CRAZY Approval..and Help

[Anonymous]

Today, I got a letter in the mail from Citi about their Double Cash Back card. It said, "You're Approved to Apply". I was skeptical because Discover and Barclay gave me denials this week but I did it anyways. I was instantly approved for $1500. I was stunned. My scores are 630-640 across the board, so I didn't even begin to think about applying.

Secondly,
I have reduced some of my CCs on my credit report and in my wallet. I now have my Cap1 QS1 ($2,200), Credit One ($450), Victoria Secret ($250), Cap 1 Secured ($500) AND soon the new Citi Double Cash Back .

I need advice as to which card I should shoot for now. Discover and Barclay only denied me due to one old collection for $104. I plan to pay it this week.. Since I was able to get the Citi Card, could I possibly be approved for a Chase or AMEX? If I'm going to do multiple inquiries, I want to do them now so that they will all fall off at the same time in 2 years. Thank for the Help guys!!

[Superman85]

Given your current scores, and the CCs you currently have, I would go into the garden and increase your AAoA. Then, apply for a card like AMEX. From my experience they are very picky about AAoA and inquireies. The AMEX cards are more of a status symbol, their rewards arent that great in comparison to some of the other cards out there.

You will probably qualify for a chase card, but the CL would probably be low given your current situation. If you absoultly insist on applying, I would first go to their site and do a pre-qualification screening. That will give you a good idea of whether or not you'd be approved.

[Anonymous]

---

@Anonymous wrote:
Today, I got a letter in the mail from Citi about their Double Cash Back card. It said, "You're Approved to Apply". I was skeptical because Discover and Barclay gave me denials this week but I did it anyways. I was instantly approved for $1500. I was stunned. My scores are 630-640 across the board, so I didn't even begin to think about applying.

Secondly,
I have reduced some of my CCs on my credit report and in my wallet. I now have my Cap1 QS1 ($2,200), Credit One ($450), Victoria Secret ($250), Cap 1 Secured ($500) AND soon the new Citi Double Cash Back .

I need advice as to which card I should shoot for now. Discover and Barclay only denied me due to one old collection for $104. I plan to pay it this week.. Since I was able to get the Citi Card, could I possibly be approved for a Chase or AMEX? If I'm going to do multiple inquiries, I want to do them now so that they will all fall off at the same time in 2 years. Thank for the Help guys!!

---

I would close the Credit one, now that you have out-grown them, and also the Cap One Secured, then open a second Cap One Platinum unsecured. Then get into the garden and grow those lines for the next 12 months as suggested above

[Anonymous]

I was instantly approved for 2 AMEXs, BCE and EDC, and I believe I will get the Chase card as well, just awaiting the email confirmation. I'm in awe about these cards!

[Anonymous]

Keep in mind that Chase has the 5/24 rule,  if you have opened 5 cards in the last 24months they will decline you.

[Anonymous]

Don't close the creditone until it's been a year.. And even then call them and ask to get the annual fee waived.. If they don't then you can close it.

[Pway]

Close credit one immediately.  You have out grown them with all the new approvals you have gotten.  The history will remain on your reports for the next 10 years.  

[Anonymous]

Congrats, super excited for you...Im working on bringing my utilization down so that my scores can go up and I can possibly get the AMEX BCE and Venture card in the next 4 months