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@Shooting-For-800 wrote:Cap One QuickSilver would be my choice.
Check the prequal site.
Thank you for your input, I actually did attempt to pre-qualify for Cap1 but received this message
Looks like we can’t provide you with any pre-qualified results. Any chance you’ve opted out of prescreened credit card offers? If so, no problem! Based on your answers, we think you’ll like these
1Quicksilver® Rewards – NO ANNUAL FEE
Earn unlimited 1.5% cash back on every purchase with the Capital One Quicksilver® Visa®.
Earn a one-time $150 bonus once you spend $500 on purchases within the first 3 months from account opening.*
Purchase APR
0% intro APR for 9 months; 13.99% to 23.99% variable APR after that
Transfer Information
0% intro APR for 9 months; 13.99% to 23.99% variable APR after that; 3% fee on the amounts transferred within the first 9 months
SavorSM – NO ANNUAL FEE
Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases with the Capital One SavorSMMastercard®.
Earn a one-time $150 bonus once you spend $500 on purchases within the first 3 months from account opening.*
Purchase APR
0% intro APR for 9 months; 15.49% to 24.49% variable APR after that
Transfer Information
0% intro APR for 9 months; 15.49% to 24.49% variable APR after that; 3% fee on the amounts transferred within the first 9 months
VentureOne® Rewards – NO ANNUAL FEE
Earn unlimited 1.25 miles per dollar on every purchase with the Capital One VentureOne®Visa® card.
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.*
Purchase APR
0% intro APR for 12 months; 12.99% to 22.99% variable APR after that
Transfer Information
12.99% to 22.99% variable APR; No Transfer Fee
@K-in-Boston wrote:
@Shooting-For-800 wrote:Cap One QuickSilver would be my choice.
Check the prequal site.
OP did not have a prequalification from CapOne. A QuickSilver approval would be more likely than not, though. I'll refrain from any disparaging remarks about CapOne. I know they treat some customers (you, for example) well.
ANY INSIGHT OR ADVICE ON IF I APPLY FOR 3 CARDS CAP1QS CHASESPB AND AMEX ON SAME DAY WHAT ARE MY APPROVAL ODDS MIGHT BE AND WHAT WILL IT DO TO MY CREDIT SCORE?
If you were to do those three, I would apply in this order: Chase, Amex, CapOne. Chase can sometimes pull two bureaus but they are usually the most inquiry-sensitive of the three, so not having pulls showing for the others would be ideal. Amex is generally not inquiry sensitive and should only pull Experian. CapOne is somewhere in the middle, but they will pull Equifax, Experian, and TransUnion.
QuickSilver I would think is a near-guarantee. If you're going for the Sapphire Preferred I think using the prequalified link you have a good shot, but for the third time I'll state the usual caveat that they like to see larger lines from other lenders. Your scores are great and you have no very recent accounts, so it would not at all surprise me to see you approved for $5-12k. It does happen and their prequalifications are usually rock-solid. If you were to go for Freedom or Freedom Unlimited, those would be near-guarantees. The Amex Blue Cash or Blue Cash Preferred I would say is as sure a thing as it gets in the credit world.
As for scores, it's a mixed bag. You will likely lose a couple of points due to the inquiries. You may lose a couple dozen points when the accounts report to the credit bureaus due to new accounts showing and a lowering of your average age of accounts. (Amex usually does not report until the 2nd or sometimes 3rd statement closing date so you have time there.) However, you should also get points for having 3 or more revolving credit cards on your reports. And using the cards, you likely won't be reporting much in the way of utilization provided they're used responsibly. Everyone's profile is different, but I don't think your scores would plummet or anything. If you're not applying for a mortgage or auto loan in the next year, I wouldn't worry about it at all. The scores should rebound completely in about 6 months or so.
Edit: Another thing we've not asked, and we can understand if you don't want to answer... what does your income look like now as a student? The Chase Sapphire Preferred does certainly have a higher bar when it comes to income and we have seen denials here for income not being sufficient for the CSP and CSR cards. For Amex and CapOne that shouldn't be disqualifying assuming that it's not super low.
I'm wondering how he should handle the income portion of the apps. Since he's graduating in May next year if he perhaps has a job lined up that would help with that. Applying with current student income won't really be an issue for two of the cards but the Chase one if it's the CSP can be tricky like K mentioned.
As others have pointed out I do think the OP should be careful when apping for Chase as it could be risky. While the OP's credit scores are undoubtedly above average to excellent, the file is thin and existing CL is low. Chase as some have noted before have shown in the past that they do not necessarily like being the first to issue someone with a high limit TL. Also there's the fact that underwriters look at more than just scores when granting initial CLs, someone may have the best scores in the world but very little income and thus end up with very low initial limits. Yes, the scores can get apps approved but income and assets also factor greatly into what CLs to grant and it's important to keep that in mind.