I really would like to obtain a Sallie Mae MC as soon as possible. I will be on my own this summer and it would be nice to receive 5% back on groceries, and I would also like 5% back in bookstores (since I don't really like accumulating TY points) on my textbooks.
The problem is that I've heard that Barclays is INQ and new account sensitive. I'm conflicted with this advice, because on one hand I don't want a denial, but on the other hand I'm an impatient college student! I don't care about APR since I always PIF, and CL is not too important since I won't get anywhere near maxing out my rewards.
Now for my stats:
I have only two INQs on TU (one of which will age off in May), and the other was last year in June for my Discover. That's the tempting part.
I have three new accounts, however, according to CK. My Amex and Chase cards are reporting, and when I logged in today, I noticed that my Macy's AMEX got a $2,000 auto-CLI that appears to have resulted in a new TL? I don't know how that works, and I'm not sure if I believe that I do in fact have a new account. Regardless, I'm worried that these will prevent me from approval. Do you think that 2 (and maybe 3) new accounts is too many?
Discover TU FICO is 730 as of last month.
The Sallie Mae is the last card I want to obtain on my student income - then I'm content to stay in the garden until graduation in 2016 and let my accounts grow until I have the income (and higher scores) to support nice cards like the CSP. Please let me know when I should apply for it! If now is not the time, just knowing when is the time should be enough to tide me over lol!
20 years old | 4 Cards in my wallet | TU (3/28/14) 743
January 2013 - 1st Financial Bank USA Platinum VISA ($500 --> $1,500)
June 2013- Discover IT Student ($1,500 --> $1,800 --> $2,100), Citi Forward Student ($1,500 --> $2,900)
December 2013 - Macy's American Express ($1,000 --> $3,000)
February 2014 - American Express Blue Cash Everyday ($3,000), Chase Freedom ($2,000)
April 2014 - Sallie Mae MasterCard ($3,800)
