Thin File App or Garden?

[Anonymous]

From the Discover free score site, 

718 Fico

8 month AOA

1 inq

10% util

Accounts, 

Banner Bank MC $1000 limit $150 balance

Macys $2000 limit $35.00 balance 

Overstock $2900 limit $150.00 balance 

Cap 1 QS1 $3000 limit $180.00 balance 

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP 

[Anonymous]

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@Anonymous wrote:

From the Discover free score site, 

718 Fico

8 month AOA

1 inq

10% util

Accounts, 

Banner Bank MC $1000 limit $150 balance

Macys $2000 limit $35.00 balance 

Overstock $2900 limit $150.00 balance 

Cap 1 QS1 $3000 limit $180.00 balance 

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP 

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From my experience, both the Discover it(Approved at 6 months current history) and American Express(I took the BCP at 6 months history[seconds before the Discover approval] and three months after initial denial[due to insufficient credit history]) are friendly toward "young"(I actually had my first accounts about 12 years ago, but avoided credit altogether for around a 10 year period so it essentially reset) credit file.  Citi denied me about 3 months ago(11 months current oldest age, around 5 months current AAoA[both at the time]) for a Double Cash card, citing insufficent age of established credit as the sole determining reason.

[Scupra]

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@Anonymous wrote:

From the Discover free score site, 

718 Fico

8 month AOA

1 inq

10% util

Accounts, 

Banner Bank MC $1000 limit $150 balance

Macys $2000 limit $35.00 balance 

Overstock $2900 limit $150.00 balance 

Cap 1 QS1 $3000 limit $180.00 balance 

My util should be a bit lower this month

I am looking to add a card that has better rewards or cash back

Should I apply for Discover It, AMEX BCE, Citi Costco or garden??

I have no plans for any major purchase in the next year so it is just risking the HP 

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I would get your utilization to less than 10% on one card and 0 on others. Then apply if you want to. 

[RonM21]

Not a bad idea to get the utilization down. Even if you didn't, I think you would be able to get one of those cards. I like the idea of Discover and Amex that k_m_m mentioned because they do grow very well for most.

[Scupra]

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@RM21 wrote:
Not a bad idea to get the utilization down. Even if you didn't, I think you would be able to get one of those cards. I like the idea of Discover and Amex that k_m_m mentioned because they do grow very well for most.

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Agreed! Not that I don't think you will be approved, but if you're planning an app you might as well optimize your FICO for the best approval.

[Anonymous]

Here is my update,

I waited and my utilization was 7% at the time of applying 

Approved, 

Discover IT $2500 

Amex PRG 

Amex BCP $10,000 limit (could not believe that SL) 

Also my Cap one was increased CLI from $3k to $4k 

I did also try for Penfed but they said my account history was too short 

[Anonymous]

Congrats on the approvals, from what ive seen here the discover IT grows pretty quick if you use it well.