Upgrade? Need Advice PLEASE!

[Anonymous]

Ok so I want to apply for new cards so that I can take advantage of lower interest rates as well as possible 0% APR for a months. Current cc's are between 23 -25%. Interested in Cash Back and generous starting limits. Any advice? What am I likely to be approved for? Here are my stats.
Credit One (1 year 3 months)
SL: $300
Current Limit : $500

Capital One Platinum (1 year 2 months)
SL: $500
Current Limit: $1250

Citi Thank You Preferred (4 months)
SL: $2000
Currently: $3500

Delta Community Credit P Loan (4 months)
Amount $2000
Paid to Date $500

15 Student Loan Accounts all in good standing. 100% payments.

Usage 40% (Paying Down this month to 28%)
No baddies.
3 Years 10 Months AAoA
Projected Score after cc payment Trans. 721 EQ. 680 Exp. 735 Vantage 721
2 INQs on Transunion - 6 INQs each on Experian and Equifax ( 4 will fall off of each Experian and Equifax between June 2018 and August 2018.)

[Anonymous]

You could try calling Captal One and see if you're eligible for a product change. I currently have the QuickSilver One and it's been pretty good so far as a cash back card. The product change is just a quick SP.

After that, maybe shoot for an Amex ED or one of the Chase Freedom cards. With your scores, I'm sure you'd get either (or both).

[Anonymous]

Discover It is good for young/thin files. Amex BCE would also be a good option. What type of spend are you looking to do?

[Anonymous]

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@Anonymous wrote:

You could try calling Captal One and see if you're eligible for a product change. I currently have the QuickSilver One and it's been pretty good so far as a cash back card. The product change is just a quick SP.

After that, maybe shoot for an Amex ED or one of the Chase Freedom cards. With your scores, I'm sure you'd get either (or both).

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Does QuickSilver One have an annual fee?  I've heard great things about Chase as well.

[Anonymous]

 wrote:
Discover It is good for young/thin files. Amex BCE would also be a good option. What type of spend are you looking to do?
 
Grocery, entertainment.  My son is also preparing for minor surgery.  May have to foot the bill and submit a claim which may not be approved.
 
Also looking to grow my score in general.  Would like to get a great rate for my first car by the end of the year.
 

[Anonymous]

It does. $39. Chase Freedoms do not.

[Kforce]

Unless you have other cards:loans reporting, you have less than a year AAoA, 14 Inq's and 28% Util.

Garden for another 6 months+ ,  let inq's fall off,  lower util, and age accounts.

[Anonymous]

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@Kforce wrote:

Unless you have other cards:loans reporting, you have less than a year AAoA, 14 Inq's and 28% Util.

Garden for another 6 months+ ,  let inq's fall off,  lower util, and age accounts.

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I forgot to include student loans.  So its 15 other accounts aside from the cc's and personal loan mentioned above. All in good standing. 100% payment score for all accounts. AAoA is 3 years 10 months

[Kforce]

Getting new cards for rewards and helping your "FICO" scores are kind of like getting a 1-ton truck and wanting 50 mile per gallon.  I would work on my "Util", get the car loan, then worry about reward cards.

[HeavenOhio]

If you request a product-change on your Capital One card, you'll probably be offered the Quicksilver (no fee) or Savor (no fee). Either of those are fine choices. Avoid the QuicksilverOne and its fee.

Regarding the rest, I'd:

1. Bring utilization down to 8.9% or below.
2. Apply for one more card.
3. Close Credit One
4. Garden until the car loan.

That'll set you up with three good cards from good banks. When it comes time to apply for your auto loan, make sure that one card is reporting a small balance (at least $5 but not much more than that), with the other two cards reporting zero. That'll optimize the revolving portion of your score.

If one of your cards is a Chase card, let it report zero and choose a different card to report the small balance. In addition to reporting the statement balance, Chase reports zero whenever you pay to zero, and all cards reporting zero will ding your score by 15–20 points. You may as well have their policy working for you rather than against you.