01-23-2013 07:06 PM - edited 01-23-2013 07:07 PM
I applied and was approved for the CSP back in October with a $5k limit, the Freedom about a month after with a $3k limit, and also have a Chase checking account. I've paid off both in full each month since then. Is it too soon to apply for the Hyatt? The annual free night and 2 night sign up bonus are really tempting me, especially with Valentines day coming up.
01-23-2013 08:40 PM
You can try but I have a feeling you won't get it. Given they only gave you the bare minimum of 5k on the CSP and less than that (3k) for the Freedom, they'll probably deny you for the Hyatt and say they want to see how you handle those new accounts first.
01-23-2013 09:12 PM
I am not a credit expert, therefore you should take the following information with a grain of salt. I was approved yesterday for the Hyatt card and my highest limit was 3k on my Jareds credit card. I also have no prior relationship with Chase. Our reports are different so I couldn't tell you, but there is a recent thread on someone receiving multple cards from Chase, I would check that out. I've also read that if you already have a 5k limit you are more likely to be approved. There are probably other things you need to take into account but I thought I would share my experience.
01-23-2013 10:27 PM - edited 01-23-2013 10:30 PM
Well it sounds like the Chase Marriott might actually be a better card after some research. I fear not being approved for either though.
The issue here isn't with your overall credit profile, since Chase has already given you 2 cards. It's just that lenders often don't want to give too many new accounts to someone in such a short amount of time.
If you use the cards that you have regularly and always PIF, you have a good chance to get a 3rd Chase card in another 3-6 months. Internal scoring and usage plays an important role in how Chase evaluates existing cardholders who apply for additional credit.
I actually think the Hyatt card is the overall better product, but if you're heavily invested in Marriott (as I am currently) or if Marriott fits your travel patterns better, then you should go with that instead.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.