- Green Member
- Posts: 3
- Joined: Thu Feb 21, 2013 11:10 am
- Location: TX
I'm interested in getting the Blue Cash Preferred due to it having better rewards than my current card. While I'm fairly confident I can get approved, I'm curious about the best possible time frame in which to apply. Below are some factors I'd like an opinion on.
I just financed a new car in January, $16k at 1.9% over 4 years, I do plan on paying it off sooner though. I got some quotes from banks for loans, so those inquires are all on my report now (although they should be grouped together).
In December I requested a credit increase from $5k to $10k on my Chase Sapphire Visa. I got this card while an intern, so my limit is a lot lower than my expected for my current income. My total credit is at $11,250 as I still have an old student Visa through BoA that goes unused.
I'm 25, have 5 years of excellent credit history, and an annual income of $70k+.
Should I be fine applying now or would it be better to wait? Trying to avoid large impacts on my credit score (which is currently around 760).