nowipaco wrote:I am looking to apply for both the Everyday Blue Cash and the Premier Rewards Gold in the next two months...
Just got my Vantage score of 724 for this month.
I also wonder if they just look at my current score or also what it was last month?
1. As someone who has both the BCE and PRG, I can tell you that you probably don't need both. If you can make good use of the MR point system through airline transfers, if you like the like the benefits of the PRG, and you're willing to pay the annual fee, then you will very rarely actually use the BCE.
If you want a nice signup bonus with the PRG and plan to drop it later, then that can make sense. I might end up doing that. Just don't expect to need to use both often in the long run.
If you need to carry a balance, a BCE isn't a good choice because the interest rates tend to be much higher than on special balance transfer cards.
2. Multiple generations of the VantageScore are still in use. Find out if your 724 is out of 850 or 990.
3. In my experience, lenders are mostly concerned with the immediate present. 25% is still pretty high utilization, though. That alone might scare Amex, regardless of your history.
Sometimes I do make educated guesses about a person's approval odds, but this is a hard one and I don't even have all the information. Amex generally likes customers who spend a lot of money and pay on time and in full. They don't seem to like the risk of default that comes with charging interest.
For how long have you had the Capital One card open? When you say you were getting your credit right, do you mean you were learning and building your credit history up from nothing? Or are there marks for bad behavior in the past, and how old are they?