Changing residence and new credit cards... (random question)

[Anonymous]

I am a renter (I prefer mobility) and I am moving within the same zip code at the end of this month.  I also have a goal of getting a Chase or Citi card with 1 year + 0% promotion by the fall.  I am currently sitting on a 704 EQ Fico, 23% util, 2 inq on my account (one is new landlord) and a new acct in Jan (upgraded Walmart to Walmart Discover).  My concern is that once I move Citi and Chase will not be interested until my residence has been at least 1 year, previous residence was over 2 years.

So should I try for a Citi or Chase now, because they will not like my move this fall (hope to have a 720 by fall); or will it honestly not matter this fall and I should be patient and wait?  The logic goes like this, if I will have to wait for one year anyways, I may as well try now, since the inq will be off my record by the time I have been at the new place for a year anyways...

[pizzadude]

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@Anonymous wrote:

I am a renter (I prefer mobility) and I am moving within the same zip code at the end of this month.  I also have a goal of getting a Chase or Citi card with 1 year + 0% promotion by the fall.  I am currently sitting on a 704 EQ Fico, 23% util, 2 inq on my account (one is new landlord) and a new acct in Jan (upgraded Walmart to Walmart Discover).  My concern is that once I move Citi and Chase will not be interested until my residence has been at least 1 year, previous residence was over 2 years.

So should I try for a Citi or Chase now, because they will not like my move this fall (hope to have a 720 by fall); or will it honestly not matter this fall and I should be patient and wait?  The logic goes like this, if I will have to wait for one year anyways, I may as well try now, since the inq will be off my record by the time I have been at the new place for a year anyways...

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I don't think that your time at residence is used for approvals so much as it is used to verify who you are.    They might want to see bills/statements to prove that you live at your residence but I don't think you would be outright rejected because you lived somewhere for a short period of time.

[Anonymous]

If time of residence were a case, I'd get denied everytime.

I move every year, and it hasn't stopped me from getting the Freedom/BCE/More/Hyatt in the last year.

It's a verification thing, more than anything else.

I do think that it's interesting that credit bureaus will show you willingly, what your town's average FICO score is though.

[Anonymous]

Well I did a little more research and read that Citi likes to use length of residence or job as an excuse to reject someone, so I just applied for a thank you visa.  They approved me for a 0% 15 months, 12.99% after that, $6000 CL and they said my EQ was 716...

This is the highest initial CL I have gotten since I started rebuilding my credit after my divorce, I am very happy

Guess I will be gardening for the rest of the year...

[Anonymous]

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@Anonymous wrote:

This is the highest initial CL I have gotten since I started rebuilding my credit after my divorce, I am very happy

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Happy for the divorce or the card? Just kidding.

Grats on the card!