0% APR Card? Chase? Amex?

[amclaughlin42]

So I need to do some credit work, but I want to have cards in mind to work towards. I just bought a house, so I have some inquiries, but some are getting removed soon, and I will be under chase 5/24 rule. But I am open to hearing other options. I need high limit credit cards $10k or higher with 0% APR. I am aiming for a 720 or higher. 

I just closed on a house in april, and I got some recent cards, but I am back in the garden and wont be looking for any more credit until I go to apply for a higher limit card. I went from making $38k in 2020 to making $60k in 2021, getting another big company raise in a couple months, so by 2022, Ill be making around 80K. These recent credit cards helped tremendously. I plan to use the avalance method to pay them down. However to make the most out of my score, I need some guidance. AZEO Method, or just keeping them all accross the board under 10%? I want to add I know this will be 6 months to a year out atleast. DTI is high currently, but income is increasing and I am decreasing my debts. Any guidance?  Also any other cards besides chase cards? Currently considering Freedom Unlimited but if I have a chance at higher limit with a different card I will do it. My grandfather was in military so I could always do NavyFed. But I already bank with chase. 
Accounts:

Marinier Finance - $2694/$2988 $133 monthly

Citizen One Auto - $15777/17087 - $314 monthly

Ruoff Mortgage - $135K - $1002 monthly payment - We just paid our 2nd month of mortgage, so thats why the balance is high

Discover - Closed - $997/$4500 - $79 monthly (This was closed when I lost my job 5 years ago.)

WM Cap1- $200/$300 - $28 monthly 26.99% APR

QS Cap 1- $367/$500 - $25 monthly 26.99% APR (will be able to be paid off in 2 weeks.)

Credit1 AMEX- $315/$600 - $30 monthly 23.99 APR 

Avant- $197/$300 - $25 monthly 25.99 APR

Student Loans - Defered due to previous income, and pandemic. - I tried to recert them and they told me I wasnt able to at this time. 

[Remedios]

Unless you get super lucky with a CU, a jump from $600.00 to $10,000.00 is going to be a tall order.

Scoring improvents and income increase are great for you, but there is a lot more that goes into approvals (and SL determination) than those two. 

I can tell you right now that Chase won't make that leap right now, I'd wait with Chase application. 

Your best bet would be credit union that's "friendly" to rebuilders, and go from there. You mentioned NFCU, if you are eligible, go for it, but I wouldn't expect purse to open with their first card, though, anything is possible. 

[amclaughlin42]

Or I could do even 2 $5k cards. When I first obtained credit cards in 2014, I went from a $300 capital one card to $4k discover card, while thats a bit more reasonable. I plan to reapply with discover at some point and time. But given chases amazing cards, i really want to work with them as I already bank with them. I wouldnt consider myself in rebuilding mode. My TU score is a little off but I'd consider my 670 good credit. Not excellent but good. 

[unsungivy]

Start with seeking CLI increases on the cards you do currently have. They should be soft pulls (obviously don't do them with any that would be a hard pull), and can dramatically increase your credit scores by signifigantly lowering your utilization ratio, so won't toss you out of the garden.

Both myself and my husband got 15k starting limits when we opened USAA cards, since you mentioned your grandfather. For myself, it was my first USAA card and a new relationship with them, and I was building a new cards portfolio (I had 1 new card 6 months previous, discover with 9.5k limit), all my other cards were 10+ years older). My scores were around 750ish. Husband had had 1 previous USAA card with a low limit due to having 600ish credit on the only card they were willing to give him (he was happy to get anything). When he recently applied, they also gave him a 15k limit on the new card, with his scores around 770. So, I would say that 15k seems to be the go-to starting limit for USAA cards unless your credit still needs work. I opened a new BoA card the same day I opened my USAA card, also for a 15k limit, but I had a previous relationship with them (17+ year old CC).

[joltdude]

Folks are saying go for SP CLIs, but i don't see any cards where thats very likely to be possible in your signature...

You can do a combination of avalanche and percentage as well... but with your "newish" income, its tempting to say just avalanche as many cards as possible.... Chase likely isnt going to give much..  One option which is the suggestion of a Navy Fed card... which will likely not open the purse strings, but combining its limit/BT with paying off some of the cards...  is an option... if its not going to take much time, it might just be worth paying them off outright and not moving stuff around... 

Id go for AZEO at this point, let it settle out for a billing cycle or so, then app for a new card... Let your scores reap the benefits of paying stuff off and down,  your wallet seems to still be in rebuilder land... but waiting just a bit more might put you in a better position for a bit higher limits than now... and Navy might be a good gateway to that.. 

AS to 10k limits now.. Don't see it in the cards yet.. see more like 5k limits next... you need to do some housekeeping before youll get there IMHO... 

-J

[amclaughlin42]

This app won't be happeneing for 6 months or maybe more so my scores can reap the benefits of paying down cards. I am content with what I have now for now. But I know in that time I will want to grow to a better card. My discover will be off in 6-12 months and want to reapp with them but I am not sure if they would approve since I do have some negative history with them