Welcome to the board. With your current card line up, why in the world would you apply for the Capital One secured card? What is the logic behind that sort of reasoning? Do you mind sharing?
You are overthinking this. If I were in your shoes, this is what I'd do. Wait for 6 months and don't apply for any cards. You don't need to have a Chase checking account to apply for Chase credit cards although it is nice to have a relationship.
Once the 6 months wait is over, apply for the Chase cards first before anything else. I really like Capital One but those applications can wait. Once you have secured the Chase cards, then you can move on to others. Remember, getting these cards is like strategy like anything in life.
Cap1 doesn't do recons. If they have denied you, then I'd wait for the letter to see whats up. Not sure why still you want a QS though. Also, you have the Citi DC card, why do you need the QS? I'm not understanding why you would wanna get a lower tier card that has no significant perks other then 1.5%.
As far as your strategy goes - rule of thumb is once you get a denial and unable to recon, it's a good time to step back and garden for a few months. It's also safer to space your apps about 6 months apart. That way, you let accounts age and properly report.
As far as your strategy goes - rule of thumb is once you get a denial and unable to recon, it's a good time to step back and garden for a few months. It's also safer to space your apps about 6 months apart. That way, you let accounts age and properly report.
@Anonymous wrote:Hi All,
I'm looking to apply for 4 new cards in the near future: the Chase Freedom, Chase Freedom Unlimited, Capital One Quicksilver, and Capital One SavorOne. I'm currently at 6/24 (new accounts) & 10+/20 (HPs) but will fall to 2/24 (new accounts) & 4/24 (HPs) within the next 6 months.
I planned to apply for the Quicksilver 2 weeks ago, the Freedom 6 months later, Freedom Unlimited 2-3 months after that, then the SavorOne 2-3 months later, and into the garden for 2+ years. That way I still have one 5/24 spot, just in case.
When I applied for the Quicksilver I got the 7-10 day responce. I called the robo line and got an under review responce. When I called for a real person they said I was denied and then they hung up. Tried again and the second representative asked some questions then said that I had to wait for the paper letter before recon. I still haven't gotten anything in the mail.
Now I'm not sure what to do. I feel like I wasted a triple HP and I don't want to wait 6 months to be denied by Chase. My first instict is to get the Capital One Platinum secured card (so that I can later PC to the Quicksilver) and open a Chase checking account (to establish history with them). Any help and/or advise would greatly appreciated, Thanks!
Current Accounts:
WF Cash Wise - 2.5k
Discover it - 2.7k
Amex PRG - NPSL
Amex EDP - 10k
Barclay CashFoward - 4.1k
Barclay Apple Rewards - 8.1k
Cit Costco - 30k
Citi DC - 35k
Scores:
EQ - 755 (Citi), 767 (Vantage 3)
TU - 751 (Discover Fico 8), 741 (Barclay), 764 (Vantage 3)
EX - 736 (WF Fico 9), 737 (Amex Fico 8)
Other Data Points:
AAoA: 1.8 Years
AoOA: 2.7 Years
AoYA: 6 Months
Utilization: 2-3%
No Lates/Bad marks
Looking at your accounts you listed I see no reason for the QS. You have a better card in the Citi DC, and your WF Cash Wise is the same rewards. One thing you didn't mention was your Utilization, both total and individual. Since you were denied I am thinking you might have some Util issues. If that is the case take the next 6 months in the Garden work on your util, let your new accounts and inq. age a bit. then go for the Chase cards and the Savor. Forget the QS completely.
If you go secured you will be bucketed and the card won't grow. Then IF you are allowed to pc it you would most likey be to the QS1 and you would have an AF.
