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.
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?
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.
IMHO, your SO should not apply for anything until that UT is <28.9%, even better if <8.9%.
Thank you all she is going to hold off for a bit.
Interesting about the buyout though I will let her know that!