Once she has about a year of her own credit, have her try disco and amex again. Chase will need minimum of 12 months usually, but their problem is they hard pull for increases, so it's better that she builds some history to get a higher starting limit with them in the first place. I'd probably wait 1 1/2 years of more before going for them.
@wasCB14 wrote:
@Brian_Earl_Spilner wrote:Once she has about a year of her own credit, have her try disco and amex again. Chase will need minimum of 12 months usually, but their problem is they hard pull for increases, so it's better that she builds some history to get a higher starting limit with them in the first place. I'd probably wait 1 1/2 years of more before going for them.
...and the 6 AU accounts (with YMMV exceptions) count towards 5/24.
HP for CLIs, yes...but SLs can be good and reallocation is easy.
Chase requiring 12 months is also YMMV, though. I know they sometimes give checking/savings customers a card without any credit history.
The AU accounts can be removed from a report depending on who they are.
SL can be good for someone with no history. Can't reallocate if she doesn't have more than one which means another 6 months for the second card.
12 months is pretty standard. Are there outliers? Yes, but not many. Chase doesn't care about relationships so a checking/saving won't help. Those people are just anomolies.
If she's desperate, CreditOne has a credit building CC. I don't highly recommend them as the CL's are low and she'll eventually outgrow it. https://www.creditonebank.com
Probably sucks to hear this, but she needs time to age her accounts. Disco & Amex in 6-12 mos sounds like a good plan.
Stop applying for credit. She's getting denied. Come up with a strategy.
Have you reviewed the denial letters with her? What are the cited reasons for denial?
If she's new to credit, have you actual checked to see if she has FICO scores generated?
How long ago was the BoA denial? If BoA app was recent, I would suggest going in branch or call csr and see if they can recycle the hard pull. They can counter with secured card. They offer $99 deposit for $500 credit line. BoA can graduate early and offers soft pull credit limit increase.
Have you reviewed the denial letters with her? What are the cited reasons for denial?
If she's new to credit, have you actual checked to see if she has FICO scores generated?
How long ago was the BoA denial? If BoA app was recent, I would suggest going in branch or call csr and see if they can recycle the hard pull. They can counter with secured card. They offer $99 deposit for $500 credit line. BoA can graduate early and offers soft pull credit limit increase.
