Advice on Applications

[FireMedic04]

Hello MyFICO fam.

So I've been slowly building up my credit throughout the last 2 years. I was in the 500's and now as of today I finally hit 700 on all 3 fico 8. 

I spent months trying the pre qual site on disco and always had the no offers results. I currently have a disco it chrome which was graduated from a secured card. My SL was $300 and now I have it at $1500.

As of yesterday I tried the pre qual and actually got results! It pre qual me for an IT cash back. However it gave me until next Monday to decide.

question - if I don't apply now because I'm waiting for my fico scores to increase now with my cap one statement closing out (I paid off the balance) will I still be able to pre qual again for disco?

My next question that I need advice on. I plan on going on a mini app spree as soon as my cap 1 statement closes and fico scores increase. I have a goal in mind. I want to apply for a chase freedom unlimited. Been banking with chase for 12 years. Never had a credit card with them. 

Hopefully with an approval, I want to then apply for a Penfed card. Have had accounts with them for 1 year and really like what they offer on their cards. 

then I'd like to apply for the disco last.

im I going the right route or does anyone think I should take a different path?

thank you 

[GApeachy]

First do a search here for Disco approval dp's and check those apr's versus their sl's.  It's not a solid guage to determine sl but it's something I've noticed a time or two. My second app was approved but lower limit, I was disappointed.  I don't remember the apr except that it was slightly lower than my first, which was high.

Since your desired card is Chase, I wouldn't app for anything else, if approved, just to ward off Chase getting cold feet with your doing an app spree post approval.

I'd space out your mini spree for the distant future.  Good Luck on a sizeable score improvement and on your future Chase app.

eta: yes, you'll be able to prequal with Disco later. I can't remember how long you have to wait, could be 30 days.  Hopefully someone will provide that tidbit.

[HeavenOhio]

@FireMedic04, could you give us a list of your current cards, their limits, and either their ages or dates opened (month & year)? That would help us to help you prioritize.

Have you tried Chase's pre-qual?

[M_Smart007]

The APR can be reduced by calling or messaging over time.

CLI's .. are a whole nother story

ETA: Good Luck OP!

[FireMedic04]

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@HeavenOhio wrote:

@FireMedic04, could you give us a list of your current cards, their limits, and either their ages or dates opened (month & year)? That would help us to help you prioritize.

Have you tried Chase's pre-qual?

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Sure.

I only have 2 cards. A discover it chrome with $1500 CL opened on 6/2018 and a capital one QS graduated from a secured to a platinum to a PC in January of 2020. Limit is $600.

Profile has a few old late payments on my mortgage due to a hardship I went through in the past. I have all on time payments on all my accounts including my student loans.

last year I was able to finance a new vehicle and was approved.

Im aiming for chase but haven't done the pre qual. Should I do it now or wait for my cap1 statement to close so my scores go up or pre qual now? 

[FireMedic04]

Hello all

Just got approved for a chase freedom flex. I got pre approved for a disco IT cashback and wanted to see what you guys thought about applying for a Penfed PCR and the IT cash back after the chase approval.

Does Chase close accounts post approval due to app spree? What do you guys think?

[FinStar]

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@FireMedic04 wrote:

Hello all

Just got approved for a chase freedom flex. I got pre approved for a disco IT cashback and wanted to see what you guys thought about applying for a Penfed PCR and the IT cash back after the chase approval.

Does Chase close accounts post approval due to app spree? What do you guys think?

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Has it happened?  Absolutely.  Will it happen in your case?  We wouldn't know.  But, there's always that risk since Chase will SP your CRs even after being approved.

[AverageJoesCredit]

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@FinStar wrote:

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@FireMedic04 wrote:

Hello all

Just got approved for a chase freedom flex. I got pre approved for a disco IT cashback and wanted to see what you guys thought about applying for a Penfed PCR and the IT cash back after the chase approval.

Does Chase close accounts post approval due to app spree? What do you guys think?

---

Has it happened?  Absolutely.  Will it happen in your case?  We wouldn't know.  But, there's always that risk since Chase will SP your CRs even after being approved.

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I would app ecery 2 months to space out sp looksies +1 Finnie