Maurice's Credit Card

[Anonymous]

Hello all!

So my SO is thinking of applying for a Maurice account and I wanted some thoughts.

She has a Kohl's in good standing and both are Cap 1. She has one recent inquiry for a student loan and then her others (2 others) are over a year out. She does have a fico in the low 700 with one card at like 92% utilization. No derogs.

The question is what do you think approval odds are or should she wait until Dec to have a few inquires drop off?

[Aim_High]

How is her Debt-to-Income ratio? 

The thing that most concerns me most is that high utilization of 92%.

Depending on other debts (car loans, mortage, student loans etc.) versus her reported income, they might consider her overly stressed.

For a store credit card, I would think her FICO would be fine.

They tend to be a little more relaxed for those.

Three inquiries should not be a problem either. 

Overall, I think she would be fine to apply now as long as DTI is not a concern.

[wasCB14]

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@Anonymous wrote:
Hello all!

So my SO is thinking of applying for a Maurice account and I wanted some thoughts.

She has a Kohl's in good standing and both are Cap 1. She has one recent inquiry for a student loan and then her others (2 others) are over a year out. She does have a fico in the low 700 with one card at like 92% utilization. No derogs.

The question is what do you think approval odds are or should she wait until Dec to have a few inquires drop off?

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Ascena sold a majority stake of Maurices to OpCapita a few months ago, so hopefully Maurices should at least continue to operate (with some store closures, perhaps) in the very possible event Ascena goes bankrupt. I don't know much about OpCapita or its finances.

I don't know Maurices well, but in the absence of a bonus I would want a bit more visibility about a retailer's future before I got a store card.

[CreditInspired]

IMHO, your SO should not apply for anything until that UT is <28.9%, even better if <8.9%. 

[Anonymous]

Thank you all she is going to hold off for a bit.

Interesting about the buyout though I will let her know that!