topic Re: What's my next move? in Credit Card Applications

What's my next move?

Anonymous — Fri, 19 Jun 2015 03:45:57 GMT

Hello everyone

I'm trying to work out the best course of action to improve my credit the quickest and get some cards with major banks with real sized credit limits. I started building my credit here in the U.S. around a year and a half ago (originally from UK) with a $300 wells fargo secured card to which i never missed a payment and kept util below 50 %.

In Oct 2014 I cosigned with my wife for an auto loan for my car for 19k and havent missed any payments. 3 months ago I applied for Cap1 quicksilver 1 and was approved for $500 and discover IT which approved me for $1500. I have never been late with payments and show good usage and make multiple payments per month.

My wife added me as an AU on her CSP with a 12k limit and low util which boosted my score a little further. Im wondering do I just wait a year and keep with what I have or do I apply for something else or maybe diversify with a retail card? My income is around 90k and i have a BoA savings with approx 20k

Any advice would be greatly appreciated. Thank you

My scores are currently EX 711 TU 692 EQ 704

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 14:49:31 GMT

Welcome to MyFico... You have done everything right so far and are certainly in the position to get some good cards. What cards do you want that fit your spending habits? Give us a list and we will start from there...

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 14:52:42 GMT

Thanks for the reply, I am mainly looking for travel rewards cards as I travel back and forth to the UK quite often. I would also like a good cashback rewards card.

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:05:59 GMT

@Anonymous wrote:
Thanks for the reply, I am mainly looking for travel rewards cards as I travel back and forth to the UK quite often. I would also like a good cashback rewards card.

UK huh? Which team if you don't mind me asking? Chelsea.. Chelsea... Chelsea for me...

Ok.. How about the CSP? It is a very good travel card. Are you looking for cards with no annual fees or you don't mind?

Travel card-

- CSP (Bonus can pay for your flight)

- Citi AA card (Huge bonus also)

- Bristish Airways card by Chase (Bonus can pay for your flight)

Cash Back-

- Freedom (current promotion is get $200 after $500 spend)

- Discover (Good cash back card)

- Amex has good cash back cards......

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:05:42 GMT

Manchester United! I thought chase frowned upon new accounts and a relatively short credit history. I also checked the pre qual and they couldnt offer me anything. That would be the perfect card but I dont think Im eligible for that level of card yet?

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:13:52 GMT

@Anonymous wrote:
Manchester United! I thought chase frowned upon new accounts and a relatively short credit history. I also checked the pre qual and they couldnt offer me anything. That would be the perfect card but I dont think Im eligible for that level of card yet?

My 2nd team.. Excellent. Glad you didn't say Arsenal.... Ok. Don't be deterred if you don't see a pre-approval on the Chase site. So 6 months of history? Is that a fair assumption?

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:18:56 GMT

AAoA is 8 months. So yeah, not great.

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:20:53 GMT

@Anonymous wrote:
AAoA is 8 months. So yeah, not great.

How long ago did your wife add you unto her CSP?

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:28:59 GMT

2 months ago now. We mainly did it to get the 5000 points. I didnt really realize it would boost my score. I also wanted to start some sort of relationship with Chase

@Anonymous wrote:
@Anonymous wrote:
AAoA is 8 months. So yeah, not great.
How long ago did your wife add you unto her CSP?

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:32:46 GMT

Ok... How confident are you over the phone? Because people have been approved with less history for the CSP. Your profile looks good for it. What will happen if you don't get approved immediately is to recon and convince the analyst why you should be approved.

Are you up for the challenge? How bad do you want it? If you want to give it a shot, I will help you recon if it goes to pending..

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:50:32 GMT

I would say I'm very confident over the phone, however the accent sometimes leads to misunderstanding. I have no problem with persuasion and selling myself as a low risk. However, I dont want to wast a HP if my chances are very slim. Im aware of the recon process and I went through the same process with Discover.

Should I take the pre qualified site with a pinch of salt? Are there any other cards that I would have a stronger chance with. I'm looking to app august 1. I did receive all the offers from BofA but they are not as close to being as appealing as Chase.

@Anonymous wrote:
Ok... How confident are you over the phone? Because people have been approved with less history for the CSP. Your profile looks good for it. What will happen if you don't get approved immediately is to recon and convince the analyst why you should be approved.

Are you up for the challenge? How bad do you want it? If you want to give it a shot, I will help you recon if it goes to pending..

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:53:04 GMT

If you are looking to apply August 1st then defiantely go for it. Yes, take pre-qualified site with a pinch salt... The accent should actually give you an edge. As long as you pronounce certain things the American way emphatically and slowly, you will be fine..

But you should be able to get the card.

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 15:58:00 GMT

Ok thank you, I'm gonna stay patient and go for the CSP. Would it help to take my CC balances to 0 for a month before applying? Or should I just keep good usage and carry a small balance?

@Anonymous wrote:
If you are looking to apply August 1st then defiantely go for it. Yes, take pre-qualified site with a pinch salt... The accent should actually give you an edge. As long as you pronounce certain things the American way emphatically and slowly, you will be fine..

But you should be able to get the card.

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 16:01:21 GMT

Very good plan on keeping your eye on the tiger - CSP. Before you apply, have 1%-9% reporting on your card..

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 16:14:53 GMT

Thanks for all your help!

@Anonymous wrote:
Very good plan on keeping your eye on the tiger - CSP. Before you apply, have 1%-9% reporting on your card..

Re: What's my next move?

Anonymous — Fri, 19 Jun 2015 16:27:12 GMT

Anything for a Man. U. fan.... You are welcome!!