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Next Card advice?

Senior Contributor

Re: Next Card advice?


longtimelurker wrote:

mongstradamus wrote:

loviedovie wrote:
Mongstradamus-

Thanks! I am new to this and wondering- if I get pre-approved is that a good reflection of my actual approval odds for applying for the cards?

That part I am not sure about, I think you qualified or met some of their pre approval requirements,but its not quite an shoe in or guarantee you will be approved


It is not a guarantee (e.g. something might have appeared on your CR after their pull), but as someone (enharu?) said it's a better predictor than anything else that you get.


So its about as accurate as a Weather report. If you believe in those.





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
Valued Contributor

Re: Next Card advice?


Themanwhocan wrote:

longtimelurker wrote:

mongstradamus wrote:

loviedovie wrote:
Mongstradamus-

Thanks! I am new to this and wondering- if I get pre-approved is that a good reflection of my actual approval odds for applying for the cards?

That part I am not sure about, I think you qualified or met some of their pre approval requirements,but its not quite an shoe in or guarantee you will be approved


It is not a guarantee (e.g. something might have appeared on your CR after their pull), but as someone (enharu?) said it's a better predictor than anything else that you get.


So its about as accurate as a Weather report. If you believe in those.


LOL! Well, 3-day forecasts are about 85% accurate, and 4-7 day forecasts are about 75% accurate!

 

So, obviously not perfect...but definitely not as bad as many think XD


Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Frequent Contributor

Re: Next Card advice?

The Discover/Chase Freedom duo is a great way to start out.

TU: 768 | EQ: 769 | EX: 764
Last INQ: 9/3/16
AAoA: 2y 11m
Lowest limit: Citi Double Cash MasterCard - $14,000
Highest limit: Discover It - $56,000
Available credit: $177,100 (6 cards)
Member

Re: Next Card advice?

For the record Citi Forward *does* have a rewards system.  5x points on bookstores, restaurants and entertainment, and 1x points on the rest.

Citi Forward ($1700)
Discover IT ($1500)
Chase Freedom ($1000)
AMEX BCE ($2000)
Regular Contributor

Re: Next Card advice?

aerin_sol that is true. It's just that from what I have noticed so far, the thank you points can pile up into tens of thousands before you can get even a 50$ gift card back. So I thought maybe a cash back card would yield more rewards with a straight 1% return.. Maybe I just have to look into it more?

Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740