Apply for card now or wait until collection item is removed? Which card?

[Anonymous]

Hey thanks again - sorry I'm just getting back to this...

The bad item is $712 from a medical bill last year that went to collections. I paid the amount in full about 3 weeks ago, so I"m hoping it will get erased from my EQ score soon. I am 33 years old. 

Capital One Offers: 

Quicksilver Rewards: 0% APR for 9 months, 18.49% variable after that ($100 bonus w/ $500 spend)

Venture Rewards: 18.49%variable (40k bonus miles w/ $3k spend)

Chase: Unable to locate any offers at this time

I do like to travel, but it has been mostly domestic aside from a trip to Cosa Rica last year. I am supposed to attend a wedding in Dominican Republic in September which I have not yet booked. Also, I just started a new job which could have me potentially traveling to Europe a couple times a year. 

Let me know your thoughts! Cheers!

[bourgogne]

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@Anonymous wrote:

Hey thanks again - sorry I'm just getting back to this...

The bad item is $712 from a medical bill last year that went to collections. I paid the amount in full about 3 weeks ago, so I"m hoping it will get erased from my EQ score soon. I am 33 years old. 

Capital One Offers: 

Quicksilver Rewards: 0% APR for 9 months, 18.49% variable after that ($100 bonus w/ $500 spend)

Venture Rewards: 18.49%variable (40k bonus miles w/ $3k spend)

Chase: Unable to locate any offers at this time

I do like to travel, but it has been mostly domestic aside from a trip to Cosa Rica last year. I am supposed to attend a wedding in Dominican Republic in September which I have not yet booked. Also, I just started a new job which could have me potentially traveling to Europe a couple times a year. 

Let me know your thoughts! Cheers!

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np, offers are good, is there a chase branch near you? 

[Anonymous]

I got good news!! I received an email from EQ yesterday notifying me that my dispute went through and the $712 was removed from my EQ report! According to Credit Karma this boosted my EQ score by 66 points up to 730!  

Credit Karma Scores: 

TU: 729

EQ: 730

CreditCheckTotal Scores: 

TU: 784

EQ: 661 (have not updated since the collections was removed)

EX: 770

I'm really curious to see what my real EQ score is from CCT, however I'm not eligible to run another report until tomorrow - and my 7 day free trial expires tomorrow, so I was planning to call to cancel today. Burgogne you're saying that I will still be able to log into my account tomorrow to run a new report even if I call and cancel today? 

In regards to Chase - yes there are several branches in my area. Do they sometime give additional offers in-person at a branch? I'm hoping this bump to my EQ score may open up some new options for me. I'm just super excited finally have all 3 scores in the 700's! 

[bourgogne]

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@Anonymous wrote:

I got good news!! I received an email from EQ yesterday notifying me that my dispute went through and the $712 was removed from my EQ report! According to Credit Karma this boosted my EQ score by 66 points up to 730!  

Credit Karma Scores: 

TU: 729

EQ: 730

CreditCheckTotal Scores: 

TU: 784

EQ: 661 (have not updated since the collections was removed)

EX: 770

I'm really curious to see what my real EQ score is from CCT, however I'm not eligible to run another report until tomorrow - and my 7 day free trial expires tomorrow, so I was planning to call to cancel today. Burgogne you're saying that I will still be able to log into my account tomorrow to run a new report even if I call and cancel today? 

In regards to Chase - yes there are several branches in my area. Do they sometime give additional offers in-person at a branch? I'm hoping this bump to my EQ score may open up some new options for me. I'm just super excited finally have all 3 scores in the 700's! 

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looking good!  I get a trial and cancel all in <5min.  then I run it 2-3x at the 7 days end and in 10 days use the same login and get another $1 trial or wait for when I want scores again.  tell me again, why dont you want to get a csr?  I have had 4 people I know get it this week, one woman - long story - has an ex of 633 and got $22K.  another friend got $58K but he has a perfect life lol

[Anonymous]

Thanks again! I will call and cancell my CCT membership now and plan to follow your method to check again tomorrow. 

Excuse my ignorance - whats CSR? Chase Saphire Reserve? 

I'm not too familiar with that card, although the 50k bonus miles ($750 value) and 3x on restuarants is enticing. The $450/annual is pretty steep though. 

Would I be best to go into a Chase branch to see what they offer? 

[bourgogne]

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@Anonymous wrote:

Thanks again! I will call and cancell my CCT membership now and plan to follow your method to check again tomorrow. 

Excuse my ignorance - whats CSR? Chase Saphire Reserve? 

I'm not too familiar with that card, although the 50k bonus miles ($750 value) and 3x on restuarants is enticing. The $450/annual is pretty steep though. 

Would I be best to go into a Chase branch to see what they offer? 

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right.  its 100K in the branch until sat - if you have an interest go to the branch, the banker will input your dl# and ssn and if you see a pre-approval for a csp there is a good chance you will get a positive result if you do csr app.  there is a $ 300 airline credit 2x a year so you can actually make $ if you fly or stay in a hotel once in a while.  urber and meters also can kick off the credit.  $ 100 towards global entry.  I think its the best card in the history of cards but everyone has different needs.  I dont like to pay for flights, that is my need haha

[Anonymous]

I think I'll go to Chase at lunch today! Will they do a HP or SP on my credit for the approval? I'm assuming SP for approval then HP if I sign-up?  

So you're saying the CSP is easier to get, but if I'm approved for that then I may also get approved for the CSR? 

I'm a little confused on how the Travel Credits work. Does this mean that any time I make a purchase from the travel category, that I will see a credit show up on my account for the same amount (up to the first $300 annually  - may take 1-2 months for credit to be applied)? 

Adding that $300 credit on top of the $750 value of travel miles I can see why this card is a favorite. I am not currently PreCheck either, sot hat $85 credit is nice too.

That $450 annually though....

[bourgogne]

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@Anonymous wrote:

I think I'll go to Chase at lunch today! Will they do a HP or SP on my credit for the approval? I'm assuming SP for approval then HP if I sign-up?  

So you're saying the CSP is easier to get, but if I'm approved for that then I may also get approved for the CSR? 

I'm a little confused on how the Travel Credits work. Does this mean that any time I make a purchase from the travel category, that I will see a credit show up on my account for the same amount (up to the first $300 annually  - may take 1-2 months for credit to be applied)? 

Adding that $300 credit on top of the $750 value of travel miles I can see why this card is a favorite. I am not currently PreCheck either, sot hat $85 credit is nice too.

That $450 annually though....

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if you go to reddit there are dedicated discussions about it.  if used to the max the 104K can translate to ~$2200.  the csp is to me a sure fire indicator of a csr approval.  one used to be able to get a pre-approval for the csr but that went away in jan.  its $ 150 not $ 450 if you can cover the $ 300 in a flight or hotel.  I dont have the time to get into it but if your profile supports it and you travel its sort of a no-brainer imo.  to be transparent I think chase cards are the only cards that matter, I dont use any of my other cards anymore.  good for padding but that is about it.  again my .02

[Anonymous]

I truly do appreciate all the input and feedback. I'm reading over the Reddit page now on the CSR and planning to go to the Chase branch in a little bit to see if I get approved for the CSP in which case I'll be applying for the CSR. The ability to double-dip the $300 travel credit is the deciding factor. 

Would you plan to keep the card after year 1 or downgrade to something else? 

[bourgogne]

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@Anonymous wrote:

I truly do appreciate all the input and feedback. I'm reading over the Reddit page now on the CSR and planning to go to the Chase branch in a little bit to see if I get approved for the CSP in which case I'll be applying for the CSR. The ability to double-dip the $300 travel credit is the deciding factor. 

Would you plan to keep the card after year 1 or downgrade to something else? 

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if you don't fly or hotel it might not be the right fit for you. I generally don't get cards with the purpose of burning or downgrading so I will be keeping mine.  if a 2x $300 is the factor then it sounds like this is not the card for you.  match the tool to the job