topic Re: How long to wait? in Credit Card Applications

How long to wait?

OmarGB9 — Tue, 30 Jun 2015 01:17:05 GMT

So I have a few CCs and my last app was for Barclays Rewards MC and I got an instant approval for $2k SL and my card arrived in the mail today. it's a World MasterCard too, which I was excited about. I'm moving on up!

Anyway, how long should I wait before I apply for anything else? My scores at the moment are: EX-667/TU-688/EQ-681 all pulled from the official Experian site (accidentally clicked the button that pulled up all 3- doh!) overall UTIL is between 20-22%. I owe about $1500/$7800. One baddie on EX/EQ from a small $300 installment housing loan for a college that I wasn't aware of but PIF albeit 30 days late. (Ouch)

I've read that Barclays is VERY inq sensitive and I don't want to risk anything. My plan is to wait and garden for 6 months and then go for an AMEX BCE and a Discover It. But I would like some feedback from all of you experienced MyFICOers.

Re: How long to wait?

Anonymous — Tue, 30 Jun 2015 01:18:31 GMT

Congrats on your approval!

In my wallet: Quicksilver 5000; Venture 15,000; Barclay Apple Rewards 2000; CareCredit 3300; Bank of America Platinum Visa 2000; Bank of America Travel Rewards 3500; Bank of America Travel Rewards 3500; Amazon Store Card 5000; Discover 10,000; Barclay Ring Platinum MasterCard. 12,500. Total Credit: 61,800.
6/27-FICO: EQ - 789; TU - 781; EX - 681; GOAL: 780 across the board then 800 across the board. Inquiries: EQ: 4; TU: 6; EX 7; Chapter 13 seven years May, 2015. Reset my garden date to 6/27. Gardening until further notice.

Re: How long to wait?

Anonymous — Tue, 30 Jun 2015 02:14:30 GMT

@OmarGB9 wrote:
So I have a few CCs and my last app was for Barclays Rewards MC and I got an instant approval for $2k SL and my card arrived in the mail today. it's a World MasterCard too, which I was excited about. I'm moving on up!

Anyway, how long should I wait before I apply for anything else? My scores at the moment are: EX-667/TU-688/EQ-681 all pulled from the official Experian site (accidentally clicked the button that pulled up all 3- doh!) overall UTIL is between 20-22%. I owe about $1500/$7800. One baddie on EX/EQ from a small $300 installment housing loan for a college that I wasn't aware of but PIF albeit 30 days late. (Ouch)

I've read that Barclays is VERY inq sensitive and I don't want to risk anything. My plan is to wait and garden for 6 months and then go for an AMEX BCE and a Discover It. But I would like some feedback from all of you experienced MyFICOers.

If I were you, i'd go and garden for 6 months. Keep my utilizations low and keep making on-time payments. Soon enough you'll see your scores rise. When you hit about 710, try for the Discover IT.

Or you can also check Citi and Chase's pre-approval sites. I think they're better than Discover's generic pre-approved cards for all!