Credit Cards

[nenuco]

This is true & good advice, but I really dislike Capital One! I only keep it because of the AA and the $0 AF. I hope I get approved though becuase I do travel and dine so the $95 is worth it. The Hyatt card also is nice as it has an EMV chip, which is much needed in certain parts in Paris. Fees aside do you think if I can get approved? Even if I have to recon... I just don't know as I don't have much credit with them! Thanks

[LS2982]

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nenuco wrote:

This is true & good advice, but I really dislike Capital One! I only keep it because of the AA and the $0 AF. I hope I get approved though becuase I do travel and dine so the $95 is worth it. The Hyatt card also is nice as it has an EMV chip, which is much needed in certain parts in Paris. Fees aside do you think if I can get approved? Even if I have to recon... I just don't know as I don't have much credit with them! Thanks

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Have you tried Cap1's exec. office for a CLI??

I think you have a fair chance of being approves, they may want to see more history on your freedom card first.

[espnjunkie]

The way I look at it is the best way to use a rewards card is to charge pretty much everything to it and rack up points. Having multiple rewards cards just tends to dilute how many miles/points you are earning on each of them. Hard to say in terms of approval, I know you generally have to have at least one credit line of 5,000.00 or more to qualify. You seem to have a solid chance, only things working against you might be that you already have quite a bit of credit available to you and a relatively short credit history (don't worry haha, mine is just over one year myself).

The Hyatt card carries a 75.00 Annual fee as well that is not waived and has a minimum credit limit of 5,000.00 too. Chase may or may not be willing to give you another 10,000.00 of credit on top of what you already have... 

[nenuco]

I have not... I wanted to do that the same day I apply so the inquiries are all in one day. I guess the only thing I can do is apply and cross my fingers lol Thanks for all the advice!

[nenuco]

Thanks! I guess I'll have to take my chances in the ring of credit! I appreciate all your help and advice. What credit cards do you have? If you don't mind me asking, since we have similar credit lengths. 

[espnjunkie]

Mine are listed in the footnote of my posts

[nenuco]

lol I don't know how I missed that... I'll keep everyone posted. Wish me luck

[gettnthere]

GOODLUCK!!

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nenuco wrote:

lol I don't know how I missed that... I'll keep everyone posted. Wish me luck

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[LS2982]

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nenuco wrote:

lol I don't know how I missed that... I'll keep everyone posted. Wish me luck

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Fingers crossed for you!!!

[CreditScholar]

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nenuco wrote:

The Chase Freedom is currently at $3,000 I have not asked for a CLI though. I have two other cards with a $5,000 CL and then an AMEX with $3,000 a Citi with $4,000 and my lovely Capital One at $500. 

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With only a 3k limit on the Freedom, I can see you possibly being approved for one but not both. Your age (and likely corresponding income), in addition to your lack of high limit cards and low AAoA will all work against you. You already have a lot of credit as it is. I can't realistically see Chase extending another 10k to you.