Want to app spree

[Anonymous]

OP, what lenders did you include in your bankruptcy? I ask this because I would not apply for lenders that included in the bk because you may be blacklisted from them—especially if they were Citi and Chase, which are known to have long memories, according to the several posts on this site.

I have a handful of lenders (including credit unions) I can recomend to you, but I would like to know the number of inquries you have on each bureau, your utilization, and the AAOA. 

Even with all our questioning, I strongly think you have a good chance for the Capital One Quicksilver One card (the one with and without the fee). Capital One has very lenient UW requirements.

[capricornchanges]

My comment of “ Rude” was to the poster who said “ app sprees are so 2015” and then said nothing else. Everyone has has been very helpful.
My rebuild has taken about 2 yrs off and on. I did not burn anyone in the Bk 6 yrs ago, went thru divorce and we had 5 houses that we were renting out and hubby took all our money and ran, took me 2 yrs in court to even get half back while rasing our 4 children on my own. Just closed on my house ( by myself) last week. I have Discover (10k) Cap 1 ( 500) and a Sychrony furniture card (1500). My uti is 1%. Wanted to app for a few more so all inquires age off at the same time, not to go into debt. Thanks for all your replies!

[Anonymous]

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@AverageJoesCredit wrote:
I would continue to let your scores grow before doing an spp spree. Spreeing for the heck of it and with borderline scores may bring about regret. I agree with both K and Upper, solid advise. You can check out Chase if their cards fit your lifestyle and spend but they dont necessarily work for everyone. Good luck on your decision

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+1

[HeavenOhio]

Just to clarify…

Capital One's Quicksilver One card has a fee. It's purpose is to offer rewards to borrowers who can't qualify for a mainstream card. It should be noted that this card is relatively hard to product-change (PC) into a no-fee card. In contrast, CO's Platinum card is relatively easy to PC when it becomes a few months old.

Capital One's Quicksilver card has a similar rewards structure, but it doesn't have a fee. While they say that the card is for those who have "excellent" credit, the reality is that average credit will do if one has adequate file thickness.

[HeavenOhio]

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@capricornchanges wrote:
My comment of “ Rude” was to the poster who said “ app sprees are so 2015” and then said nothing else. Everyone has has been very helpful.
My rebuild has taken about 2 yrs off and on. I did not burn anyone in the Bk 6 yrs ago, went thru divorce and we had 5 houses that we were renting out and hubby took all our money and ran, took me 2 yrs in court to even get half back while rasing our 4 children on my own. Just closed on my house ( by myself) last week. I have Discover (10k) Cap 1 ( 500) and a Sychrony furniture card (1500). My uti is 1%. Wanted to app for a few more so all inquires age off at the same time, not to go into debt. Thanks for all your replies!

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If your oldest card is at least a year old and your youngest card is at least three months old, you may be well positioned for one of the Chase Freedom cards. My only concern is that your EX and TU scores may be just a tad low. They're likely to pull EX along with one of the other two bureaus. Is your reported utilization coming from only one card? If not, I'd try to report a small balance on either the Discover or Capital One card with the other two cards reporting zero. That would likely be worth a few points.

I think you're in good shape if the Capital One Quicksilver interests you. You have a positive history with them, and you haven't been actively adding cards recently.

You're right on the borderline for AMEX. You'll likely be approved, but with your Experian score, the limit may not be all that great. If you can get that score up to 680 or so, I think they'd give you a really nice starting limit.

Keep in mind that adding cards at this point will cause your scores to drop for a few months, although with the mortgage being new, your AoYA (age of youngest account) won't drop by much. You may have seen a point gain by adding card #2 and maybe card #3, but that doesn't continue when you add cards beyond that.

Also keep in mind that if Chase interests you, either now or in the future, you'll want to move relatively slowly. If you've added five or more cards within the past 24 months, denial is likely.

[Anonymous]

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@HeavenOhio wrote:

Just to clarify…

Capital One's Quicksilver One card has a fee. It's purpose is to offer rewards to borrowers who can't qualify for a mainstream card. It should be noted that this card is relatively hard to product-change (PC) into a no-fee card. In contrast, CO's Platinum card is relatively easy to PC when it becomes a few months old.

Capital One's Quicksilver card has a similar rewards structure, but it doesn't have a fee. While they say that the card is for those who have "excellent" credit, the reality is that average credit will do if one has adequate file thickness.

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I agree with this; I got a QS Visa Signature card with $10K SL at New Year's with a TU FICO score in the high 650's/low 660's, because I'd established a pretty "thick" file with both CC's and installment loans over the past couple of years by that point.

OP: If it's been 6 months or more since you got that Platinum, I'd check Cap One's pre-approval page to see if you have any offers waiting for you, if you haven't already done so. That's how I got that QS Visa Signature (right now, all I'm being offered is a Platinum but that's OK because I'm not looking for any more Cap One cards right now). Also, as I believe you may already have been recommended, check to see if you have an upgrade available on your Platinum. I got a Platinum MC in February 2017 and upgraded it to Quicksilver in June, about 4 months later.