Looking to add CSP to my portfolio, do I even qualify?

[Youngcredit23]

I'm approaching 7 months of my credit journey, and so far I have two cards, the American Express Blue Cash Everyday($2,300CL) and the Chase Freedom($500CL). I was looking to add one more card to my portfolio for a total of three cards, until I'm finished with college, on with my real career, and making decent money.

I was looking to add the Chase Shappire Preferred, but through some research, looks like I won't be qualified for this card where I stand now.

-I'm 18, working part time and going to school so my yearly salary with taxes taken out is $6,100.

-I have two revolving accounts, the Chase Freedom that's been open for 6 months and the Amex BCE that's been open for 1 month.

-EXP Fico of 730, Utilization is 0% at the moment, 2 inquiries.

What do you guys think? Any other info you guys need from me to better address the question?

[MrCollector]

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@Youngcredit23 wrote:

I'm approaching 7 months of my credit journey, and so far I have two cards, the American Express Blue Cash Everyday($2,300CL) and the Chase Freedom($500CL). I was looking to add one more card to my portfolio for a total of three cards, until I'm finished with college, on with my real career, and making decent money.

I was looking to add the Chase Shappire Preferred, but through some research, looks like I won't be qualified for this card where I stand now.

-I'm 18, working part time and going to school so my yearly salary with taxes taken out is $6,100.

-I have two revolving accounts, the Chase Freedom that's been open for 6 months and the Amex BCE that's been open for 1 month.

-EXP Fico of 730, Utilization is 0% at the moment, 2 inquiries.

What do you guys think? Any other info you guys need from me to better address the question?

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Doubt they will give you a card that has a min $5K limit with $6.1K income. Give it some time before you apply.

[CF_Frost]

Income, limits, and history could be your downfall here. 3X the Amex when eligible but the income and history would still trouble an analyst IMO. Doesn't hurt that you'll have a history with Chase though. Be patient.

[Creditaddict]

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

[fot1]

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@Creditaddict wrote:

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

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Why add the Discover IT card when op has the Freedom card? They are so similair.  OP I don't think you could get the CSP at your income and credit lenght.. I f you want to add another card look at  maybe adding the Quicksilver card now or Sallie Mae card in 6 months..

[Creditaddict]

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@fot1 wrote:

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@Creditaddict wrote:

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

---

Why add the Discover IT card when op has the Freedom card? They are so similair.  OP I don't think you could get the CSP at your income and credit lenght.. I f you want to add another card look at  maybe adding the Quicksilver card now or Sallie Mae card in 6 months..

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good bank to build relationship with.

good rewards that are similar to freedom if you max them out.

I to like the suggestion of getting Sallie Mae!

[dodgerslv]

i gotta agree with CA, go for either Sallie Mae adn/or Discover.

[Youngcredit23]

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@Creditaddict wrote:

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

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When the ask for income on applications, are they asking for pre-tax? I've assumed on both applications for the Freedom and BCE that they were asking for post-tax income.

I'm also hesitant to ask for the 3X CLI on my BCE. I recently just read on a thread that Amex revolvers like to cap of at 40% of your given income. If that's the case, my current $2,300 CL is pretty close to 40% of my income.

No prequalifieds on the Chase right now so looks like I need to be patient. Thanks!

[Creditaddict]

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@Youngcredit23 wrote:

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@Creditaddict wrote:

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

---

When the ask for income on applications, are they asking for pre-tax? I've assumed on both applications for the Freedom and BCE that they were asking for post-tax income.

I'm also hesitant to ask for the 3X CLI on my BCE. I recently just read on a thread that Amex revolvers like to cap of at 40% of your given income. If that's the case, my current $2,300 CL is pretty close to 40% of my income.

No prequalifieds on the Chase right now so looks like I need to be patient. Thanks!

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the amex computer is something amazing and if they cap at 40% then let them tell you what that is in an instant counter when you apply for the CLI (it's always sp!)

[Creditaddict]

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@Creditaddict wrote:

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@Youngcredit23 wrote:

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@Creditaddict wrote:

you also want to give your full income pre-tax if you ask me... I usually say income of at least $12k a year if applying for bigger cards like CSP.

I would also do your 3x cli requerst with Amex if the $2300 was your starting limit.

For chase, I would check the pre-qual online and not cold apply for that card right now if you don't have an offer.

Consider adding the Discover it now.

---

When the ask for income on applications, are they asking for pre-tax? I've assumed on both applications for the Freedom and BCE that they were asking for post-tax income.

I'm also hesitant to ask for the 3X CLI on my BCE. I recently just read on a thread that Amex revolvers like to cap of at 40% of your given income. If that's the case, my current $2,300 CL is pretty close to 40% of my income.

No prequalifieds on the Chase right now so looks like I need to be patient. Thanks!

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the amex computer is something amazing and if they cap at 40% then let them tell you what that is in an instant counter when you apply for the CLI (it's always sp!)

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and income questions are usually GROSS which is pre-tax.