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Valued Contributor
Posts: 1,603
Registered: ‎09-15-2012
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Is the Forward card a good option for me?

[ Edited ]

I have thought about the Forward card for a while because it has 5X points on restaurants and I spent over $3,000 at restaurants through the first 11 months of this year.  That's over $150 in rewards I missed out on.

 

Now that both the Freedom and Discover 5% categories have been released, I have decided that only the Freedom is really going to benefit my spending needs given the 2 quarters with 5% on gas, and the first quarter with restaurants at 5%.  I will be applying for this in late December, and not applying for the Discover.  With that, I have an open space in my wallet for the year to help maximize my rewards.  So this is where the Forward comes in.

 

A couple questions are: does an application for the Forward in March (as the Freedom 5% is expiring) fit my card needs from what you all can tell?  I plan to use the rewards on my student loans.  What are the underwriting standards?  I haven't seen a lot of discussion on this, but most of the people on the forum who have the non-student Forward have scores in the 700s with multiple years of history.  What are my chances?  Any comments on the Forward card or Citi overall?

 

My profile:

Over 4 years AAoA on all 3 bureaus

Will hit 6 months history with my only credit card (Capital One $3,000 limit) on December 15.  Currently 8% Utilization.  I always PIF.

Multiple student loans reporting on each bureau.  Also a 28 month car loan.

No baddies - everything paying as agreed.

2 INQs on each report as well, all will be 6 months old in December.  Since I plan to apply for Amex BCP (perhaps a long shot) and Chase Freedom in December, there will by additional INQs, and possibly new accounts reporting.

Income of $60K

Credit Score was 700 in June (don't know what bureau, per Capital One pull).  Score should be higher now, especially with a new mix of credit and new available credit of over $3,000


In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015
Frequent Contributor
Posts: 297
Registered: ‎08-28-2012
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Re: Is the Forward card a good option for me?

I think you have a good chance for the Forward.  Citi's TY points can be a little confusing due to different redemption rates (some gift cards are worth more than others, cashback is not worth a lot, etc.) though, but I heard its decent for student loan payments.  I think the card will be a good fit for you since you spend a lot at restaurants.  The points add up really fast...I got more than 10k TY points after my first statement due to heavy use, lol!

 

Also, Amazon counts as a "bookstore" so you get 5x points on Amazon too!

AMEX BCE, Discover IT, Citi Forward, BoA Travel Rewards
FICO: TU 795 Last App: November 2012
Valued Contributor
Posts: 1,603
Registered: ‎09-15-2012
0

Re: Is the Forward card a good option for me?

Thanks! I didn't know that, that will be a nice added feature.

Your 10K TY points were probably from the sign up bonus + paperless statement bonus. Unless you spent $2,000 at amazon.

In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015
Valued Contributor
Posts: 1,603
Registered: ‎09-15-2012
0

Re: Is the Forward card a good option for me?

I guess I'll be more specific...anyone with insight on Citi's credit requirements?  Chances I will be approved if I apply in December or March?


In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015
Regular Contributor
Posts: 202
Registered: ‎11-04-2012
0

Re: Is the Forward card a good option for me?

You have a solid file, I got the foward with worse. I would say go for it. 

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: Is the Forward card a good option for me?

Don't forget the Citi Dividend Platinum Select. It's similar to the freedom with cash back and rotating 5%

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Is the Forward card a good option for me?

[ Edited ]

i spend way more than 3k a year eatin out...i have the forward and i rack up points like crazy but they arent worth that much

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
Posts: 1,603
Registered: ‎09-15-2012
0

Re: Is the Forward card a good option for me?


armbenderc wrote:

Don't forget the Citi Dividend Platinum Select. It's similar to the freedom with cash back and rotating 5%


I didn't know about this card - it doesn't get much mention on this site.

 

When will the 2013 categories be announced?  Are there ever gas or restaurant categories?


In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015
Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: Is the Forward card a good option for me?


SnackTrader wrote:

armbenderc wrote:

Don't forget the Citi Dividend Platinum Select. It's similar to the freedom with cash back and rotating 5%


I didn't know about this card - it doesn't get much mention on this site.

 

When will the 2013 categories be announced?  Are there ever gas or restaurant categories?


It's a pretty good card. It doesn't show what categories is coming up until it is up and you have to signup for it.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Frequent Contributor
Posts: 297
Registered: ‎08-28-2012
0

Re: Is the Forward card a good option for me?


SnackTrader wrote:
Thanks! I didn't know that, that will be a nice added feature.

Your 10K TY points were probably from the sign up bonus + paperless statement bonus. Unless you spent $2,000 at amazon.

It wasn't from the signup bonus; I applied for the student version and had no signup bonus.  I indeed did spend a lot at Amazon, bought a TV and upgraded some equipment. Smiley Happy

 

 

 

AMEX BCE, Discover IT, Citi Forward, BoA Travel Rewards
FICO: TU 795 Last App: November 2012
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