topic Re: Possible Amex? in Credit Cards

Possible Amex?

Anonymous — Tue, 29 Jul 2014 02:31:13 GMT

So i purchased my Experian report for $1 and they threw in my score for free. Surprisingly my score is a 714. My FICO score from Trans through Discover is a 689 . My util is 32%, AAOA 1.7 yrs, 8 Accounts, 11 inquiries, No negatives, Oldest account 2.9 yrs. Discover IT 2.7k, WellsF 1.7k, Best Buy 3k, Care Credit 3k, Pacific Sales 1.5k, Target RED 300, Chase Freedom 300 (PC'd from Slate), and the newest Citi Diamond 2k. Total of 14.5k. I am 21 years old and i plan on leasing a car soon so hopefully i am a good candidate. I am a full time student and i work full time. Annual income of about 27k. Im also considering applying for an American Express but im undecided on which one to go with. I'm looking to use it as a go to card to pay for all of my monthly expenses. Any advice on that matter?

Re: Experian Report

elim — Tue, 29 Jul 2014 01:53:54 GMT

congrats on the CITI card

Re: Experian Report

Kenny — Tue, 29 Jul 2014 02:35:28 GMT

This area of advice I'm not the best at. (Dunno what advice I am best at, though! LOL)

It's never a bad idea to nurture the cards you currently have. With 11 inquiries that's quite active... Your Discover It is already at a pretty great cl in the amount of 2.7k. I would just use this card for all of my everyday purchases. The Freedom would be a good card to use for the 5% category purchases, because I believe with usage you'll be likely to get an automatic credit limit increase.

Utility is a little high right now -- I'd try to get that down before you app for anything new.

Re: Possible Amex?

MT936 — Tue, 29 Jul 2014 02:39:51 GMT

If you want travel rewards go for the Amex everyday if you want cash back go for the fidelity or Amex blue cash everyday

Re: Possible Amex?

Creditaddict — Tue, 29 Jul 2014 04:28:33 GMT

@MT936 wrote:
If you want travel rewards go for the Amex everyday if you want cash back go for the fidelity or Amex blue cash everyday