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Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012
0

when should I apply for freedom? Update... I applied

[ Edited ]

The chase freedom is the last card I want to add, then cut up my secured PNC card lol My current cards are listed below, although kay and WM not reporting yet.

 

My TU score is 674 and in MI i see they are heavy TU pullers. I dont want to add anymore cards after this, so tell me if this plan I have is best.

 

Im eligible for a CLI in November with charter one, from what I can tell it should happen (never know) anyways, I was going to wait until april 13 to get it, expecting my scores in the 680 range and up. Also by april I will have one CC for over a year and 3 over 6 months history. All good.  Then I wanted to add my final card... freedom.

 

What does freedom want to see in your report? I have 2 COs Edit: BOTH PAID, one from 2008 and one from 2009. coming up on 4 years of nothing negative. No CAs, No PRs. 2 Student loans with 6&7 year history no lates. and the CCs below, no lates.

 

What do you think my chances will be in april?

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Valued Contributor
jamesdwi
Posts: 1,906
Registered: ‎09-16-2011
0

Re: when should I apply for freedom?

How important is a high CL to you?  If you apply now you would most likely be approved, but given your current CL's on major credit cards I doubt they would give you more than 1k, which sucks since CLI are almost always HP, which makes it painful to grow a good CL with such a low starting point. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012
0

Re: when should I apply for freedom?

[ Edited ]

honestly, I would only be putting around 1k on it per month. I dont have many bills/expenses. I would just want the ability to grow overtime. Thats all. For example, I stay away from cap one because I will just cut it later. I want cards that will grow with me/provide value.

 

EDIT: to add info, my cc util is at 26% and both COs are paid.

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012
0

Re: when should I apply for freedom?


jamesdwi wrote:

How important is a high CL to you?  If you apply now you would most likely be approved, but given your current CL's on major credit cards I doubt they would give you more than 1k, which sucks since CLI are almost always HP, which makes it painful to grow a good CL with such a low starting point. 

 

 


Well, when you said Id most likely be approved I went for it :smileyhappy: lol I got the "we need to review, will get letter 7-10 days blah blah... so I was probably declined. When I call to check the app status it doesnt say declined yet, but can I still call recon? Ive never done that before so I dont know how it works, but I can call the credit analyst number listed here and ask if theyll talk to me. Or do I wait until the status says declined?

 

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Established Contributor
kobe2012
Posts: 691
Registered: ‎03-16-2012
0

Re: when should I apply for freedom?


jcstarkey8826 wrote:

jamesdwi wrote:

How important is a high CL to you?  If you apply now you would most likely be approved, but given your current CL's on major credit cards I doubt they would give you more than 1k, which sucks since CLI are almost always HP, which makes it painful to grow a good CL with such a low starting point. 

 

 


Well, when you said Id most likely be approved I went for it :smileyhappy: lol I got the "we need to review, will get letter 7-10 days blah blah... so I was probably declined. When I call to check the app status it doesnt say declined yet, but can I still call recon? Ive never done that before so I dont know how it works, but I can call the credit analyst number listed here and ask if theyll talk to me. Or do I wait until the status says declined?

 


call the backdoor number lister here.... they'll be able to tell you if you were approved or denied... sometimes, they just need to verify some info.. good luck!


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012
0

Re: when should I apply for freedom?

declined on recon :smileysad: said everything looked great and Im doing everything right, they just want to see more history with CCs.

 

It was worth a shot and the good news is she said when I get to a year or so with my charter one that I should be all set. No worries though, My inqs are low and I dont need credit just wanting to start a nice file and get out of toy limits

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Super Contributor
CS800
Posts: 6,551
Registered: ‎04-07-2008
0

Re: when should I apply for freedom?


jcstarkey8826 wrote:

declined on recon :smileysad: said everything looked great and Im doing everything right, they just want to see more history with CCs.

 

It was worth a shot and the good news is she said when I get to a year or so with my charter one that I should be all set. No worries though, My inqs are low and I dont need credit just wanting to start a nice file and get out of toy limits


I would try the executive office recon.

 

You know what they say with recons? If at first it fails, try calling again. A different credit analyst might think differently.




Established Contributor
kobe2012
Posts: 691
Registered: ‎03-16-2012
0

Re: when should I apply for freedom?


jcstarkey8826 wrote:

declined on recon :smileysad: said everything looked great and Im doing everything right, they just want to see more history with CCs.

 

It was worth a shot and the good news is she said when I get to a year or so with my charter one that I should be all set. No worries though, My inqs are low and I dont need credit just wanting to start a nice file and get out of toy limits


i think you should give it another shot and call again.... diff people, diff answers.... you already took the inquiry...


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Valued Contributor
jamesdwi
Posts: 1,906
Registered: ‎09-16-2011
0

Re: when should I apply for freedom?


kobe2012 wrote:

jcstarkey8826 wrote:

declined on recon :smileysad: said everything looked great and Im doing everything right, they just want to see more history with CCs.

 

It was worth a shot and the good news is she said when I get to a year or so with my charter one that I should be all set. No worries though, My inqs are low and I dont need credit just wanting to start a nice file and get out of toy limits


i think you should give it another shot and call again.... diff people, diff answers.... you already took the inquiry...


+1  

 

some here have had to call 3 or 4 times to get an approval. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012
0

Re: when should I apply for freedom?

oh wow thanks guys I will...

 

When I called to check the status the first time they said I was declined, then I called the recon number and they said "yes, mr. jc... I see we just spoke with you" lol

 

When I call this time, will they care that Im calling again or should I just say I want to recon the recon lol

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL

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