topic Re: Should I wait? in Credit Cards

Should I wait?

calebwshn — Mon, 20 May 2013 15:57:23 GMT

Today's the day! My last baddie was disputed off my Ex report. So I'm officially free of bad debt!
So I'm wondering if I should go ahead and apply for another card preferably the Amex delta gold, in that ill be doing some traveling next month. My cap1 still hasn't reported, so I'm wondering if I should go for it now or wait until it reports and then go. Scores are below. Aaoa is 2y6m

Re: Should I wait?

09Lexie — Mon, 20 May 2013 16:02:17 GMT

What's your util?
Congrats on your clean report!

Re: Should I wait?

calebwshn — Mon, 20 May 2013 16:09:31 GMT

Thank you lexie! The cap1 was only recently opened so the first statement hasn't posted yet. So utl is at zero

Re: Should I wait?

webhopper — Mon, 20 May 2013 16:10:47 GMT

Congrats on the new clean report!

I think you should go ahead and apply if your util% is low. Definately apply for a charge card before applying for the Delta though.

Re: Should I wait?

09Lexie — Mon, 20 May 2013 16:14:17 GMT

On mobile so I can't see your siggy is Cap 1 your only rev cc?

Re: Should I wait?

webhopper — Mon, 20 May 2013 16:18:56 GMT

Seems to be... but over 2 yrs AAoA will be helping her out, that's why I suggested a Charge Card.

Re: Should I wait?

09Lexie — Mon, 20 May 2013 16:23:05 GMT

@webhopper

I always thought Amex wanted some sort of rev cc history - not as bad as Chase but something

Re: Should I wait?

calebwshn — Mon, 20 May 2013 16:28:49 GMT

@Lexie, Yes the cap1 is my only revolver.

@webhopper Thanks! I wanted to wait on a charge card because I cant really justify the af with the ones I want just yet. Delta is my primary flyer (until American gets their mess together) and the amount of travelilng ill be doing over the summer, the cost of free bags will more than take care of the AF

Re: Should I wait?

09Lexie — Mon, 20 May 2013 16:34:20 GMT

Someone else chime in ongoing for a revolver with no previous rev cc history.

I'm going to defer to others on this one.

Re: Should I wait?

webhopper — Mon, 20 May 2013 16:34:34 GMT

@09Lexie wrote:
@webhopper

I always thought Amex wanted some sort of rev cc history - not as bad as Chase but something

If declined, OP should wait 12 months then re-apply...

If the income isn't there to support an AF card, you may consider waiting on the Amex app, as Lexie has suggested. You may want to wait until Mid-Dec to apply for Amex and any other card.

Re: Should I wait?

indiolatino61 — Mon, 20 May 2013 17:08:34 GMT

@calebwshn wrote:
Today's the day! My last baddie was disputed off my Ex report. So I'm officially free of bad debt!
So I'm wondering if I should go ahead and apply for another card preferably the Amex delta gold, in that ill be doing some traveling next month. My cap1 still hasn't reported, so I'm wondering if I should go for it now or wait until it reports and then go. Scores are below. Aaoa is 2y6m

Ah...it feels good to be clean, doesn't it...lol? If your util is good, I don't see any reason not to go for it. However, it is never a bad idea to garden a little more...

Re: Should I wait?

calebwshn — Mon, 20 May 2013 17:14:33 GMT

Its like taking a hot shower and running up someone elses water bill. Lol

There is not UTL if I app'd now it would be like im going for my first card which happens to be an amex.

@Webhopper My income is around 24 which isnt bad considering im a self employed freelancer who only pays 400$ in rent.

Re: Should I wait?

webhopper — Mon, 20 May 2013 17:54:16 GMT

That's really not bad considering that you do not have high expenses. I still stand by my recommendation to wait on the Delta. You'll have a better shot at approval if you wait.

By the way, if you apply for a card such as the PRG, then the first year's AF is free, and you can downgrade to the Sr. Rewards Green before the AF hits, which would be next april. Sr. Rewards Green has a $35 AF