topic Re: Getting the itch to apply for a credit card. Which would be the best option? in Credit Card Applications

Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Sun, 28 Dec 2014 01:28:48 GMT

Okay, so i been working on my credit for some time now. i had a fall back in 2012 where i lost my job and missed a few payments. what i was left with was the following:

Capital one: limit $3,750.00 Bal $500.00 (increased 5 months ago from 750 to 3750)

Discover IT: Limit $1,250.00 Bal $100.00

Chase Freedom: Limit $1,000.00 Bal $900.00 (closed)

BOA power rewards: Limit $1,500.00 Bal: 700.00 (closed)

Care Credit: limit $1,000.00 Bal: $0

My current credit score is the following:

TU: 705

EX: 640

EQ: 547

I was thinking that with a new card with the 0% APR i would be able to transfer the balance from my closed accounts and just pay that card. i was looking into maybe Barclay (any), Chase freedom or sapphire (I really like chase but having a closed card from them i don't know if i'm black listed), or open to suggestions.

Re: Getting the itch to apply for a credit card. Which would be the best option?

CreditCuriosity — Sun, 28 Dec 2014 01:31:53 GMT

Barclay's is deffinetly your best bet.. Either the Rewards MC or US Air.. They are TU pullers and that is be far your highest score..

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Sun, 28 Dec 2014 01:46:23 GMT

CreditCuriousity wrote:

Barclay's is deffinetly your best bet.. Either the Rewards MC or US Air.. They are TU pullers and that is be far your highest score..

Yeah, i think Barclay rewards is going to be my best bet, even though i really want the chase freedom or slate. ( sapphire is out of my league)

Re: Getting the itch to apply for a credit card. Which would be the best option?

Avero34 — Sun, 28 Dec 2014 02:46:53 GMT

Chase approved me for csp with tu of 668 so you never know

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Sun, 28 Dec 2014 02:48:06 GMT

@Anonymous wrote:
Okay, so i been working on my credit for some time now. i had a fall back in 2012 where i lost my job and missed a few payments. what i was left with was the following:
Capital one: limit $3,750.00 Bal $500.00 (increased 5 months ago from 750 to 3750)
Discover IT: Limit $1,250.00 Bal $100.00
Chase Freedom: Limit $1,000.00 Bal $900.00 (closed)
BOA power rewards: Limit $1,500.00 Bal: 700.00 (closed)
Care Credit: limit $1,000.00 Bal: $0

My current credit score is the following:
TU: 705
EX: 640
EQ: 547

I was thinking that with a new card with the 0% APR i would be able to transfer the balance from my closed accounts and just pay that card. i was looking into maybe Barclay (any), Chase freedom or sapphire (I really like chase but having a closed card from them i don't know if i'm black listed), or open to suggestions.

That's got to be one of the biggest differences in scores i've seen.

I'd focus on fixing whatever issues you have before applying for ANYTHING.

Re: Getting the itch to apply for a credit card. Which would be the best option?

CreditCuriosity — Sun, 28 Dec 2014 02:55:10 GMT

@Anonymous wrote:
@Anonymous wrote:
Okay, so i been working on my credit for some time now. i had a fall back in 2012 where i lost my job and missed a few payments. what i was left with was the following:
Capital one: limit $3,750.00 Bal $500.00 (increased 5 months ago from 750 to 3750)
Discover IT: Limit $1,250.00 Bal $100.00
Chase Freedom: Limit $1,000.00 Bal $900.00 (closed)
BOA power rewards: Limit $1,500.00 Bal: 700.00 (closed)
Care Credit: limit $1,000.00 Bal: $0

My current credit score is the following:
TU: 705
EX: 640
EQ: 547

I was thinking that with a new card with the 0% APR i would be able to transfer the balance from my closed accounts and just pay that card. i was looking into maybe Barclay (any), Chase freedom or sapphire (I really like chase but having a closed card from them i don't know if i'm black listed), or open to suggestions.
That's got to be one of the biggest differences in scores i've seen.

I'd focus on fixing whatever issues you have before applying for ANYTHING.

Ya quite a swing in scores.. EQ is near BK territory and TU in getting up or is in Prime territory...EX is just hanging out in the middle.. Crazy differences.

Re: Getting the itch to apply for a credit card. Which would be the best option?

Callandra — Sun, 28 Dec 2014 03:22:55 GMT

If those are your current balances, definitely pay them down before applying. Also, why is EQ so much lower? Have you pulled all three reports lately and make sure everything's correct? I would hold off on Chase for now as you never know who they will pull (they pulled EQ for me).

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Sun, 28 Dec 2014 03:43:12 GMT

Yeah, obviously with that TU score, Barclays would be your best bet for sure. But just to warn you, Barclays isn't always a single TU pull either. I was double pulled (TU and EX) when I got my Sallie Mae card (I didn't really mind -- the card itself is worth a sextuple pull, but it was surprising).

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Sun, 28 Dec 2014 21:44:20 GMT

@Anonymous wrote:
Yeah, obviously with that TU score, Barclays would be your best bet for sure. But just to warn you, Barclays isn't always a single TU pull either. I was double pulled (TU and EX) when I got my Sallie Mae card (I didn't really mind -- the card itself is worth a sextuple pull, but it was surprising).

Yeah, I think i will give Barclay a try in a few months when i finish paying off my closed accounts. I have no idea as to why my score is so different among each bureau. I actually requested each credit report to verify the information and they are all reporting the same. 120 days late payments on 2 accounts ( Chase and BOA) from 2012 any chance that would ever be cleared/erased from the report?

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Mon, 29 Dec 2014 05:31:39 GMT

Save the IQ and garden your scores! then get the CSP ! its worth it!

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Mon, 29 Dec 2014 20:41:00 GMT

UPDATE: So i decided to give it a chance and go for it. i applied for the Barclay's rewards credit card today.

Happy to say i got approved (after recon) for a CL of 1,000.00

First i applied online and it said that they coulden't give me a decision right away that I would have to wait 10 days. As soon as i saw that i went to the "My application Status" and it said straight out decided. When I called the Recon/Credit analyst person he said that the system is set up to automatically decline because i had a previous application for Barclay's back in 5/2014. that the system turned me down even before pulling my credit. Then he said if i wanted he can hard pull my TU to see if he can approve me. He ended up pulling both TU and EX and approved me for 1,000.00. So overall I'm happy i got approved, it's going to give me a chance to have another fresh account reporting positively on my file.

and PS- I almost had a heart attack when he said he wanted to also pull EX because i understood EQ and that's my lowest FICO score at 547. lol i need to somehow get that fixed.

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Mon, 29 Dec 2014 21:30:16 GMT

@Anonymous wrote:
UPDATE: So i decided to give it a chance and go for it. i applied for the Barclay's rewards credit card today.
Happy to say i got approved (after recon) for a CL of 1,000.00

First i applied online and it said that they coulden't give me a decision right away that I would have to wait 10 days. As soon as i saw that i went to the "My application Status" and it said straight out decided. When I called the Recon/Credit analyst person he said that the system is set up to automatically decline because i had a previous application for Barclay's back in 5/2014. that the system turned me down even before pulling my credit. Then he said if i wanted he can hard pull my TU to see if he can approve me. He ended up pulling both TU and EX and approved me for 1,000.00. So overall I'm happy i got approved, it's going to give me a chance to have another fresh account reporting positively on my file.

and PS- I almost had a heart attack when he said he wanted to also pull EX because i understood EQ and that's my lowest FICO score at 547. lol i need to somehow get that fixed.

Congratulations, Though the EX pull....

Re: Getting the itch to apply for a credit card. Which would be the best option?

CreditCuriosity — Tue, 30 Dec 2014 01:19:51 GMT

really suprised Barclay's Double pulled you with a 700 TU score.... very weird.

Re: Getting the itch to apply for a credit card. Which would be the best option?

DiabolicallyRandom — Tue, 30 Dec 2014 01:38:31 GMT

Congrats! You have a good card to build with. It is extremely odd that they pulled Experian. I thought they were TU all the way... Anyone else have experience with Barclay double pull? At this point you just need to focus on those other two reports.

Re: Getting the itch to apply for a credit card. Which would be the best option?

Anonymous — Tue, 30 Dec 2014 01:43:13 GMT

@DiabolicallyRandom wrote:
Congrats! You have a good card to build with. It is extremely odd that they pulled Experian. I thought they were TU all the way... Anyone else have experience with Barclay double pull? At this point you just need to focus on those other two reports.

I was double pulled TU and EX when I was approved for the Sallie Mae, but then again my TU was in the 640s...

Congrats on the approval!