08-04-2010 01:37 PM
For the record I was going to hold down my "App Spree" to one or two applications. I am sure some lenders will not want to see any action/inquiry listed when they are cosidering an application. Which is exactly why I have requested the trusted team of MyFico posters to point me in the right direction!ha! All in all I would be more than happy with one new card. I believe that with a pay down of my overall UTIL% I should be in line for something. I would like to think I had a strong shot at a Citi or Chase card (if anyone has the exact numbers needed for one of those please send them along). And then follow with a Cap One application and see what happens.
If any reader thinks another card should be considered first please throw in your recommendation! I am anxious to hear!
All your comments have been greatly appreciated!!
08-04-2010 01:49 PM
personally, since your credit is on the better side, i would steer away from capital one. they are more "sub-prime" and they pull ALL 3 cra's. most others will only pull one.
08-04-2010 01:56 PM
With your current credit profile, I would suggest starting with Credit Unions and staying away from the big guys. A CU will be more lenient, while the big guys like Chase will just flat out deny without even thinking twice about a recon.
08-04-2010 02:05 PM
I would pay down and make sure all is reported before applying.
Presuming that you will shop at Nordstrom, I would apply only for Nordstrom. IMO, The Nordstrom VISA which you should eventually get is a best choice.
Wait six months apply for next choice.
08-04-2010 05:02 PM
If you can pay down your UTL to 0-10%, your initial CL will be higher than if you apply now. With your credentials listed above, you will most definitely get approved for Citi and Chase.
I am not sure about Discover, but I'm sure you would get approved once your UTL is 0-10%. Having no inquires is definitely going to work in your favor. PERSONALLY, I would not apply with Chase. I think customer service and overall satisfaction would be higher with other cards. I would probably recommend CITI Plat Select. They are known to give out decent initial CL - depending on your annual income, you would probably get approved for something like $3000 and strong chance for a CLI in six months.
Discover is a great card. I am a strong advocate for them. They have treated me very well over the years as has CITI.
Let us know what you do. Good Luck with your application(s)!