Should I App?

[Peter1142]

Credit scores are about 675 Eq, 690 Tu, 650 Ex. I have an open collection on Ex that isn't on the other 2 (< $1000). A c/o from 2008 that was paid in 2011. One 60 day late 3.5yrs ago on a card I am an AU on that I keep as it is greatly weighing down my AAoA. AAoa is 3.5yrs.

I have 5 open cards in good standing. Util is about 25%. I have several new ones in the past year, but none less than 6mo's. 3-5 Inq's.

I just got a major CLI from Cap1 that won't report for 2 weeks. Average limit is about $1.5k.

I got a pre-selected offer for Citi's Thank You, with 0% introductory (I tried the pre-qualified check on their site and got no dice.) I really would like this card, assuming it doesn't come with a joke limit, I am really hoping to get my first prime card. They turned me down about 6 months ago but my scores have vastly improved since then and I wasn't savvy enough to call for recon.

I am shopping for a home and was pre-approved, but have decided I would be best off waiting 6 months to have a lot more cash.

Thoughts?

[Creditaddict]

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@Peter1142 wrote:

Credit scores are about 675 Eq, 690 Tu, 650 Ex. I have an open collection on Ex that isn't on the other 2 (< $1000). A c/o from 2008 that was paid in 2011. One 60 day late 3.5yrs ago on a card I am an AU on that I keep as it is greatly weighing down my AAoA. AAoa is 3.5yrs.

I have 5 open cards in good standing. Util is about 25%. I have several new ones in the past year, but none less than 6mo's. 3-5 Inq's.

I just got a major CLI from Cap1 that won't report for 2 weeks. Average limit is about $1.5k.

I got a pre-selected offer for Citi's Thank You, with 0% introductory (I tried the pre-qualified check on their site and got no dice.) I really would like this card, assuming it doesn't come with a joke limit, I am really hoping to get my first prime card. They turned me down about 6 months ago but my scores have vastly improved since then and I wasn't savvy enough to call for recon.

I am shopping for a home and was pre-approved, but have decided I would be best off waiting 6 months to have a lot more cash.

Thoughts?

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If you are for sure not getting the house for 6+ months I would go ahead and take the offer for the citi now.

[Peter1142]

I'd just be really pissed off if I wind up getting a BS $500 limit. Everyone always pulls EX and my EX sucks comparatively.

Anyone have any idea what ballpark they'd offer me?

[Creditaddict]

I always seem to see Citi giving much higher starting limits than most.

[myjourney]

If you are 6 months out from a home shopping experience so that you can make a larger down payment you should not consider any new cards whatsoever. This is also the perfect time to increase scores for better rates to go with that extra cash...

[FinStar]

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@myjourney wrote:

If you are 6 months out from a home shopping experience so that you can make a larger down payment you should not consider any new cards whatsoever. This is also the perfect time to increase scores for better rates to go with that extra cash...

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+1

Now, if things change and you do not foresee the home purchase in about 12 months, then sure... but anything less, I wouldn't app.

[09Lexie]

+2

[Mustang09]

+1