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Too soon for new card? Update: Approved

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Frequent Contributor

Too soon for new card? Update: Approved

I'm pre approved for Discover it, but i just got my 2nd card ever with a SL 1500, TCL 3000. Oldest card is about 15mo, newest is 0mo. Closed auto shows as 11year oldest account. EX8 was 744/764 when I was approved for Propel, haven't checked since the HP.

I can meet my WF Propel SUB naturally and put enough through it to show worthy of CLI. And I can also make enough through Discover it miles match (with the rest of my spend that doesn't accept Amex) this year that it would be worth it financially, again natural spend.

Is my history too young? I have until Feb to decide so the INQ won't affect future mortgage app, otherwise I won't be making any CC apps for 2years

I don't _need_ this card, but I have the itch and want to amass my empire of rewards. Pull the trigger?




Goal: Mortgage/Chase Trifecta




Message 1 of 18
17 REPLIES 17
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Community Leader
Super Contributor

Re: Too soon for new card? preapproved

You need 3 cards for maximum scoring boosts so if you're pre-approved, why not?







Message 2 of 18
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Frequent Contributor

Re: Too soon for new card? preapproved

I thought it was 3 accounts total and my closed auto filled that? Or is it supposed to be 3 open to maximize score?



Goal: Mortgage/Chase Trifecta




Message 3 of 18
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Established Contributor

Re: Too soon for new card? preapproved

3 open revolving accounts.

I say go for it.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome, IT
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Delta Gold, Amazon Prime, Simply Cash Plus
Message 4 of 18
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Community Leader
Super Contributor

Re: Too soon for new card? preapproved

3 open revolving and 1 open installment







Message 5 of 18
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Frequent Contributor

Re: Too soon for new card? preapproved

Well I did the deed! Approved 2k. Highest SL to date. Can't wait to see if they used my SP from checking my score through them before I app'd Propel instead of hitting me with a HP.

Now I can sit back and relax until it's mortgage time! Thanks for enabling me you guys lol



Goal: Mortgage/Chase Trifecta




Message 6 of 18
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Moderator

Re: Too soon for new card? preapproved


@Nomad3 wrote:
Well I did the deed! Approved 2k. Highest SL to date. Can't wait to see if they used my SP from checking my score through them before I app'd Propel instead of hitting me with a HP.

Now I can sit back and relax until it's mortgage time! Thanks for enabling me you guys lol

Sweet, enjoy it Smiley Happy

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 7 of 18
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Valued Contributor

Re: Too soon for new card? preapproved

Congratulations!



Message 8 of 18
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Frequent Contributor

Re: Too soon for new card? preapproved

Congratulations on your new account!








Message 9 of 18
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Regular Contributor

Re: Too soon for new card? preapproved

Congrats !!
Message 10 of 18
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