topic Re: Choosing a new Credit Card, Advice needed in Credit Cards

Choosing a new Credit Card, Advice needed

Anonymous — Wed, 09 Nov 2016 21:53:04 GMT

I’ve been reading most of the similar questions about choosing the right credit card for a specific goal, here is my situation:

I started with a good credit that went down all the way to 550 score 6 years ago. since than I have paid all my debt (settle for less) with Citibank and closed small acc with macys etc. I started re-building my credit with capital one secured card for the past 3 years and my currant max on this card is $2,500 (maximum) I pay balance in full each and even twice a month. My personal income has now in a very good and healthy place with chase bank with both personal and business accounts.

Last credit report shoes all my debt has been pain or account closed, as for now my credit score reach 736 (from c.one credit wise tracker),

I also started to receive all kind of credit cards offers as well.

What should be the next credit card to apply for?

Does it matter applying for a c.card as a company vs. personal account (I have great income in both)?

I've been thinking about c.one quicksilver/chase freedom/amex blue/Discover It.

I would appreciate any help and direction from you guys, Thanks!

Re: Choosing a new Credit Card, Advice needed

Anonymous — Wed, 09 Nov 2016 22:20:23 GMT

Welcome to myFICO! What are your current FICO scores? Do you have any inquiries? Baddies?

Re: Choosing a new Credit Card, Advice needed

Anonymous — Wed, 09 Nov 2016 22:43:01 GMT

Thank You!

I didn't purchased a FICO score yet, trying to figure out what is the best plan for now.

Based on CreditWise my score is 736 as for today with 2 derogatory acc and 1 delinquent acc.

My report shows 4 closed accounts on $0.00 / Available credit $2,500 / oldest credit line is 9 years.

Re: Choosing a new Credit Card, Advice needed

BirchBarlow — Thu, 10 Nov 2016 01:23:00 GMT

Which type of card are you looking for? If it's rotating cash back I would choose Chase Freedom or Discover. Chase Freedom Unlimited if you want flat cash back. Both Chase and Discover offer 90 day price protection, a very useful feature that most cards don't offer.

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 01:42:37 GMT

@Anonymous wrote:
Thank You!
I didn't purchased a FICO score yet, trying to figure out what is the best plan for now.
Based on CreditWise my score is 736 as for today with 2 derogatory acc and 1 delinquent acc.
My report shows 4 closed accounts on $0.00 / Available credit $2,500 / oldest credit line is 9 years.

forget CreditWise is useles. checkcredittotal.com. $ 1 for 3 real fico scores. cancel after you get the report and post your scores. if you go to capital one do you see a pre-quality? how about chase? don't get store cards.

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 19:47:46 GMT

Here is my currant FICO® Score 8 from today:

Experian 642 Transunion 645 Equifax 638

*All old accounts are closed on $0.00* No other issues like public records etc *

I guess my score is still not that good as i though, any recommendation for a card/bank that will work with that and help rise my score?

(I currently have Capital One secure card with $2,500)

I received a few letters in the past few months with "pre-qualify offers" from capital one, discover, amex and chase (where my personal and business checking acc is at)

Over a year ago i went with that letter to capital one branch and the clerk promise me I will get a real c.card even in low balance but I got denied, I just don't want to keep trying but go somewhere I can get approved...I have no income issues current annual is over 100k.

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 19:59:58 GMT

@Anonymous wrote:
Here is my currant FICO® Score 8 from today:
Experian 642 Transunion 645 Equifax 638
*All old accounts are closed on $0.00* No other issues like public records etc *

I guess my score is still not that good as i though, any recommendation for a card/bank that will work with that and help rise my score?
(I currently have Capital One secure card with $2,500)

I received a few letters in the past few months with "pre-qualify offers" from capital one, discover, amex and chase (where my personal and business checking acc is at)
Over a year ago i went with that letter to capital one branch and the clerk promise me I will get a real c.card even in low balance but I got denied, I just don't want to keep trying but go somewhere I can get approved...I have no income issues current annual is over 100k.

good, you are in pretty good shape – anything over ~680 is often considered good enough. Over ~750 is excellent but you have more than enough to work with. What is the reason(s) your scores are on the low side and have you addressed everything you can to get it in good shape? Go to cap1s site right now and see if you get a pre-qual - it should not be generic looking; it might have your name or a fixed apr. You can take screen snip of it and post it. Are you military or retired or a member of any credit union? I am thinking c1 is your ticket to the promised land, post what you find please. Oh, I just made a reservation for this place sat, is this you lol
http://www.azuojai.com/

Re: Choosing a new Credit Card, Advice needed

happypill — Thu, 10 Nov 2016 20:05:55 GMT

Given your current FICO scores and the history you described, your best bet right now would be Capital One. If you want the highest possible limit try for the Venture (also great sign-on bonus and you can downgrade to a no AF within a year), if you want no AF then go for the Quicksilver. Capital One does value history with their cards so I think you should be in good shape with them.

Discover is friendly to thin filles. You only have one card currently, but not sure if you have a lot of prior history. They might be worth a try, but you'll probably get a very small limit to start.

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 20:42:54 GMT

Those prequalifying offers are from some of the eastiest banks except for Chase. If I was in your shoes I would apply for Discover. They are people getting them with a lower credit score then you and have the best customer service of any bank. You get a free credit score and rewards are really good. Once your credit improve, I would PC the Captial One credit card to something better such as quicksilver. My guess Chase would be the hardest credit card to get and I would hold off until your credit score is closer to 700.

With Amex they are the Disneyworld of credit world. They have a really good side and a dark shadow side to them. If you go down this path make sure you never miss a payment and preferable pay full every month (This is probably common sense, this the one bank you do not want to be on your bad side). You probably qualify for the Blue or Everyday cards. The Amex Green is not worth it.

As for regional or another other banks they are going to be very difficult to get.

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 20:57:49 GMT

@bourgogne wrote:
@Anonymous wrote:
Here is my currant FICO® Score 8 from today:
Experian 642 Transunion 645 Equifax 638
*All old accounts are closed on $0.00* No other issues like public records etc *

I guess my score is still not that good as i though, any recommendation for a card/bank that will work with that and help rise my score?
(I currently have Capital One secure card with $2,500)

I received a few letters in the past few months with "pre-qualify offers" from capital one, discover, amex and chase (where my personal and business checking acc is at)
Over a year ago i went with that letter to capital one branch and the clerk promise me I will get a real c.card even in low balance but I got denied, I just don't want to keep trying but go somewhere I can get approved...I have no income issues current annual is over 100k.

good, you are in pretty good shape – anything over ~680 is often considered good enough. Over ~750 is excellent but you have more than enough to work with. What is the reason(s) your scores are on the low side and have you addressed everything you can to get it in good shape? Go to cap1s site right now and see if you get a pre-qual - it should not be generic looking; it might have your name or a fixed apr. You can take screen snip of it and post it. Are you military or retired or a member of any credit union? I am thinking c1 is your ticket to the promised land, post what you find please. Oh, I just made a reservation for this place sat, is this you lol
http://www.azuojai.com/

Thanks for the tips! I went to C1 and got "pre-qualify" for:

Quicksilver and Venture Cards

https://s4.postimg.org/p8sqb9mjh/capital.jpg

In the past i had citibank credit card (my 1st ever) and I was young and stupid enough to go on a 6 month trip and didn't pay balance, since then I paid all my debt and all old account are now closed with zero balance. I guess i don't have enough credit cards to even show a positive change in the credit history...

lol Not my place but looks great, should def check it out when in Cali!

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 20:57:34 GMT

@Anonymous wrote:
@bourgogne wrote:
@Anonymous wrote:
Here is my currant FICO® Score 8 from today:
Experian 642 Transunion 645 Equifax 638
*All old accounts are closed on $0.00* No other issues like public records etc *

I guess my score is still not that good as i though, any recommendation for a card/bank that will work with that and help rise my score?
(I currently have Capital One secure card with $2,500)

I received a few letters in the past few months with "pre-qualify offers" from capital one, discover, amex and chase (where my personal and business checking acc is at)
Over a year ago i went with that letter to capital one branch and the clerk promise me I will get a real c.card even in low balance but I got denied, I just don't want to keep trying but go somewhere I can get approved...I have no income issues current annual is over 100k.

good, you are in pretty good shape – anything over ~680 is often considered good enough. Over ~750 is excellent but you have more than enough to work with. What is the reason(s) your scores are on the low side and have you addressed everything you can to get it in good shape? Go to cap1s site right now and see if you get a pre-qual - it should not be generic looking; it might have your name or a fixed apr. You can take screen snip of it and post it. Are you military or retired or a member of any credit union? I am thinking c1 is your ticket to the promised land, post what you find please. Oh, I just made a reservation for this place sat, is this you lol
http://www.azuojai.com/

Thanks for the tips! I went to C1 and got "pre-qualify" for:
Quicksilver and Venture Cards
https://s4.postimg.org/p8sqb9mjh/capital.jpg

lol Not my place but looks great, should def check it out when in Cali!

whoa! you are making this way too easy - if you can make the spend on the venture do it, the sl will be much higher than the qs. after you make the bonus and after 3 months cli the venture, make sure a pc is an offer then cash out the card and pc it to a qs. done.

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 20:59:05 GMT

@bourgogne wrote:
@Anonymous wrote:
@bourgogne wrote:
@Anonymous wrote:
Here is my currant FICO® Score 8 from today:
Experian 642 Transunion 645 Equifax 638
*All old accounts are closed on $0.00* No other issues like public records etc *

I guess my score is still not that good as i though, any recommendation for a card/bank that will work with that and help rise my score?
(I currently have Capital One secure card with $2,500)

I received a few letters in the past few months with "pre-qualify offers" from capital one, discover, amex and chase (where my personal and business checking acc is at)
Over a year ago i went with that letter to capital one branch and the clerk promise me I will get a real c.card even in low balance but I got denied, I just don't want to keep trying but go somewhere I can get approved...I have no income issues current annual is over 100k.

good, you are in pretty good shape – anything over ~680 is often considered good enough. Over ~750 is excellent but you have more than enough to work with. What is the reason(s) your scores are on the low side and have you addressed everything you can to get it in good shape? Go to cap1s site right now and see if you get a pre-qual - it should not be generic looking; it might have your name or a fixed apr. You can take screen snip of it and post it. Are you military or retired or a member of any credit union? I am thinking c1 is your ticket to the promised land, post what you find please. Oh, I just made a reservation for this place sat, is this you lol
http://www.azuojai.com/

Thanks for the tips! I went to C1 and got "pre-qualify" for:
Quicksilver and Venture Cards
https://s4.postimg.org/p8sqb9mjh/capital.jpg

lol Not my place but looks great, should def check it out when in Cali!

whoa! you are making this way too easy - if you can make the spend on the venture do it, the sl will be much higher than the qs. after you make the bonus and after 3 months cli the venture, make sure a pc is an offer then cash out the card and pc it to a qs. done.

oh, forget discovery the pre-qual is worthless - measure 2x cut 1x, you are in with cap1. drinks are on you when you come to ca!

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 21:03:58 GMT

@Anonymous wrote:
Those prequalifying offers are from some of the eastiest banks except for Chase. If I was in your shoes I would apply for Discover. They are people getting them with a lower credit score then you and have the best customer service of any bank. You get a free credit score and rewards are really good. Once your credit improve, I would PC the Captial One credit card to something better such as quicksilver. My guess Chase would be the hardest credit card to get and I would hold off until your credit score is closer to 700.

With Amex they are the Disneyworld of credit world. They have a really good side and a dark shadow side to them. If you go down this path make sure you never miss a payment and preferable pay full every month (This is probably common sense, this the one bank you do not want to be on your bad side). You probably qualify for the Blue or Everyday cards. The Amex Green is not worth it.

As for regional or another other banks they are going to be very difficult to get.

Thank you for your comment, I definitely consider Discover even with a low limit would help me showing improvement as my currant CC is on 2,500 which is not enough but the max i could deposit with capital one.

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 21:10:10 GMT

@Anonymous wrote:
@Anonymous wrote:
Those prequalifying offers are from some of the eastiest banks except for Chase. If I was in your shoes I would apply for Discover. They are people getting them with a lower credit score then you and have the best customer service of any bank. You get a free credit score and rewards are really good. Once your credit improve, I would PC the Captial One credit card to something better such as quicksilver. My guess Chase would be the hardest credit card to get and I would hold off until your credit score is closer to 700.

With Amex they are the Disneyworld of credit world. They have a really good side and a dark shadow side to them. If you go down this path make sure you never miss a payment and preferable pay full every month (This is probably common sense, this the one bank you do not want to be on your bad side). You probably qualify for the Blue or Everyday cards. The Amex Green is not worth it.

As for regional or another other banks they are going to be very difficult to get.
Thank you for your comment, I definitely consider Discover even with a low limit would help me showing improvement as my currant CC is on 2,500 which is not enough but the max i could deposit with capital one.

assuming you are a guy, DUDE! do not get a discover when you have a solid pq for 2 of the top c1 cards. its not about showing improvements it about getting a high limit. here you go, I was mid 500s in 9/14 and I had a single $ 300 c1 card. read my sig. there you go, now go and post your results

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 21:13:29 GMT

@bourgogne wrote:
@Anonymous wrote:
@Anonymous wrote:
Those prequalifying offers are from some of the eastiest banks except for Chase. If I was in your shoes I would apply for Discover. They are people getting them with a lower credit score then you and have the best customer service of any bank. You get a free credit score and rewards are really good. Once your credit improve, I would PC the Captial One credit card to something better such as quicksilver. My guess Chase would be the hardest credit card to get and I would hold off until your credit score is closer to 700.

With Amex they are the Disneyworld of credit world. They have a really good side and a dark shadow side to them. If you go down this path make sure you never miss a payment and preferable pay full every month (This is probably common sense, this the one bank you do not want to be on your bad side). You probably qualify for the Blue or Everyday cards. The Amex Green is not worth it.

As for regional or another other banks they are going to be very difficult to get.
Thank you for your comment, I definitely consider Discover even with a low limit would help me showing improvement as my currant CC is on 2,500 which is not enough but the max i could deposit with capital one.

assuming you are a guy, DUDE! do not get a discover when you have a solid pq for 2 of the top c1 cards. its not about showing improvements it about getting a high limit. here you go, I was mid 500s in 9/14 and I had a single $ 300 c1 card. read my sig. there you go, now go and post your results

So your'e saying I should apply for C1 Ventur and then change to Quicksilver? Just wanted to confirm

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 21:54:10 GMT

both offers have a single apr no range and the are a good # so you should get a decent sl with either card. historically the venture will yield a higher sl. if you want a higher limit and can meet the min spend for the bonus that would be what I would do. then cli @ 3 months, cash out and pc to the qs

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 21:24:13 GMT

also, this will be a triple pull and you cannot get another Capital One card for 6 months

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 21:27:28 GMT

good luck and post your results. you got this!!

Re: Choosing a new Credit Card, Advice needed

Anonymous — Thu, 10 Nov 2016 22:01:29 GMT

Got it ! Thanks, will decide between the 2 and give it a shot...

Re: Choosing a new Credit Card, Advice needed

bourgogne — Thu, 10 Nov 2016 22:08:27 GMT

@Anonymous wrote:
Got it ! Thanks, will decide between the 2 and give it a shot...

@Strike while the iron is hot. serious. if you can do $3K in 3 months then I would advise doing the venture. I did 300>3300>8300>12300>14300 @ P>QS1>WMC and combined it into a venture I pc'ed into a qs. my venture sl was $ 20K. do the math, its a lot easier starting with a high limit then spending time to cli all the time. just my .02 - answer my other query, are you military of xmil or do you have linkage to the forces?