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Should I apply for another credit card?

tag
Creditaddict
Legendary Contributor

Re: Should I apply for another credit card?

1. I would check pre-qual on chase.com - Those ARE solid pre-approvals

2. I would apply for Amex Everyday, or blue, or delta

3. check pre-qual for capital one for a new better card than journey - those are also SOLID pre-approvals.

4. locate the backdoor number in "Helpful threads" towards the back and call BofA and ask for a reconsideration.

Message 11 of 14
Anonymous
Not applicable

Re: Should I apply for another credit card?


@Anonymous wrote:

Got my first CC in Apr2014 & applied for an AMEX BCE in Nov2014 & was approved for $3500. Didn't try any prequal cause I opted out in my last year of high school 

 

Background: I was 19 for both apps, first CC was $500 but I got a $500 CLI a few weeks before AMEX approval (wasn't reported yet though), applied for Macy's two months before AMEX approval, & listed annual income at $15,000 (student) 

 

I say it's not impossible but because you're almost at 6 months I would try for CLI first then apply for a new card


hi i was just wondering

 

a) what does CLI mean?

 

b) which AMEX card did you apply for?

Message 12 of 14
Kirmie2010
Established Contributor

Re: Should I apply for another credit card?

BofA pre approval works finefor me, We recommend, isnt a pre approval.  Congratulations!  is a pre approval.  Did yours have Congratulations! or something else?  (confuses alot of people because a denial looks like an approval)

 

Short history, I wouldnt app for another card for about 2 months.  Maybe a cap1  quicksilver now or in a few months a barclay rewards/chase freedom or discover it card.

 

discover, chase, bofa, usbank, amex, citi all have pre approval sites, you may try those.  If it doesnt say Congratulations! first, its not a pre approval.  

(Discovers is worded weird as well and seems like an approval)

*edit*
CLI=Credit Limit Increase

and I dunno about the AMEX, they have eluded me thus far! 

Message 13 of 14
Anonymous
Not applicable

Re: Should I apply for another credit card?

I would hold off on applying for any more cards for a couple of months. You are continuing to drive inqs onto your report without benefit. After two months have passed, I would check out Chase's prequal site. Freedom is a good card that many people keep as part of their rotation. Additionally, Chase's prequal site is fairly solid; you can generally rely on the results. 

 

Do you bank at a credit union? One of the other good solutions for you might be to apply for a credit card through your credit union (if you have one). Even if it is only $500, it is an improvement on what you have now. 

Message 14 of 14
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