topic Re: First Card... any advice? in Credit Card Applications

First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:25:57 GMT

So... I have zero credit history of my own. No student loans or anything, but... I convinced a friend to add me onto two of his personal cards as a Authorized User, and suddenly I now have two cards with 8 months of history reporting, with $750 & $1,000 limits respectfully, and 2% utilization.

I'm curious... are there any cards, I have a decent chance at? Chase Freedom would be Ideal, or maybe something from Citi?

I know my Experian is 724, and my TransUnion is 732. I have ZERO Inquiries.

I appreciate any advice, and want to say thank you in advance

Re: First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:27:27 GMT

Welcome to MyFico. That sort of history is enough to get you the Chase Freedom card. Go to the Chase website now and see if you are pre-qualified for it. If you are, apply abd report back with results.

Re: First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:32:34 GMT

Check this thread out for pre-approval links:

http://ficoforums.myfico.com/t5/Credit-Cards/Pre-Approval-Sites-June-2015/m-p/4059266

I recommend avoiding credit one completely, and I recommend reading the thread for comments on what pre-approval links to trust or not.

Alternatively, and this would be my first choice if I were where you are now knowing what I know now, I would first look into what Credit Unions I could join locally and what deals they have to offer to see if there's something out there that isn't available to everyone.

Re: First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:49:13 GMT

Well. I checked... and I have no pre-qualified/approved offers from anyone.

Credit-One (Pre-Qualify) link, says I have a 730 Experian Score. Yet, I'm denied according to them

Do you think, I should just apply for Chase Freedom anyway? Anything else, promising?

Re: First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:51:08 GMT

@Anonymous wrote:
Well. I checked... and I have no pre-qualified/approved offers from anyone.

Credit-One (Pre-Qualify) link, says I have a 730 Experian Score. Yet, I'm denied according to them

Since you are just starting to get cards, I suggest you read up as there is a lot of info to deduce from. There are some credits cards you may want to avoid at all cost. Since you have a clean profile and no baddies on your reports, find out cards that fits into your spending habit and avoid the likes of Credit One, First Premier etc.

With your shot history, you should be able to get some good cards. Amex, Chase etc even if you are not pre-qualified. You will have to cold app. for them.

Re: First Card... any advice?

Anonymous — Sat, 15 Aug 2015 23:59:01 GMT

If you we're in my shoes, would cards would you Cold-App for?

Any more, promising than others?

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:07:43 GMT

@Anonymous wrote:
If you we're in my shoes, would cards would you Cold-App for?

Any more, promising than others?

If I were in your shoes, I see what card best fits my spending habits and then check the credit database to see what credit bureau was pulled for my region and what ranges of scores people were approved for when it came to the particular card in question.

I'd then cold app. and if it goes into pending, get myself ready to recon as that is the purpose of the line. To be reconsidered for an application. With that said, start with the Chase Freedom card if you really want it.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:12:23 GMT

Thanks for applying.

We need to review your application a little longer.

We'll let you know our decision in writing as soon as we can. If we approve your application, you'll receive your card in the mail in 7-10 business days. Please don't resubmit your application.

Thanks for choosing Chase Freedom® Credit Card .

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:15:46 GMT

@Anonymous wrote:
Thanks for applying.
We need to review your application a little longer.

We'll let you know our decision in writing as soon as we can. If we approve your application, you'll receive your card in the mail in 7-10 business days. Please don't resubmit your application.
Thanks for choosing Chase Freedom® Credit Card .

Just the beginning... Is your phone charged? Are you ready to get to work? Let me know and we will get started. The recon department is open and you have 30 days to get the card approved.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:19:03 GMT

I already went ahead and called.

I was denied, and... at this time, they can't do anything for me, until I have a longer credit history. Not even a $500 limit.

Should I call and bug the hell out of them?

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:21:51 GMT

@Anonymous wrote:
I already went ahead and called.

I was denied, and... at this time, they can't do anything for me, until I have a longer credit history. Not even a $500 limit.

Should I call and bug the hell out of them?

You already called? What did you say? The key is in your rebuttal to the questions asked. I like your spirit. You are going to call again but not tonight as they switch shifts. If you call again today, you will probably get the same person.

What specifically did the analyst say?

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:22:10 GMT

Now here is the weird thing. If I call the Application Status, line... it says my application is still being reviewed.

I wonder?

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:24:46 GMT

I called in. The lady, was very friendly but, short as well.

She said... that I don't have a long enough credit history (didn't mention any of it was AU) and that I should try applying again, whenever I feel like it's long enough. Part of me even wonders, if she looked at my report to begin with.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:37:29 GMT

@Anonymous wrote:
I called in. The lady, was very friendly but, short as well.

She said... that I don't have a long enough credit history (didn't mention any of it was AU) and that I should try applying again, whenever I feel like it's long enough. Part of me even wonders, if she looked at my report to begin with.

She sounds like she is done for the night. Chase application line is weird like that that is why you have 30 days to get application removed.

They are open on Sundays also. So if you want to try tomorrow morning, have at it.

When you call, you are going to say " I applied for the Chase Freedom and I wanted to see if there is further information needed to process my application (Don't ever tell them you called yesterday). The analyst will put you on hold and come back with an answer. If he'she said, it is denied you are not going to say thanks for your time and then hang up. But instead you are going to say, before I get off the phone I'd like to explain myself for applying although you said it is denied. Prior to applying, I did research and the Chase Freedom have been approved for people with less credit history than me. I have seen limits from $500, $1,000 etc and I know with limits like that, Chase is just giving the applicant a chance to prove themselves.

I have 8 months of history. Yes, I am only an authorized user on 2 cards but I'd also like a chance like my predecessors with $400, $1000 limits. I'd also like to prove myself and all I ask is a opporutnity to do that.. This is a passionate plea for reconsideration. Then wait and see what the analyst says.."

Remember, they are human beings also.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:39:17 GMT

@Anonymous wrote:
Now here is the weird thing. If I call the Application Status, line... it says my application is still being reviewed.

I wonder?

Now go to the Amex website and see if you are pre-qualified for any of their cards.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:41:36 GMT

Well this is weird...

But, after I applied for Chase Freedom, suddenly Capital One's website, says I'm Pre-Approved.

MasterCard Platinum $0 Annual Fee & Capital One QuickSilverOne $39 Annual Fee, both for "average" credit.

Isin't that funny. Suddenly I'm good enough

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:43:46 GMT

@Anonymous wrote:
Well this is weird...

But, after I applied for Chase Freedom, suddenly Capital One's website, says I'm Pre-Approved.

MasterCard Platinum $0 Annual Fee & Capital One QuickSilverOne $39 Annual Fee, both for "average" credit.

Isin't that funny. Suddenly I'm good enough

Don't go for the platinum. Keep in mind with CAP 1, there is a blurred line as to what they consider"excellent, fair and good credit". I have seen people here with a 640 score getting approved for a $20,000 Venture card. So I'd take that recommendation with a pinch of salt.

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:48:12 GMT

@Anonymous wrote:
@Anonymous wrote:
Now here is the weird thing. If I call the Application Status, line... it says my application is still being reviewed.

I wonder?

Now go to the Amex website and see if you are pre-qualified for any of their cards.

We’re sorry we couldn’t find an exclusive offer for you.

But based on your interests, we think you might like the following Cards.

So, No-Go For Amex :/

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:50:12 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Now here is the weird thing. If I call the Application Status, line... it says my application is still being reviewed.

I wonder?

Now go to the Amex website and see if you are pre-qualified for any of their cards.
We’re sorry we couldn’t find an exclusive offer for you.
But based on your interests, we think you might like the following Cards.

So, No-Go For Amex :/

Let ask you a question. Do you have any baddies at all?

Re: First Card... any advice?

Anonymous — Sun, 16 Aug 2015 00:54:17 GMT

None. No Baddies whatsoever.

Just a thin file, with only two accounts.