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Amex BCE v Chase Freedom (combo) v Discover IT...

Established Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...


enharu wrote:

enxinas wrote:

2 new accounts, which is the Amex and Discover (just opened 2 wks ago at the same time).

I have about 1.4k on Freedom, pretty much nothing on Amex ($50), and $20 on Discover.

Forgot to mention that I have a balance of $800 on my WF card.

 

I had 3 inqueries (1 was when I was looking for a car about 3 wks ago), TU for Discover (740) and EX for Amex (737)

Income (including fin aid, grants, etc) is about 29k/yr

As for my CL, it's on my sig. Smiley Very Happy

Utilization, not so sure. If my math is right, it is about 15%

 

AAoA:

WF is 6 years old, CC is about 2 years old, Chase is almost a year, BestBuy, I think 3 years, BCE and IT, 2wks lol


Uh, don't think financial aid is considered as income.

 


I know it's not an actual income, but I've read somewhere (not in this forums for sure) that to increase the chances of getting approved for a CC, one should put it as "income." But then again looking at your sig, I should definitely listen to you lol

Starting Score: (1/15)TU: 690 EX: 690 EQ: 711
Current Score: (2/16) TU: 690 EX: 684 EQ: 690
Goal Score: (7/18) 800+ for all three bureaus

Take the myFICO Fitness Challenge
Gardening until July 2018!

Message 11 of 16
Frequent Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...

It depends on what you mean by financial aid. I don't agree with it myself and have never included my scholarships in my apps. Some lenders tell you to exlude, many do not. It seems like a grey area to me.



|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Message 12 of 16
Frequent Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...

Hmm it seems like we have a lot of same cards and you said you were a college student working part-time. May I ask what's your income reported because my CL seems a lot lower than yours.

$5k$4.5k$2.8k$8k$500
FICO = EQ: 786 (1/15) TU:774 (2/15) EX: 767 (2/15)
Message 13 of 16
Established Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...


CredittotheMax wrote:

Hmm it seems like we have a lot of same cards and you said you were a college student working part-time. May I ask what's your income reported because my CL seems a lot lower than yours.


Aside from Amex BCE and Discover IT (which I included financial aids), I got those cards with my part time annual income of 10k, sometimes less. The only reason my WF card has a high CL is because they recently increased it by 3k. (idk why; probably because they saw that I applied for BCE and IT card). As for my Chase Freedom, I somehow persuaded them to increase my CL 2 months after opening it.. Probably a bad move. For CareCredit, it's probably because of my dental costs (Invisalign, cleaning, etc). What's your FICO?? Mine was always hovering from 718 to 740 since inception.

Starting Score: (1/15)TU: 690 EX: 690 EQ: 711
Current Score: (2/16) TU: 690 EX: 684 EQ: 690
Goal Score: (7/18) 800+ for all three bureaus

Take the myFICO Fitness Challenge
Gardening until July 2018!

Message 14 of 16
Epic Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...

Do they redeem for the full 5% cash statement??

it would add extra monitoring to use this for the first $250 in charges each month in the categories but that's a bit of extra cash a month too!!!?

Message 15 of 16
Highlighted
Established Contributor

Re: Amex BCE v Chase Freedom (combo) v Discover IT...


Creditaddict wrote:

Do they redeem for the full 5% cash statement??

it would add extra monitoring to use this for the first $250 in charges each month in the categories but that's a bit of extra cash a month too!!!?


Well I'm a single college student, already monitorning my gas and grocery budget, which is far less than $250. That said, I think the SM card works best for single indviduals.

Starting Score: (1/15)TU: 690 EX: 690 EQ: 711
Current Score: (2/16) TU: 690 EX: 684 EQ: 690
Goal Score: (7/18) 800+ for all three bureaus

Take the myFICO Fitness Challenge
Gardening until July 2018!

Message 16 of 16