topic Re: 8 months since first card...should i apply? in Credit Cards

8 months since first card...should i apply?

Anonymous — Wed, 19 Feb 2014 09:47:12 GMT

I had BofA Cash rewards card($700) since 8 months and got Discover IT card($1500) last month. My Discover TU is 759. Should I go and apply for the below credit cards?

Chase Freedom®
Capital One® Quicksilver® Cash Rewards Credit Card
Citi® Dividend Platinum Select® Visa® Card

any suggestions for other cards are welcome

Re: 8 months since first card...should i apply?

coldnmn — Wed, 19 Feb 2014 13:26:00 GMT

If it was me I would wait 4 months and have a year on your oldest card. Then the inquiry on that card has less effect. At that point apply for the Freedom and then space out apps 1 every 6 months to try avoiding toy limits.

What ever you decide Good Luck in your credit journey. Remember credit is a journey not a race.

edit: I forgot to add welcome to the forum!

Re: 8 months since first card...should i apply?

yudeology101 — Wed, 19 Feb 2014 17:03:38 GMT

@Anonymous wrote:
I had BofA Cash rewards card($700) since 8 months and got Discover IT card($1500) last month. My Discover TU is 759. Should I go and apply for the below credit cards?
Chase Freedom®
Capital One® Quicksilver® Cash Rewards Credit Card
Citi® Dividend Platinum Select® Visa® Card

any suggestions for other cards are welcome

Welcome to the forum.

While your score looks good....do you have any baddies? how many INQs? Also, what are your other scores like?

I would say you're good to go, but it's hard to recommend w/o knowing a bit more of your credit profile.

Keep in mind that for Cap1, they're known for 3HPs (EQ/EX/TU) so consider before applying.

Re: 8 months since first card...should i apply?

Anonymous — Wed, 19 Feb 2014 17:43:29 GMT

no baddies...1 INQ last month for discover...i guess i will wait till another 4 months and apply...im in no hurry

Re: 8 months since first card...should i apply?

Anonymous — Wed, 19 Feb 2014 17:44:39 GMT

@Anonymous wrote:
no baddies...1 INQ last month for discover...i guess i will wait till another 4 months and apply...im in no hurry

You can probably apply now, but waiting a couple more months when you waited this long already can really only improve your situation. I think you'll be glad you waiting for those inqs to age to one year.