Wow, the novel I wrote at 2am didn't post and disappeared. My fault for doing things at that time.
Back to the topic..
Which card do you think is more likely to give a decent SL and potential to grow with spend, if I get approved?
I did pre-qual for both:
- FNBO Evergreen CL $8,800 22.74% (middleish of their range)
- Discover It Cash Back & the Discover Gas/Restaurant cash back
I believe both use Experian, so here are the DPs:
FICO 8: 701 (Boosted) ex. boost 680ish
AAoA: 7 yrs
AoYR: 2 months
Inqs: 3/12 4/24
New accts: 1 in July and 1 in August (see below for others that are not yet reporting)
Util: 13% AZEO+AU (my card 19%, AU 28%) just implemented, gave me 7pts
Installment: <8% Self credit builder - paid balance to get there, resulted in 14 pts
Income: $75K Self-employed/Social Security
Baddies: 7 lates Cap1 09/2019, 6 lates Credit1 09/2019, Exeter auto charged-off and paid for less 12/2020, a collection w/ $0 bal from an apt lease in 2018 paid 12/2019
The winter is the low in my variable income and a I have little one on the way in a few months so I may have to carry $2-3k until the spring so I want to build up my available lines for util. padding. I don't want to lose all the progress I've made. And I need to buy a larger auto this month before my scores slide.
1. Which card?
2. Should I get the auto loan first or the card? I plan on doing Cap1 auto pre-qual today or tomorrow, if the rate isn't what I am expecting, I will try with PenFed (new member, denied the PCR, but I've read the secured loan is easier). Ppl have reported Cap1 rates of 2-4% with similar profiles, and I generally see PenFed at 4% with the occasional 1% for the high achievers.
Here's the lineup:
Cap1 QS: $1,900 06/2015
Credit1 MC: $500 08/2016
Cap1 SavorOne AU: $1,000 04/2021
Credit1 Plat Visa: $1,500 07/2021 (accepted their SP offer)
Cap1 Venture: $5,000 08/2021 HP all 3
Amex Delta Gold: $1,000 08/2021 HP Ex F8 659 (not reporting yet)
Apple card: $1,500 09/2021 HP TU F9 706 (not reporting yet)
Amex Hilton Aspire: $3,100 10/2021 (2 days ago) SP EX F8 on file as of 09/24 669 confirmed in letter w/card today (not reporting yet)
I know, a lot of new accounts, but I am trying to reach these short-term goals while I got my foot in the door - take a step back score wise in the short term, but I believe well positioned for the long term.
If you look closely, you can probably tell when I found MyFICO 
Thanks to all the fine folks who share their info and knowledge!
@Anonymous wrote:Wow, the novel I wrote at 2am didn't post and disappeared. My fault for doing things at that time.
Back to the topic..
Which card do you think is more likely to give a decent SL and potential to grow with spend, if I get approved?
I did pre-qual for both:
- FNBO Evergreen CL $8,800 22.74% (middleish of their range)
- Discover It Cash Back & the Discover Gas/Restaurant cash back
I believe both use Experian, so here are the DPs:
FICO 8: 701 (Boosted) ex. boost 680ish
AAoA: 7 yrs
AoYR: 2 months
Inqs: 3/12 4/24
New accts: 1 in July and 1 in August (see below for others that are not yet reporting)
Util: 13% AZEO+AU (my card 19%, AU 28%) just implemented, gave me 7pts
Installment: <8% Self credit builder - paid balance to get there, resulted in 14 pts
Income: $75K Self-employed/Social Security
Baddies: 7 lates Cap1 09/2019, 6 lates Credit1 09/2019, Exeter auto charged-off and paid for less 12/2020, a collection w/ $0 bal from an apt lease in 2018 paid 12/2019
The winter is the low in my variable income and a I have little one on the way in a few months so I may have to carry $2-3k until the spring so I want to build up my available lines for util. padding. I don't want to lose all the progress I've made. And I need to buy a larger auto this month before my scores slide.
1. Which card?
2. Should I get the auto loan first or the card? I plan on doing Cap1 auto pre-qual today or tomorrow, if the rate isn't what I am expecting, I will try with PenFed (new member, denied the PCR, but I've read the secured loan is easier). Ppl have reported Cap1 rates of 2-4% with similar profiles, and I generally see PenFed at 4% with the occasional 1% for the high achievers.
Here's the lineup:
Cap1 QS: $1,900 06/2015
Credit1 MC: $500 08/2016
Cap1 SavorOne AU: $1,000 04/2021
Credit1 Plat Visa: $1,500 07/2021 (accepted their SP offer)
Cap1 Venture: $5,000 08/2021 HP all 3
Amex Delta Gold: $1,000 08/2021 HP Ex F8 659 (not reporting yet)
Apple card: $1,500 09/2021 HP TU F9 706 (not reporting yet)
Amex Hilton Aspire: $3,100 10/2021 (2 days ago) SP EX F8 on file as of 09/24 669 confirmed in letter w/card today (not reporting yet)
I know, a lot of new accounts, but I am trying to reach these short-term goals while I got my foot in the door - take a step back score wise in the short term, but I believe well positioned for the long term.
If you look closely, you can probably tell when I found MyFICO
Thanks to all the fine folks who share their info and knowledge!
Personally, I would hold off until your recent accounts have aged. Although maybe 5 (and soon 6) new accounts may be reporting on CRs, it's unlikely Discover may yield a high SL (if approved). Then again, algorithms are always a mystery. Additionally, FNBO may have offered a pre-qualification but it isn't finalized until they process the full application, meaning it could still be declined based on those recent credit activities. Your call, though.
@Anonymous wrote:Wow, the novel I wrote at 2am didn't post and disappeared. My fault for doing things at that time.
Back to the topic..
Which card do you think is more likely to give a decent SL and potential to grow with spend, if I get approved?
I did pre-qual for both:
- FNBO Evergreen CL $8,800 22.74% (middleish of their range)
- Discover It Cash Back & the Discover Gas/Restaurant cash back
I believe both use Experian, so here are the DPs:
FICO 8: 701 (Boosted) ex. boost 680ish
AAoA: 7 yrs
AoYR: 2 months
Inqs: 3/12 4/24
New accts: 1 in July and 1 in August (see below for others that are not yet reporting)
Util: 13% AZEO+AU (my card 19%, AU 28%) just implemented, gave me 7pts
Installment: <8% Self credit builder - paid balance to get there, resulted in 14 pts
Income: $75K Self-employed/Social Security
Baddies: 7 lates Cap1 09/2019, 6 lates Credit1 09/2019, Exeter auto charged-off and paid for less 12/2020, a collection w/ $0 bal from an apt lease in 2018 paid 12/2019
The winter is the low in my variable income and a I have little one on the way in a few months so I may have to carry $2-3k until the spring so I want to build up my available lines for util. padding. I don't want to lose all the progress I've made. And I need to buy a larger auto this month before my scores slide.
1. Which card?
2. Should I get the auto loan first or the card? I plan on doing Cap1 auto pre-qual today or tomorrow, if the rate isn't what I am expecting, I will try with PenFed (new member, denied the PCR, but I've read the secured loan is easier). Ppl have reported Cap1 rates of 2-4% with similar profiles, and I generally see PenFed at 4% with the occasional 1% for the high achievers.
Here's the lineup:
Cap1 QS: $1,900 06/2015
Credit1 MC: $500 08/2016
Cap1 SavorOne AU: $1,000 04/2021
Credit1 Plat Visa: $1,500 07/2021 (accepted their SP offer)
Cap1 Venture: $5,000 08/2021 HP all 3
Amex Delta Gold: $1,000 08/2021 HP Ex F8 659 (not reporting yet)
Apple card: $1,500 09/2021 HP TU F9 706 (not reporting yet)
Amex Hilton Aspire: $3,100 10/2021 (2 days ago) SP EX F8 on file as of 09/24 669 confirmed in letter w/card today (not reporting yet)
I know, a lot of new accounts, but I am trying to reach these short-term goals while I got my foot in the door - take a step back score wise in the short term, but I believe well positioned for the long term.
If you look closely, you can probably tell when I found MyFICO
Thanks to all the fine folks who share their info and knowledge!
If you need a car loan probably best to do that first since any credit card app will drop your score. Plus as they start reporting if approved it will drop your score further, at least for a while. As for how much that seems to be a mystery. My wife and I have identical financial obligations/ income etc. but she is usually 15 to 20 points ahead of me for whatever reason (except for TU where the gap is only 5 points). As far as the credit card goes. If CL is the top priority it will be the FBNO card hands down. Before applying I would definitely refresh the pre-qualification since you seem to have a very active profile, so a pre-qualification from last week could be no good this week. As far as reliability? I got exactly what was quoted on my pre-approval but others reported mixed results. But I have never seen a 1k or 2k approval for the FBNO card when Discover does that quite often. Meaning, FBNO seems to give a good CL (5k and up) if they approve you. If you go for both make sure you do the credit card app right after the car loan is approved since you don't want that reporting yet. But I guess that is pretty common knowledge these days.
@Dp23 wrote:In my experience FNBO prequalified me & declined me for $6300 while Discover gave me a 9k SL.
Yup, reliable is maybe a word that should never be used with credit card pre-qualification, lol. I have seen some unbelievable approvals here when others way more qualified, at least on paper, got denied for the same card.