Approved for Chase Freedom Unlimited!

[Existentialist]

Nice pickup... congrats.

[Anonymous]

congrats on the approval!

---

@joeaseer wrote:

I would suggest that you ask Discover for a CLI on your Discover IT card. I'm sure they'll give you another $1k at least without a HP since you've been with them so long. Congrats on your credit journey. I didn't trust credit cards for years and I just started to understand about them December 2014. Success happens quick when your self-disciplined.

---

I'm in the same boat now in 2016. I didn't trust credit cards. Then fraud happened on my bank account and figured I wanted a buffer between my cash and my purchases.  Instead of using my debit card everywhere, why don't I apply for a credit card?  I've had a rocky past with credit cards and realized it's not that I didn't trust credit cards.  It's just that I didn't trust myself with credit cards.

Fast forward 7 years later, I'm just now getting back into the credit card game. Here's to rebuilding!

[Anonymous]

You're at 800 with only $2500 on the Freedom? Chase shafted you big time. I'm 23, shorter history than you, lower score than you, got $7000 two weeks ago on the Freedom. Time for a big CLI there yo

[Scupra]

---

@Anonymous wrote:
You're at 800 with only $2500 on the Freedom? Chase shafted you big time. I'm 23, shorter history than you, lower score than you, got $7000 two weeks ago on the Freedom. Time for a big CLI there yo

---

Possibility of income difference? A lot of things go into deciding a limit, not just score.

[Anonymous]

---

@Scupra wrote:

---

@Anonymous wrote:
You're at 800 with only $2500 on the Freedom? Chase shafted you big time. I'm 23, shorter history than you, lower score than you, got $7000 two weeks ago on the Freedom. Time for a big CLI there yo

---

Possibility of income difference? A lot of things go into deciding a limit, not just score.

---

Possibly. I know it's more than the score, hence my mention of the history as well. Looks like OP apped in school so maybe that too.

[Anonymous]

---

@Anonymous wrote:

---

@Scupra wrote:

---

@Anonymous wrote:
You're at 800 with only $2500 on the Freedom? Chase shafted you big time. I'm 23, shorter history than you, lower score than you, got $7000 two weeks ago on the Freedom. Time for a big CLI there yo

---

Possibility of income difference? A lot of things go into deciding a limit, not just score.

---

Possibly. I know it's more than the score, hence my mention of the history as well. Looks like OP apped in school so maybe that too.

---

Yes, it's most likely a large income difference. I'm a student, so I don't have anywhere near full-time income. Once I'm done with my Master's degree next year and start working full-time, I plan on calling each credit card company and asking them to raise my credit limits to reflect my new income.

Also, when I applied for Chase Freedom back in November 2014, my FICO was at 750. Since then it has climbed to 793. Now it's likely a little lower than 793 - being approved for Chase Freedom Unlimited left a temporary ding.

While we're all here, recommendations on future cards? I've heard buzz about Citi's Double Cash card, but sadly there isn't a public sign-up bonus. Maybe things will change in the future, who knows.

[Anonymous]

---

@Anonymous wrote:
Yes, it's most likely a large income difference. I'm a student, so I don't have anywhere near full-time income. Once I'm done with my Master's degree next year and start working full-time, I plan on calling each credit card company and asking them to raise my credit limits to reflect my new income.

Also, when I applied for Chase Freedom back in November 2014, my FICO was at 750. Since then it has climbed to 793. Now it's likely a little lower than 793 - being approved for Chase Freedom Unlimited left a temporary ding.

While we're all here, recommendations on future cards? I've heard buzz about Citi's Double Cash card, but sadly there isn't a public sign-up bonus. Maybe things will change in the future, who knows.

---

I apped with 720 but my income is great for a new grad (or was...off to school next month again sigh). The DC won't get a sign-up bonus. They know how good of a deal it is on the market and the only bonuses we've heard of are from the early months of its introduction when targeted $150/$500 offers were sent out. It really depends on your spending habits... Look at AmEx BCE/BCP or Everyday, US Bank Cash+, travel cards. If you travel a bit, a basic no AF travel card would round out your collection and the no FTF would be helpful. If you don't, get a cash back that fits with the categories you spend the most on or suck it up and get the DC if you intend to use it in the long run.

[Anonymous]

---

@Anonymous wrote:

I apped with 720 but my income is great for a new grad (or was...off to school next month again sigh). The DC won't get a sign-up bonus. They know how good of a deal it is on the market and the only bonuses we've heard of are from the early months of its introduction when targeted $150/$500 offers were sent out. It really depends on your spending habits... Look at AmEx BCE/BCP or Everyday, US Bank Cash+, travel cards. If you travel a bit, a basic no AF travel card would round out your collection and the no FTF would be helpful. If you don't, get a cash back that fits with the categories you spend the most on or suck it up and get the DC if you intend to use it in the long run.

---

Yep, that pretty much confirms what I've been thinking. I don't travel much at all really, though maybe that will eventually change in my future. One of my next credit moves is to take out a small (student?) loan to diversify my portfolio. My car is paid for, so no financing possible there. Won't be buying a house anytime soon either, so my options are limited. Slow and steady wins the race.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

I apped with 720 but my income is great for a new grad (or was...off to school next month again sigh). The DC won't get a sign-up bonus. They know how good of a deal it is on the market and the only bonuses we've heard of are from the early months of its introduction when targeted $150/$500 offers were sent out. It really depends on your spending habits... Look at AmEx BCE/BCP or Everyday, US Bank Cash+, travel cards. If you travel a bit, a basic no AF travel card would round out your collection and the no FTF would be helpful. If you don't, get a cash back that fits with the categories you spend the most on or suck it up and get the DC if you intend to use it in the long run.

---

Yep, that pretty much confirms what I've been thinking. I don't travel much at all really, though maybe that will eventually change in my future. One of my next credit moves is to take out a small (student?) loan to diversify my portfolio. My car is paid for, so no financing possible there. Won't be buying a house anytime soon either, so my options are limited. Slow and steady wins the race.

---

The answer is a secured loan. See here: http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/td-p/4506756

[Anonymous]

---

CreditSnorlax wrote:

The answer is a secured loan. See here: http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...

---

 WOW! Thank you for linking me to that great, very detailed resource! myFICO Forums is filled with my kind of people. A Share Secure loan is...interesting, to say the least. Doesn't make much sense to me because taking out a Share Secure "loan" requires you to already have the loan amount in your bank account... So really, you're not borrowing any money - it's not a "loan" at all. If I understand it correctly, basically: someone decided to make this process to build credit and slapped the label "loan" on it.