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Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
0

What should my next move be?

Hi guys, at the end of September, I was approved for an American Eagle retail card, not the VISA, but the strictly AE card. I was given a limit of only $175. (I had no credit history other than student loans from this year and last).

 

I've PIF since I've gotten my retail card and called about a CLI, but I have to wait about three more weeks before I can request for a CLI. I want to go for a regular card now, but I don't know if applying for two forms of credit in the matter of 2.5 months is too much or not.

 

Should I wait a little longer before applying for another card? Which cards would you recommended I apply for? Regular bank card or credit union? (Again, I'm a full time student so I only work part time making about 8k a year).

 

FAKO Scores are 666 TU and 710 EX.

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)
Regular Contributor
CotySinz
Posts: 237
Registered: ‎06-27-2011
0

Re: What should my next move be?

Most 'prime' cards like to see 6 months history at minimum - and they like to see actual credit cards not store cards I've read that some don't even factor store cards but YMMV.


Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013

Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
0

Re: What should my next move be?

By 'prime' you mean Discover, Chase, Citi, etc.? And wouldn't my history, though short, be more important to them than the store card lol. Would you not even recommend I apply for a student card.?
AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012
0

Re: What should my next move be?

www.whogavemecredit.com

 

Walmart would be a card I'd get.  Probably give you a $100 CL, but at least you get free TU Fico score each month.

Valued Contributor
Burned2manybridgesB4
Posts: 2,030
Registered: ‎03-15-2012
0

Re: What should my next move be?

Are you looking to finish the marathon with a tropy, or have a bunch of little runs that give ribbons as a reward?

I'm sure others will agree/disagree on this...don't go nuts getting cards that you'll outgrow quickly. Student cards should be just that (one student card).

 


Regular Contributor
CotySinz
Posts: 237
Registered: ‎06-27-2011
0

Re: What should my next move be?

You coud app for a Cap One student card. They suck but they will give you a start and get you into prime land.


Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013

Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
0

Re: What should my next move be?

I applied and was approved for the Capital One Journeys Card. I feel pathetic though cause they only gave me a $300. Guess I should just be grateful haha.

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)
Valued Contributor
daybreakgonesXe
Posts: 1,829
Registered: ‎11-17-2012
0

Re: What should my next move be?


WallyxD wrote:

I applied and was approved for the Capital One Journeys Card. I feel pathetic though cause they only gave me a $300. Guess I should just be grateful haha.


Be grateful! And 6 months down the road, i HIGHLY recommend you apply for a Discover More/Open Road Student!! My brother had a Journey as well at $500 and I added him as an AU on my Shell card, which at the time was only $400. When he app'd for Discover (which he had an invitation for), he got approved with a much higher limit than the others!! So there's hope :smileyhappy:

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

EQ FICO 735 TU FICO 747 Credit Karma (TU) 789 Transrisk 846/990 Credit Sesame (EX) 768 Credit.com (EX) 768 VantageScore 3.0 745
Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
0

Re: What should my next move be?

I am haha. Though the limit is a bummer, I can't wait to get my card :smileywink:

By the way, how long should I stay away from credit card applications.? 9-20 (around there) is when I got approved for AE, and today (12-11) is when I got approved for Capital One, so should I wait a specific amount of time before applying for another card.?

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)
Valued Contributor
daybreakgonesXe
Posts: 1,829
Registered: ‎11-17-2012
0

Re: What should my next move be?


WallyxD wrote:

I am haha. Though the limit is a bummer, I can't wait to get my card :smileywink:

By the way, how long should I stay away from credit card applications.? 9-20 (around there) is when I got approved for AE, and today (12-11) is when I got approved for Capital One, so should I wait a specific amount of time before applying for another card.?


I would recommend waiting at least 6 more months from the Capital One so you have 6 months worth of payment history to help your case! Since you do have really low limits so far, waiting a year from your first card (that 9/20 AE) would be even better for primeland. I waited about a year and a half from my first card before I app'd for Chase Freedom and wound up getting an excellent limit from them, as you can see in my siggy! Gardening pays off :smileyhappy:

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

EQ FICO 735 TU FICO 747 Credit Karma (TU) 789 Transrisk 846/990 Credit Sesame (EX) 768 Credit.com (EX) 768 VantageScore 3.0 745

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