BCE vs Everyday card?

[Anonymous]

Thinking of applying for Amex. I understand about the categories and cash back etc. Other than that what are the difference between the BCE and ED card? Would I possibly get a bigger limit with one or the other? And do you think they might like my profile enough to approve me?

Current fico TU 688 EQ 696 EX 664(has yet to update with new credit info I.e: CLI's, paid balances,etc.)

1 collection charge off paid a year ago ($500 GTE FCU) went over 120+ days late on it account closed. PIF to CA

Oldest account 8 months

Capital bank installment(credit builder) loan $1100 Feb '17

Open sky secured card $400 Feb '17

Capital one May 17. $500. (CLI from 200 to 500 October '17)

Dillards $1000 July '17

Wal-Mart $5000 as of Nov '17 (SL $200 July '17)

FICO 08 02/6/17 TU 533 EQ 512 EX 522

[Anonymous]

BC - cashback

ED - MR

I don’t think one merits a higher limit than the other based on the card. IMO they are both “starter” AMEX so to speak w/o AF. 

Will they like your profile enough to approve you? Have you burned them in the past or iib? Did you check the pre-approvals? 

[K-in-Boston]

The cards are pretty much identical other than cash back vs Membership Rewards and the multiplier available on the EveryDay for number of swipes. Your Experian score and stats would be a big maybe. I agree that you should try the prequalifier.

[Anonymous]

The only site I'm ever pre approved on is Discos new site. Never amex chase citi or anyone else will pre app me. I think at one point a year or two ago I "opted out". Since then I have "opted in" multiple times online. Still don't understand why I won't get pre approvals though. Pretty new to credit so i just don't understand what those points are good for but thanks for clearing that up. Other than that no ive never burned anyone or anything. I'm 23 years old. New to credit other than the one credit card that I messed up over a year and a half ago when I didn't understand what the repercussions were. 

[Anonymous]

Thanks K. Check up about pre approvals 

[Anonymous]

If you are receiving true Discover approvals, you are opted in. 

So you may not be eligible yet, but don’t give up. 

I would check Cap1 again for the QS1 to see if you qualify for another card. You can then combine your current card to get a higher limit. 

As far as MR vs CB...kudos to you for being honest about not knowing the difference. A lot of times peeps get cards without knowing if they would actually “work” for them. 

Just based on that, I think BC would be better for you. Who does love cashback? 

MR are mostly for travel points. There are other ways of redemption as well,  TU seeing as your “new”, I would stick to cash. 

[Anonymous]

Thanks. That's all I ever see posts about is travel points which I never travel. At least by air. I think I'm gonna try for discover and amex next week once my scores are all updated as best as they can be at this time for now. I see a lot of people have luck with amex and discover with thin profile. Just didnt know which card to go for. I think it's worth the cold app, will find out soon enough. Fingers crossed. Thanks again 

[K-in-Boston]

My advice would be to wait a month to let your CLIs and balances report. If you can, try to let a small balance of around 1-8% of a credit line report on your statement (not carrying a balance, just from normal spend during the month) and pay the other cards to zero (either don’t use them or pay your charges off before the statement closes). See how that boosts your score. With the credit line on your WalMart card and a little patience you should be ready for prime cards very soon.

[Anonymous]

Yeah I was thinking they would update in a week or two. Although Cap1 hasnt updated anything for me Since Aug 26th so I kinda gave up on them anyway on reporting. But yes I'm gonna try the AZEO method as suggested by ABCD's thread. (I usually PIF anyway). Thanks for the help y'all 

[Anonymous]

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@Anonymous wrote:

Yeah I was thinking they would update in a week or two. Although Cap1 hasnt updated anything for me Since Aug 26th so I kinda gave up on them anyway on reporting. But yes I'm gonna try the AZEO method as suggested by ABCD's thread. (I usually PIF anyway). Thanks for the help y'all 

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DO NOT give up on Cap1 reporting, it is critical that they report the right information.  You're scores and future approvals depend on it!  Many here have had issues with Cap1 not reporting. Call them and tell them to make sure they report on your next closing statement.  I did that and they just reported yesterday, I paid off my card ($16k) and finally reports $0.