For sure I'm doing research. But I did apply for the CO card. And after just having two cards I'll be satisfied and work with that. I'm not looking into major purchasers anytime soon.
CO = Capital One? If so which card?
I generally recommend people stay away from Capone for a few reasons:
1. They do a triple pull i.e. leave an inquiry on each bureau
2. If you're bucketed into a starter account, good luck getting that credit limit to grow
3. Lackluster rewards and sign-up bonuses
Unless they're the only that will approve you, I see no reason going with them. If you had to scratch that credit itch right now, I would've recommended Discover, since they take very kindly to young and thin files.
@MrYoung420Capone is just something i want to have on record. Build some more strong credit history.
I guess my question here is why and what benefit do you see adding a Cap One account bringing to your file [over not having it]?
I wouldn't recommend Cap1. I have one and havn't had CL increase in ages. As mentioned before, whatever bucket you are in, that's where you end up staying. If anything, I would recommend the Chase Freedom card, they might start you off with a low CL but with time it can grow.
Credit profile is far more important than credit score. Generally, as credit profiles improve, scores follow suit. With any 2 given equal scores though, you can have dramatically different profiles.
For example, take two people with a FICO 8 score of 730:
Cornelius has a 730 score with a clean file, but it's super thin (only a couple of accounts) and his oldest account is just 9 months.
Rupert has a 730 score with a dirty file (4 accounts with late payments, 2 of which are 90-120 days late), but it's very thick (20+ accounts) and his oldest account is 20 years.
As you can see, score is just one small piece of the entire picture.
Income and utilization are also very important. I get approved for everything even though I have a very dirty file.