As some of you guys may know, I am new to my credit journey, and I think Im off to a good start with most of my thanks going to you guys and the rest of the forum.
But, Ive been considering to continue expanding my credit profile, most notably to get a Visa rewards card to fill in some gaps and cap hitting that there will be in 2014.
In the next four to six months I'd like to have a Visa rewards card, but am not sure which I should apply for. I would go for the Chase Freedom again, but I was denied back in August. My history is below:
August 2013
- App'd American Express Blue Cash Preferred, - Instant Approval @ $5,600
- App'd Chase Freedom, 7-10'd, two Recon's unsuccessful
> Denial reason: Too few revolving credit accounts and experience. Chase not taking into account my AU history - Woops.
- App'd Discover IT, 7-10'd, Reconned and Approved @ $2,500
> Initial denial reason: Too many recent credit inquiries (2)
September 2013
- App'd Capital One Quicksilver EDIT: MasterCard, Instant Approval @ $1,000
November 2013
- Requested AMEX CLI to $14,000, Accepted instant counter-offer to $7,900
December 2013
EDIT: - Standing with 2 TU, 3 EQ, 4 EX HP's. 3 Approvals, 1 Denial, 1 CLI.
April - June 2014
- Have a Visa rewards card added to my mix
Credit Report stats to those who factor in AU's:
FICO: 767
FAKO (TU): 797
No Baddies
Total Credit: 55.4K
UTL: 5%
Hard Pulls: TU: 2, EQ: 4, EX: 4
Oldest Account: 7y 2m
AAoA: 3y 6m
Personal stats:
EDIT: Income - 22k
Total Credit: 11.4k
UTL: Less than 1%
Real world debt: $0
Hard Pulls: TU: 2, EQ: 3, EX: 4
Oldest Account: 4m
AAoA: ~2mo
I wont be applying for any sort of loans or take any action that would have new creditors review my CR for the next couple of years with the exception of CC's, and my scores have survived well (my FICO score has increased slightly [752 -> December 767] due to being recently added as an AU on the PNC 17.5K, Chase 4K). I feel I'll be in a good position in the next few months to continue on building, rather than continuously lower my AAoA and ding myself with hard pulls over the next few years.
In 2014, will hit the rewards cap on 6% BCP Groceries by August/September
Will be very close, if not over the cap on Discover for July-Sep 5% Gas
Will hit the cap Discover Oct-Dec 5% Online Shopping
I would love to have the Chase Freedom, but am worried it would be a waste of another hard pull. Any other rewards Visa recommendations, would be much appreciated!
AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |
TU: 818 EX: 809 EQ: 801
I think it may be too soon to try again today.
