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Need Some Help

Regular Contributor

Need Some Help

Just need some simple yes or no here...

 

I've been wanting to app for a card that gives me at least some form of kickback for my spending. Currently, I'm running everything on my Citi Sears card which gives points but are only good at Sears. I've been eyeing up the Discover IT and keep getting pre-approval invites from them. I've been meaning to wait until my credit situation is perfect (utilization, HPs, etc.) Here are my current stats...

 

Citi Sears MasterCard (Using $590/$3000) (had this card over a year)

Barclay's (Using $200/$2000) (had this card since June)

 

I always pay in full every month for whatever is on my statement.

 

Student loans that are paid ahead and a car loan paid on time I opened in July.

 

CRs are clean. HP's are TU: 3, EX: 4 (3 are for a car loan), EQ: 1

 

Am I just too scared to pull the trigger?? I really only have the cards I have because I needed to build revolving credit and I didn't want to pay the Mac up front and be out the money at once. Now I'm looking for a card that offers me something though.

 

Income around 52k a year.

 

1. Am I good to app or keep waiting? Potentially until I get the utilization on my cards to next to 0%

2. If yes, should I go for Discover IT or Amex BCE? What else would you guys recommend instead (Freedom, etc)

 

Thanks to everyone!!

FICO - TU: 806 | EQ: 775 | EX: 805

22 REPLIES
Frequent Contributor

Re: Need Some Help

i say pull the trigger on any. i got the BCE with over 60% util, but i got a low limit. u seem good.

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500
Senior Contributor

Re: Need Some Help


dbutz1109 wrote:

Just need some simple yes or no here...

 

I've been wanting to app for a card that gives me at least some form of kickback for my spending. Currently, I'm running everything on my Citi Sears card which gives points but are only good at Sears. I've been eyeing up the Discover IT and keep getting pre-approval invites from them. I've been meaning to wait until my credit situation is perfect (utilization, HPs, etc.) Here are my current stats...

 

Citi Sears MasterCard (Using $590/$3000) (had this card over a year)

Barclay's (Using $200/$2000) (had this card since June)

 

I always pay in full every month for whatever is on my statement.

 

Student loans that are paid ahead and a car loan paid on time I opened in July.

 

CRs are clean. HP's are TU: 3, EX: 4 (3 are for a car loan), EQ: 1

 

Am I just too scared to pull the trigger?? I really only have the cards I have because I needed to build revolving credit and I didn't want to pay the Mac up front and be out the money at once. Now I'm looking for a card that offers me something though.

 

Income around 52k a year.

 

1. Am I good to app or keep waiting? Potentially until I get the utilization on my cards to next to 0%

2. If yes, should I go for Discover IT or Amex BCE? What else would you guys recommend instead (Freedom, etc)

 

Thanks to everyone!!


You could apply for both of those if you want. And a Sallie Mae rewards Mastercard. I like App sprees in groups of 3.

 

Ideally you would get one of your existing cards to report a zero balance first.





TU-8: 755 EX-8: 771 EQ-8: 763    EX-8 Bankcard: 815    
TU-9 Bankcard: 795 EQ-9: 822
   EX-98: 735 EQ-04: 730
Total $437,800
Regular Contributor

Re: Need Some Help

The Barclay's card $200 is still from the Mac I put on it with 0% financing. I've been waiting to get that to $0, paying $100 a month, but I'm really starting to get the itch to app for better cards. Whats the best way to approach an app spree? Never done one.

FICO - TU: 806 | EQ: 775 | EX: 805

Frequent Contributor

Re: Need Some Help

BEST WAY---- APPLY APPLY APPLYSmiley Very Happy


*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500
Regular Contributor

Re: Need Some Help

Shamefully giving myself a comment bump in hopes that I get some more feedback. Returning to my hole now...

FICO - TU: 806 | EQ: 775 | EX: 805

Valued Contributor

Re: Need Some Help

I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Epic Contributor

Re: Need Some Help


notfancy wrote:

I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.


DO IT! DO IT NOW!!

Epic Contributor

Re: Need Some Help

Oh and I recommend Amex BCE or BCP if you can make it worth it, Discover it, and Freedom all at once Smiley Happy

Valued Contributor

Re: Need Some Help


Creditaddict wrote:

notfancy wrote:

I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.


DO IT! DO IT NOW!!


I literally LOLd

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14