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new cards

New Member

new cards

Amazon VISA or Chase Freedom Card?   which has better benefits to me?  we shop at amazon all the time but right now we do not own a credit card and have not in 3 years?  I need to rebuild my credit score so I think I need a card now to improve my score.

Message 1 of 7
6 REPLIES
Blogger

Re: new cards

Do you know what your current FICO credit score is as of this week?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 2 of 7
Valued Contributor

Re: new cards

If your scores will allow, I would app for the Chase Freedom. 1% on everyhting, and 5% on the rotating bonus catagories. In addition, Chase is good to be in the door with.

 

In addition to a credit card, you might also want to consider a charge card with AMEX, the Zync. 

 

Of course this all depends on your credit history and why you are in rebuilding mode.


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 3 of 7
Valued Contributor

Re: new cards


kramer56 wrote:

Amazon VISA or Chase Freedom Card?   which has better benefits to me?  we shop at amazon all the time but right now we do not own a credit card and have not in 3 years?  I need to rebuild my credit score so I think I need a card now to improve my score.


with no active credit card, chase may not accept your app for either card, you may be get lucky to get the GE backed store card. 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 4 of 7
Regular Contributor

Re: new cards

When I received the Freedom I had no open CCs either & was approved. I had current student loans and no baddies which I'm sure influenced their decision. Of course I don't know your situation but they will approve with no other CCs. I got a relatively low limit, but that was to be expected.
2/22/13: TU-716, EX-702, 4/24: EQ-749
2/20/14: TU-695, EQ-671
Goal: mid-700's
Message 5 of 7
New Member

Re: new cards

IF Chase freedom is denied what are my other options, I don't want to keep applying because that looks bad on report too doesn't it?

Message 6 of 7
Highlighted
Moderator Emeritus

Re: new cards


kramer56 wrote:

IF Chase freedom is denied what are my other options, I don't want to keep applying because that looks bad on report too doesn't it?


 

Yes it does!... By the way, do you have any negative information on your report? Chase does'n't like to see major derogatory events on your file.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Message 7 of 7