Credit Cards

[BradyD]

Hi all:  

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?

Thank you!

[jamesdwi]

If no baddies and UTL is low like less than 20% (10% would be better) and no cards are more than 80% UTL

[09Lexie]

Welcome to the Forum!

Congratulations on your credit profile thus far. Having the Discover with the $5k+ limit is a bonus. I just don't know if its been long enough - since your only other card is at $750. Chase can be quirky but their recons are really good. You might be approved but I think your chances at the Freedom are even better.
Chase and that internal scoring really gets under my skin.

AFAIK, they pull EX

[ryanbush]

I think you would be fine for CSP, let us know your limit once approved.

[youngandcreditwrthy]

I think you would be approved!!

[honky]

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? 

[mirachi]

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.

[myjourney]

Welcome to the forum I think you have a high chance of success. Good luck!

[sarkell]

I'd apply if my utility was below 15%. If you get denied see if they'll recon you for a freedom.

[youngandcreditwrthy]

@honky. Did you have to recon?