Wells Fargo Propel Card Approved! What's next?

[Anonymous]

Greetings all,

I am fairly new to the credit world. By new, I mean I don't have a FICO score yet. I got approved for my first credit card in november of 2018. I had turned 18 in September of 2018 and I wanted to build up my credit score. I was approved for $300 line and I got my first tu/eq score of 670/670. In Janurary of 2019, I had a score of 672/672 and I went into Wells Fargo and applied for the Propel card. I got approved for a $2,000 limit.

I think I got approved because I have a checking account which is tied to my dad's account who has a lot of money with wells and has been with them for 40 years. However, the card was completely in my name. After getting reported, my scores jumped to 711/705. I ended up getting the 30k bonus in less than 2 months. Now I am at 713/707.

Once I get my fico score, I think I am going to go after another card to get ready for college (I am a senior in high school) Anybody have ideas? I want to stay away from the annual fee cards for now, but I am looking at the discover student card or the wells cash wise card. 

[JR_TX]

Congrats on starting your credit journey well! Once you get your FICO scores, look nowhere than Discover and Amex! Both are friendly to thin and young files!

[Anonymous]

Congrats on your approval !!!!!

[Anonymous]

Awesome looking card and one of the best no AF cards out there! And it is METAL!!! 

Good luck on your journey and if I were to offer my 2 cents...don't spend more then you can afford when it comes to getting sign up bonuses. Meaning don't go into unreasonable debt just for a couple hundred bucks.. anyways. Congratulations!

Cheers!

[Marz2002]

YOU...

CONGRATS on your Approval and Welcome to the FORUMS!!!

[Petit3tee]

It’s very smart of you for establishing credit history at a young age. My only recommendation for you is to aim for Chase before anything else if you could because of their 5/24 rules (if you opened 5 new cards in 24 months, you’re out and the only option left is to wait). Congrats and good luck!

[Anonymous]

Which chase card would you recommend? 

[LittleSal]

Congrats!!

[xaximus]

Congrats on the approval! I would look into Discover or AmEx. I would not look into Chase as of this time simply because you have a very thin file and Chase does not like thin files. They prefer someone with atleast 1 year of AAoA and some established history with other cards.

[Petit3tee]

I’d recommend the freedom unlimited since it doesn’t come with an annual fee. I was approved for a chase credit with a thin credit profile so I’d say it’s possible or you can wait it out a little just to be sure. Anyway best of luck!