topic Re: To apply or not... in Credit Card Applications

To apply or not...

Anonymous — Thu, 27 Feb 2020 05:52:38 GMT

I've been eyeing the Propel for a couple weeks now. I have been doing research on these boards and have learned WF is not keen on thin profiles, so I was wanting to post to get an opinion on my next steps going foward regarding that card.

Some deatils about my profile:

Discover It: 4/18 CL: $3900

Chase Freedom: 6/19 CL: $2100

CFU: 9/19 CL: $2100

I am a student working part-time only, so my income is only about $13k. My Discover started out with $300 secured, so I'm happy with how that has grown. The Chase cards I was surprised with the nice SL's, and they fit nicely with cashback spend. I would like to start filling in some cashback cards to compliment the 5% categories. However, I'd prefer to get the Propel. Should I try for the Propel now, or is it worth not getting anything until the CFU is 1yr old?

Re: To apply or not...

thornback — Thu, 27 Feb 2020 05:59:39 GMT

I think you should wait til all of your accounts age past 1 year. From the recent data points I've seen, WF is not keen on new accounts either -- even if only 1 or 2. Make that the first card you shoot for once your newest accounts age to a year -- and don't add any inquiries between now and then either if you can help it.

Welcome to the forums!

Re: To apply or not...

pinkandgrey — Thu, 27 Feb 2020 17:07:23 GMT

I would probably hold off for awhile as well. WF can be a tough one sometimes. Right now it looks like you have three really good cards to keep growing anyway.

Good luck with whatever you decide to do!

Re: To apply or not...

Nomad3 — Thu, 27 Feb 2020 21:16:23 GMT

I got Propel as my 2nd card. First card was just over 1yr old. EX8: 764. They gave me the minimum SL matching my current card limit.

They can be very sensitive to recent inquiries, and conservative in general. I'd wait until all of your cards hit the 1yr mark just to be safe, but you might be able to sneak in as long as they are all at least 6mo+.

It's my favorite card, it looks cool and it's metal

Re: To apply or not...

Anonymous — Fri, 28 Feb 2020 19:37:17 GMT

Thank you for the advice I will definitely hold out til at least my newest account is 6-8 months old. I'll let you know how the app goes when I get to it.