Have you tried CapitalOne prequal? I know you have a secure card with them already, but given you have a solid history with them it may help your cause in qualifying for an unsecured card. They are known to like heavy spend, and given it's your only current card you may have that covered already. Just a thought to maybe get in with an unsecured card.
@Anonymous wrote:Hello,
Some quick facts about me: 37, freelancer with an s-corp, about 60K per year in 1099s before taxes. Only have capital 1 secured plat. at $1300 for 1yr 3mo, 100% payment history. No derogatory marks or collections of anything like that on the report. Usage 1-9%. I have business checking and personal at chase. I applied for a chase ink business cash card (after 1yr of having cap1) and was denied; tried reconsideration. 1 month later applied to chase freedom and denied. When I first applied my scores were even higher like a 764 and 750s. I'm a freelance food stylist with lots of spend at grocery stores that get reimbursed. I do have prime and shop whole foods a lot. not preapproved for business Prime card?? What can I realistically get approved for? Kinda shakey about applying for anything now. Amex says preapproved for Cash Magnet, every day, Green card. and Pre-approved for Business cash, business gold, blue business. But for some reason, Discover doesn't pre-approve me for anything other than the secured it card? Does anyone have any advice on what my next move is? I'm even scared to try to get a brokerage account from Schwab!
A couple of things I'm not sure about: Become Authorized user of wife on chase. she has excellent credit. 800 score prob 8 years are there any drawbacks to doing this? Wells Fargo business secured card?
Experian fico 8 - 743
Transunion - 729
Equifax - 729
After reading this, I see that you still have a while to focus on. If it was me, I would head to Discover because that secure card is useful for you to try on getting an unsecured card. If it was my guess, having only one credit card that was secured and nothing else doesn't have that much weight with people compared to an unsecured of who they can trust. I am not sure if Capital One will switch it to unsecured after hearing they may have taken that away now for their secured cards.
As for the Chase Ink Business Card that you have tried to get, I don't think you have hit the min credit line so it would be auto denied for you along with what I said above.
Another route you can go is try and see if a Credit Union will offer you a credit card that is unsecured to get you started or try and get the Chase freedom credit card (not unlimited!). If you have a personal (like you said) and kept on feeding direct deposits into it, they may let you slide by with a $500 credit line that is unsecured to get you started.
If those don't work, I would try using Cap 1 pre-qual or use one of the Amex that isn't business to get started for the unsecured card.
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Is there anything that is hurting any of your bureaus? Late Payments? Collections?
@Anonymous wrote:Hello,
Some quick facts about me: 37, freelancer with an s-corp, about 60K per year in 1099s before taxes. Only have capital 1 secured plat. at $1300 for 1yr 3mo, 100% payment history. No derogatory marks or collections of anything like that on the report. Usage 1-9%. I have business checking and personal at chase. I applied for a chase ink business cash card (after 1yr of having cap1) and was denied; tried reconsideration. 1 month later applied to chase freedom and denied. When I first applied my scores were even higher like a 764 and 750s. I'm a freelance food stylist with lots of spend at grocery stores that get reimbursed. I do have prime and shop whole foods a lot. not preapproved for business Prime card?? What can I realistically get approved for? Kinda shakey about applying for anything now. Amex says preapproved for Cash Magnet, every day, Green card. and Pre-approved for Business cash, business gold, blue business. But for some reason, Discover doesn't pre-approve me for anything other than the secured it card? Does anyone have any advice on what my next move is? I'm even scared to try to get a brokerage account from Schwab!
A couple of things I'm not sure about: Become Authorized user of wife on chase. she has excellent credit. 800 score prob 8 years are there any drawbacks to doing this? Wells Fargo business secured card?
Experian fico 8 - 743
Transunion - 729
Equifax - 729
@Anonymous wrote:Hello,
Some quick facts about me: 37, freelancer with an s-corp, about 60K per year in 1099s before taxes. Only have capital 1 secured plat. at $1300 for 1yr 3mo, 100% payment history. No derogatory marks or collections of anything like that on the report. Usage 1-9%. I have business checking and personal at chase. I applied for a chase ink business cash card (after 1yr of having cap1) and was denied; tried reconsideration. 1 month later applied to chase freedom and denied. When I first applied my scores were even higher like a 764 and 750s. I'm a freelance food stylist with lots of spend at grocery stores that get reimbursed. I do have prime and shop whole foods a lot. not preapproved for business Prime card?? What can I realistically get approved for? Kinda shakey about applying for anything now. Amex says preapproved for Cash Magnet, every day, Green card. and Pre-approved for Business cash, business gold, blue business. But for some reason, Discover doesn't pre-approve me for anything other than the secured it card? Does anyone have any advice on what my next move is? I'm even scared to try to get a brokerage account from Schwab!
A couple of things I'm not sure about: Become Authorized user of wife on chase. she has excellent credit. 800 score prob 8 years are there any drawbacks to doing this? Wells Fargo business secured card?
Experian fico 8 - 743
Transunion - 729
Equifax - 729
Dont get another secured card, will just tie up cash as deposit. Pick an Amex that suits your lifestyle. They should give you a pretty decent SL with your profile and then 3x after 61 days. My profile is very similar to yours.
Lots of good advise from above.
I would recommend joining a credit union or two or three or more. Some offer low APR, cash back, and travel credit cards.
Navy Federal Credit Union - membership restrictions.
Pentagon Federal Credit Union - open membership.
