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charleeislegend
Posts: 103
Registered: ‎07-21-2012

So I finally got a credit score... (FAKO)

So my credit score finally came in, I have 764 on credit karma, with 4 months of history on my AMEX, and 2 months on my Chase Sapphire. I know i should garden more, but with my credit score i have such a hard itch to app. Should i pull the trigger even though my history is so young?! I want to app for citi forward, and discover IT, and maybe freedom.

Credit Karma (TU) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: So I finally got a credit score... (FAKO)


charleeislegend wrote:

So my credit score finally came in, I have 764 on credit karma, with 4 months of history on my AMEX, and 2 months on my Chase Sapphire. I know i should garden more, but with my credit score i have such a hard itch to app. Should i pull the trigger even though my history is so young?! I want to app for citi forward, and discover IT, and maybe freedom.


No, I would wait until your accounts are 6 months old and you can pull a true FICO score. After that, I would pick up just 1 card and garden for a year.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
charleeislegend
Posts: 103
Registered: ‎07-21-2012

Re: So I finally got a credit score... (FAKO)

[ Edited ]

its just ive been reading on other credit forums people getting these cards after only two months of history, its making me so jealous! I just want a card for myself instead of sharing as an AU and Joint with the girlfriend.

Credit Karma (TU) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
Valued Contributor
maiden_girl
Posts: 1,767
Registered: ‎12-29-2011

Re: So I finally got a credit score... (FAKO)


LS2982 wrote:

charleeislegend wrote:

So my credit score finally came in, I have 764 on credit karma, with 4 months of history on my AMEX, and 2 months on my Chase Sapphire. I know i should garden more, but with my credit score i have such a hard itch to app. Should i pull the trigger even though my history is so young?! I want to app for citi forward, and discover IT, and maybe freedom.


No, I would wait until your accounts are 6 months old and you can pull a true FICO score. After that, I would pick up just 1 card and garden for a year.

 


Based on the signature...the OP is an AU on some accounts. Credit karma may not be a true FICO score but the real FICO is somewhere in that vicinity...much lower than credit karma really says. But I do agree with LS2982. I'd wait until your personal accounts are at least a year before opening any new credit.

 

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Established Contributor
jamie123
Posts: 658
Registered: ‎03-22-2012

Re: So I finally got a credit score... (FAKO)

I would wait until I had 6 months of history on the first card at least, but that is just me. Usually approvals are based on 2 criteria, scores AND history. Your scores qualify you for almost any card you want. Your history on the other hand....Well, you know...



Starting Score: EQ 658 6/18/12
Current Score: EQ 680 9/23/13
Goal Score: EQ 720+
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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: So I finally got a credit score... (FAKO)

[ Edited ]

jamie123 wrote:

I would wait until I had 6 months of history on the first card at least, but that is just me. Usually approvals are based on 2 criteria, scores AND history. Your scores qualify you for almost any card you want. Your history on the other hand....Well, you know...


OP's FICO at 6 months is likely to be at high 600's / low 700's so not quite any card they want, but some nice prime ones will be available.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
maiden_girl
Posts: 1,767
Registered: ‎12-29-2011

Re: So I finally got a credit score... (FAKO)


LS2982 wrote:

jamie123 wrote:

I would wait until I had 6 months of history on the first card at least, but that is just me. Usually approvals are based on 2 criteria, scores AND history. Your scores qualify you for almost any card you want. Your history on the other hand....Well, you know...


OP's FICO at 6 months is likely to be at high 600's / low 700's so not quite any card they want, but some nice prime ones will be available.

 


Score wise, OP would qualify for a number of cards...BUT...will be denied due to limited history. I don't believe they count AU history during credit applications do they?

 

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Contributor
charleeislegend
Posts: 103
Registered: ‎07-21-2012

Re: So I finally got a credit score... (FAKO)

I believe they can only know that my AMEX is an AU account if they do a manual review, lets just hope when i apply i get instant approvals! :smileywink:

Credit Karma (TU) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: So I finally got a credit score... (FAKO)


maiden_girl wrote:

LS2982 wrote:

jamie123 wrote:

I would wait until I had 6 months of history on the first card at least, but that is just me. Usually approvals are based on 2 criteria, scores AND history. Your scores qualify you for almost any card you want. Your history on the other hand....Well, you know...


OP's FICO at 6 months is likely to be at high 600's / low 700's so not quite any card they want, but some nice prime ones will be available.

 


Score wise, OP would qualify for a number of cards...BUT...will be denied due to limited history. I don't believe they count AU history during credit applications do they?

 


Not really, they are more interested in what the applicant has done on their own.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
charleeislegend
Posts: 103
Registered: ‎07-21-2012

Re: So I finally got a credit score... (FAKO)


LS2982 wrote:

maiden_girl wrote:

LS2982 wrote:

jamie123 wrote:

I would wait until I had 6 months of history on the first card at least, but that is just me. Usually approvals are based on 2 criteria, scores AND history. Your scores qualify you for almost any card you want. Your history on the other hand....Well, you know...


OP's FICO at 6 months is likely to be at high 600's / low 700's so not quite any card they want, but some nice prime ones will be available.

 


Score wise, OP would qualify for a number of cards...BUT...will be denied due to limited history. I don't believe they count AU history during credit applications do they?

 


Not really, they are more interested in what the applicant has done on their own.

 


question on this, does this mean they will also not count my joint account as highly as a single account would?

Credit Karma (TU) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900

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