topic Re: Thin File App or Garden? in Credit Card Applications

Thin File App or Garden?

Anonymous — Wed, 29 Jun 2016 06:31:15 GMT

From the Discover free score site,

718 Fico

8 month AOA

1 inq

10% util

Accounts,

Banner Bank MC $1000 limit $150 balance

Macys $2000 limit $35.00 balance

Overstock $2900 limit $150.00 balance

Cap 1 QS1 $3000 limit $180.00 balance

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP

Re: Thin File App or Garden?

Anonymous — Wed, 29 Jun 2016 06:51:54 GMT

@Anonymous wrote:

From the Discover free score site,

718 Fico
8 month AOA
1 inq
10% util

Accounts,

Banner Bank MC $1000 limit $150 balance
Macys $2000 limit $35.00 balance
Overstock $2900 limit $150.00 balance
Cap 1 QS1 $3000 limit $180.00 balance

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP

From my experience, both the Discover it(Approved at 6 months current history) and American Express(I took the BCP at 6 months history[seconds before the Discover approval] and three months after initial denial[due to insufficient credit history]) are friendly toward "young"(I actually had my first accounts about 12 years ago, but avoided credit altogether for around a 10 year period so it essentially reset) credit file. Citi denied me about 3 months ago(11 months current oldest age, around 5 months current AAoA[both at the time]) for a Double Cash card, citing insufficent age of established credit as the sole determining reason.

Re: Thin File App or Garden?

Scupra — Wed, 29 Jun 2016 14:45:28 GMT

@Anonymous wrote:

From the Discover free score site,

718 Fico
8 month AOA
1 inq
10% util

Accounts,

Banner Bank MC $1000 limit $150 balance
Macys $2000 limit $35.00 balance
Overstock $2900 limit $150.00 balance
Cap 1 QS1 $3000 limit $180.00 balance

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP

I would get your utilization to less than 10% on one card and 0 on others. Then apply if you want to.

Re: Thin File App or Garden?

RonM21 — Wed, 29 Jun 2016 21:42:20 GMT

Not a bad idea to get the utilization down. Even if you didn't, I think you would be able to get one of those cards. I like the idea of Discover and Amex that k_m_m mentioned because they do grow very well for most.

Re: Thin File App or Garden?

Scupra — Wed, 29 Jun 2016 22:20:06 GMT

@RM21 wrote:
Not a bad idea to get the utilization down. Even if you didn't, I think you would be able to get one of those cards. I like the idea of Discover and Amex that k_m_m mentioned because they do grow very well for most.

Agreed! Not that I don't think you will be approved, but if you're planning an app you might as well optimize your FICO for the best approval.

Re: Thin File App or Garden?

Anonymous — Fri, 29 Jul 2016 18:44:25 GMT

Here is my update,

I waited and my utilization was 7% at the time of applying

Approved,

Discover IT $2500

Amex PRG

Amex BCP $10,000 limit (could not believe that SL)

Also my Cap one was increased CLI from $3k to $4k

I did also try for Penfed but they said my account history was too short

Re: Thin File App or Garden?

Anonymous — Fri, 29 Jul 2016 20:20:29 GMT

Congrats on the approvals, from what ive seen here the discover IT grows pretty quick if you use it well.