Use both cards and request CLIs and have those grow and has your score increases get the card you really want. Discover would be the most likely to give you CLI based on usage. I had one that grow to 25.5k in 11 months before I closed it.
Personal Cards: Amex Plat | Amex Delta Res | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
You’ve been given some great advice MM! Allow me to add my 2 cents...
It’s very YMMV, but Disco might give you a CLI around the 3 or 6 month mark.
With your line on Cap One, I’m assuming your enrolled in their credit steps program. Use and pay it to have no more than 30% utilization at statement time. I know for me, I was offered $250 steps CLI but instead I received $500. Make sure your managing your Cap One within the program rules to get your CLI on time. Any late payments will push the date out further.
Think about what you want out of your next card - lower APR, points rewards, cash rewards. Then I would research the issuer and see which deal is good for you. Several times I got anxious and got cards with rewards I really didn’t want or need.
Once you have that figured out, see if they have a credit score card option for non-members. They usually offer you some those of credit score tracking and you might get offers that way. You could also check “see if I have an offer” aka prequal to see if any offers comes up. Just come back here to see how reliable issuer is with the prequal. General rule of thumb is anything with a wide range apr is bad. Single apr or small range is likely approval but this isn’t always accurate.
Issuers also have rules. Another thing you should know. Chase 5/24 is one. There are others out there.
Good Luck!
@Anonymouswrote:Ok thanks for the info, but why did you close the card? I thought one should not close a card/ Also, did you request the increases or did they just keep raising the cl as you handled the card properly?
Because I wasn’t going to use the card anymore, I requested increases. I picked Amex MR, Chase UR, Amex SPG and American Airlines reward programs. A closed card stays on your credit report for 10 years. Never be afraid to close a card you don’t want anymore.
I have also also closed a Capital one Venture, citi prestige and chase freedom unlimited all w/ high limits but I moved some of my chase limit to my CSR and took a HP to move some of my limit to my CIti AA exec. I never have to worry about my AAOA because it’s well over 10 years.
If you keep applying for cards that could hurt your AAOA and decrease your credit score.
@Anonymouswrote:Great information, I truly appreciate it. I am a little green on the lingo. What does 5/24 refer to? Also, what does "HP" mean in this statement "When the time is right app for it dont be afraid of the hp." Thanks for taking the time to educate.
5/24 - Chase has this rule with the majority of their cards. They will not approve you if you have more than 5 inquiries within 24 months on the CB (credit bureau) they pull. That is why if you want to get in them, you need to be careful. Other lenders have other rules. That is why you want to plan out for your needs and what fits best.
HP - hard pull. Typically hard pulls are on your report for 24 months (2 years). Supposedly they become less impactful after a year. There are also lenders whom are inquiry sensitive. This means not a lot of HPs within 6 months or another specific hard time.
Time is right app for it don’t be afraid of HP - This is my personal interpretation of whomever posted this . Before I app anything, I do my research (mostly here) to see what are the current approval trends and how my own datapoints (scores utility, number of inquiries, etc) align with them, do I pre-qualify on their website. Any way I can be knowledgeable and have a greater chance of getting my application approved is worth a HP.