topic Re: Which card should i go for? in Credit Cards

Which card should i go for?

Anonymous — Sun, 02 Aug 2015 01:49:19 GMT

In my wallet i've got

QS- 2000

Discover- 1500

Fairwinds -1000

Merrick Bank- 1000

QS- 850

Sears store card- 500

Refinancing my car in two weeks, but once i do that i'm thinking of going on an app spree. What do you guys recommend? Can i get an Amex? I check the prequal sites for Amex and Chase daily and none pop up. I'm opted in, though i do have a fraud alert on my TU report that i don't believe is on my other ones. Not sure if that would affect anything.

For Those On Mobile.

8/01 EX- 692 TU- 691 EQ- 669
Inquiries EX-6 TU- 8 EQ- 15
1.5 years Since Last Late payment
Oldest ACC- 2.4 Yrs AAOA- 1 year
Goal: 700 across the board

Re: Which card should i go for?

OmarGB9 — Sun, 02 Aug 2015 05:41:32 GMT

Assuming no major baddies and you didn't burn Amex in a BK, I think you have a pretty good shot at getting approved.

Re: Which card should i go for?

Jeff532003 — Sun, 02 Aug 2015 05:44:50 GMT

I think you'd be good for an AMEX charge. A revolver might be more difficult but you can always try. You also might want to try for a cap one Venture since your already in with them. People have been seeing nice starting limits. Really it all comes down to what rewards are important to you.

Re: Which card should i go for?

Anonymous — Sun, 02 Aug 2015 14:52:31 GMT

I read on cap ones site and a few other places that there is a limit on the amount of cards you can have with them. On the site it says two, here it's said around four(you have four yourself). Not sure if that's not counting cards that were someone else before cap1 or not tho, mine are direct from cap1.

So not a great shot at a revolver? I do have a baddie though. Late payment 6x in a row. Went to 180 days on eq, and ex. Tu only shows a few 120+. That was September 2013-march 2014. So I don't know how had that is, it is however a 'major derog'

Re: Which card should i go for?

NRB525 — Sun, 02 Aug 2015 14:59:12 GMT

Which account went late? Is it current now?

Re: Which card should i go for?

Anonymous — Sun, 02 Aug 2015 15:11:45 GMT

It was closed on me after 2 payments missed. State farm Viss. My first card, basically I was an idiot. That situation will never happen again. I did however pay it down promptly in full. Never went to collections, just the lates.

Re: Which card should i go for?

Anonymous — Sun, 02 Aug 2015 15:16:16 GMT

@Anonymous wrote:
I read on cap ones site and a few other places that there is a limit on the amount of cards you can have with them.

I have 5 Capital One cards,

I would absolutely go for the Venture at the end of your app spree...it will break you out of the low limit cards you have.

Re: Which card should i go for?

Anonymous — Sun, 02 Aug 2015 15:26:22 GMT

Capital One is 5 individually held cards. I don't think your file is strong enough for the Venture yet.

You could try the Macy's Am Ex IN STORE. They run Ex. Worst case you should get the store card.

Cabelas Visa runs Eq. That may fly. With Am Ex try the ED. An Ex pull. Barclays is TU and may be a good option also. You could get a Wal Mart store card to help with utilization. Another TU pull.

Not sure how doing a car refi with lots of inquiries will hurt your credit card chances. Do you have one lender like a credit union in mind so it will be one pull?

Re: Which card should i go for?

Anonymous — Sun, 02 Aug 2015 15:50:45 GMT

I do have 7 grand of stdent loans and a car payment of 15k on the file. Dont know if that makes it any less thin? My oldest activate card is cap1 at 2.1 years, cumulatively, i've been with cap1 for about 36 total months. My refinance is going to be a hard equifax pull, just one, with my credit union. Eq is kind of already bunked because when i first got the car i didn't know any better and let the dealer scattershot my inquiries, ended up with 12, not all were keyed as auto loan inq.

Technically i dont have to go on the app spree, it's just that i'll have my credit as high as possible currently and i figured i'd take advantage.

Re: Which card should i go for?

Anonymous — Mon, 03 Aug 2015 00:02:31 GMT

Just checked the Chase prequal site, it shows im prequalified for freedom, slate, and sapphire. Do people have good experiences with the site? Five of my six cards have been opened in the last year. with only my 2k qs opened more than 2 years ago

Re: Which card should i go for?

SouthJamaica — Mon, 03 Aug 2015 00:56:33 GMT

@Anonymous wrote:
In my wallet i've got
QS- 2000
Discover- 1500
Fairwinds -1000
Merrick Bank- 1000
QS- 850
Sears store card- 500

Refinancing my car in two weeks, but once i do that i'm thinking of going on an app spree. What do you guys recommend? Can i get an Amex? I check the prequal sites for Amex and Chase daily and none pop up. I'm opted in, though i do have a fraud alert on my TU report that i don't believe is on my other ones. Not sure if that would affect anything.

For Those On Mobile.
8/01 EX- 692 TU- 691 EQ- 669
Inquiries EX-6 TU- 8 EQ- 15
1.5 years Since Last Late payment
Oldest ACC- 2.4 Yrs AAOA- 1 year
Goal: 700 across the board

I think you would be better advised to get one card, rather than go on a spree.

I would suggest the Barclays Rewards card it you're not going to use it for cash advances or balance transfers.

Re: Which card should i go for?

SouthJamaica — Mon, 03 Aug 2015 00:57:13 GMT

@Anonymous wrote:
I read on cap ones site and a few other places that there is a limit on the amount of cards you can have with them.

The limit is 5.

Re: Which card should i go for?

SouthJamaica — Mon, 03 Aug 2015 01:00:35 GMT

@Anonymous wrote:
Just checked the Chase prequal site, it shows im prequalified for freedom, slate, and sapphire. Do people have good experiences with the site? Five of my six cards have been opened in the last year. with only my 2k qs opened more than 2 years ago

Their prequalification is considered reliable.

Re: Which card should i go for?

Anonymous — Mon, 03 Aug 2015 06:26:39 GMT

By spree I mean probably opening at most 3 New cards. I just don't really want to wait a few months to app for a card(or cards) because in 12 months I plan on buying a new car. And I would like a clean 12 month span from September to September of inquiries.

I wouldn't refi my car if I didn't need to, but the interest is literally 80 dollars more per month than its about to be and it's just one inq.

I just want to pick the right cards. I'm thinking two of Chase/Amex/Barclay and one of the Venture cards. I know Venture does a triple pull, but the starting line if approved would be awesome.

Re: Which card should i go for?

takeshi74 — Mon, 03 Aug 2015 13:39:43 GMT

@Anonymous wrote:
Which card should i go for?

As with any thread asking for recommendationsm what are you specifically looking for? You need to provide your criteria to narrow down the options.

@Anonymous wrote:
Can i get an Amex?

@Anonymous wrote:
I'm thinking two of Chase/Amex/Barclay

Do not select a creditor and then try to justify a card. Use your criteria to select specific products that suit your needs/wants.

Re: Which card should i go for?

Anonymous — Mon, 03 Aug 2015 14:23:23 GMT

@Anonymous wrote:
and one of the Venture cards

No, not "one" of the Venture cards...exactly the "Venture" card.

Do not get cheap on the annual fee and make the mistake of getting the VentureOne. The VentureOne limits aren't all that great...it's the "Venture" that has great starting limits.

Pick up the Venture to end your mini-spree since it's the easiest to get.

Re: Which card should i go for?

Anonymous — Mon, 03 Aug 2015 16:12:26 GMT

Well there isn't necessarily a need for any certain type of card. Rewards would be fantastic, daily, like with the Discover or Freedom, I already have Discover however. Freedom would likely make the most sense of any Chase cards since i dont have any need for a BT anytime soon so Slate is likely out the window.

A travel card would be nice as i do plan on Travelling at some point later this year, and much more going forward(new job started this past feburary which has gotten all finances in order) Thats where the Venture idea comes in(which i now know, only the 'VENTURE') Maybe sapphire preffered instead? But the High SL with venture would be awesome.

And I would really like to get in with AMEX, Ideally with a solid reward card like the Blue cash ED, or even just the ED.

With my Fairwinds i receive 2% on Gas and groceries

Discover the rotating categories

Cap1 Everyone knows about the QS

Merrick/Sears have a garbage APR andbad rewards So they're never used