Apply for a new card or not apply for a new card

[Anonymous]

So, I have a 713 FICO score through Experian and a 705 through TransUnion. I want to apply for a Chase Freedom or the AMEX Gold card, however, I do have 5 late payments in my credit history, the most recent being almost 3 years ago. It says I’ve made 255 payments of which 5 were 30 days late. I have no deragatory marks. My credit utilization currently is at 24%. Should I wait to apply? Or is my credit good enough for these cards?! Thanks in advance!

[Caardvark]

I have no experience with Chase but for the PRG I'd say you have very good odds. I recently got the Amex Gold with lower scores than you (690 Experian, 706 TU) and a LOT more late payments (none more recent than two years ago). 

As always YMMV

[FireMedic1]

I'd go with paying everything down to <8.99% util and in turn you'll get a higher score which may lead to a higher SL and lower APR. GL!

[Anonymous]

Thank you so much for the information! I appreciate it a lot. I’ve been holding off while building my credit up after making some minor mistakes in my youth. I probably will apply earlier than I originally was now!

[Anonymous]

That’s my next goal. I should be below 10% utilization by February! Thanks for the input! I appreciate the help!

[Anonymous]

How many cards do you currently have? What's your utilization? I'd attempt Chase first then Amex. Scores seem fine as I was high 600's-700's when I got my freedom and Amex Ed card in 2014.

[Anonymous]

Currently I have 2 cards and I’m an authorized user on an additional 1 card and my utilization is 24%

[Anonymous]

get in with chase first before 5/24 time period (5 CCs / 24 years), then go for amex . You have good odds