@Anonymous Welcome To myFICO Forums
If I were you, I would go for The CFU first?, .. Unless you think the category spend on the CF would better suit you?
I would hold off on the CSP until you have showed Chase you can handle the CFU or CF for 1 Year.
Keep in mind, .. If you get the CFU or CF, You can PC it, (Product Change it to the other). ..CFU to CF or vice versa.
It is really a good opportunity for you, as you are well under 5/24.
Definitely try to go AZEO before you Apply, Small balance on 1 card only. Probably $5-25 is fine.
Just My $0.02 worth.
GL2U & Congrats on you're future honeymoon.
@Anonymous wrote:I want to get in the chase family of cards. I am currently at 2/24 so I can shoot for their great cards ... should I still get a CFU/CF as my first chase card or should I go for a CSP?
Absolutely agree with the great advice above from @M_Smart007 and @Obscure-Expert
- Pay Utilization down.
- Work on CLIs on existing cards
- Garden existing cards for age of accounts
- Keep apps in check to stay under 5/24
- After UTI is low, apply for CF or CFU
- Keep that card (and use regularly) for a year
- By then, the CSP should be in reach
Good luck and welcome to My Fico Forums!
@Aim_High wrote:
@Anonymous wrote:I want to get in the chase family of cards. I am currently at 2/24 so I can shoot for their great cards ... should I still get a CFU/CF as my first chase card or should I go for a CSP?
Absolutely agree with the great advice above from @M_Smart007 and @Obscure-Expert
- Pay Utilization down.
- Work on CLIs on existing cards
- Garden existing cards for age of accounts
- Keep apps in check to stay under 5/24
- After UTI is low, apply for CF or CFU
- Keep that card (and use regularly) for a year
- By then, the CSP should be in reach
Good luck and welcome to My Fico Forums!
+1 Thumbs up this and what everyone else was saying. Got my first one, the CF, closer to 700 FICOs but had also opened a card in the past month so take from that what you will.
AU
@Anonymous wrote:Hi! I'm new to this board and have gotten a lot of information out of it.
I currently have 3 cards Discover It (1200), Cap1 QS (3500), Apple Card (1000). My Discover is 5.5 years old. Cap 1 is 1 year old. Apple Card is 1 month old. Utilization is currently at 80% across the board. I just graduated from college and got a good job and will be bringing that utilization to 0% by December. The FICO score I see on my discover app is 625. From Credit Karma, 622 TU, 624 EQ. I know that my scores will go up when i bring my utilization down to ~0%.
I want to get in the chase family of cards. I am currently at 2/24 so I can shoot for their great cards. I want to start with either a CFU or CF. I know my odds of approval is very low right now because of the utilization. But my question is when my scores go up and the balance is brought down to ~0% should I still get a CFU/CF as my first chase card or should I go for a CSP? I am forecasting that my score would be around the range that I would get approve for a CSP and with a high income. I'm planning on saving points for my honeymoon in a year and a half and I wanna start early to hopefully lower the expenses of that trip.
Let me know your thoughts!
You need to do a bit more research as you're bringing the balances down. Search the forums for Discover and Cap 1 CLI. Both have very different rules. If you know the rules, your credit score is reflecting positive behavior (like paying down your balances), and a bit of educated guessing, you should know you to get those scores increased very quickly.
The wild card in your bunch is Apple. Its fairly new and who knows how Golden Sachs is going to play. Time will tell and savvy MyFicoers will report results. Helping out each other is what we do best!
