Senior Contributor
Posts: 3,345
Registered: ‎05-05-2011
Re: Which cards are prime cards and when should I apply for them?
[ Edited ]

Mendoric wrote:
I want to apply for Chase Freedom or Discover More Card or AMEX Blue Cash Perferred. I have four credit cards La Curaçao Credit limit 1757 opened since jan. 2010 Helzberg HSBC/Capital One 752 opened since Dec. 2010 Wells Fargo college credit card 1700 opened May 2011 Honda Power Equipment Wells Fargo 1300 opened Aug 2011 Utilization is around 11% Credit scores are Experian 728 Equifax 710 Transunion 745 What do u think I need to get this cards and what incomes any advice would help.

Are these FICO or FAKO? FICO is only avail for EQ and TU. EQ FICO can be purchased here or from EQ, but you need to be sure you're getting FICO and not the EQ FAKO. TU can be purchased here or free w/Walmart CC. EX FICO cannot be purchased any longer.  So, unless you got the EX 728 listed above from a lender, it's a FAKO score and not comparable w/your FICO.


Your util is low and you have a couple years of history, so you should be able to get Chase. IME Discover is a little harder to get and CLs tend to be lower, but YMMV. Amex would be the hardest. Their revolvers usually require a FICO in the mid to high 700s. You might be better off starting w/a charge, like Zync or Green. If approved, you can try for the BCP on the same day and will likely only get one HP. One reason to try for the easier one first is that if denied, you cannot app for any other Amex for 30 days. If you don't get the BCP, you can use the charge for 6 mos and then try again. Also, once you get an Amex, you can app for a new card and will only get a HP if approved. If not approved, it will be a SP.


Also, have you tried for any CLIs with your current cards. I wouldn't waste my time w/Cap One because they aren't doing customer-initiated CLIs, but La Curaco (don't know them) and Wells Fargo might. You've had each of them for at least a year, so I'd try for a CLI, even if it's a HP.


ETA: You may be better off getting CLIs and letting them report before apping for new CCs, because most CCs won't go much beyond your highest current CL. So, any approvals would probably be around $2k. That's how I got my CLs higher -- with CLIs and then apping and new CCs will usually match your current CLs.



EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!