05-23-2011 04:18 PM
I am deluged with offers for both cards and want to pull the trigger and see what happens. Any opinions of which card is better to have? I am liking the 40,000 bonus points of the southwest card offer and I like the $200 cash back after first purhcase of the Freedom card.
Current Info: 756 Experian (thru Experian)
696 Equfax Fico
676 Transunion Fico
-- Overall Credit Util a bit high at 40-50% (just becuase I contantly use my card)
-- One Baddie, $450.00 unpaid medical collection from 5 yrs ago. ONLY shows up on EQ & TU (Have tried to PFD with no luck)
-- One open credit card account (8 yrs old, $1500.00 credit limit/ $700.00 balance)
-- One recently closed credit card account (14 yrs old 2000.00 limit / $400.00 balance)
-- Zero inquiries
Do I have a chance with either of these or are they out of reach at this time according to my numbers?? hate to burn my first inquiry if the general opinion is not favorable.
ALSO ---- would a Bof A rewards card or CITI be the same type of thing?? I receive offers for AMEX GOLD card every few weeks as well but I guess i am a bit trigger shy ---- ANY comments would be useful and very appreciated , thanks!!
05-23-2011 05:10 PM - edited 05-23-2011 05:15 PM
You might want to get Chase Southwest if you fly a lot on Southwest. By the way, they charge AF. They might denied you because high utilization. They pulled TU when I applied for Chase Freedom Visa. It might tougher to get approved if you don't have any Chase card.
I haven't tried to apply for any BofA lately and they pulled both EQ and TU for CLI. Don't know about Citi. I heard Amex is pretty easy to get for their charge card even with no perfect credit history. I would say to try to apply for Green/Zync. They usually pull EXP and sometimes they pull all three.
05-23-2011 07:18 PM - edited 05-23-2011 07:20 PM
Thats exactly the kind of insight I was looking for ----- thanks for the replies, that helps a great deal!!
What about going for a Barclays card or Nordstrom store card ---- would I be more in line for one of those and work my way up to the others?? I figure by paying off my card limits that should push me up to a better number by the next card statements. Would be interested to hear your comments on those as well (or other cards , if you are so giving!?!?!)
05-23-2011 08:41 PM
You might be able to get Barclays with your score. You might need to call them to reconsider if you denied. I'm not sure about Nordstrom and they only approved 2K for Visa almost ten years. I think they pulled both EXP and TU. My advice is to pay down the debt and you should be able to get some card if your utilization keeps under 10%.
05-24-2011 08:51 AM
I don't think you will be able to get a Chase CC with your current infor (score). UTIL is high at 40-50%, you need to get that down to 15% or less when apping for a higher success rate of approval or you will be wasting a hard IQ. You also have 1 baddie, prime banks don't like baddies with very, very few exceptions.
You may have better luck with Barclays Priceline Rewards - but if you want a high CL $4K plus...make sure you get your TU score above 700s.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.