Lowe's Card Approval Chances

[BearWebb85]

Hello all I close on my first mortgage today, I sign the closing paperwork at 4pm today and take ownership of the house!  I was thinking of applying for a Lowe's Card as I need to purchase a refridgerator.  You can see my credit scores in my signature below.  Here is what is on my credit report:

3 Paid CO's from 6 years ago

2 Current Credit Accounts that have never been late: Capital One (CL$200) & AU on Discover (CL$12,000).

1 Student Loan never late

1 Personal Lon never late

AAoA of 6 years 3 months

Think I have a shot at getting approved?  Also, any other cards I might have a chance at being approved for as I may do a mini app spree and then garden to increase my scores.

[BearsAndTurtlesRtheBest]

Your chances of approval look pretty good. Are you looking into store cards, or any specific bank?

[IWOL]

I would say your chances  of being approved are good. I got my Lowes card in February with a TU Fico of 670.  They gave me a starting limit of $650. After the 3rd statement and a good amount of use they increased  my limit to $5K. My fourth statement since my first increase cut yesterday and I hit the love button and limit was increased to $8500 today.

[sccredit]

If you're looking to have a sufficient credit limit to cover the fridge you'll need to apply uin store.  Find the fridge you want, tell the rep as he/she is ringing it up that you're interested in financing it.  

[BearsAndTurtlesRtheBest]

Congrats on the CLI IWOL, and yes Lowes CL grows quickly so dont be dissapointed if you get a low initial CL, some have called rigth away and explained that the purchase their going to do will not cover with the CL provided and have had success. 

[BearWebb85]

Thanks for the information.  Also, I am thinking of doing a mini app spree after closing to get some credit cards in the garden.  Given my information above any suggestions?

[BearsAndTurtlesRtheBest]

Depends on what type of rewards your looking for either Gas, groceries, traveling, cash back, points etc. also need extra info like how many inquries, aaoa, and any BKs, collections? 

[ssdc1980]

I would go for a BOA card. From what I've read it looks like a card that will grow with you quite nicely. Plus the 123 rewards aren't to bad for a basic rewards card.

[ssdc1980]

Oh and I think you'll be good to go on the lowes card. But I definitely agree with sccredit, apply at checkout to hopefully boost the starting cl.

[Anonymous]

My DH was approved for his Lowe's card when his scores were in the low 600s, so I think that your odds are pretty good. I'd also recommend apping in the store when you're ready to make a purchase. Congrats on the new house, and good luck with getting the card.