@armbenderc wrote:
@1hardinquiry wrote:680 CK score and they recommend the Chase Freedom.
I actually received an invitation for the Freedom Visa a couple days ago.
No Inquiries according to CK but last card approved for was Discover More in August or September with 2,500 CL.
I have a car loan at 3k.
Util is high on Discover card. Close to 80%.
I am an AU on a Walmart CC that is (thankfully?) showing a limit from a few months ago. 700 CL. No balance.
The card I'm an AU on just recently had an increase to 2200 but has a balance of 1k.
If it's going to update, it'll be on the 19th or 20th.
My question: I'm wanting to apply with my invite for the Chase Freedom Visa.
I also have a Cap1 Furniture Row card I paid off a couple days ago. Limits 1200.
The statements cut on the 15th/16th.
It'll report at that time 0 balance, still 1200 limit. This card doesn't do CLI's, so I thought of that already to increase util.
But at least if I apply after the zero balance updates and before the Walmart Card I'm an AU on does on the 19th/20th,
my util will drop to 50% down from 68%.
When should I app for the Chase Freedom? I'd like to if my reports get updated with the zero balance from my Cap1 Furniture Row card,
and also want to app before WM reports the new limit and balance.
Total credit: 2500+1200+WM's 700=4400
Balances: Discover 2100 and that's all once Cap1 reports zero balance. Before they report-balance is $598.
47% util if I apply after zero balance reports. 61% if I apply before it reports.
Total credit (if applying and IF WM updates report to new limit and balance): 5900
Balances: Discover 2100, WM reports 1200 of 2200 limit, Cap1 $0
55% util if I apply after Cap1 reports 0 balance AND if WM updates after 19th.
So if anyone can recommend what to do, I would appreciate it!
You can apply if you want. If denied, call for recon and tell them that you want to take advantage of the 0% BT.
I think it's better if you pay down your UTIL, then apply. It's up to you.
EDIT: I think I got approved (recon) with 50-60% UTIL. Told them I want BT and they also raise my CL to be able to use card and enjoy 0% apr after BT.
this sadly didnt work for me . i mean i didnt recon, but i apped over the phone, and said id like too bt 2k from best buy, and they only gave me a 500 limit.
they also dont take store cards into effect just an fyi.
