@Anonymous wrote:
Hey guys, I wanted to apply and get a couple of cards at the end of January, but would like to have an idea of my chances on them. I've posted a couple of threads about the Discover IT card, but now it's for something more.
I want to apply for the Discover IT, Chase Freedom, or AMEX Everday. Apply for 2 our of the 3. How would you rank them?
1 year 3 months credit history, 3 CC's" Barclays $1200 limit, BoA Secured $300 limit, Capital One Platinum $500 limit. Total utilization should be less than 10% before applying, 8 inquiries in the last 12 months (4 auto). I can't seem to get my fico scores here when I applied, 666 CK and 687 Barclay's Free Fico (12/27/14 update).
Thank you in advanced.
Assuming your FICOs are similar to your FAKOs (who knows?), I think you have about a 75% chance on the Freedom. You're in the range of people who more often than not get accepted but sometimes only with a toy limit. Your one year of credit history will definitely help you with Chase. One thing that does introduce an element of uncertainty to the Freedom is that Chase does have an internal scoring method though known as the Card Acquisition Risk Score, and like a FAKO, it is not a true FICO score either. Sometimes people with strong FICO scores still struggle to get in with Chase because their CARS score isn't comparable to their FICOs.
Discover I think is about a 50/50 shot. I've seen people with less get approved, and just about as often I've seen people with more get denied. However, if you do get denied for an unsecured, individual account, I think it's extremely likely they'll offer you either a joint account or a secured account.
Amex Everyday is likely going to be the toughest. I think you have a 30% chance on that based on looking at scores alone. It often depends on your baddies with Amex. If the baddies are relatively recent and they happen to be collections or delinquent payments, Amex can be very hard to get in with.
