When to apply for another credit card?

[Anonymous]

I am new to the credit world as of 3 months ago. I wanted to start building my credit so I talked to my bank and we decided to apply for the PNC cash builder. Two weeks later I was denied. The same day I got the letter I did some research and applied for the capital one student journey card. I was approved in less than a minute with a $300 credit limit. I am very good with money and finances for my age (21) and really would love to get another card with higher cash back. I currently get 1-1.25% cash back with my journey card. I really love everything about the sams club master card because it earns 5% on gas, 3% on travel/dinning, and 1% on everything else. No annual fee and it has special financing offers such as no interest on tv's, computers, tires, jewelry, etc. I don't want to apply and get denied because I will have to wait a few months to try again so I just want to know when is a good time to apply? I have a TU score of 722 and no debt. 

[Anonymous]

i would try with the Discover It. They arevery liberal with CL IMO

[B335is]

Have you tried any of the pre-qualifiers?  I don't think you will get anything from Chase or Citi, but Amex, Barclays and Discover might be possible.  Discover tends to like people who have few accounts and young credit age.

[Anonymous]

On the discover website I was pre qualified for the it card but I'm not sure if it says that for everyone or it's really pre approved. 

[Skye12329]

Mixed reviews with discover pre-qual. I applied when i got a mailer and got approved, but others have said before that you can put in mickey mouse and it might come up with a offer. Of which i feel like mickey mouse could use a discover card Its not a guarantee long story short.. If you dont have a lot of inqs its worth a shot i believe discover does give out a starting limit (500) to new credit people. However for a better shot wait like 6 - 12 mos with current card always pay on time and then try.

[red259]

If you prequal for the discover card I would go for it. You don't have that many inqs and if your going to wait 6-12 months anyway you won't do much harm taking a shot since the inq will age off. I think having two cards would help with building your credit rating. 

[Anonymous]

I agree with the Discover. Sams may be a little dificult to get. Most likely a denial from the start but maybe recon can get it approved but try for that after about a year of credit history.

[Anonymous]

Well, I took the leap and after they asked me for more information about my ocupation, degree, and savings account... I got approved! They said nothing about my CL or APR? Capital One told me when I applied online... 

[Anonymous]

Congrats!

[diphendrix]

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@Anonymous wrote:

On the discover website I was pre qualified for the it card but I'm not sure if it says that for everyone or it's really pre approved. 

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whenever you want to see about a pre-qual link, go thru the prompts again and put down fake info.  i had this same concern with discover when i put my real info in and was prequalified.  i closed the page, reopened it and entered a fake name, fake last 4 of social, fake everything........and guess what? i was prequalified lol