Re: New to forum

Anonymous · ‎02-23-2020

He had 1 collection on file at the time that already dropped off and his scores were at around 630. Do he decided to go the secured route to be safe.

K-in-Boston · ‎02-23-2020

I would also agree that the CSP is unlikely as it requires a minimum $5,000 credit line. My other question would be why that card (other than awesome signup bonus)? With the others being cash back cards, does a general purpose travel points card make sense? Cashing out Ultimate Rewards would give the same or only half of the value as putting those charges on Double Cash. For the Chase Travel portal, it would only be slightly elevated for restaurant and travel spend compared to Double Cash and there is the annual fee to overcome.

If travel is planned with CSP, perhaps he might consider other travel cards from Amex and Citi instead of the ones you mentioned. Just using my own reasoning for having cards from all 3 of those lenders, Membership Rewards, ThankYou Points, and Ultimate Rewards can all be transferred to Air France/KLM or Virgin Atlantic, which is great in the Delta ecosystem (as are the Delta cards from Amex).

HeavenOhio · ‎02-23-2020

That makes sense, @Anonymous.

I think getting out of Low Limit Land is priority number one. Citi isn't known for high starting limits. On the other hand, AMEX is noted for being generous with thin, clean profiles that produce 700-plus scores.

I'd also check in with Navy. They're probably about ready to open up. He might want to apply for a second card, depending on what happens when his current card graduates.

Anonymous · ‎02-24-2020

I'd let his accounts age a little (AA0A > 1yr). Maybe the secured card graduates by then. Discover isn't a bad starter card that can grow when he's ready to apply.

Taurus22 · ‎02-24-2020

Welcome to the forum OP.....

From my experience, the only card I can offer any DP's on is the Citi DC. When I opened mine (2013), it was expressed to me that a score of 740+ was ideal to get this card. Mine was 760 at the time and I got instant approval $2500. This may have changed since then, just offering what I knew then.

Discover would probably give him a card now with 700+.....double cashback 1st year in categories.

My Wallet

Sock Drawered

On Deck: Possibly Aven 3% Visa

SouthJamaica · ‎02-24-2020

@Anonymous wrote:
Hello, new to the forum but been but have been reading for a while. I'm trying to help out my son. I'm looking on opening some cards but don't know what route to go for him. I'm thinking of Chase Sapphire preferred, amex blue cash, and Citi double cash. Scores are as follows: TU-709, EQ-703, & EX-717 from myfico. His aaoa is 5 yrs 9mos, no chargeoffs and 4% utilization on 3 cards. He has a secured card with nfcu of 200-0 bal 6 mos old, Kohl's 300-0 bal 10 mos old, and cap1 1550-39 bal 2 1/2 yrs old and a paid off auto. Does he have a chance on these cards. Any input appreciated.

No chance on CSP. He has a chance for either the Citi DC or the Amex BCE.