($700) since 8 months and got Discover IT card($1500) last month. My Discover TU is 759. Should I go and apply for the below credit cards?

Chase Freedom®
Capital One® Quicksilver® Cash Rewards Credit Card
Citi® Dividend Platinum Select® Visa® Card

 

any suggestions for other cards are welcome Smiley Happy


Starting Score: 757(TU-Discover)
Current Score: --
Goal Score: 800(TU)


Take the myFICO Fitness Challenge
Message 1 of 5
4 REPLIES 4
coldnmn
Mega Contributor

Re: 8 months since first card...should i apply?

If it was me I would wait 4 months and have a year on your oldest card. Then the inquiry on that card has less effect. At that point apply for the Freedom and then space out apps 1 every 6 months to try avoiding toy limits. 

What ever you decide Good Luck in your credit journey. Remember credit is a journey not a race.

 

 

edit: I forgot to add welcome to the forum! Smiley Happy

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 2 of 5
yudeology101
Senior Contributor

Re: 8 months since first card...should i apply?


@PinkFloydian wrote:

I had BofA Cash rewards card($700) since 8 months and got Discover IT card($1500) last month. My Discover TU is 759. Should I go and apply for the below credit cards?

Chase Freedom®
Capital One® Quicksilver® Cash Rewards Credit Card
Citi® Dividend Platinum Select® Visa® Card

 

any suggestions for other cards are welcome Smiley Happy



@PinkFloydian wrote:

I had BofA Cash rewards card($700) since 8 months and got Discover IT card($1500) last month. My Discover TU is 759. Should I go and apply for the below credit cards?

Chase Freedom®
Capital One® Quicksilver® Cash Rewards Credit Card
Citi® Dividend Platinum Select® Visa® Card

 

any suggestions for other cards are welcome Smiley Happy


Welcome to the forum.

 

While your score looks good....do you have any baddies? how many INQs? Also, what are your other scores like? 

 

I would say you're good to go, but it's hard to recommend w/o knowing a bit more of your credit profile. 

Keep in mind that for Cap1, they're known for 3HPs (EQ/EX/TU) so consider before applying. 

 

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)
Message 3 of 5
PinkFloydian
New Member

Re: 8 months since first card...should i apply?

no baddies...1 INQ last month for discover...i guess i will wait till another 4 months and apply...im in no hurry Smiley Happy


Starting Score: 757(TU-Discover)
Current Score: --
Goal Score: 800(TU)


Take the myFICO Fitness Challenge
Message 4 of 5
notfancy
Valued Contributor

Re: 8 months since first card...should i apply?


@PinkFloydian wrote:

no baddies...1 INQ last month for discover...i guess i will wait till another 4 months and apply...im in no hurry Smiley Happy


You can probably apply now, but waiting a couple more months when you waited this long already can really only improve your situation. I think you'll be glad you waiting for those inqs to age to one year.

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Message 5 of 5
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