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Frequent Contributor
Veee
Posts: 252
Registered: ‎08-23-2008
0

Credit card comparison ...

I think I'm going to apply for another CC.  I only have a Target Visa and a Chase BP card.  The target I use and the BP I just started using again because its my oldest card and I don't want it to go away and lose the age.
 
I have been researching CC's and at this point I'm looking at the following ...
 
Chase Freedom
Discover More
Citi Platinum
HSBC Platinum Mastercard
 
My scores are listed below except for EQ which I got this weekend at 691. 
No inq's on TU and EX, for EQ 1 in 2007 and 2 in 2008
I'm in Florida if any one know who pulls which CR
Average age is 9 except TU is 7
I'm looking for basically a cash rewards card as I'm not usually an over the top CC user, I don't travel much either yada yada.  When I do use it I would like something in return :smileyhappy:
 
Any advise about who might be easier to get, who's better altogether etc ...
When I do a search HSBC comes up alot but I don't hear many of you liking them to much.
Because I have the Chase BP I was thinking not them either, just to have someone different.
 
Thanks for any input,
Veee
Myfico scores as of 11/12/08 TU 750 EX 722

MyFico scores as of 9/20/08 TU 638 EX 663 EQ 691
Regular Contributor
Miner
Posts: 221
Registered: ‎09-18-2007
0

Re: Credit card comparison ...

Do you have any collections or lates >60days or any recent negatives?  You are looking at some of the tougher CCs to qualify for and you Ex score looks a little weak if they pull it.
Oct 2008 FICO: EQ:706 ,EX:708, TU:720
Sept 2007 FICO: EQ:673, EX:683, TU:676
July 2006 FICO: EQ:627, EX:609, TU:645
Frequent Contributor
Veee
Posts: 252
Registered: ‎08-23-2008
0

Re: Credit card comparison ...

I think I've jumped the gun on this question or maybe just getting ahead of myself.  I'm not applying tomorrow (so to speak) though I would like to by the end of this year.
 
I have one collection - Midland, who I'm trying to get this to go away.  Providian is the CA and I noticed that EQ doesn't have it listed anymore so I'm hoping that the other two will follow suit and then we can finally get rid of Midland.  No other recent negs and only 1 30/60/90 days late from 2004.
 
TU is even weaker but I'm hoping with the above removed I'll be in alot better shape for the cards I'm looking at ... nothing else bad on my report.

Miner wrote:
Do you have any collections or lates >60days or any recent negatives?  You are looking at some of the tougher CCs to qualify for and you Ex score looks a little weak if they pull it.



Myfico scores as of 11/12/08 TU 750 EX 722

MyFico scores as of 9/20/08 TU 638 EX 663 EQ 691
Regular Contributor
Miner
Posts: 221
Registered: ‎09-18-2007
0

Re: Credit card comparison ...

[ Edited ]
If your scores are that low with only one old late, then those collections must be recent or you are carrying a high amount of CC debt.  But if the collections go and your scores get up near or past 700, you should be fine.  The likelyhood of them accepting you depends on your person credit history even if your scores are higher.  As to which ones you should get, depends on what you are looking for in a credit card.  Rewards?  Low APR?  Chase, CIti and Discover are all good cards.
 
Personally, of the cards you are looking at, I'm only looking at the Chase Freedom and the Discover Card so those are the only ones that I've looked into.  I always PIF so I'm only interested in Reward Cards and don't mind a higher APR.  I want the Chase Freedom because I want a good rewards Visa from a top tier Bank.  I currently have no Visa cards and Citi only has MCs that interest me, so Chase is in and Citi is out.  I already have 2 high CL Reward MCs and I don't want another MC.  Discover was my favorite credit card for 13years until they closed it for non payment 5 years ago when I was out of work so I'd like to get one again.
 
From reading the results of others here who have applied for those 2 cards, scores > 680 is the minimum with over 700 having a much higher chance to obtaining these cards.  Serious negaitves (lates that are 90days or greater), BKs, recent collections, too many inquiries, etc. will likely kill your chances.  All your remaining negatives should be aged.


Message Edited by Miner on 09-27-2008 11:09 PM
Oct 2008 FICO: EQ:706 ,EX:708, TU:720
Sept 2007 FICO: EQ:673, EX:683, TU:676
July 2006 FICO: EQ:627, EX:609, TU:645
Valued Contributor
jmbfl
Posts: 1,185
Registered: ‎03-04-2008
0

Re: Credit card comparison ...

Unless your scores are 690+ and you are not reporting any unresolved baddies don't bother with Discover. You'll end up being kicked to HSBC and you don't want that. I did get a high CL card from them recently with a score around 700, a bunch of old lates (3+ years, 1 120-day) and a closed account with a balance reporting. None of this was unresolved. If was also reporting another, higher credit line.
Senior Contributor
score_building
Posts: 3,552
Registered: ‎01-10-2008
0

Re: Credit card comparison ...

consider replacing hsbc w/ a cu card as one of the four you look at before deciding.
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Regular Contributor
spiritcraft1
Posts: 163
Registered: ‎08-15-2008
0

Re: Credit card comparison ...

What about an EQ pulling CU? 
11/6/09 TU 724 / EX 739 (FICO from CU) / EQ 701
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Credit card comparison ...

Join Penfed and apply for their Cash Back card. They pull Equifax.
Established Contributor
jaxstraw
Posts: 570
Registered: ‎03-29-2008
0

Re: Credit card comparison ...

I'm with Smallfry. With the info provided PenFed is who I'd try first. Grest card and CU. Only pulls EQ. Score is in their approval range. Good average age.
They approved me with a few lates still on my report so maybe that shouldn't matter.
If the info provided is correct the OP would stand a decent chance at approval.

Jax
Jax

*************************************************************************************
Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Frequent Contributor
Veee
Posts: 252
Registered: ‎08-23-2008
0

Re: Credit card comparison ...



Miner wrote:
If your scores are that low with only one old late, then those collections must be recent or you are carrying a high amount of CC debt. 
Midland is the recent that's killing me which I hope to be over in the next couple of months.  I do have high amount on CC (new furniture last month) it will be paid off in the next couple of weeks.
 
But if the collections go and your scores get up near or past 700, you should be fine.  The likelyhood of them accepting you depends on your person credit history even if your scores are higher.  What exactly do you mean "person" credit history?
 
As to which ones you should get, depends on what you are looking for in a credit card.  Rewards?  Low APR?  Chase, CIti and Discover are all good cards.  OP, just looking for cash rewards as I'm not a typical CC user and want something back for using the card.
 
Personally, of the cards you are looking at, I'm only looking at the Chase Freedom and the Discover Card so those are the only ones that I've looked into.  I always PIF so I'm only interested in Reward Cards and don't mind a higher APR.  I want the Chase Freedom because I want a good rewards Visa from a top tier BankDitto but since I have a Visa would like a MC.  I currently have no Visa cards and Citi only has MCs that interest me, so Chase is in and Citi is out.  I already have 2 high CL Reward MCs and I don't want another MC.  Discover was my favorite credit card for 13years until they closed it for non payment 5 years ago when I was out of work so I'd like to get one again.
 
From reading the results of others here who have applied for those 2 cards, scores > 680 is the minimum with over 700 having a much higher chance to obtaining these cards.  Serious negaitves (lates that are 90days or greater), BKs, recent collections, too many inquiries, etc. will likely kill your chances.  All your remaining negatives should be aged.


Message Edited by Miner on 09-27-2008 11:09 PM

Thank you so much for you input!
Veee
Myfico scores as of 11/12/08 TU 750 EX 722

MyFico scores as of 9/20/08 TU 638 EX 663 EQ 691

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