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What credit cards would I be approved for?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Established Member

What credit cards would I be approved for?

Hey all,

 

Looking for some advice on a new Credit Card.  So my scores are currently as follows 

 

609 - Equifax
626 - Transunion
614 - Experian

 

Although I have since paid down my balance from 29% down to about 15% utilization and my score is set to update tomorrow hopefully I will get a bit of a bump in my score.

 

My inquiries are high at 30 in last 12 months. (Car shopping and more)

 

I have the following cards:

 

Cap one secured = started w/ $200 deposit and they graduated to $500

Cap one QS1 - $500 

Cap one Playstation rewards - $1,250

Jared's Jewelery - $1,000 

NYandCO - $500

Victoria Secret - $350

 

Total - $4,100 - Balance: $609

 

I am looking to add an actually good credit card to my profile, wishing for AMEX but I am probably a ways from that so is there any decent cards out there that you guys think I would have a chance of being approved for? Just looking for a card with at least $3k line.

 

 

Thanks in advance!

 

 

 

Message 1 of 12
11 REPLIES 11
Frequent Contributor

Re: What credit cards would I be approved for?

Then info that you’ve provided is only part of your credit profile picture. What’s holding your scores down?

Generally speaking, however, I’m not sure you’ll gain much traction, yet, on getting any card outside of the subprime category. Within the subprime category, I doubt you’ll get a CL of $3000.

Without more info, I’ll speculate that you need to address whatever derogatoriness are within your profile and then benefit from time.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards
NFCU: Flaghship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 2 of 12
Established Member

Re: What credit cards would I be approved for?

@CreditSweeper

 

Deragotories -

 

1 collection - $62 with IC System from 2013

 

2 Chargeoffs - Bank of America $854 from 2013, First Premier $456 from 2016

 

100% payment history on all of my current accounts

Message 3 of 12
Frequent Contributor

Re: What credit cards would I be approved for?

After you see where your scores update after the decreased UTI (btw - if you can get it below 8.9% for your next cycle, you’d see another score increase as well) you might try some of prequal sites like Discover. If you have an in to join NFCU they’ve proven to be friendly to not so perfect profiles as well.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards
NFCU: Flaghship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 4 of 12
Established Member

Re: What credit cards would I be approved for?

Thanks for the help!

 

I will look into NFCU

Message 5 of 12
Established Contributor

Re: What credit cards would I be approved for?

I'd you have 30 inqs in 12 months, you should stay in the garden for a while. When did you get the cards you have now?
Unless you can get in Navy or find a pre approval, you should stay put.
Message 6 of 12
Established Member

Re: What credit cards would I be approved for?

Dates accounts were opened:

 

Capital One Secured - 2/18

Capital One QS1 - 9/18
Capital One Playstation - 3/18

VS - 9/18

NY&CO - 9/18

Jareds - 11/18

Message 7 of 12
Established Contributor

Re: What credit cards would I be approved for?


@Yoyi1784 wrote:

Dates accounts were opened:

 

Capital One Secured - 2/18

Capital One QS1 - 9/18
Capital One Playstation - 3/18

VS - 9/18

NY&CO - 9/18

Jareds - 11/18


I would recommend continued gardening until October or November (December would be best) so that none of your accounts are under 1 year old.  You have quite young AAoA, that along with your derogs is going to work against you getting approved for a quality card.  Keep working on paying down utilization and aging your current crop of accounts and let the derogs get further behind you.  I believe by December you'll be in a much better position.

Back In the garden June 2019 until TBD
FICO 8 Scores (Inquiries) May 29, 2019

Military Star - $8.7K | FCCU Platinum Signature VISA - $13K | Care Credit - $25K | Barclay AA Red MC - $5K | Best Buy Citi Visa - $3K | Cap1 Savor - $3.1K | USAA Signature VISA - $6K | PFCU Power Cash Rewards Signature VISA - $28.5K | CSR $15K | USAA AMEX - $12K | AMEX BCP - $35K | Chase Freedom Signature Visa- $7.5K | HSBC Rewards MC - $1.75K | CITI DC - $10.3K | Discover It - $16K | NFCU Cash Rewards Signature Visa - $10K | NFCU CLOC - $15K | TD Ameritrade Client Rewards Visa - $1.5K | Chase FU Signature $15K | Citi AA Plat MC $13K
AAoA 6 Yrs 10 Mos AoOA 16 Yrs 2 Mos AoYA 1 Mos
Currently 13/24
4/24 on 1/14/20
1/24 on 3/15/20
0/24 on 3/20/21
Installment Loans
BMW $36.4K of $65.3K @ .99% (44.3% Paid)
Student Loans $32K of $66.65K @ 2.75% (51.93% Paid)
Annual Income ~ $110K
Message 8 of 12
Regular Contributor

Re: What credit cards would I be approved for?


@Yoyi1784 wrote:

@CreditSweeper

 

Deragotories -

 

1 collection - $62 with IC System from 2013

 

2 Chargeoffs - Bank of America $854 from 2013, First Premier $456 from 2016

 

100% payment history on all of my current accounts


When in 2013 did you incur the collection and one charge off accounts? Come 2020, they will fall off your report. However, if you want your scores to jump sooner than you'd like, I would take care of that $62 collection account and $456 with First Premier. Do pay for delete. That could give you quite the jump in your scores.

 

I'm with the others, garden until later this year, give some time to age your accounts and let inquiries fall off too.






$2500 SL Barclay Apple Rewards Visa | $4500 CapitalOne Platinum | $1400 Merrick DoubleYourLine
Message 9 of 12
Valued Contributor

Re: What credit cards would I be approved for?

Definitely wanna pay off the $62 charge as that would help give you a bit of an increase. The other 2, I would try to see if you can either work out a deal (settlement) or PFD if possible. The CO's are definitely holding your scores back by a large amount. Once you clear those off, you'll have a much higher chance of getting better TLs. Otherwise, they will definitely hold you back for 7 years from when they reported.


Scores - All bureaus 750 +/-
TCL - Est. $275K
Message 10 of 12