03-20-2013 02:29 PM - edited 03-20-2013 02:30 PM
I'm in need of some opinions. I'm 25 years old with a salary of about $70,000. My first card was a crappy Capital One Platium that I opened in August of 2011 with a $500 limit (now $750!). I got a Discover It card in January and they gave me a $6,000 start limit.
Now, I'm wanting to get a "big name" visa/MC to compliment the Discover and keep them as my main two cards. The Chase Sapphire looks very appealing (not sure if I want preferred yet). However, I'm nervous about applying having just opened my discover 3 months ago. My EQ and TU FICOs are 728 and 745, respectively. I'm also nervous about them pulling my EQ report because it has 6 inquiries on it (one from the Cap One Platinum, 1 from apartment applications [approved], 2 from car loan shopping, one from Discover, and one from Chase last year when I applied for the Freedom and was denied (I wouldn't have applied had I known what I know now abotu how credit works).
I have no collections or negatives on any of my reports.
Could you guys weigh in on whether to apply or not?
03-20-2013 02:34 PM
If no baddies and UTL is low like less than 20% (10% would be better) and no cards are more than 80% UTL
03-20-2013 02:35 PM
03-20-2013 02:36 PM
I think you would be fine for CSP, let us know your limit once approved.
03-20-2013 02:54 PM
03-20-2013 03:46 PM - edited 03-20-2013 03:47 PM
I was approved with slightly higher income, but lower scores than you. I also have 1 baddie on there from 6 years ago. I believe I had 7 inquiries at the time and util on my Freedom was at 80% at time of my app(overall util only about 20% and I am set up to auto PIF).... I doubt you would have any trouble being approved if you keep your util below 10% when applying.
Go for the CSP. Why wouldnt you go with that sign up bonus?
03-20-2013 03:56 PM
I would apply - I was approved for the no AF CS card with 35K annual income (no idea what exactly my EX score was but somewhere between 714 - 776; probably about 740-750s since I had other inquiries on my EX report). 3 INQ on report at the time.
03-20-2013 04:05 PM
03-20-2013 04:53 PM
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