I am trying to be patient as I rebuilt my credit reputation, BUT I am really coveting a rewards type card. My biggest issues are 2 COs. One with a balance due to fall off in January and one from early 2010 showing a zero balance (was 600 from an auto finance). And a late to a Utility company 12 mos ago (oversite and trying to GW). I have a mortgage paid on time past 2 yrs. My income is 100k average. I opened two CCs this past October/November. They are a Cap One 1k CL and Walmart store 1k.
Below is a short synopsis of credit reports. TU and EQ purchased from myfico a few days ago and EX purchased from their site.
Total UTIL = 21% (until payment clears which will put me under 13%)
TU = 673
AAOA = 8 yrs
INQs = 2 (1 falls off in a month)
EQ = 654
AAOA = 10 yrs
INQs = 1
EX = 673
INQs = 2
Obviously I would fair much better after January, but I am curious if anyone has any opinion on a rewards type card that I might qualify within the next month or so. Thanks for reading.
I got a BoA 123 Cash Rewards and a Discover card with your kind of scores and credit blemishes. It might be worth a shot.
Starting Score: TU: 566
You can most likely qualify for the Capital One Cash Rewards card for average credit. It gives 1.5% cash back with no min balance needed to redeem.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
Last App: 4/5/13 Gardening until July 2014
Thanks for the replies. I will check the BOA123, Wells fargo, and Freedom as mentioned to see which one I have a better shot at. I thought of the Cap One as mentioned, but everything I read is that they are not real CLI friendly.
+1 for 123; I would hold on the Freedom. Chase is a tough one
I have to agree with a3quit4s. Definitely BoA, Freedom I can't see with multiple baddies ESP recent ones....unless you have a banking relationship with them.
Cap 1 will pull all 3 CR's so be warned.
Cap 1 will pull all 3 CR's so be warned.
Cap1 is not CLI friendly but they are working on expanding CLIs to more customers in the future as when you go through the Executive Office, you have a really good chance of getting what you want. My Cash Rewards card started in July with a $2000 limit and it was increased to $2500 a couple of months ago. It is not best limit and I know I am a ways away from another increase but it still gives me enough flexibility to cover all my everyday expenses every month.
The Chase Freedom is definitely the most difficult to obtain on the list but if you are approved for it, the rewards structure is awesome! I have only had my Chase Freedom for 45 days and I already have $127 in cash back because of the $100 sign up bonus if you spend $500 in the first 3 months. And I love the 5% rotating categories because this quarter I am using my Freedom for gas instead of the Cap1 Rewards card and I get 5% back instead of 1% back.
My Freedom app was initially declined with a 703 credit score. I had to call back for reconsideration and I got a recommended approval and then it took an additional 3 weeks on top of that to be fully approved, get my limit, and receive my card. So if you apply and are denied the Freedom, recon, recon, recon! Chase has a great recon department.
The Chase Freedom is definitely the most difficult to obtain on the list but if you are approved for it, the rewards structure is awesome! I have only had my Chase Freedom for 45 days and I already have $127 in cash back because of the $100 sign up bonus if you spend $500 in the first 3 months. And I love the 5% rotating categories because this quarter I am using my Freedom for gas instead of the Cap1 Rewards card and I get 5% back instead of 1% back.
My Freedom app was initially declined with a 703 credit score. I had to call back for reconsideration and I got a recommended approval and then it took an additional 3 weeks on top of that to be fully approved, get my limit, and receive my card. So if you apply and are denied the Freedom, recon, recon, recon! Chase has a great recon department.
Yeah I will cancel the Freedom thoughts for now, as they are a little tough for my situation. I looked at the BOA123 and it looks good for my situation, BUT, I am not fond of passing out my employer phone number. I can't remember seeing that on an app since my very first jeweler cc when I was 18 yrs old. I am pretty positive I don't want them calling my employer. Not because of anything other than I don't like a connection between my personal life and business, even though I know they would only confirm employment.
I would say the Freedom is worth a shot. Go on an app spree and include them.
A recon with that income should be possible. Shouldn't be too hard to get a low limit freedom.
