topic Re: Pc or Apply in Credit Cards

Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:10:54 GMT

What's more beneficial pc or apply for quicksilver from platinum?

Re: Pc or Apply

Zolomon — Mon, 19 Mar 2018 04:22:29 GMT

PC. Usually saves a HP and your age average won’t take a hit from opening a new line.

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:28:55 GMT

But will the card still be looked at as a starter card? That's what I have been reading because quicksilver is a prime card? Correct me if I'm wrong

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:35:43 GMT

Pc if they let you. What will you do with the platinum card after anyways?

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:38:31 GMT

I agree PC it, the Plat doesn't have much use in terms of rewards.

Re: Pc or Apply

HeavenOhio — Mon, 19 Mar 2018 04:46:19 GMT

There'd be nothing stopping you from doing both.

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:48:39 GMT

Ok only thing I'll miss out on is the sign up bonus and the 0% intro APR for 9 months? I'm really trying to build to get the venture or savor card

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:49:49 GMT

i think you save on the annual fee too by doing PC ? am i right?

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:50:55 GMT

I think that's the quicksilver one with the af

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 04:56:21 GMT

Try to PC to the Savor then. Apply for the Venture

Re: Pc or Apply

sueblue34 — Mon, 19 Mar 2018 11:30:45 GMT

PC is the best option. There’s an upgrade link on this forum so see if you are eligible. Also the QS does not have an annual fee plus you earn 1.5% cash back for purchases. PLat doesn’t have any benefits.

Re: Pc or Apply

HeavenOhio — Mon, 19 Mar 2018 12:15:24 GMT

@Anonymous, one thing we haven't talked about is the viability of obtaining a new QS right now. How old are your current cards? What are their limits? Your signature says you have no score. Is that current? Have you checked Capital One's pre-qual tool? Also note that Capital One will only allow a customer to obtain one card in a six-month period.

As I mentioned, it doesn't have to be an either-or. You can PC the current card and grab a new QS if you'd like. Capital One allows customers to have up to two starter cards. But if they're prime products, you can have five cards.

Down the road, if you'd like to consolidate, you can combine the cards. You can choose to keep either the newer QS or the older one. Given that it appears that your account age is quite young, I'd keep the newer one as it would likely have better terms. By the time that the old card is likely to drop from your report, it's not going to change your age of oldest account by very much. Or, if the Discover card is older, your age of oldest account won't change at all.

You've noted the sign-up bonus as an advantage of applying for a new card. The downside would be the three pulls that you may want to save for an app with another bank or a future Capital One app. Do you have plans for cards from other banks in the next year or so? Particularly, are you interested in Chase? If so, you'd want to keep their 5/24 rule in mind.

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 16:54:16 GMT

@HeavenOhio, my current cards are a month old my disco has a 500 limit and cap 1 has 300, and yes I have no score as of right now. I don't prequilify for any other card but when I first app i was prequilified for a platinum or a qs1. Yea I don't want the 3 pulls and yes I would like to add citi dc, PayPal MasterCard and probably chase freedom then I'm living in the garden oh I do want like two store cards

Re: Pc or Apply

HeavenOhio — Mon, 19 Mar 2018 18:10:01 GMT

@Anonymous, if the Freedom is among the cards you want, I'd look to grab one more card once you have scores. After that, don't apply for anything until your oldest card has become a year old. At that point, your profile would likely qualify you for a Chase card.

Once you have the Freedom in hand, you could apply for a couple more cards over the next few months. But don't go on a spree. Chase doesn't like to see that right after getting one of their cards.

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 19:36:30 GMT

Ok so I should have 3 cards total before app for chase? And i actually just have cap 1 and my loan because disco had to jumping through hoops so I was just gonna wait to apply again in 6 months when I have a little history on my profile.

Re: Pc or Apply

HeavenOhio — Mon, 19 Mar 2018 20:04:04 GMT

@Anonymous, I don't understand what happened with Discover. Does it appear on your credit report? The reason for asking is so we know where you stand as far as Chase's 5/24 rule.

Two cards should be fine for Chase. The main things are to wait until your oldest card is a year old and to garden for a bit before applying. The reason I suggested a third card was because I thought you had two cards right now, and apping for something once your scores are generated would still give you plenty of gardening time before your profile is ready for Chase.

Re: Pc or Apply

Anonymous — Mon, 19 Mar 2018 20:58:17 GMT

No none of my tradelines havent posted yet ill be pif on all my accounts this week so i should see them by next month. First they wanted a ssn card and license which I sent in then a day later they wanted me to send in a ss89 form so I just left it alone and told myself I'll wait till I generate a score