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Hey everyone!
Back in December, I was approved for both a Discover IT and a BCE (limits below in signature, scores there as well). Currently a senior in college, 22 years old. I'm thinking it's probably a good idea to garden for a bit considering I have those two new accounts. After 61 days, I'm going to apply for the 3X CLI w/ AMEX and see what happens. 3X my current limit is $16,500, which seems like a lot of credit that wouldn't match the other cards I have. I think I'll go in for just $15,000 and see what happens. What do you guys think?
Also - I'm thinking I might apply for another card, but I'm not sure what. I've been thinking of Chase Freedom, perhaps, and maybe a charge card from AMEX. Once I get further established in the credit world (I'm getting there!), I will probably apply for a VS card.
Let me know what ya'll think. Any advice/assistance is greatly appreciated.
-DFS
Wow!
Off to a terrific start. Good work.
@Iwillgetthereeventually wrote:Wow!
Off to a terrific start. Good work.
Thanks, I appreciate it. I've had credit since roughly 2008 since I was an AU on my parents' gas card, but have had my own credit since 2010.
@FastForward wrote:
As for your question re: the 3xCLI with AmEx, why not just request for the full $16,500 and see what happens? I believe they will counter if not approved for that full amount. JMO
Agree that Chase Freedom would be a nice addition to your portfolio, if you're looking for another cash back CC. Since you already have a Discover and AmEx, I'd definitely suggest you look into a Visa or MC as your 3rd CC -- like the Chase Freedom, Barclay Sallie Mae, Citi Dividend.
If you travel on a regular basis, perhaps consider a card with cash back benefits for travel (with no FTF), like the Barclay Arrival or Capital One Quicksilver, as your 3rd card.
Anyway, just a few suggestions. And yes, I think a 3rd revolver would be beneficial for your credit file in the long run. Not sure if a 4th would be necessary.....for at least another 6 months after attaining your 3rd.
Good luck and congrats on your success thus far! Great start!
I don't travel all that much, so maybe I should put off applying for a travel card until I actually start to do it? Barclay Sallie May or Freedom seem like winners so far. What do you think about getting an AMEX charge card? I'm trying to have a variety of accounts and such.
1. Yes to Barclay and freedom.
2. No Amex charge... You won't spend enough to make it worth it.
3. Apply for full 3x cli, they will counter!
Is the SM Barclay really worth it? Anyone have it? I don't have student loans, and the only thing I would put on here is groceries (but the AMEX covers that cash back). Gas is covered through Shell card.
@DFStudent wrote:Is the SM Barclay really worth it? Anyone have it? I don't have student loans, and the only thing I would put on here is groceries (but the AMEX covers that cash back). Gas is covered through Shell card.
Then skip!