topic Re: Approved for Chase Freedom!! in Credit Card Approvals

Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 04:12:33 GMT

In a previous post I mentioned that I just got approved for AMEX BCE. Well I really wanted the Chase Freedom so I applied for that as well and was instantly approved! My reasoning was because I figure I get the applications out of the way now so that I have a stronger AAoA as the years pass without having to apply again, upgrade my current cards.

But I do have a question: I have a capital one Quiksilver (awesome rewards btw) but I wanted to get 1 of each of the 4 major cards (visa, mc, discover and Amex) however I don't want more than 4 credit cards. The CO cc is my oldest. I know it's bad to close an account, so how could I go about getting rid of this one to make room for the mc and discover? Do you even think it's worth it? What are the benefits to mc and discover cards? I'm not familiar with them, but I plan on traveling Koreans heard these were more widely accepted (plus I want the variety haha) thanks!

Also, do you think my strategy of getting all of these cards now (4 max) is going to work? Assuming I only need 4 cards, my plan is that if I want another credit card from say, Chase, I can just upgrade or request the other card without the HP or affecting my AAoA. Is that how it works?

NO MORE APPS FOR ME RIGHT NOW haha

CL - $7000

Visa Signature (rep confirmed)
Exp - 692 (do they check Experian)
AAOA - 1 yr and 9 Mos
Baddies - 1 collection from 2012, paid and closed account in early 2013
Inquiries - 3 or 4 (one might be fallen off)

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 04:06:07 GMT

Traveling soon, not Koreans haha

Re: Approved for Chase Freedom!!

OmarGB9 — Sun, 25 Oct 2015 04:30:35 GMT

Congrats and nice SL! If you'd liked you can do all four cards now, and that way they can all age together. As far as upgrading or getting another Chase card, you can always PC, although I believe you'd have to wait a year before doing so. As far as apping for another one, that would most definitely result in another HP, unless you applied for two cards back to back; but even then, to not guaranteed that it would only be one pull.

Re: Approved for Chase Freedom!!

TekkenQQ7 — Sun, 25 Oct 2015 04:34:59 GMT

Congratulations

Re: Approved for Chase Freedom!!

willwar14 — Sun, 25 Oct 2015 04:54:19 GMT

Congratz!

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 04:59:50 GMT

Thanks willwar and jazmar!

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 05:01:59 GMT

Omar, thanks for the advice, ideally I would like for them all to age together but what am I going to do with 5 credit cards? The thought alone scares me! Haha. I don't know how you guys do it. Plus I don't want so many inquiries on my CR right now.

Also, what's "SL"? Lol some of these acronyms I don't get...

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 05:09:33 GMT

Congrats on the approvals! That's a nice SL for a Freedom

As for getting all 4 types of cards...Visa and MC are the most widely accepted, so honestly your QS is probably fine for traveling; I don't see a need to get a MC. Especially since the QS has no FTF plus good cash back; it's a great option for traveling IMO.

Discover might be more worth getting, especially now since there's the double cash back promo going on. What are your most recent scores? Your sig has scores from 6 months ago so it's hard to gauge what sort of position you're in.

EDIT: this might be helpful for you... http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 05:12:05 GMT

8ottaway,

im assuming SL is starting limit? Thanks and also, my scores are current I just forgot to update the date next to them. You really think I should apply for a 3rd card right now? I just don't know what I'd do with them all...

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 06:08:29 GMT

Congrats on your Chase Freedom!!!

Re: Approved for Chase Freedom!!

OmarGB9 — Sun, 25 Oct 2015 06:15:20 GMT

I completely understand your concern. I was the same way before! I too wanted one card from each payment network (still do, haha. Discover is eluding me at the moment, though). However, as I learned and read through hundreds (if not thousands) of very helpful, very informative posts on here, I realized I was willing and able to open up multiple cards and I had a plan for how to handle them. Of course, everyone is different, and what works for me, may not (and probably will not) work for you. You do whatever you feel is right and whatever you're comfortable with. If two is all you think you can handle right now, then stick with that. Remember credit is a marathon, not a sprint, so go at your own pace.

Re: Approved for Chase Freedom!!

Country_Feller — Sun, 25 Oct 2015 12:44:44 GMT

Way to go, Congratulations!!!!

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 12:52:04 GMT

Thanks guys!

Re: Approved for Chase Freedom!!

Vegas4Play — Sun, 25 Oct 2015 15:15:03 GMT

congrats to you !!!

Re: Approved for Chase Freedom!!

alextercero — Sun, 25 Oct 2015 16:31:27 GMT

Congrats

Re: Approved for Chase Freedom!!

Anonymous — Sun, 25 Oct 2015 18:58:40 GMT

freedom is awesome with their rewards

Re: Approved for Chase Freedom!!

Glkslngr — Sun, 25 Oct 2015 22:59:53 GMT

Cool, congrats! I love my Freedom =]