Which Card to Apply for?

[Anonymous]

I'll try and include as much information as possible. Simply looking for advice from you fine folks on which card I should apply for next, if any, based on my current credit profile.

Income: $85,000.

Inquiries (Don't ask...): Exp - 60, TU - 40, EQ - 40.

Scores: Exp - 666, TU - 690, Equifax - 685.

4 Open Credit Cards
US Bank Cash+ - $1,000 - Opened 09/18
Target Red Card - $200 - Opened 09/18

Discover It Cash Back - $500 - Opened 10/18

Capital One QuickSilver (Previously Platinum - Originally Secured. Product Change was Available) - $600 - Opened 8/17.

UTILIZATION IS 11% 

After the 13th, when Cap1 reports, 5%

1 Closed Credit Card - by Request

Credit One Platinum - $300

One Collection on Transunion and Equifax for $744 - Apartment Complex back in 2014.

Two Collections on Experian - Apartment Complex for $744 and $350 Medical Bill.

2 Paid Auto Loans with good payment history: $17,000 loan and a $30,000 loan.

2 Open Auto Loans (both opened in Oct/2018) one with a $23,000 balance the other with an $8,000.

Rehabilated Student Loans as of 05/18 with good payment history. 

Discover and Capital One refuse to increase my credit line. I was approved for a Cap One QS card with a small $300 limit a few days ago which is kind of a smack to the face after being with them for almost 2 years.

[simplynoir]

What exactly are you looking for in a credit card? Cashback, miles, points, 0% intro/BT offers, etc.

[Anonymous]

You've got a history already, but your negatives would be inquiries and collections. Disregarding your income, I'd say stay in the garden for at least a year since you just applied for Cap1 QS and 2 recently opened loans. That small limit on your Cap1 QS approval may be a sign already.

Any specific purchases? You spend most on where?

[Anonymous]

Really just looking for a credit card with some type of benefits - cash back, travel, etc. 

[pinkandgrey]

60 inqs on EX? That’s why your score is 666....lol just kidding

Have you checked Amex prequals?

[Anonymous]

With 60 inquiries you're not wrong, haha. I've had a lot go on just within the last year - I've been submitted to banks to cosign on vehicles for siblings, buying a new vehicle, building credit, applying for different things. I did check AMEX prequalify and nothing. 

[xaximus]

I would work on getting the baddies removed and working towards a clean file. Till then, I would garden for some time. Put your spending between the US Bank and Disco for now and CLI's will open up. (US Bank - can give both auto-CLIs and request one, if requesting, keep it at 1500, generally - it has been an SP only, if you need more, it'll be an HP. Disco - just spend and PIF, they are known to be growers.)

[Anonymous]

Thanks for the response, Xaximus.

I've accepted I'm just going to let the apartment collection fall off - at this point it only has 2 years and 7 months to go and they'll only remove it from my report if I pay the full $744 balance.

For my Discover It card I'm assuming I was placed in some downsell program because I was only approved for a $500 limit and was not approved for the promotional no interest offer on BTs and purchases - everytime I try and hit that luv button they decline my request. I utilize my card pretty heavily and pay in full each month.

I've kind of recognized at this point U.S. Bank is going to be my main focus - I have my checking account and auto loan with them already and worked for them for 1.5 years so I'm sure they like me.

CAP1 also just upgraded me to the Quicksilver with no AF from the Platinum so hopefully that's a big turn around for me. Before I posted here I applied to AMEX, Citi, BoA and they all pulled Experian - my lowest score and got a big fat denial. 

[HeavenOhio]

@Anonymous, are you sure that your new card is a Quicksilver? Or is it a QuicksilverOne? The reason I ask is that the minimum starting limit for a QS is $1,000. (QSes acquired through product changes are exceptions.) $300 is the minimum starting limit on the QS1.

[Anonymous]

Sorry, I should elaborate.

The card I applied for was the QuickSilver One and was approved for a measly $300 limit.

The card I product changed to was the Quicksilver still at a $600 limit.