Elcid89 wrote:Nah, just apply for the card if you like. I will say that they are going to look at more than scores with this card. They have minimum income floors in place as well.
Do you know what the income floor is? It is probably just whatever is needed to qualify for signature. Maybe $36k annually as long as everything else looks good.
If you take advantage of the additional rewards they have on their site (some places like Starbucks, etc. run 10, 15, 20% cash back deals), plus your 1% on anything outside of those or the quarterly 5% deals, your rewards can\do add up quickly. Especially if you push a lot through it every month.
Whether or not it is worthwhile just depends on your needs or your qualification citeria. Me personally, I am in a rebuild mode and cannot qualify for some of the top tier prime cards...yet. 
For me, Discover is a nice staring prime card. I get rewards (that I use), no af, 0% financing for the first 15 months, and a card that will grow with me. Is it the best out there...no, but for a beginner, I think it's a pretty nice card. Oh, and customer service has been really nice too. 
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https://www.discover.com/credit-cards/get-discover
Choose between cash back or travel. Choose between a sign on bonus or an interest free period.
Elcid89 wrote:I have no idea what their cutoff is. I was approved with my scores and $335k in income. My son was declined with 760 range credit / no baddies and $65k in income.
Does he have other high limit cards? Sometimes that can cause problems. If open utilization is already high relative to income. For example, if he already had $50k in available credit. They may determine his income and length of credit history aren't sufficient to cover more available credit.
Elcid89
Have you ever thought about getting the reserve card? I think your spending and use of the benefits might warrant the annual fee.
https://creditcards.citi.com/credit-cards/hilton-h
Elcid89 wrote:
Dustink wrote:
Elcid89 wrote:I have no idea what their cutoff is. I was approved with my scores and $335k in income. My son was declined with 760 range credit / no baddies and $65k in income.
Does he have other high limit cards? Sometimes that can cause problems. If open utilization is already high relative to income. For example, if he already had $50k in available credit. They may determine his income and length of credit history aren't sufficient to cover more available credit.
All of those would have triggered a specific line item on the denial letter. There was nothing, at all, other than "you do not meet our underwriting ...". They didn't even pull his credit as far as we can tell. No inquiry ever showed up.
Wow, now I just want to apply for the heck of it. I think I will wait until I actually have a shot at approval. Although, always hard to tell what that is. I will go check some stats at Credit Karma. It looks like the average limit is between 5 and 10k. The average credit score is between 720 and 750, and the average account holder is around 30 years old.
Credit karma has my score at 744, but that is a FAKO score and is low this month due to utilization. I think I would likely be declined, but never know.
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