topic Re: Should I app? in Credit Card Applications

Should I app?

newfossil — Sat, 07 Mar 2020 16:06:32 GMT

I've been in the garden since late January when I app for 3 store cards. My score at the time EQ 653 TU 624 EX 606

My current scores are in siggy. I have 2 collections on TU and 2 on EX. (3 total collections- all total less then $1000) I've been attempting to do pfd, but not successful so far.

I have been watching my scores grow and feeling that app itch. I've been a member at NFCU for about a month but have not app for cc. So thinking about aping. My current TU 9 score is 662. Current EQ 9 score 748.

Inq- EQ 5 TU 7 EX 6

Should I app or garden some more?

Re: Should I app?

blindambition — Sat, 07 Mar 2020 16:11:58 GMT

You got 3 cards in Jan. Cool your jets for 6 months, or more.

Higher limit on NFCU potentially. Letting cards age and possible score bump while waiting. Continue to work on those 2 derogs.

Re: Should I app?

Anonymous — Sat, 07 Mar 2020 16:24:09 GMT

What cards do you currently have?

Re: Should I app?

newfossil — Sat, 07 Mar 2020 16:32:31 GMT

Currently have -

cap 1 platinum (secured) - my first card opened 5/18 - $500

open sky - Opened secured - 1/19 $200

cap 1 venture one - opened 12/19 $500

Victoria secret - opened 1/20 $350

kohls - opened 1/20 ) $300

children's place opened 1/20 $500

Re: Should I app?

M_Smart007 — Sat, 07 Mar 2020 17:01:47 GMT

@blindambition wrote:
You got 3 cards in Jan. Cool your jets for 6 months, or more.
Higher limit on NFCU potentially. Letting cards age and possible score bump while waiting. Continue to work on those 2 derogs.

Re: Should I app?

AverageJoesCredit — Sat, 07 Mar 2020 17:08:58 GMT

Even though you just got 3 cards in Jan, since you have not applied for a Navy card yet, and with your Eq Fico 9, i think you should apply for a Navy card now and then rest up. Navy is different from other lenders and imho, its a good bet to take. One hp wont halt your progress and even if denied you will know for sure 6 months more is better to wait. Good luck

Re: Should I app?

Nomad3 — Sat, 07 Mar 2020 17:12:05 GMT

You just got 3 new cards, definitely wait until they hit at least 6mo before app'ing anything else.

Maybe increase your capital one secured line, I think it caps at $1000. That might help it graduate, then you could product change it to Quicksilver hopefully after it graduates giving you something better to work with.

Re: Should I app?

newfossil — Sat, 07 Mar 2020 17:15:26 GMT

@Nomad3 wrote:
You just got 3 new cards, definitely wait until they hit at least 6mo before app'ing anything else.

Maybe increase your capital one secured line, I think it caps at $1000. That might help it graduate, then you could product change it to Quicksilver hopefully after it graduates giving you something better to work with.

Cap 1 does not allow you to add to the secured line

Re: Should I app?

Remedios — Sat, 07 Mar 2020 17:24:10 GMT

@newfossil I'm with @AverageJoesCredit on this one.

Right now, you're really not in position yet to apply for credit cards from major lenders, and based on approvals from this year, you're still stuck in toy limit zone.

Your first navy card (if approved) probably wont be earth shattering, but for a lot of people, it's a beginning of a beautiful friendship.

So, if you have to app, this would be a way to go. I'm all for waiting, but around here, when we ask question "Should we", it often means "My mind is made up" lol

If you decide to apply, treat them well.

Good luck

Re: Should I app?

Mv350 — Sat, 07 Mar 2020 17:24:27 GMT

I would garden a little longer. Periodically check the pre-qualification sites on Disco and Amex, that'll show you where you stand at least.

Re: Should I app?

newfossil — Sat, 07 Mar 2020 17:29:26 GMT

Disco has been showing me pre-approved for a few weeks. Citi shows me pre-aprroved.

Re: Should I app?

blindambition — Sat, 07 Mar 2020 17:31:23 GMT

@Remedios wrote:
@newfossil I'm with @AverageJoesCredit on this one.

Right now, you're really not in position yet to apply for credit cards from major lenders, and based on approvals from this year, you're still stuck in toy limit zone.

Your first navy card (if approved) probably wont be earth shattering, but for a lot of people, it's a beginning of a beautiful friendship.

So, if you have to app, this would be a way to go. I'm all for waiting, but around here, when we ask question "Should we", it often means "My mind is made up" lol

If you decide to apply, treat them well.

Good luck

This is all that I'm thinking. Beautifully said.

I have no doubts you'll be approved for Navy. I just think limit won't be that impressive. Limit and relationship will grow though.

Re: Should I app?

AllZero — Sat, 07 Mar 2020 18:00:34 GMT

Good luck on your application!

Re: Should I app?

AllZero — Sat, 07 Mar 2020 18:32:28 GMT

@newfossil wrote:
Current EQ 9 score 748.

That's a great EQ9 score. I wonder who pulls EQ9.

Re: Should I app?

Anonymous — Sat, 07 Mar 2020 18:46:07 GMT

I agree with upthread. Try Navy then go the garden! Good luck! 🤞

Re: Should I app?

spiritcraft1 — Sat, 07 Mar 2020 18:59:23 GMT

I would app for any NFCU card except the Flagship, then show them who you are over the next 6 months. If this stay as they are or improve, your second card / limit will be significant.

Re: Should I app?

Remedios — Sat, 07 Mar 2020 19:07:51 GMT

Holla if you need a roommate 😐

Just kiddin'. Kinda.

Again, good luck and I hope to get a chance to lock this thread while you work on approval post!

Re: Should I app?

AllZero — Sat, 07 Mar 2020 19:16:35 GMT

@Remedios wrote:
I'm all for waiting, but around here, when we ask question "Should we", it often means "My mind is made up" lol

You nailed it!

Re: Should I app?

Anonymous — Sat, 07 Mar 2020 19:19:27 GMT

@AllZero wrote:
@Remedios wrote:
I'm all for waiting, but around here, when we ask question "Should we", it often means "My mind is made up" lol
You nailed it!

Re: Should I app?

newfossil — Sat, 07 Mar 2020 19:20:35 GMT

@AllZero wrote:
@Remedios wrote:
I'm all for waiting, but around here, when we ask question "Should we", it often means "My mind is made up" lol
You nailed it!

Does'nt she usually?