Odds of approval? Chase Freedom/Un
ited Plus Mileage Explorer
09-13-2012 12:15 AM
I am new to this site, and have recently taken an interest in my credit. I am 27 years old and have managed with a simple Chase debit card all these years, but have decided that I should probably grow up and establish some credit history with a credit card. I have never had a loan other than student loans, which are pretty substantial ($100,000+), but I have never had a late or missed payment in the six years that the loans have been open. About three months ago I applied for the Chase Sapphire Preferred card because I do a fair amount of international travel for work, but was declined with FICO EQ 700, TU 700 and EX 713 scores for insufficient credit history. I knew I was shooting rather high with the Sapphire, but took the chance anyways which brings me to today....
I was at my Chase branch today and my personal banker suggested that I apply for the Freedom card because of the rewards perks and its acceptance rate vs. the Sapphire. I ran my score this afternoon and pulled an EQ FICO of 747. I am interested in applying for the Freedom card, but due to travel rewards, the United Plus Mileage Explorer card is more enticing to me. Would it be a bad idea to apply for either of those cards within 3 months of a declined Sapphire application? What are my chances of getting approved for either card with my credit score/somewhat limited credit history? Do you guys suggest any other cards for me based on my credit profile? I am not stuck on Chase cards, but prefer a Visa.