12-02-2012 05:53 PM
Thank you for your help,
now I wounder, the BLUE card should be outdated for more than 9 years of history, I wounder if I should wait until it reports to CR
when I paid the balance my FICO score went up tp 745, this when I applied for the BCP and got instant approval, I am sure the score will drop a littel after
the inq however the FICO score sim tells me that my score should go UP right away after the CBP because the 2 main reasons
for pulling my score down acording to myFICO are:
1- no revolving account
2- co credit card reporting [ only charge card ]
so, should I wait for a month until this happends [ also an Inq is due to be droped in the next few days ], and apply for Chase Freedom 1st ? or go with Walmart
I would like also to have Amex Delta card, but waitting for a better bonus offer
12-02-2012 06:07 PM
I would normally advise you to apply for the Walmart card now, but seeing how your AMEX BCE has such an outstanding CL I would advise you to wait until the BCE reports. Lenders look at your existing CL to determine what they will grant you as their starting CL.
Make sure you use the BCE as soon as you can, then wait until 2 weeks after your first statement's payment due date before applying for new cards.
I think you need to plan a mini app spree at that point. You could do so much better than a Chase Freedom card. I would still advise getting the Walmart at that point though. Walmart is really a good card to carry. They are the world's largest corporation after all.
12-02-2012 06:35 PM
I take that back! If you want a CC with cash back and no annual fee, Chase Freedom is a good card.
For your app spree a month or so from now, I would suggest applying for the Chase Freedom first and then the Walmart card. Apply for them one right after another on the same day.
After the Chase and Walmart cards are 6 months old I would suggest applying for 2 more cards, one each from the following prime banks:
CitiBank (Diamond Preferred, Cash Back)
Bank of America (1-2-3 Rewards, Cash Back)
You will then have enough credit to last a lifetime. You will have credit cards with 4 out of the 6 prime banks that do business in the USA. If you take care of these cards they will take care of you. You can call every 6 months for CLIs if you feel your CL aren't high enough and get them.
Make sure you stop back and let us know how it is going.