topic Re: Which cards should I try to apply for? in Credit Cards

Which cards should I try to apply for?

Firefox2014 — Thu, 22 May 2014 01:46:37 GMT

Hello all,

I have been a longtime lurker in these forums and have recieved plenty of useful advise to increase my credit history.

Im 26 years old, I had never had a credit card mainly because I did not want to fall in financial debt as soon as hit 18 and used redit cards like crazy,

That been said, it was not a very informed decision as everything now requires a credit history. Back in Nov 2013 I decided to go ahead and apply for credit

though CB Motorola and CC Bill me later, both apps were denied and decided to apply through Capital One, I was offered the Secure MC for $49 for a credit limit of $200.00

I researched on CC use and how to maintain a healthy credit history, for the last six months i kept my utilization at or below 30% this month it reported as 4% due to Capital One increasing my CL to $500.00. I now want to apply for other credit cards so I increase my TL's and not have an huge AAoA impact if apply later. I not sure which credit cards to apply for im scared of been denied and taking a hit with HP's , my current Fico scores are 628 for Experian, 617 for Equifax and 642 for Transunion, My annual income is $30,500. I as looking into another Capital One, Barclays, Discover IT or the Chase Freedom . whats do you guys recommend any advice will be extremly helpful.

Thanks,

ps- I do have one collections account $161 that was paid in full and shows as paid on all 3 credit reports, this was 1 y 4 months ago.

Re: Which cards should I try to apply for?

Skye12329 — Thu, 22 May 2014 01:57:01 GMT

I know cap1 is more lenient on things. You could for quicksilver mastercard. Also down the road you can call for the AF to be removed/waived. Just contact the EO for that.

Re: Which cards should I try to apply for?

MoreRewards — Thu, 22 May 2014 02:00:47 GMT

You could try Discover

Re: Which cards should I try to apply for?

jamie123 — Thu, 22 May 2014 04:23:26 GMT

I would suggest apping for a Walmart card. With your scores and history you have a good chance on being approved. They might start you out with a low credit line but they are very generous with credit line increases. Plus you will get a free FICO score every month after signing up for electronic billing.

Re: Which cards should I try to apply for?

xsvspd — Thu, 22 May 2014 04:29:50 GMT

What are you looking for in a card? Travel, cash back?

Here's some links for cards to check for pre-approval. It doesn't harm your score, and can give you an idea of where you stand. Keep in mind, if you're not PA'd, doesn't always mean you don't qualify.

Amex

https://www304.americanexpress.com/credit-card/tools/25330?linknav=us-CCSG-ProspectNav-SpecialOffers...

Bank of America

https://www.bankofamerica.com/credit-cards/customized-offers/find-customized-offer.go?subchannel=ECW...

Chase

https://ccsic.fni-stl.com/redes/index.php/chase_app/psonmarketplace.pl?jp_ltg=leftnav&OVERRIDE_CELL=...

Discover

https://www.discovercard.com/application/fmo?execution=e1s1

Re: Which cards should I try to apply for?

Firefox2014 — Thu, 22 May 2014 05:28:42 GMT

Thank you,

I went ahead and jumped to apply for the Capital One Quicksilver MC, I received the 7-10 message, I will call the Recon # tomorrow and see where I stand on this app.

Xsvspd , I'll go ahead and check the links during my lunch break tomorrow, I'll try to apply to at least I card that pulls from each bureau. cap one most likely pulled my EQ but I'll check tomorrow morning just to make sure.

Re: Which cards should I try to apply for?

Firefox2014 — Sat, 24 May 2014 03:05:42 GMT

So this morning I went ahead and applied for the Chase Freedom Card, and was automatically approved for a CL of $2200.00 . It felt great getting and instant approval. Im about to call Cap One regarding the status of my app and will update on it. Waiting on Cap 1 to update on Transunion and apply for the Discover it. If approved this will be the cards I will stay with until my history and Fico score are good enough to apply for a mortgage.

Re: Which cards should I try to apply for?

xsvspd — Thu, 22 May 2014 16:02:37 GMT

Do well with the Freedom and in six or so months go for the CSP. They make a great combo!

Re: Which cards should I try to apply for?

baller4life — Thu, 22 May 2014 16:22:57 GMT

Congrats on your new Freedom. With that TU score, I would definitely hit up a couple GE cards like Walmart and Amazon. They will grow very rapidly and propel you into higher limits! Good luck!

Re: Which cards should I try to apply for?

ExplicitElicit — Thu, 22 May 2014 16:34:30 GMT

I would also look into Walmart! They are generous with new credit and cli's are very easy to obtain. Also I don't know what your local area walmarts are offering but in Dallas TX with all walmart cards we get 15c off per gallon at walmart and sams gas stations! I PIF that every month so I don't worry about interest.

Re: Which cards should I try to apply for?

Firefox2014 — Fri, 23 May 2014 00:37:40 GMT

Still no update on the Capital One card, will call back again tomorrow. I also applied for the Discover it Card, and was denied when I call the recon # I was told it was because of the paid collection, interestingly they pulled my Equifax instead of my Experian im in N, . so thats a tripple hit to my Equifax report. will go ahead and freeze my Equifax report until im good and ready to reapply again. Im still waiting on my TU to update, and will jump on the Walmart or Amazon card as suggested . Extremly nervous on the outcome of the Capital One card now.

Re: Which cards should I try to apply for?

Firefox2014 — Sat, 24 May 2014 16:23:40 GMT

So the veridict is in, here is the break down,

Chase Freedom Visa, CL $2200.00

Cap One QuicksilverOne MC - CL $1000.00

Discover IT -Denied due to Paid Collection/Short Credit History ( they did Offer the Discover IT secure )

Overall very happy with the 2/3 approval ration.!!! Thank you for all the feedback.

Re: Which cards should I try to apply for?

ExplicitElicit — Sat, 24 May 2014 16:41:16 GMT

@Firefox2014 wrote:
So the veridict is in, here is the break down,

Chase Freedom Visa, CL $2200.00
Cap One QuicksilverOne MC - CL $1000.00
Discover IT -Denied due to Paid Collection/Short Credit History ( they did Offer the Discover IT secure )

Overall very happy with the 2/3 approval ration.!!! Thank you for all the feedback.

Congrats!

Re: Which cards should I try to apply for?

bigblue7722 — Sat, 24 May 2014 17:23:51 GMT

@Firefox2014 wrote:
So the veridict is in, here is the break down,

Chase Freedom Visa, CL $2200.00
Cap One QuicksilverOne MC - CL $1000.00
Discover IT -Denied due to Paid Collection/Short Credit History ( they did Offer the Discover IT secure )

Overall very happy with the 2/3 approval ration.!!! Thank you for all the feedback.

congrats I would take discovers offer on the secured card. No AF it can only make you money cause it has the same rewards as the unsecured one. Plus it could gradutate. Think of the money you give them as a savings account.