topic Re: Advice for 3 new cards in Credit Cards

Advice for 3 new cards

Anonymous — Mon, 02 Jun 2014 15:00:25 GMT

So there are three new cards I want to app for but need advice on when and what order. The cards (in no specific order) are:

Fidelity AMEX
Sallie Mae
US Bank Cash +

My scores are all around 720-740

AAoA = 3 years

Cards and limits in my sig

My newest card is the CSP from December 2013, AMEX BCE, Chase Freedom, and Discover IT are from June 2013.

Baddies:

One 30 day late from 2009

Around $50 in collections which is due to fall off in August of this year.

I'm guessing it would be best to wait until September to app when my collections baddie falls off.

Which order should I app, I know some are more INQ sensitive, some are more new account sensitive. Do I have a shot at being approved for these cards in September (or sooner)? Let me know if you need any more info.

Edit: forgot INQ info

1 on TU

4 on the others

Re: Advice for 3 new cards

mongstradamus — Mon, 02 Jun 2014 15:39:18 GMT

@Anonymous wrote:
So there are three new cards I want to app for but need advice on when and what order. The cards (in no specific order) are:
Fidelity AMEX
Sallie Mae
US Bank Cash +
My scores are all around 720-740
AAoA = 3 years
Cards and limits in my sig

My newest card is the CSP from December 2013, AMEX BCE, Chase Freedom, and Discover IT are from June 2013.

Baddies:
One 30 day late from 2009
Around $50 in collections which is due to fall off in August of this year.

I'm guessing it would be best to wait until September to app when my collections baddie falls off.
Which order should I app, I know some are more INQ sensitive, some are more new account sensitive. Do I have a shot at being approved for these cards in September (or sooner)? Let me know if you need any more info.

Edit: forgot INQ info
1 on TU
4 on the others

I think sallie mae and Us bank are TU pulls but that may depend on where you are located. Fidelity Amex is primarily an EX puller. I think barclay may be INQ sensitive , but others who have all those cards may be better at giving out advice. I would also wait for collections to fal off to get best CL and APR since its not that far away.

Re: Advice for 3 new cards

xsvspd — Mon, 02 Jun 2014 16:55:21 GMT

I've got 1 paid collection, 4 inq across the board, 710-725 scores, 4 30 day lates, aaoa 6 yrs, util @ ~1%, and my highest limit was 3k. 3 weeks ago I was approved for the Freedom @ 6k, the CSP @ 11.6k, Discover @ 10k, BCE @ 2k, Sallie Mae @ 4.5k, BofA @ 1.5k, a cli for another bofa from 500 to 3k, a cli from 250 to 750 on another. I think you'd be ok to apply now, but it could only help to wait.

Re: Advice for 3 new cards

Anonymous — Tue, 03 Jun 2014 14:40:51 GMT

Thanks for the info guys. I did forget to put my UTIL in the op but I pif every month for all my cards, and for June I'm working on all cards reporting 0 except one < 9%.

I'm thinking I should apply for Sallie Mae last since a lower credit limit on that doesn't matter since the monthly caps are so low.

So out of Fidelity AMEX and US Bank Cash+ which one is harder to get?

Re: Advice for 3 new cards

mongstradamus — Tue, 03 Jun 2014 15:02:44 GMT

@Anonymous wrote:
Thanks for the info guys. I did forget to put my UTIL in the op but I pif every month for all my cards, and for June I'm working on all cards reporting 0 except one < 9%.

I'm thinking I should apply for Sallie Mae last since a lower credit limit on that doesn't matter since the monthly caps are so low.
So out of Fidelity AMEX and US Bank Cash+ which one is harder to get?

Just be wary that Barclays is most inq sensitive of the three i think , so if you app for it last they may not like that.

Re: Advice for 3 new cards

PrimeRate — Tue, 03 Jun 2014 15:15:08 GMT

The only one to worry about is Barclaycard: Sallie Mae. Do that first, get accepted, dance in a circle and do whatever you want afterwards.