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Advice on Next Move

SassMcSass
Valued Member

Advice on Next Move

My wife and I filed Ch7 39 months ago. We started a bit late, but have come to the end of the 24 month BK advice on this site (it worked great!). My scores are just sub-700, and hers are 709-720 (she had fewer cards in her name, so has fewer negative accounts...TU doesn't show a single account not paid as agreed!). I was looking at our scores recently, and one of the things that is dinging her is a lack of tradelines. She currently only has 3 credit cards and our mortgage reporting. So, we are going to shoot for another card for her.

 

Obviously, getting a card we don't need is pointless. We currently use Venture as our daily driver; since we shop a lot at Costco and they only take Visa, we try to focus there. She doesn't like keeping track of flexible categories, so she doesn't use her discover too much. My question is, which card should we shoot for for her next? We'd really like to start moving towards Ultimate Rewards with Chase, since we love to travel and it's a valuable program. Is it too soon for her to apply for the Sapphire? Should she apply for the Freedom Unlimited now, and the Sapphire in a year, after we've established a relationship with Chase? Or is it just too soon to be knocking on Chase's door? Thanks for the advice!

Message 1 of 7
6 REPLIES 6
JAG73
Moderator Emerita

Re: Advice on Next Move

What cards do you have besides venture? 

 

Got some pruning to do... No more new cards!
Message 2 of 7
SassMcSass
Valued Member

Re: Advice on Next Move

The Venture (18k) is from 5/16, then a Discover it (11.5k) from 2/17, and a Cabela's (4k) from 6/17.
Message 3 of 7
cpinsode
Member

Re: Advice on Next Move

She could always try the Chase pre-qual website. It’ll let her know if she’s “pre-approved”. Did y’all burn Chase at all in the BK?

Starting Score: 625 TU MyFico 604EQ My Fico 596 EX USAA FAKO Feb 2013
Current Score: 625 TU MyFico 604EQ My Fico 596 USAA FAKOEX
Goal Score: 750


Take the myFICO Fitness Challenge
Message 4 of 7
SassMcSass
Valued Member

Re: Advice on Next Move

We didn't, but I didn't think you can get a "pre-approved" with a BK showing.

Message 5 of 7
SteelerNYC
Valued Contributor

Re: Advice on Next Move


@SassMcSasswrote:

We didn't, but I didn't think you can get a "pre-approved" with a BK showing.


I'm 99% sure Chase is a no-go 24 months post BK. I think approval is possible in a few more years (as long as they weren't IIB) but you have to recon for it. 

Ch 7 Discharge May 2015
Discover/Target/NFCU CLOC/NFCU More Rewards Amex/NFCU Platinum/PenFed Power Cash Rewards/PenFed Pathfinder Visa/Citi Costco Visa/CapitalOne SavorOne/Apple Card - $139,100 total revolving, 21% utilization
3.25% mortgage July 2020, $20k used Auto Loan October 2020, $20k PenFed Personal Loan Dec 2020
687/683/673 EX/EQ/TU w/ 5/6/6 INQs as of Jan 2021
Spending 2021 in the Garden
Message 6 of 7
SassMcSass
Valued Member

Re: Advice on Next Move

I'm actually 39 months post BK. Or do you mean just from when we started the rebuild?

Message 7 of 7
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