Taking a try at Chase May yield a CC, or it may go for review with the combination of just now opening the savings/checking and a card app.
Getting one CU card soon after is unlikely to cause any AA.
Just make sure it's only these two cards while establishing the accounts. 6 months to a year til next personal app.
The business credit was a reference earlier. What do you have in mind there?
@credit8502020one more card will be fine I am sure she hasnt applied for any new cards in quite a while.
@credit8502020 wrote:
@NRB525 wrote:Taking a try at Chase May yield a CC, or it may go for review with the combination of just now opening the savings/checking and a card app.
Getting one CU card soon after is unlikely to cause any AA.
Just make sure it's only these two cards while establishing the accounts. 6 months to a year til next personal app.
The business credit was a reference earlier. What do you have in mind there?
Thank you for your feedback! Do you think it's best to apply for the Chase card or CU card first? I'm almost inclined to just have her apply for the CU 2% card and skip the Chase Card because of the 1.5% and just focus on PenFed or SDFCU. The only reason I was considering the Chase Card was because it was a cash back card and the $200 bonus, but I don't know if it's really worth it....especially if she is going to ideally need to wait 6 months-1 yr for another application. My goal is for her to quickly have credit cards that she will be more likely to get higher limits with as soon as possible. This is all more in preparation for future spending and other plans. Do you know which cc are more likely to be generous with higher credit limits?
I'm helping her start a new business soon. So as I'm helping her get new personal credit cards and establish new banking relationships, I'm keeping that in mind. Ideally it would be nice for her next bank to have other great products (credit cards, strong lending options, etc.).
She was going to open a NFCU account the other day, but now I'm reconsidering that and trying to make sure she moves some of her funds to the next best bank for her overall goals. If the bank, doesn't have strong business products as well, that's ok. In the meantime, she can just move funds to a bank that has overall great personal banking products/services.
Yeah, as I noted earlier, as a New Card Expander, my suggestion is she just get one CU card, and stop there. If it's 2% everywhere, that's going to be really hard to beat with any of the more specialized cards.
Some of us enjoy managing multiple cards. However it's not normal behavior, and any card applicant ultimately has to be prepared to manage all the cards s/he applies for. So getting her into PenFed and a good all-around CC makes sense. Anything beyond that, I'd give it a year to let her see how things go, let her decide what next steps she want to take. PenFed is an excellent place to have the card, and to make her available for other borrowing in one place.
Chase is a fine bank, but it's another bank, and the same comments about managing multiple cards, that the person needs to own that, applies there. A checking / savings account in Chase may be appropriate.
