Amex, Chase or Capital One

[Anonymous]

Well you said he would be auto denied for too many accounts when he would only have 3 reporting.

And even I had more than that, and I was approved.

The only thing Chase would likely deny him for would be not having a combined CL over $5k.

Edit: Which he would have at the time of app.

[mlj01]

My reported utilization on Credit karma is: June 28%; May 40%; No mark in April, I assume between 15-35; March 0%; Feb 34%. 

Many of these are Auto-Pay paying posted balance but Discover doesn't let you pay on pending balance, yet they still report. Sneaky. One month between Jan-April I payed early, and didn't realize if you pay ahead then your auto pay for that month is canceled, else it would've been lower.

[Santi78342]

I said it would impact his future apps. If he applies for Freedom & CSP now, or before opening two more accounts, it won't come into play.

EDIT: I guess I should say before opening 4 more accounts because OP hasn't applied for Sallie and BCE yet.

[Santi78342]

So what balance will be reporting tomorrow when your statement cuts?

[Anonymous]

Well, if you apply in the next few days as you said, please let us know.

I would be very surprised if you weren't auto approved for both.

[mlj01]

Current balance: $5.34. Current available Funds(w/ pending): $2963/$3000. 

So current balance including pending is $37/$3000

[Santi78342]

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@mlj01 wrote:

Current balance: $5.34. Current available Funds(w/ pending): $2963/$3000. 

So current balance including pending is $37/$3000

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So you will be going from 28% utilization to about 1%. Definitely let that repot before applying for anything as your scores should get a nice bump!

[mlj01]

Sounds good, I think i am too tired to think tonight enough to make a proper decision relating to credit! But working a new position at work where they are running a bonus on credit cards seeing everyone apply makes it harder to hold back! But i dont want my employers card ha. 

But right now it appears best choices are: AMEX BCE, and Sallie Mae MC, so I will have Discover, Amex, and MasterCard in Credit, and Visa in Debit. 

Ha besides the Amex it sounds like I am trying to match my portfolio to match what Sams Club Accepts(MC, Discover Credit, Visa Debit)

Freedom is a possibility at $100 bonus and rotating, but if I decide to do that maybe do it in a few months or later and possibly at same time as CSP to do one hard pull, but if I do them both it will put me at 5 if i don't get a Cap1 before that, but sounds like I should hold back on Cap1 for now.  And that 1 Discover account is from July 2013 so in August or later I will only have Amex and SMMC plus  CSP/Freedom(If I apply to one or both of them down the line) so 4 new within 24 months. A Cap1 in that time would push to 5. That isn't counting Loan for car should I count that in there? 

[mlj01]

I just remembered that tommorrow is Saturday, hopefully Discover still updates!

[mlj01]

If it is Chase policy for any accounts opened in last two years. Then after July, and applying for BCE, and Sallie Mae MC than I will be at only 2 new cards, as Discover was July 2013 when I got it. Does my Auto Loan count towards taht 5 as well? That was in November 2012 so that shouldn't affect it then. So if I want to go after Chase in a few months I will want to do that before Capital One. 

If I apply in a couple of months for both a Freedom and CSP one being within the 5 cards and one being over would that they notice if it was Back-To-Back.?

Edit: ACCEPTED BY AMEX BCE! Believe it says CL is $3000.