- Posts: 2
- Joined: Fri Jan 23, 2015 5:38 pm
- Location: FL, USA
I have a limited credit history with 2 open credit card accounts. My first card was a Capital One Journey in July 2013, which now has a $750 credit limit. I opened a Discover IT card in February 2014 with a $2000 credit limit. According to my Discover statement, my TU FICO score is 745. I have 2 inquiries on my TU credit report and 3-4 on EX and EQ each. In the past 2 years I applied for 4 credit cards and was approved for 2, with some hard pulls at multiple credit bureaus. At the time I didn't understand the concept of building a credit history, but my most recent credit card application was in February 2014 for the Discover IT card. Total utilization is <9% with average age of accounts @ 15 months. I have no late payments or delinquencies on my credit reports.
I have a big spend ($20k) coming up in the next few months which I can use multiple cards to cover. I'd like to maximize the benefit from this transaction and am planning on acquiring a few cards to meet minimum spends and keep those cards for subsequent use. Income is >$100k. I am planning on applying for the Jetblue amex (I travel on them regularly), US Airways barclay card, and a Chase card. I'd like to establish a good relationship with Amex, Chase, and Barclay, hence my choice in cards (aside from the benefits).
As I was looking at cards, I decided to see what cards I was pre-qualified for on the Chase website, which showed the Slate, Freedom, and Sapphire Preferred cards for me after I entered my information. I understand the CSP requires a minimum $5k credit limit, which even exceeds my total available credit, however I've seen it mentioned that Chase pre-qualifications tend to be accurate. I'm not married to the idea of getting the CSP over the Freedom, especially if I don't have a solid chance of being approved. I've also read that Chase tends to prefer a longer credit history (>2 years), although I don't know if that is an official rule or a guideline. What are the odds for me with a card like the Chase Freedom or Sapphire Preferred(CSP) given my credit history? Also, what do you think of my chances with the Jetblue amex and US airways cards? If not so good, what cards would you recommend?
Thanks in advance.