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I Shouldn’t Have... But I Did - Chase & AMEX

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

I Shouldn’t Have... But I Did - Chase & AMEX

I had been thinking about applying for the SPG Card from American Express because it will be discontinued after February 12, 2019 for new applicants. I was also at 4/24, so I did not want to risk a chance of losing Chase for a year; especially because I will be going on a cruise with my family in the Caribbean and will need a no-foreign transaction fee VISA card for when we port in Mexico.

There I was yesterday, February 7, 2019, considering the SPG Card and thinking about when I could use it. It came to me. Next year I might go to California, so I can book a Marriott-SPG-Ritz-Carlton stay. The following year I’ll go to New York, so I can book again. I applied for the Chase Sapphire Preferred and was instantly approved with a $7000 limit - my largest limit to date. I also applied for the SPG Card (soft inquiry) and was instantly approved with a much smaller limit of $1000. I will now be entering the garden for quite some time and working on CLIs.

Data Points:
• 5 Inquiries: 4 from Chase and 1 from American Express
• Experian: 724 FICO8 - Hard inquiry by Chase
• TransUnion: 762 FICO8
• Income: $21,000 - student
• AAoA: 3 years 5 months - Mostly as an AU
• Number of Credit Lines: 1 Discover, 2 American Express, 1 Chase, 1 Chase AU, and 1 starter loan
• Utilization: $191/$12,500 (1.528%)
• Late Payments: None
• Derogatories: None

I bank with Chase and have put heavy usage on my Chase Freedom Unlimited since I was approved on Christmas of 2018.


Product Change Goals


"Future Cards"
Message 1 of 16
15 REPLIES 15
Valued Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Two great approvals, Tex. You're well on your way. Congratulations!

And thank you for the DPs. First rate. 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (3/01/2019): FICO 08 EXP: 714; TU: 744; EQ: 710
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 2 of 16
Community Leader
Super Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Congrats on your two new cards!

FICO 08 Scores (Mar-19): TU 808, EQ 795, EX 787

Message 3 of 16
Regular Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX


@Native_Texan wrote:
I had been thinking about applying for the SPG Card from American Express because it will be discontinued after February 12, 2019 for new applicants. I was also at 4/24, so I did not want to risk a chance of losing Chase for a year; especially because I will be going on a cruise with my family in the Caribbean and will need a no-foreign transaction fee VISA card for when we port in Mexico.

There I was yesterday, February 7, 2019, considering the SPG Card and thinking about when I could use it. It came to me. Next year I might go to California, so I can book a Marriott-SPG-Ritz-Carlton stay. The following year I’ll go to New York, so I can book again. I applied for the Chase Sapphire Preferred and was instantly approved with a $7000 limit - my largest limit to date. I also applied for the SPG Card (soft inquiry) and was instantly approved with a much smaller limit of $1000. I will now be entering the garden for quite some time and working on CLIs.

Data Points:
• 5 Inquiries: 4 from Chase and 1 from American Express
• Experian: 724 FICO8 - Hard inquiry by Chase
• TransUnion: 762 FICO8
• Income: $21,000 - student
• AAoA: 3 years 5 months - Mostly as an AU
• Number of Credit Lines: 1 Discover, 2 American Express, 1 Chase, 1 Chase AU, and 1 starter loan
• Utilization: $191/$12,500 (1.528%)
• Late Payments: None
• Derogatories: None

I bank with Chase and have put heavy usage on my Chase Freedom Unlimited since I was approved on Christmas of 2018.

Congrats! Hopefully you’ll see a CLI on your SPG before that California trip.

Your chosen approach can dictate what will be your final outcome. Be proactive, not reactive-
Message 4 of 16
Community Leader
Super Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Congrats on your approvals

Message 5 of 16
Valued Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Congrats on the approval!


Scores - All bureaus 750 +/-
TCL - Est. $250K
Message 6 of 16
Valued Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Two great cards, congrats on both Smiley Happy.



;
Message 7 of 16
Senior Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Congrats on both approvals !!!

 

 

3-2019 / Fico 8 EX 802 , EQ 803 , TR 805
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 8 of 16
Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Nice!




Starting FICO-8 as of February, 2019:

Current FICO-8 as of April, 2019:




*Gardening until 2020



Message 9 of 16
Regular Contributor

Re: I Shouldn’t Have... But I Did - Chase & AMEX

Nice set of cards OP!!! Congrats on your newest editions! Looking good!

Message 10 of 16