Timeline for CLI request and Second CC application

[Anonymous]

Hello folks,

I am noob to the CC game in USA. However, I have been using CCs in my home country and have solid credit score and good CLIS (the oldest account is 5x the initial CL). I recently got approved for the Discover It student (CL 1250). Will be graduating this december. My goal is acheive a great FICO score (730+) in next 6 -12 months. I am planning to keep the ultization close 9% and pay pay off the balance every month. After reading a lot of posts on this forum, I have come up with a time line on applying for CLI and next credit card.

Timline for next app and CLI

• First 6 months - No hard enquiries, Pay off balance every month, utlization < 9%
• 7th month - Request CLI with Discover, apply for amzn store card
• 9-10 month - Apply for chase freedom (only iff FICO > 730 and approved by pre qualification)
• 12th month - apply for Amex BCE and/or Charge card (Amex Green)

Does this timeline sound realisitic ? Do you guys have any more suggestions on acheiving my goals. I applied for Cap one student jounery and got declined , resulted in three hard inquiries to all 3 beuraus. How long should I wait till my second app to minimize the damage done by this app?

Regards,

Jerry

[Anonymous]

@Ethan_Hunt89,

Welcome to MYFICO.  Your plan looks solid.  What I'd do is add a secure card from BOA or CAP 1.  So you at least have 2 cards. How old is your Discover card?

[Anonymous]

 I got the discover it last week! My first statement is due this month, When would be the ideal time to apply for a secured CC. I am reluctant about Cap One because they already rejected me for Journey once. Any particular reason for preferring BoA over Wells Fargo secured card? Thanks in advance.

[Anonymous]

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@Anonymous wrote:

 I got the discover it last week! My first statement is due this month, When would be the ideal time to apply for a secured CC. I am reluctant about Cap One because they already rejected me for Journey once. Any particular reason for preferring BoA over Wells Fargo secured card? Thanks in advance.

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Ok.. Since  CAP 1 tripple pulled you, I'd reach out to their EO (Executive Office) to see if they will be willing to use the hardpulls to open a secure card for you. Also, the reason why BOA instead of Wells Fargo is because you are able to graduate the BOA card and get better limits / growing with you unlike Wells Fargo.

[Anonymous]

Thank you. I will reach out the Cap One and enquire.

[Anonymous]

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@Anonymous wrote:

Thank you. I will reach out the Cap One and enquire.

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Use this to find CAP 1 EO info.  Type in CAP 1 EO info. The first one that comes up should be an email address.  They are very good at responding.  Don't call the regular CSRs...

http://bit.ly/1g0P1zO

[Anonymous]

Thank you so much for the information.

[Anonymous]

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@Anonymous wrote:

Thank you so much for the information.

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You are welcome and let us know the outcome...

[myjourney]

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@Anonymous wrote:

Hello folks,

I am noob to the CC game in USA. However, I have been using CCs in my home country and have solid credit score and good CLIS (the oldest account is 5x the initial CL). I recently got approved for the Discover It student (CL 1250). Will be graduating this december. My goal is acheive a great FICO score (730+) in next 6 -12 months. I am planning to keep the ultization close 9% and pay pay off the balance every month. After reading a lot of posts on this forum, I have come up with a time line on applying for CLI and next credit card.

Timline for next app and CLI

• First 6 months - No hard enquiries, Pay off balance every month, utlization < 9%
• 7th month - Request CLI with Discover, apply for amzn store card
• 9-10 month - Apply for chase freedom (only iff FICO > 730 and approved by pre qualification)
• 12th  15th month - apply for Amex BCE and/or Charge card (Amex Green)  PRG 
• which has same UW but better perks and I'm assuming you may travel back home so with the $100 air credit and no FTF fee makes it same AF cost as green card 

Does this timeline sound realisitic ? Do you guys have any more suggestions on acheiving my goals. I applied for Cap one student jounery and got declined , resulted in three hard inquiries to all 3 beuraus. How long should I wait till my second app to minimize the damage done by this app?

Regards,

Jerry

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+1 to Yes-its-me

EO for a secured card recommendation

[Anonymous]

@myjourney

Appreciate your inputs. Is there any specific reason that should wait 15 months to apply for Amex?  I read somewhere that it is possible to apply for Amex Charge Card and CC toegether. Do you know if there exisits an option like this?