Help. 727 score. Denied 2x

[Anonymous]

Denied from chase for the freedom card and and citi double cash. Very short credit history. I have had a cap one platinum  for 3 months. Any suggestions on a decent card with a higher limit than the cap 1.

Thanks

[Anonymous]

I'm guessing 727 isn't FICO since the 3 month old CO Platinum is your only account, unless there are more on your profile you didn't disclose. Unfortunately, Chase and Citi are 2 of the more unfriendly lenders to young and thin profiles, Chase looks for at least 1 year of history and Citi is probably not too far behind. You need to wait for your FICO score to generate when the Platinum reaches 6 months, then check Discover and Amex Prequals, 2 of the more friendly lenders to new comers.

[Anonymous]

---

@Anonymous wrote:

Very short credit history.

---

There is your problem right there. Chase is notorious about wanting to see at least a years worth of credit use. Also, you're seeing now that a person's credit profile and liklihood of getting approvals isn't always tied directly into thier credit score. There are other factors involved that can help with an approval and/or higher starting limits.

You can look into some of the pre-qual sites such as AMEX and Disco but with only 3 months of credit usage on file do not expect higher starting limits. Don't be in a rush. Building up your credit reputation takes time.

[Pikaboo-icu]

Welcome to My Fico...

Heed the sage advice above... READ around the boards- give yourself a little time..

You'll be a pro soon with great cards..

CHEERS

[Cred4All]

Agreed.  Folks can be fresh out of school for example,  with 0 established credit but a 740 score, however not be approved due to that lack of established credit history.  At least a few months time and patience goes a long way, as well as possibly earning a CLI on the current card. 

[Anonymous]

With such credit history I don't think the 727 helps much. Also very surprising you have 727 with only a 3 month credit history.

What is the rush though? I built up my credit reputation over several years. I first started with the Capital One Platinum card with $500 SL and over 2 years(?) got my CL up to $2000+ before I applied for the Amex Gold Delta card with I think $3000 SL. If you are good with your payments, Amex is very generous with CLIs so I think you could get probably get $10K CL total within a few years. At least that was my experience. I guess what I'm saying is it took me 4-5 years to build credit up to that point.

[MrDFinance]

Yeah like other posters have mentioned it take time to get some of the midgame cards ... If you have anyone that can add you as a Authorized user that can add some depth to your credit profile and get you approved but on your own your going to have to build some histrory with some starter cards.... Especially when it comes to chase......