When to apply and which cards

[from500to700]

Hello everyone thank you all for the wonderfull advices. 

My credit score is getting up slowely but surely EQ is 662 EX is 629 TU is 646 all from low low 500

I have applied Bank since 09/2012 Limit $5000

Cap 1 secured since 03/2013 Limit $3000 

Never missed a single payment on both . utilization 0% applied , 5% Cap 1

TU and EQ has no baddies 

EX still has BK since 2008 and couple of baddies from 2008.

on Inquireies I have 6 on EQ , 7 on EX , 6 on TU last INQ was on 03/15/2013

Can you please advice me on which route should I go i want to achive my goal card the Palladium by 2016 but I need a thicker file . 

Applied Reports only on EX and TU 

Cap 1 report to all 3 CRA

Thanks for the help.

[notfancy]

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@from500to700 wrote:

Hello everyone thank you all for the wonderfull advices. 

My credit score is getting up slowely but surely EQ is 662 EX is 629 TU is 646 all from low low 500

I have applied Bank since 09/2012 Limit $5000

Cap 1 secured since 03/2013 Limit $3000 

Never missed a single payment on both . utilization 0% applied , 5% Cap 1

TU and EQ has no baddies 

EX still has BK since 2008 and couple of baddies from 2008.

on Inquireies I have 6 on EQ , 7 on EX , 6 on TU last INQ was on 03/15/2013

Can you please advice me on which route should I go i want to achive my goal card the Palladium by 2016 but I need a thicker file . 

Applied Reports only on EX and TU 

Cap 1 report to all 3 CRA

Thanks for the help.

---

Hello!

What else is on your credit report? Negatives/Derogatories, loans- student, home, auto... etc?

[from500to700]

Nothing else the baddies on EX where charge off by cap1 every thing else bad was removed.

No mortgage no student loan no auto loan but am willing to do whatever to make my file look great on 2016 to get Palladium.

[notfancy]

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@from500to700 wrote:

Nothing else the baddies on EX where charge off by cap1 every thing else bad was removed.

No mortgage no student loan no auto loan but am willing to do whatever to make my file look great on 2016 to get Palladium.

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Charge offs definitely count as baddies. I'm glad that the other things got removed though! I don't know how to go about getting a Palladium, but I do know you probably need a thicker file clean of all derogatories.

Have you looked into joining a credit union? Perhaps a credit builder loan (you can google this) might help just to add a bit more to your report. I'm sure others will chime in, but it's just easier to help if they have a good sense of your credit file. Good luck to you!

[longtimelurker]

Currently,  you need some sort of private banker to submit your app, which means having at least say $250K in an account with them.   So apart from credit score, you need to focus on that.

[from500to700]

I am there already in Chase Private Client , but I dont want to risk rejection casue of thin file. Since it is now central credit decesion not like before where your banker can say approve it.

[FastForward]

DH and I were able to get the Barclays Rewards MC (the version for average credit) with TU scores similar to yours, starting CLs of $1300-$1500. Barclays reports to all 3 bureaus and IME very quickly (within a day after approval). I've read that they are inquiry and new account sensitive though, so not sure how that would come to play in your situation especially if you're planning on app'ing/obtaining more TLs.
+1 on the suggestion to look into a local CU for various products. My local CU was the first to give me a CL at $5k and they seem to be more lenient with underwriting guidelines plus offer better interest rates in general (for CCs, consumer loans, etc.).
Also, you may want to look into another Cap 1 (unsecured) CC - like the Quicksilver One MC - albeit, they may start you off with a low CL and in the credit steps program (as IME) plus (as you know) they pull all 3 bureaus.
Anyway, just a few suggestions. Hope this helps and best of luck with your ultimate goal. I hadn't heard of the Palladium card until reading this thread. Very impressive! :-)