Apply for a Fourth Card or Wait?

[Anonymous]

For a newbie, the advice I've been receiving on this forum has been very helpful!

In the past two days I have been approved for both a Chase IHG ($7,000 CL) and a Bank of American Travel Rewards Card ($1,000). I also have a Discover It Card ($2,000). In addition to those two approvals I also have two rejections - Cap One and CSP. My FICO score is 770-775 and my income is around $25,000. I'm a senior in college, looking to build some credit, in addition to the fact that I will be traveling quite a bit post graduation, as well as making some significant purchases in the coming months, and want to capitalize on the rewards potentional. If possible, I'd like to get one more card to round out my portfolio for the time being. Based on the info previously mentioned, is it realistic to go for another card, or to stop now and wait awhile? If I do go for a fourth card, I'd like one with no annual fee and decent rewards (a hard combo to find, I know). Any advice or card suggesions? 

Some options I'm thinking about are:

-The Hilton HHonors from American Express 

-Barclay World Arrival Mastercard 

-Citi Hilton HHonors Visa Signature

Are any of these realistic if I were to apply for a fourth card? Any other suggestions?

[SouthJamaica]

---

@Anonymous wrote:

For a newbie, the advice I've been receiving on this forum has been very helpful!

In the past two days I have been approved for both a Chase IHG ($7,000 CL) and a Bank of American Travel Rewards Card ($1,000). I also have a Discover It Card ($2,000). In addition to those two approvals I also have two rejections - Cap One and CSP. My FICO score is 770-775 and my income is around $25,000. I'm a senior in college, looking to build some credit, in addition to the fact that I will be traveling quite a bit post graduation, as well as making some significant purchases in the coming months, and want to capitalize on the rewards potentional. If possible, I'd like to get one more card to round out my portfolio for the time being. Based on the info previously mentioned, is it realistic to go for another card, or to stop now and wait awhile? If I do go for a fourth card, I'd like one with no annual fee and decent rewards (a hard combo to find, I know). Any advice or card suggesions? 

Some options I'm thinking about are:

-The Hilton HHonors from American Express 

-Barclay World Arrival Mastercard 

-Citi Hilton HHonors Visa Signature

Are any of these realistic if I were to apply for a fourth card? Any other suggestions?

---

I find it hard to believe you were turned down by Cap One with such high scores.

I would suggest applying for Cap One Venture One if you're going to do a lot of travel and want rewards, or a Barclays Ring card if you're willing to forget about rewards in favor of very low rates and fees.

[Anonymous]

I'm very curious as to what Cap One's reason for denial was. As to your question; the two denials might be telling you it's time to stop and let your portfolio simmer for a while.

[Anonymous]

---

@Anonymous wrote:

I'm very curious as to what Cap One's reason for denial was. As to your question; the two denials might be telling you it's time to stop and let your portfolio simmer for a while.

---

I received the Cap One denial letter via e-mail today, and it said the denial was due to too many inquiries on my account. Which I could believe if it was the third or fourth card I applied for, but it was the second (The CSP was the first). I applied for Bank of America and IHG after both denials, and was approved for both cards (which is again a little confusing, but then again, I'm not very familiar with each credit company's method of approval/denial). Is Cap One stricter on inquiry limits? 

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

I'm very curious as to what Cap One's reason for denial was. As to your question; the two denials might be telling you it's time to stop and let your portfolio simmer for a while.

---

I received the Cap One denial letter via e-mail today, and it said the denial was due to too many inquiries on my account. Which I could believe if it was the third or fourth card I applied for, but it was the second (The CSP was the first). I applied for Bank of America and IHG after both denials, and was approved for both cards (which is again a little confusing, but then again, I'm not to familiar with each credit companies method of approval/denial). Is Cap One stricter on inquiry limits? 

---

Cap one is quite probably the loosest of them all when it comes to inquiries. That sounds like the first reason they pulled out of the hat, and there's something else in your profile they didn't like.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:

I'm very curious as to what Cap One's reason for denial was. As to your question; the two denials might be telling you it's time to stop and let your portfolio simmer for a while.

---

I received the Cap One denial letter via e-mail today, and it said the denial was due to too many inquiries on my account. Which I could believe if it was the third or fourth card I applied for, but it was the second (The CSP was the first). I applied for Bank of America and IHG after both denials, and was approved for both cards (which is again a little confusing, but then again, I'm not to familiar with each credit companies method of approval/denial). Is Cap One stricter on inquiry limits? 

---

Cap one is quite probably the loosest of them all when it comes to inquiries. That sounds like the first reason they pulled out of the hat, and there's something else in your profile they didn't like.

---

My initial thought was that it was due to my length of credit history. I've only had my Discover card now for a little under a year. 

[Anonymous]

I think you hit the nail on the head. Discover is fond of thin profiles, Cap One not so much and CSP definitely not.

[Anonymous]

---

@Anonymous wrote:

I think you hit the nail on the head. Discover is fond of thin profiles, Cap One not so much and CSP definitely not.

---

What about AmEx and Citi in that regard? I was looking at their Hilton Rewards cards, as well as the Barclays Arrival Card. 

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

I think you hit the nail on the head. Discover is fond of thin profiles, Cap One not so much and CSP definitely not.

---

What about AmEx and Citi in that regard? I was looking at their Hilton Rewards cards, as well as the Barclays Arrival Card. 

---

Amex likes thin clean files, Citi no likey. And Barclays generally likes to see more than a year's history for their upper end cards.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:

I think you hit the nail on the head. Discover is fond of thin profiles, Cap One not so much and CSP definitely not.

---

What about AmEx and Citi in that regard? I was looking at their Hilton Rewards cards, as well as the Barclays Arrival Card. 

---

Amex likes thin clean files, Citi no likey. And Barclays generally likes to see more than a year's history for their upper end cards.

---

So I'd have a decent chance at being approved for the AmEx Hilton card, even with the recent inquiries? Any other cards with a decent sign-on bonus that I would be likely to get approved for at this point?