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Is applying for a new card a good idea?

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New Member

Is applying for a new card a good idea?

I’m 19 I got my first credit card a year ago. A Cap1 platinum unsecured with a SL of $300 and got auto CLI’s up to 1k. My scores are 740 FICO and 703-709 TU and EQ. I have two inquiries from last year (2017)and by next year (2019) I would like to apply for the AMEX BCE or BCP And I wanted to know if that would be a good idea as I’m trying to build up my credit enough by July of next year to get a good deal on a car. As of now my approval odds for the BCE/P are “excellent”. But if there’s another card that would help build of my credit better/faster please let me know. Again looking to apply next year not this year. Thanks for the help. Also not worried about the AF on the BCP

Also I usually have high balances but I pay them in full
Message 1 of 4
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Frequent Contributor

Re: Is applying for a new card a good idea?

With your scores currently, I would go for Chase Freedom Card first. Glad to see you're planning/mapping out your credit route.



Current Scores 10/11/2019
TU 724 Inq 20, EX 699 Inq 15, EQ 743 Inq 8 -- UTL 4% FICO 9 757
[Previous] 10/05/2018
EQ F8 [696] 5 Inqs, EX F8 [666] 14 Inqs,
TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU Flagship $6K, Care Credit $20K, TFCU Platinum Visa $20K, DCU Rewards Visa 10K, USAA Platinum Visa 6K, Costco Visa $7.5K, NFCU AMEX $15K, Citi Rewards+ $16,800, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $15k, ExxonCard $1500, PenFed Visa Sig $10k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $3900, Amex Cash Magnet $1500, Amex Bonvoy 2K, BarClay Arrival $2k, DiscoverIT $16k, AmazonCard $6000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $25K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 2 of 4
New Member

Re: Is applying for a new card a good idea?

Thanks for the tip. Forgot to mention I just upgraded today to a quicksilver
Message 3 of 4
Super Contributor

Re: Is applying for a new card a good idea?


@JamieLauries wrote:
I’m 19 I got my first credit card a year ago. A Cap1 platinum unsecured with a SL of $300 and got auto CLI’s up to 1k. My scores are 740 FICO and 703-709 TU and EQ. I have two inquiries from last year (2017)and by next year (2019) I would like to apply for the AMEX BCE or BCP And I wanted to know if that would be a good idea as I’m trying to build up my credit enough by July of next year to get a good deal on a car. As of now my approval odds for the BCE/P are “excellent”. But if there’s another card that would help build of my credit better/faster please let me know. Again looking to apply next year not this year. Thanks for the help. Also not worried about the AF on the BCP

Also I usually have high balances but I pay them in full

One card is as good as another for building your credit, so you should just pick the card that would be most useful to you.


Total revolving limits 639500 (558000 reporting)
Message 4 of 4
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