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New Member
AllforAbby
Posts: 4
Registered: ‎12-01-2012

Should I try to get 1-2 more credit cards before I start gardening?

Hi all!

 

I am new to the forums and this is my 2nd post. I've gotten so much info from reading the posts and I am hoping I can get some advice about the direction I should go prior to slowing down this spring. So basically I am asking what are my chances for being approved for at least one new line of credit given my current situation. I would like to try for the chase freedom card. I applied for the BofA card last april and was denied. At the time I wasn't reading for forums so I didn't even know that I could try for reconsideration.

 

1. just got a new car loan for $20k on 2/28

2. chase slate card cli from $6100 to $7500 this feb. (balance $3k)

3. discover card $4300 (balance $300)

 

most current score is a lender pull ( for the car loan) 677 (experian)

the AAoA is about 6 years and I have about 8 late payments on my accounts ( all from student loans). Last one was from 2.5 years ago, everything is current and up to date from that point. My credit report is totally clean for the last 2+ years. My thought is that hopeully I could get all the new credit that I need out of the way now and the increase in credit could decrease my utilization ratio. 

 

anyway - your imput would be greatly appreciated, as well as any suggestions of how to bring that fico score up. 

 

Many thanks in advance!!!

Starting score - 662
Current score - 672
Goal - 725 !
Frequent Contributor
scientifics
Posts: 411
Registered: ‎05-01-2010

Re: Should I try to get 1-2 more credit cards before I start gardening?

With 8 late payments, I imagine you'd have a hard time getting approved for a Chase Freedom.

New Member
Anotherhogfan
Posts: 7
Registered: ‎03-10-2013

Re: Should I try to get 1-2 more credit cards before I start gardening?

I was approved on Saturday morning for a chase freedom with a 640 score. I had to call and call back. They opened me with a low $500 cl but I've got my foot in the door

Let the journey begin!
Contributor
londonhogfan
Posts: 142
Registered: ‎01-15-2013

Re: Should I try to get 1-2 more credit cards before I start gardening?


Anotherhogfan wrote:
I was approved on Saturday morning for a chase freedom with a 640 score. I had to call and call back. They opened me with a low $500 cl but I've got my foot in the door

I was just about to post this



I'll be in the garden... FICO Score | TU-08: 732 in May 2013
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Should I try to get 1-2 more credit cards before I start gardening?

if you already have banking relationship with chase, and there's been no issues thus far, and you have always made MORE than just the minimum amount required, go ahead and apply. You should have a decent chance.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Senior Contributor
youngandcreditwrthy
Posts: 6,154
Registered: ‎08-16-2012

Re: Should I try to get 1-2 more credit cards before I start gardening?

I got a $5k limit with a 637 fico, after three recons.
Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
CredittotheMax
Posts: 270
Registered: ‎01-01-2013

Re: Should I try to get 1-2 more credit cards before I start gardening?

At least they let you in the door, they straight up told me to come back when I have at least a year of credit history. But, who cares, got two amex in the past 2 months, Im happy! 

$3.5k$4.5k$2k$4k$2k

FICO = EQ: 729 (6/13) TU:744 (12/27) EX: ?
Contributor
londonhogfan
Posts: 142
Registered: ‎01-15-2013

Re: Should I try to get 1-2 more credit cards before I start gardening?

after you feel after getting a successful recon.

 



I'll be in the garden... FICO Score | TU-08: 732 in May 2013
New Member
AllforAbby
Posts: 4
Registered: ‎12-01-2012

Re: Should I try to get 1-2 more credit cards before I start gardening?

I was hoping that my current relationship with chase would help, however, I am not sure how much they factor that kind of thing into new applications. Honestly, I am a little gun shy about apps right now. If my score doesnt take too much of hit from my car loan this month, I'll probably apply in april.

 

Thanks for all the comments and encouragement -

Starting score - 662
Current score - 672
Goal - 725 !

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