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Advise on phase 2

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ksantangelo23
Frequent Contributor

Re: Advise on phase 2


@Anonymous wrote:
go for freedom and either BofA cash back or BBR. the discover site isn't really a good indicator if you're actually qualified whereas i HEAR (from other posters) that chase and BofA's prequal site is pretty good.

Smiley Indifferent

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 11 of 63
Anonymous
Not applicable

Re: Advise on phase 2

Dicover prequal is worthless

Message 12 of 63
Strogen
Frequent Contributor

Re: Advise on phase 2


@rockbttm442 wrote:

So after cleaning up my credit report need some help with what cards to go after next. I checked all the major sites for prequalification this is what I got:

 

Chase

 

Freedom

Slate

 

Bank of America

 

BankAmericard Travel Rewards

BankAmericard Better Balance Rewards

BankAmericard Visa

BankAmericard Cash Rewards

 

Discover

 

Discover It

 

Capital One

 

 

Capital One Platinum

 

What are the pros/cons. Outside of my credit union that doesn't have a prequalify site which of these would you add? Looking to add 2 or 3. 


lol, BoA andf Discover "prequals" are worthless. You really only got 3 solid prequals, the two Chase cards and the typical Cap One platty. 

807 TU FICO Score 8.
Message 13 of 63
ksantangelo23
Frequent Contributor

Re: Advise on phase 2


@Strogen wrote:

@rockbttm442 wrote:

So after cleaning up my credit report need some help with what cards to go after next. I checked all the major sites for prequalification this is what I got:

 

Chase

 

Freedom

Slate

 

Bank of America

 

BankAmericard Travel Rewards

BankAmericard Better Balance Rewards

BankAmericard Visa

BankAmericard Cash Rewards

 

Discover

 

Discover It

 

Capital One

 

 

Capital One Platinum

 

What are the pros/cons. Outside of my credit union that doesn't have a prequalify site which of these would you add? Looking to add 2 or 3. 


lol, BoA andf Discover "prequals" are worthless. You really only got 3 solid prequals, the two Chase cards and the typical Cap One platty. 


I even fell for the Discover pre-qual when it came to helping a friend out, though we didnt pull the trigger because it felt too good to be true. Hard to blame anyone

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 14 of 63
rockbttm442
Frequent Contributor

Re: Advise on phase 2

So based on what you all are saying the Freedom for sure and probably BoA.

This probably isn't the right forum to ask but I'll ask anyways. I know when apping for a home loan you shouldn't add cards 6 months prior is it the same idea for an auto loan?
Cap 1 QS1 - $3300, Kemba CU - $500, Chase Freedom - $500, Sears MC - $751, Sears - $2000, Hot Topic - $1230, Grismer - $1200, Target - $1800, Walmart - $200, Home Depot - $500, Discover IT Chrome - $7000, Chase Sapphire Preferred - $5000
Message 15 of 63
ksantangelo23
Frequent Contributor

Re: Advise on phase 2


@rockbttm442 wrote:
So based on what you all are saying the Freedom for sure and probably BoA.

This probably isn't the right forum to ask but I'll ask anyways. I know when apping for a home loan you shouldn't add cards 6 months prior is it the same idea for an auto loan?

I'm not confident in choosing BoA, your scores may be below a threshold.

 

The 6 month period isnt specific to home loans, or auto loans. Thats just the period that inquiries no longer have a considerable effect on your score.

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 16 of 63
rockbttm442
Frequent Contributor

Re: Advise on phase 2

My scores are higher than what's posted I update that at the beginning of the month but my EQ and EX are 623 and TU is 796
Cap 1 QS1 - $3300, Kemba CU - $500, Chase Freedom - $500, Sears MC - $751, Sears - $2000, Hot Topic - $1230, Grismer - $1200, Target - $1800, Walmart - $200, Home Depot - $500, Discover IT Chrome - $7000, Chase Sapphire Preferred - $5000
Message 17 of 63
Anonymous
Not applicable

Re: Advise on phase 2

Discover and boa prequalification sites are not solid. My dog can get an offer
Message 18 of 63
Anonymous
Not applicable

Re: Advise on phase 2


@Anonymous wrote:
go for freedom and either BofA cash back or BBR. the discover site isn't really a good indicator if you're actually qualified whereas i HEAR (from other posters) that chase and BofA's prequal site is pretty good.

BOA's pre qual is garbage.

Message 19 of 63
Anonymous
Not applicable

Re: Advise on phase 2


@rockbttm442 wrote:
So based on what you all are saying the Freedom for sure and probably BoA.

This probably isn't the right forum to ask but I'll ask anyways. I know when apping for a home loan you shouldn't add cards 6 months prior is it the same idea for an auto loan?

Unless your scores have jumped at least 100 points from what is showing in your sig, you'd be wasting a hard pull with BOA.

Message 20 of 63
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