Which of Two Cards to Apply for First?

[Anonymous]

Discover It and Chase Freedom. I was thinking about waiting 6 months before I apply for the second card. I have 4 inquires for Experian and 4 on Equifax. Perhaps I should wait for Chase Freedom to have their $200 bonus which they seemingly offer every 6 months, the last two being summer 2015 and fall 2015.

[OmarGB9]

I think you mean Fall 2014 lol.
Anyway, I'd jump on the Discover train now with that double cashback promo! As far as the freedom, just keep in mind they have a new unwritten rule where if you have acquired more than 5 new accounts in the past 2 years it's pretty much an auto denial of you apply.

[Anonymous]

Should I wait for my credit report to be current with all the credit limit increases I recently received? I only have a 4% utilization with perfect payment history.

[OmarGB9]

It certainly wouldn't hurt.

[Anonymous]

i'm thinking the same , maybe i finish tryin both lol. in my case im waiting 2 things , my score is 690 and i want 700 or more and waiting too for the $200 in chase case. my problem is i just know my TU score and chase pull that in my case but Discover pull EQ and idk my score. 

[Anonymous]

I know that since I live in California, Chase will most likely pull Experian and I only have 4 inquiries there so I should be okay.

[kdm31091]

Discover first for sure, the double promo trumps Freedom.

But why apply for both of these? In a situation where presumably you have few cards, these cards are (IMO) redundant and you may do better to find a different option vs Freedom once you have your Discover.

Like I was saying yesterday, to me, "waiting for the $200 bonus" isn't worth it for several reasons. First of all, it's only $100 more than the normal bonus. Yes $100 is (sort of) a lot of money, but this day and age, not really. Second, there is literally no guarantee if or when the bonus is even coming back. If the card is useful to you (along with Discover) then go for it.

[Anonymous]

Voting for Discover It - but would agree with waiting until your recent CLI's post. Where does your utilization stand?

[Anonymous]

There is a trend that the $200 bonus is offered every six months so I highly doubt that Chase Freedom will not have another $200 bonus since credit cards are very competitive; they want your business and they want your money. Chase Freedom even had a $300 bonus promotion that occurred last year. It shows how aggressive they are against their competitors.

Commonly find me a hundred dollar bill on the floor and then you can tell me it is not a lot of money. Same logic goes with saving pennies here and there (1.5%-5% cash back), it can easily add up to hundreds of dollars in saving each year.

[Anonymous]

Utilization is 9% but when it becomes current, it will be at 3.5%-4%. I'll apply for Discover it when my credit report is current; I have several credit increase which will decrease utilization which will in effect will increase my credit score by a few points.