Approved for my first CC! I have a question and can really use some advice!

[FinStar]

---

@Anonymous wrote:

So would you recommed trying to get a Chase card that is eaiser to get first? Im confused because two of my cousins with similar creidit history to me were instantly approved meanwhile I make 50k per year more and I wasnt. Its really frustrating so im trying to figure out exactly what Chase wants because I dont want another denied inquiry.

---

Credit profiles are like a fingerprint, no two are alike.  While your cousins may have similar credit history, there are a lot of other factors that come into play.  Since you have a Chase relationship, is there anything that displays online as far as any offers?  (green checkmark indicative of pre-approved products).

Another item to keep in mind, building a credit profile, especially to achieve the CC goals you shared takes time and patience.

[Anonymous]

I dont have any offers with Chase, I just checked. Do you think with good Amex history Chase would start offering me things?

[FinStar]

---

@Anonymous wrote:

I dont have any offers with Chase, I just checked. Do you think with good Amex history Chase would start offering me things?

---

Anything is possible.  My suggestion would be making good use of your AMEX Delta Skymiles to build that history over time.  You could always try down the road for the Chase Freedom or Freedom Unlimited (depending on what's suitable with your spending habits) to get your foot in the door. 

Others with similar backgrounds will likely chime in and provide some suggestions.

[Anonymous]

Ok great. Thanks for your help, I appreciate it. The one other question I had is what do you think about approval odds for the Amex Platinum or Blue Cash Preferred card in 6 months? I heard those are eaiser to get espically if I have good histroy with amex. Can you speak to that at all?

[FinStar]

---

@Anonymous wrote:

Ok great. Thanks for your help, I appreciate it. The one other question I had is what do you think about approval odds for the Amex Platinum or Blue Cash Preferred card in 6 months? I heard those are eaiser to get espically if I have good histroy with amex. Can you speak to that at all?

---

Approval odds are very difficult to gauge even for that period of time - lots of variables.  As you build your internal history with AMEX coupled with your credit profile, income and other factors, other doors can definitely open.  So, it's always a good idea to check if there are any pre-qualified offers to see what products (inclusive of any targetted SUBs) would be available before you pull the trigger.

[Anonymous]

Ok great, thanks! What are SUBs?

[Anonymous]

---

@sarge12 wrote:

Due to your thin credit file, you will likely need about a year of credit history for premium cards. Try to get a Capital One Quicksilver card. It would also be a good idea to get an installment loan, even if just to have a non rotating loan in your file. Check out rebuilders for a way to do this without creating a lot of interest or making your utilization be to high. It involves taking out the loan and immediately paying all but a little of it off. Then after a year of good payment history you will probably be able to get really good premium cards. Some might suggest that you get store credit cards to build a credit file more quickly, but I would advise you not to go the store card route as these cards are not highly respected by banks and premium card issuers. A good portfolio takes time to build, but the future results will be better. Great credit should be thought of as a marathon, not a sprint. Patience and a slow but steady build is the best way. I would however try for the Capital One and installment loan now so they will age with the Amex card without dragging down your AAoA later.

---

+1

---