- Centurion Member
- Posts: 1141
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
I must agree. Since you are looking to get a mortgage soon, your best bet is to not apply for anything. Sure, you MAY get approved, but it is iffy and any hard pulls on your credit will stay on for 2 years. Getting better loan terms on the mortgage you're expecting to apply for is more important than any marginal increase in credit card rewards.
Use the QS to rack up rewards, but ALWAYS pay in full. Find out when your balance is reported on the card and make sure a low (non-zero) utilization is reported each month. Make multiple payments a month, if necessary. I think what will help you most, if you have any other loans (car, etc.), is making more than the minimum payment to get the balance down as low as possible come mortgage application time.
In a year or more when your credit has improved, applying for one other card MAY help you. However, I think for now you should focus on managing what you have.
Good luck! Improving your score is a slow and boring process, but if you manage your credit reaponisbly it will happen.
EX - 804 (9/16) | TU - 803 (10/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now