topic Re: Discover Secured Graduated, Credit Experts What do you recommend? in Credit Cards

What card to get next after Discover?

Anonymous — Sun, 09 Sep 2018 00:14:19 GMT

Hey guys I just made a post similar to this one so I apologize in advance but I couldn't get a clear answer,

My first credit card Discover just graduated after 7 months and my credit score is now showing to be 730

Im looking for a new card to get. What is the recommened card i want to make my credit score higher, more CL, and just overall better.

From what i understand this journey should lead to Chase Sapphire or Amex Plantinum and above

Thank you

Discover Secured Graduated, Credit Experts What do you recommend?

Anonymous — Sat, 08 Sep 2018 22:39:35 GMT

Hey guys,

My Discover Secured graduated and Im getting my deposit back as well as a credit limit increase.

My credit score is 730

Do you think a chase card would be a good idea right now? I'm working towards a high level card like Sapphire or Amex

Any answer is greatly appriecated

Re: Discover Secured Graduated, Credit Experts What do you recommend?

MrDFinance — Sat, 08 Sep 2018 22:45:46 GMT

Need some more Data..... Inquires?.... Average Age of Accounts?.... Any derogatory marks on your report?

Have you tried any prequals yet?

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Anonymous — Sat, 08 Sep 2018 22:47:50 GMT

Inquires: 1

Age: 7 months

No derogatory mark

No I haven't received any offers yet.

Thank you

Re: Discover Secured Graduated, Credit Experts What do you recommend?

MrDFinance — Sat, 08 Sep 2018 22:52:50 GMT

Chase and AMEX tend not to like thin files (accounts with Less then a year of history) ...

I would honestly wait til your just over the year mark with your histrory before you go for those 2 to increase your chances ...

Capital One is a little more forgiving in this area.... If any of those cards interest you

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Medic981 — Sat, 08 Sep 2018 22:53:31 GMT

Welcome to the myFICO forums!

How many tradelines or credit cards, loans do you have reporting to your credit bureau files?

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Anonymous — Sat, 08 Sep 2018 22:55:25 GMT

Only 1 discover card nothing else

Not sure what a tradeline is

No loans

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Pikaboo-icu — Sat, 08 Sep 2018 22:56:39 GMT

Welcome to My Fico.

Have you tried the Chase prequal site? https://www.chase.com/prequalified

If no joy, AMEX and CapOne both have prequal sites as well.

Good Luck!

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Medic981 — Sat, 08 Sep 2018 23:02:35 GMT

@Anonymous wrote:
Only 1 discover card nothing else
Not sure what a tradeline is
No loans

A tradeline is a creditor account listed on your credit bureau file. In my humble opinion, I would apply for a Capital One Platinum card. If they turn you down, then I would use the money Discover refunded you and apply for a secured Captial One Card. Capital One is a great starter card, however, you will be bucket limited, meaning you will never grow the credit line into a large amount.

As you can see on my signature line, Captial One is my starter card.

Re: Discover Secured Graduated, Credit Experts What do you recommend?

MrDFinance — Sat, 08 Sep 2018 23:02:58 GMT

I agree.... Check the prequal sites and if no offers show I would just sit tight and continue doing what your doing and revisit applying once your history is a bit longer....(Unless you find a Capital One card you like)

Your obviously doing a good job if discover graduated you in 7 months ....

Re: Discover Secured Graduated, Credit Experts What do you recommend?

Medic981 — Sat, 08 Sep 2018 23:10:14 GMT

@Pikaboo-icu wrote:
Welcome to My Fico.

Have you tried the Chase prequal site? https://www.chase.com/prequalified

If no joy, AMEX and CapOne both have prequal sites as well.
Good Luck!

Chase is a tough nut to crack when you are first starting out. Chase wants to see what kind of risk you are by letting the other CCC take the risk first. If you desire a Chase CC, keep the Chase 5/24 rule in mind when applying for CCs. Chase is a jealous CCC, if you have more than 5 new CC in a running 24 month period Chase will deny your application. There are exceptions with the co-branded cards, just be aware.

Re: What card to get next after Discover?

Jnbmom — Sun, 09 Sep 2018 00:18:32 GMT

You really should only post one thread in regards to the same question which looks like you got several helpful answers in your first post.

Plus its against the TOS here.

Re: What card to get next after Discover?

Anonymous — Sun, 09 Sep 2018 00:29:09 GMT

Im sorry that this triggered you

Re: What card to get next after Discover?

Jnbmom — Sun, 09 Sep 2018 00:31:14 GMT

@Anonymous wrote:
Im sorry that this triggered you

Triggered me? Just a friendly post letting you know how the forum flows.

Re: What card to get next after Discover?

Pikaboo-icu — Sun, 09 Sep 2018 01:19:37 GMT

@Anonymous wrote:
Im sorry that this triggered you

It didn't trigger her, she is trying to prevent you from getting modslapped.

They'll give warnings at first- You're new, JNBMom was trying to help you get familiar with the rules..

You can always post again in your other thread and request more specifics.

CHEERS.

Re: What card to get next after Discover?

Anonymous — Sun, 09 Sep 2018 01:31:12 GMT

OP—First, if you just had a Discover graduate and you’ve got a whole 7 months of credit history in your rear view mirror, you should focus on 5-6 months of responsible usage and on-time payments. That will open doors to unsecured and hopefully non subprime cards. Otherwise, you could accumulate any of the many secured cards available if you are in that big of a hurry. Perhaps become a member of a CU if you aren’t already, and seek one of the CU credit cards since those aren’t subprime.

Secondly, the people here are very friendly and will bend over backwards to give you advice. Many times at the expense of their own hard learned lessons. If anyone suggests to you that you are going about posting in an inappropriate way or in violation of TOS or any other forum rules, it is done so as a friendly reminder. We all forget from time to time and try and help each other out. Do not let your zeal and eagerness to achieve your goals get in the way of common courtesy and respect.

Best of luck in your journey and for any question you pose, the more data points about you and your credit that you are willing to provide the more accurate the advice is likely to be.

Re: What card to get next after Discover?

AverageJoesCredit — Sun, 09 Sep 2018 01:59:06 GMT

Hi Op, Welcome to the forum. We dont allow cross posting here as it can confuse posters snd is part of our TOS. Any questions feel free to pm one of our Mods or CL's. Thanks for understanding

Ps, not all credit journeys need to lead or end with a Plat or CSR, those cards aren't for everyone. Pick a end goal that fits you

Re: What card to get next after Discover?

Anonymous — Sun, 09 Sep 2018 02:26:55 GMT

it really depends on your needs and spending habits. the two cards you mentioned have really high annual fees so would the card benefits be worth the hefty fee?

if you're only trying to boost your credit score then you should get a card with no annual fee and pay the balance in full every month

edit: saw your other post and your profile is too thin for Chase and AMEX, you will most likely get declined. i would go with the Quicksilver from Capital One

Re: What card to get next after Discover?

K-in-Boston — Sun, 09 Sep 2018 04:07:01 GMT

@Anonymous Welcome to the forums. I’ve merged your two topics. As others have mentioned, duplicate threads are not allowed here since they can lead to confusion. We strive to keep all replies Friendly, Supportive, and Respectful (FSR) here.

When you have a moment, hopefully you’ll find the information here as helpful as our community members:

https://ficoforums.myfico.com/t5/User-Guidelines-General/bd-p/Welcome

Re: What card to get next after Discover?

jayjayhawaii — Mon, 10 Sep 2018 01:07:16 GMT

@Anonymous wrote:
Hey guys I just made a post similar to this one so I apologize in advance but I couldn't get a clear answer,

My first credit card Discover just graduated after 7 months and my credit score is now showing to be 730

Im looking for a new card to get. What is the recommened card i want to make my credit score higher, more CL, and just overall better.

From what i understand this journey should lead to Chase Sapphire or Amex Plantinum and above

Thank you

Congrats!!

Which bureau is the 730? Experian, Equifax, Transunion or across all three? Also, is it your FICO score or 'FAKO' (VantageScore - CreditKarma, Credit Sesame etc.?)

If you want to get in with Chase, don't do what I (and many here) have done and app for a lot of cards. Chase has a 5/24 rule. Essentially, if you have opened five or more accounts within the last 24 months, you will be denied, regardless of your credit score. You might want to check out Capital One for pre-qualified offers. Capital One is great for both rewards as well as for growing your credit. Cap 1 pulls all three bureaus in my experience.

Also, next on my list personally is the PayPal 2% Cashback Mastercard from Synchrony. It seems fairly easy to get, and from what I know, they are very generous with CLIs. Synchrony pulls Transunion.

With Amex I would wait for a pre-qualified offer from their website. They pull Experian only.