topic Re: preappoval advice in Credit Cards

preappoval advice

Quame15 — Fri, 09 Nov 2018 23:42:32 GMT

Who should i go with that stick a little closer to approving through there prequalification. i have been approved by discover for 3 different cards the discover the cash back, miles and chrome card. Also i was preapproved for american express delta sky miles card. Should i go with one of my preapprovals, get a new navy fed flag or go rewards card? LOC with navyfed im so confused and dont want to make the wrong move. A little more about my profile.

My Fico 8 scores are TU690 EX690 EQ680

OPEN ACCOUNTS

navy federal reporting at 3000 out of 14000 opened 12/2016 no missed

michigan first 3150 out of 3500 AU account no missed

capital one 0 out of 750 no missed opened 12/2016

capital one 0 out of 27000 AU reporting terminated 03/2017 no missed

capital one 155 out of 1800 opened 01/2014 1 missed 12 months ago

first premier 0 out of 400 opened 10/2015 one missed 11 months ago

CLOSED ACCOUNT

bestbuy 805 still owed paying 200 a month on

kay jewelr 308 owed

no collections

Re: preappoval advice

jdbkiang — Sat, 10 Nov 2018 21:26:58 GMT

Both Discover and Amex prequalifications are generally dependable. Just choose the card that fits your spend.

Re: preappoval advice

Anonymous — Sun, 11 Nov 2018 00:45:15 GMT

+1 I agree.

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 00:53:38 GMT

I really want to apply for both and get a flagship or go reward card with navy fed... which bureau do they pull from

Re: preappoval advice

jdbkiang — Sun, 11 Nov 2018 01:06:10 GMT

@Quame15 wrote:
I really want to apply for both and get a flagship or go reward card with navy fed... which bureau do they pull from

It depends on your location, but it's been my experience that they use EXP; however, YMMV.

Out of curiosity, which SkyMiles card were you pre approved for?

Re: preappoval advice

Anonymous — Sun, 11 Nov 2018 01:56:10 GMT

@jdbkiang wrote:
@Quame15 wrote:
I really want to apply for both and get a flagship or go reward card with navy fed... which bureau do they pull from
It depends on your location, but it's been my experience that they use EXP; however, YMMV.

Out of curiosity, which SkyMiles card were you pre approved for?

Like jdbkiang says AmEx is more than likely experian. For Navy, my experience was TU and Discover was Equifax.

Edited to add: For Navy: It was Tu for membership (my understanding is no longer hp for membership). For the credit card, it could have been Equifax or Tu. But I don’t remember. It was more than two years ago and has fallen off my reports. However, last year it was Equifax for a CLI. .

Re: preappoval advice

Anonymous — Sun, 11 Nov 2018 02:07:34 GMT

A few suggestions OP.

1. Remove yourself from the maxed out AU card (90%) will do wonders for your profile/score.

2. Close the fee happy First Premier will do wonders for your wallet, you have plenty of other cards now, the days of being prey on are over. Closing it will not hurt your credit or score.

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 05:25:46 GMT

I took myself off as an AU on the Card but it didn’t come off yet and so u think I should close it before I apply for any other card

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 05:36:58 GMT

Delta blue sky mile

Re: preappoval advice

jdbkiang — Sun, 11 Nov 2018 10:50:09 GMT

@Quame15 wrote:
Delta blue sky mile

That's really not the best Amex card out there. Are you sure that's the card you want?

Either way, definitely way for the AU to come off your reports. Maybe if you check pre-approvals after that, you'll get better results.

Re: preappoval advice

AverageJoesCredit — Sun, 11 Nov 2018 12:54:39 GMT

Discover and Amex are great additions to your lineup. id definetly go with Navy. Maybe wait til your report updates sans AU card. Maybe call and see if they can do a mid cycle update?

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 13:39:06 GMT

Ok I will wait

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 13:42:46 GMT

Well my fico 8 scores are ex 702 tu 690 and eq 655 navy fed hasn’t updated with eq yet which navy fed card the flagship or platinum

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 22:54:04 GMT

New update the michigan first cu just auto credit increase $2000 which utilization from 91% to 61%

Re: preappoval advice

jdbkiang — Sun, 11 Nov 2018 23:14:17 GMT

It's up to you. The platinum doesn't really offer any rewards. The Flagship has solid rewards, but an AF of $49.

Again, it really depends on your spend. What do you spend most on monthly? Are you trying to earn points or cashback? Knowing the answers to these questions will help us give you card recommendations.

Also, congrats on the CLI. If you pay your utilization down to below 28%, you should see another increase in your score as well. If you can do that before applying, you should see more cards open up as options.

Re: preappoval advice

Quame15 — Sun, 11 Nov 2018 23:19:05 GMT

Dont really matter I am trying to get more of a high credit limit card so idk how much spending I'm going to do yet looking for good limit on sl on the come out and I removed myself already from the Michigan first Au and it just haven't came off yet ....

Re: preappoval advice

jdbkiang — Sun, 11 Nov 2018 23:25:41 GMT

@Quame15 wrote:
Dont really matter I am trying to get more of a high credit limit card so idk how much spending I'm going to do yet looking for good limit on sl on the come out and I removed myself already from the Michigan first Au and it just haven't came off yet ....

Well, different cards have different rewards and benefits.

It's not necessarily about how much you spend as opposed to what you spend on. For example, if you spend more on groceries, you would look for a card that includes groceries as a bonus category. Alternatively, most premium cards are travel cards, so if you travel a lot, you could benefit from that as well.

A high CL doesn't really do much for your credit score unless you plan on carrying a balance, which usually isn't a good idea unless it's on a low interest rate.

That being said, your SL depends on your credit score and other involved factors. No one company is guaranteed to give you a higher limit than others, though some are slightly more generous. Amex has a 3x CLI tool that can be used every several months, and if that's your goal, they can be a good bank to go with.