topic Re: Should I apply for more CCs? in Credit Card Applications

Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 02:34:24 GMT

I'm fairly new to building credit. I have two CCs. My first was Victoria Secret with a $350 CL (never used) & I also have a NFCU cashRewards Signature w/ a $10k CL. I applied for both earlier this year. 1% utilzation. As of today, my scores are EX: 731, EQ: 727, TU: 702. I have 3 inquires on TU from earlier this year. Two are from NFCU and one from a cell phone provider. I plan on applying for a NavCheck but only after I apply for another CC. I'm just unsure of which CC I should go for. I'm thinking Discover, but any advice would be helpful.

Re: Should I apply for more CCs?

creditguy — Tue, 24 Nov 2015 02:49:35 GMT

Wow talk about a night and day difference between your current cards. Well you certainly need another card to round out your profile. With your scores you shouldn't have a problem qualifying for anything you might want, as long as you have no baddies. If Discover is something you are interested in you shouldn't have any issues, they have a tendency to prefer thin files, and you are a good candidate in that sense. Is there any particular rewards structure your looking for? You've got the cash taken care of with navy, so is there anything like travel rewards or just a general card?

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 02:59:34 GMT

Yeah, my two cards are definitely night & day. I rarely shop at Victoria Secret, but they offered me my first CC, so I took it and still haven't used it.

I don't travel much. Maybe a week long trip once a year and a weekend trip a few times a year. I enjoy the 1.5% cash back rewards from my current card though. So maybe another card similar to that. I'm new to building credit so I'm not 100% informed about the different types of cards & the rewards they offer.

Re: Should I apply for more CCs?

creditguy — Tue, 24 Nov 2015 03:08:42 GMT

Well If you are happy with your current navy rewards, there is no sense duplicating that. A card like Discover or Chase freedom have different quarterly cashback categories that may interest you.Take a look at Chase and Discover sites for more info. You can also check out Amex, they have lots of different cards. Don't forget Citi and Bank of America. There's way too many cards to list, you'll find lots of info from each lenders site that may be very beneficial for you. Once you've narrowed your choices come back and ask about them and you'll get lots of input.

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 03:12:48 GMT

Alright, thanks! I'll definitely look into those tonight & come back to share once I have a few cards in mind!

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 03:14:37 GMT

You deffinitely have options with your scores. Depending on your income and employment status, I'd say first decide what you want, i.e. rewards, cash back. Try the pre qual for chase and capital one also, even Citi. Those three seem to be the most reliable.

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 03:26:25 GMT

TBH i agree with a lot of what creditguy said. discover would love you and give you $3k or more. they have great promos running right now also. don't go with cap1 as you don't travel much so the venture wouldn't be too useful and QS would be redundant.

honestly, discover's customer service is bar none. i love them. you may wanna see what happens if you want to try for categorical spend PLUS the double cash promo to make it a flat 2% card at minimal

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 06:01:25 GMT

I decided to go with Discover!

I'm about to apply right now.

*crosses fingers*

I'll updated ASAP.

Re: Should I apply for more CCs?

creditguy — Tue, 24 Nov 2015 06:02:32 GMT

Good luck

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 06:12:29 GMT

Quick question, for employment status it says "If you are a college student and have a job, select "College Student".

I work full time and I'm a college student. Does selecting college student instead of empoyed full time have any disadvantages as far as my application being approved?

Re: Should I apply for more CCs?

creditguy — Tue, 24 Nov 2015 06:14:17 GMT

They may approve you for a student version if you can't qualify for the regular it, but I see no disadvantage to being approved.

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 06:24:04 GMT

Thanks for all of the helps, guys.

Thank you for your application.

We are reviewing your application and will notify you within 5-7 days once your approval status has been determined.

...now we wait.

hopefully it's not a denial.

Re: Should I apply for more CCs?

creditguy — Tue, 24 Nov 2015 06:33:29 GMT

Yeah hard to tell with discover, they can be odd, but with your profile, I honestly can't see a justified denial, Good Luck though and keep us posted.

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 22:12:04 GMT

So I applied for Discover last night around 11pm. Got the 5-7 day message.

I was expecting some sort of email or something this morning, but got nothing. I tried to check the status of my application this morning but I got an error saying "There was an error retrieving your application. Please try again."

So I called 1-800-DISCOVER and they said they couldn't find my application but to give it a day or two & it should show up.

No inquiries on my reports either.

Is this normal?

Re: Should I apply for more CCs?

Anonymous — Tue, 24 Nov 2015 22:33:44 GMT

not necessarily normal but i would wait.

Re: Should I apply for more CCs?

Anonymous — Wed, 25 Nov 2015 06:54:48 GMT

Being impatient, I called again. Still no application on file and we came to the conclusion that I applied when their system was down so I went ahead and applied over the phone & they said I should know whether or not I get approved in 72 hours. We'll see what happens this time.

Re: Should I apply for more CCs?

SouthJamaica — Wed, 25 Nov 2015 14:44:58 GMT

@Anonymous wrote:
I'm fairly new to building credit. I have two CCs. My first was Victoria Secret with a $350 CL (never used) & I also have a NFCU cashRewards Signature w/ a $10k CL. I applied for both earlier this year. 1% utilzation. As of today, my scores are EX: 731, EQ: 727, TU: 702. I have 3 inquires on TU from earlier this year. Two are from NFCU and one from a cell phone provider. I plan on applying for a NavCheck but only after I apply for another CC. I'm just unsure of which CC I should go for. I'm thinking Discover, but any advice would be helpful.

Since you like cash rewards, I would recommend the Cap One Quicksilver.

Re: Should I apply for more CCs?

Anonymous — Wed, 25 Nov 2015 22:45:36 GMT

Good luck!

Re: Should I apply for more CCs?

Anonymous — Wed, 25 Nov 2015 23:01:06 GMT

Congratulations!
You're approved for a Discover® Card.

Welcome! Soon you'll be getting cash rewards on everything you buy with your new card.
So watch for it in the mail - then activate it right away.

Your credit line is $1,500.

Finally!!!
Kind of wish I had a higher SL, but at least I was approved. I can worry about a CLI in a couple of months.

Re: Should I apply for more CCs?

creditguy — Wed, 25 Nov 2015 23:21:25 GMT

The suspense was killing me, Congrats on your approval!!!! Discover can be weird with their SL's but they can be very generous with CLI's, especially if you use them a lot. I hope you enjoy it's rewards, I think it's a good card. The package they send the card in is pretty cool too. Again Congrats!!!