topic Re: Travel Card Application in Credit Card Applications

Travel Card Application

Anonymous — Mon, 25 Jan 2021 05:17:31 GMT

Hello Everyone, first of all, thank you all for your help, i'm going to disney world on september and i've been thinking about getting a travel card, i'm really new to the credit card game so i don't know if that would be a good idea, my plan would be to apply for the chase sapphire preferred in march, would i have a chance of approval or should i wait?

I don't know if this help but i've been banking with chase for 3 years (chase checkings account).

Capital One Quicksilver ($500 Limit: 10/19)

Chase Freedom Flex ($1000 Limit: 10/20)

NFCU Cash Rewards ($3000: 12/20)

Income: $40,000

Credit Score: Experian 713/TU 701/EQ 701

Re: Travel Card Approval

SouthJamaica — Mon, 25 Jan 2021 05:17:42 GMT

@Anonymous wrote:
Hello Everyone, first of all, thank you all for your help, i'm going to disney world on september and i've been thinking about getting a travel card, i'm really new to the credit card game so i don't know if that would be a good idea, my plan would be to apply for the chase sapphire preferred in march, would i have a chance of approval or should i wait?

I don't know if this help but i've been banking with chase for 3 years (chase checkings account).

Capital One Quicksilver ($500 Limit: 10/19)
Chase Freedom Flex ($1000 Limit: 10/20)
NFCU Cash Rewards ($3000: 12/20)

Income: $40,000
Credit Score: Experian 713/TU 701/EQ 701

Probably you wouldn't qualify for the Chase Sapphire cards, because they look for experience with limits of $5k or more.

You might be better off just going for cash back with your existing cards.

Re: Travel Card Approval

Anonymous — Mon, 25 Jan 2021 05:24:41 GMT

Ok, thanks for the advice!

Re: Travel Card Approval

AllZero — Mon, 25 Jan 2021 05:28:46 GMT

Have you considered the NFCU FlagShip? You may be eligible for a 2nd card at 91 days and 3 full statements from last NFCU approval. Hopefully, the SUB Sign Up Bonus will come back in March.

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

Re: Travel Card Approval

Anonymous — Mon, 25 Jan 2021 05:38:56 GMT

Not really, due to me trying to get into the whole Chase ecosystem but thank you, I'll look into it.

Re: Travel Card Approval

SouthJamaica — Mon, 25 Jan 2021 14:37:24 GMT

@Anonymous wrote:
Not really, due to me trying to get into the whole Chase ecosystem but thank you, I'll look into it.

I agree with your approach. I was thinking of recommending some lesser travel cards, but refrained because I think it is prudent of you to hold out for the top of the line card, rather than loading up with less useful stuff.

Re: Travel Card Approval

Anonymous — Mon, 25 Jan 2021 16:24:06 GMT

Thanks, yeah, I wouldn't like to get any cards with less useful stuff, since I'm fine with the setup I have at the moment and since Chase is my primary bank, the CSP seem interesting but I'll also look into the flagship, it does seem like a good card and NFCU has been pretty good to me.

Re: Travel Card Application

Heatt99 — Mon, 25 Jan 2021 17:29:09 GMT

IMO, take a shot a CSR with an in person application. Look to hit the reconsideration line. If that fails, look at where Chase wants improvement within your credit profile.

Hit Navy up at the 91/3 mark. You should get at least 10k. The 10k over six months to a year should satisfy Chase for the Sappire.

Re: Travel Card Application

FinStar — Mon, 25 Jan 2021 17:34:20 GMT

@Heatt99 wrote:
IMO, take a shot a CSR with an in person application. Look to hit the reconsideration line. If that fails, look at where Chase wants improvement within your credit profile.
Hit Navy up at the 91/3 mark. You should get at least 10k. The 10k over six months to a year should satisfy Chase for the Sappire.

I wouldn't encourage a CSR in-person application. The minimum SL requirement is $10K for the Visa Infinite which the OP's profile wouldn't support at this time. They can certainly check with a banker to determine if there's any pre-approved offers, but the CSR application isn't going to have extra juju just because they apply in-person with a banker.

Re: Travel Card Application

Anonymous — Mon, 25 Jan 2021 17:35:17 GMT

By in person, do you mean applying at my local branch?

And do you think it would be a good idea to do it during March or wait a month more?

Re: Travel Card Approval

SouthJamaica — Mon, 25 Jan 2021 18:30:54 GMT

@Anonymous wrote:
Thanks, yeah, I wouldn't like to get any cards with less useful stuff, since I'm fine with the setup I have at the moment and since Chase is my primary bank, the CSP seem interesting but I'll also look into the flagship, it does seem like a good card and NFCU has been pretty good to me.

IMHO the CSP and CSR are the most useful travel cards, but I'm not really a travel aficionado.

Re: Travel Card Approval

Anonymous — Mon, 25 Jan 2021 18:35:43 GMT

Me neither, my main purpose for trying to get the card is for the trip and maybe I'll need to move, so it would help me with the plane tickets, but other than that I don't really travel, with that in mind, would you think is really worth it? Or should I just get another card with different perks?

Re: Travel Card Application

FinStar — Mon, 25 Jan 2021 19:45:11 GMT

@Anonymous wrote:
By in person, do you mean applying at my local branch?
And do you think it would be a good idea to do it during March or wait a month more?

Correct, at a local branch. If you do visit a branch, you can ask a banker if there's any pre-approved offers available based on your Chase customer profile.

But, personally, I would wait. The longer the better. For instance, there's definitely potential with obtaining an additional card with NFCU once you've crossed 3 statement cycles/91 days.

Re: Travel Card Approval

SouthJamaica — Mon, 25 Jan 2021 20:00:21 GMT

@Anonymous wrote:
Me neither, my main purpose for trying to get the card is for the trip and maybe I'll need to move, so it would help me with the plane tickets, but other than that I don't really travel, with that in mind, would you think is really worth it? Or should I just get another card with different perks?

If you're not planning to travel much, I would stick with no-annual-fee cash back cards.

Re: Travel Card Application

Anonymous — Mon, 25 Jan 2021 20:06:20 GMT

I think I'll follow your advice and wait for the CSP, unless I actually have a pre approval directly from Chase and instead I'll apply for the NFCU flagship, which knowing is a visa signature, it should at least have a $5000 credit limit, from what you guys are telling me, having a cc with that limit and waiting should be in my favor if I apply for the CSP in a couple of months.

Re: Travel Card Approval

Anonymous — Mon, 25 Jan 2021 20:07:18 GMT

What about the NFCU Flagship then, would you recommend me applying for that one after the 91/3?

Re: Travel Card Approval

FinStar — Mon, 25 Jan 2021 20:43:11 GMT

@Anonymous wrote:
What about the NFCU Flagship then, would you recommend me applying for that one after the 91/3?

Flagship would definitely be an option once you get around the March->April timeframe, all things considered.

Re: Travel Card Application

randomguy1 — Tue, 26 Jan 2021 00:04:56 GMT

@Anonymous wrote:
I think I'll follow your advice and wait for the CSP, unless I actually have a pre approval directly from Chase and instead I'll apply for the NFCU flagship, which knowing is a visa signature, it should at least have a $5000 credit limit, from what you guys are telling me, having a cc with that limit and waiting should be in my favor if I apply for the CSP in a couple of months.

Just be aware that if you want to invest in the Chase ecosystem in the future, you will be by my count, at 4/24 if until 10/21 if you apply for the NFCU Flagship. There's a good amount of value in having a combination of the Chase Freedom Unlimited + Freedom Flex to pair with a Chase Sapphire Preferred or Reserve. You would be potentially missing out on some of that if you get the Flagship now.

edit: You already have the Freedom Flex so you might want to see if the Freedom Unlimited with its $200 SUB is a big enough upgrade over your QS (IMO it is when paired with a CSP/CSR).

Re: Travel Card Application

Anonymous — Tue, 26 Jan 2021 01:21:07 GMT

Thanks for the info, I'll look into it, so it would be better to apply for the freedom unlimited, age that account a couple of months and then apply for the CSP? Would I have a better chance of approval for the unlimited if I apply in March?

Because, to be honest I rarely use my QS.

Re: Travel Card Application

Anonymous — Tue, 26 Jan 2021 02:51:19 GMT

I'm not a Chase customer so someone please correct me if needed, but since Chase is well known to not want to be the first to approve a given amount on a CL, if OP doesn't get at least $5k on the FU, the CSP is unlikely in a few months after that. Makes more sense to app Navy Flagship to get that $5k line, age it a ways, and then app CSP before the trip, doesn't it? I understand positioning for a trifecta but the point of the travel card is the upcoming trip, and CSP would be preferable to FU for that. Seems the smart plan would be to position OP's profile to maximize the chance to get CSP. Given current limits of OP's cards, Navy is likely a better shot than FU to get that needed $5k limit so Chase will consider a CSP this summer.