I've had two other posts debating about getting a new travel credit card as my current lineup does not have any cards that I can rack up miles and hotel points on. I went on discovers pre-approval site because someone reccommended the discover it miles card. The site came back with pre-approvals for Discover It student Chrome for 15.24% APR(decent APR is tempting) and the Discover it Student cash back also for 15.24%. While these APR rates are really tempting and I have almost all of my student loans through discover and pay interest on them every month (I'm guessing they trust/like me a little) Neither of these cards offer me the travel rewards I seek. Next I have a mail offer from Citi for the AAdvantage Miles up card. While I am a frequent AA traveler, the APR is 22.24% (no range just solid number) I have a TYP with citi currently with a 15.74% APR and the SUB for the mileup currently is not nearly as good as the other AA cards. I made a few other threads about potentially apping for thr CSP but and worried my scores aren't enough to be approved and I really don't want to waste a HP for nothing. I also was reading about the Wells Fargo Propel for travel seems to rack up points nicely but I've never banked with them and not sure about their reward system. I fly American and United the most, but also fly some cheaper airlines when possible (spirit offers $48 flights to orlando I can't refuse) so in honestly I think the AAdvantage would be too airline specific for me. I also was looking at the Amex hilton honors aspire card for the hige SUB it's offering and because I love AMEX and how they've treated me over the years. Others have recommneded platinum but I think that is too high level for my current scores and thin profile. What do you guys think?
*****EDIT I did the free trialf for 30 days from experian.com to see all 3 agencies******
EX Fico 8: 756 as of 06/15/19
EQ Fico 8: 749 as of 06/15/19
TU Fico 8: 733 as of 06/15/19
With all this and my cards listed in my signature what are my approval chances for the following cards (I ranked them in order of what I want most) I would be happy with any of these cards to be honest all hit different perks for me so I'll probably end up apping for the one you guys think I have best chances with:
Chase Saphire Preferred
Capital One Venture
Amex HH Aspire
Wells Fargo Propel
I'm pretty confident Amex would happy to give you a platinum with those scores and your history with them.
I'm not in a position to answer about the others, but Amex's charge cards don't require fantastic credit scores (and yours are pretty good).
Your scores are fine. What's the tricky part is when you accumulated the INQ's and if they were approvals that are now listed on your reports.
You already have 5 cards which is more than enough to get/keep high scores.
You mentioned being in school and fluctuating income which makes it harder to go for a bonus w/o eating into it with interest expenses if you can't pay in full.
Airline specific cards don't offer the best earn rate overall but do when using them directly for airfare.
So,, you want points / miles for travel? The best option is to go for UR (Chare) or MR (Amex).
Chase Saphire Preferred - earns UR at a slgitly higher rate than CFU and allows you to transfer the points through their portal to airline partners
Citi Prestige - earns TYP's which aren't as valuable or easy to use, they don't transfer (captive portal)
Capital One Venture - It's cap1 and they're useless... you accumulate points and erase travel purchases with them... nothing special
Amex Platinum - you earn MR's but, you have a $550 AF attached to it.... unless you're traveling ALOT it doesn't make sense... maybe in the future after school.
Amex HH Aspire - earns hotel points... is this really what you're aiming for?
Wells Fargo Propel - earns points and recently changed to allow to erase purchases instead of being restricted to $25 increments.
For what your goasl are I would probably say go for:
Propel to diversify your lenders, easy $300 bonus
CSP is a good stepping stone w/ a lower $95 AF than Platinum.... the only issue I see is your current $500 CL with Chase... then again depending on where you 5/24 count lands it's possible to get an approval for the min $2000 CL
For MR's with a lower AF and some bonus look at the ED or EDP in incognito mode as they typically have a 20K or 30K bonus attached to them and ED is $0 AF and EDP is $95 AF
Then check out the list of rewards cards over here for other potential matches. Keep in mind each lender has specific criteria where if you app for one thing it starts a clock where you have to wait to qualify for an additional bonus.
An easy way to count is either open a free account w/ Experian (includes your Fico 8) or CK https://www.creditkarma.com/myfinances/creditreport/#accounts sort by date. CC's are what you're counting back 2 years on.
Yeah I have a free experian account showing all 3 agencies. Ignoring student loan account openings here's the order
1) Cap one opened 06/28/2016
2) Amex opened 01/01/2017
3) Chase opened 01/27/2017
4) Citi opened 02/01/2017
5) Amex AU opened on 08/17/18
That's it for credit card accounts being opened. As for Inquiries I was mistaken
EX: 10 inquries total 02/08/2019 for FNB Omaha (I have no clue what this inquiry is I never applied for it and will be disputing)
-side note two inquires were supposed to fall off last month but still are showing up on experian they fell off other two agencies though
TU: 7 Inquiries total latest one being 07/30/2018 discover student loan
EQ: 7 inquiries total latest one being 07/30/2018 discover student loan
So, if you're going for Chase you're 1/24.... now, to play it right you need to space apps probably 3 mo's apart to not get them shutdown or denied a bonus.
Virtually 0 INQ's in a year looks good for most other cards as well.
Some of the specifics are covered here
Some lender specific points can be found here (this one is BOA but, there's a list of lenders at the bottom)
here's a reddit on the subject as well
If you're willing to put the effort into figuring out who looks for what then narrowing down the options gets easier and knowing where your INQ will land helps spread them so you don't stack them all on one single CR.
If you want to really see where your options are there's a fun Visio on the matter as well.
Sweet thanks for all the links. So I've come up with a plan
Step 1) Go into chase branch and see if I have any pre-approved offers there for CSP
Step 2) If yes then apply in branch and hope for success
Step 3) If approved go sit in the garden and be happy
Step 4) If not approved try for Citi Prestige for SUB and 4th night free
Step 5) If approved be happy and sit in garden
Step 6) If not approved move to Amex platinum
Step 7) if approved put as much spend as possible through it for SUB and start using uber perks immediately
Step 8) If not approved apply for Discover It student since all else failed lol
Does this sound like a good or bad plan from what I read on your links I should prioritize chase then citi then amex. Also from what I read Wells Fargo doesn't like people they have no background with so I think I'm dropping that from my travel card want list.