Ok..last time asking for your guys opinions, i promise:):

For just about anything you want to get off your chest about credit cards.
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g35x955
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Ok..last time asking for your guys opinions, i promise:):

Postby g35x955 » Thu Feb 04, 2016 9:59 pm

Hey guys. So barclay is coming out with a new jetblue mastercard in march. By the time march comes I will have exactly 1 year of credit history ( I know, not long at all) Im only 20 years old. My question is, would you guys bother applying for this card? im unsure if barclay is strict or not with people with short credit historys. I only have one discover card so far. I pay it in full every month and always keep the utilization under 20% Discover gives me a score of 750. Credit karma gives me two scores of 738 and 746. This card for me would be perfect considering I always fly with jetblue out of jfk. I would love to use it to its advantage and start earning more points. What do you guys think? If you were me would you wait another year or give it a shot? I havent applied for any cards since I got my first discover card.
Discover IT $3000 (3/15)


Kevin86475391
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Re: Ok..last time asking for your guys opinions, i promise:):

Postby Kevin86475391 » Fri Feb 05, 2016 8:53 am

I've never applied for a Barclays product, so I can't speak from experience. They certainly might decline for the short history and thin file. However, I say go for it! Your scores are solid, you only have the 1 inq, and it sounds like a card you'd really enjoy and benefit from. I wouldn't say go out and apply for 5 random new cards or anything. But I think getting a card, handling it responsibly for a year, then applying for your second card after a full year is pretty much the most responsible way to establish first-time credit. I hope that Barclays recognizes that too.

Good luck and let us know how it goes!

kdm31091
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Re: Ok..last time asking for your guys opinions, i promise:):

Postby kdm31091 » Fri Feb 05, 2016 9:48 am

g35x955 wrote:Hey guys. So barclay is coming out with a new jetblue mastercard in march. By the time march comes I will have exactly 1 year of credit history ( I know, not long at all) Im only 20 years old. My question is, would you guys bother applying for this card? im unsure if barclay is strict or not with people with short credit historys. I only have one discover card so far. I pay it in full every month and always keep the utilization under 20% Discover gives me a score of 750. Credit karma gives me two scores of 738 and 746. This card for me would be perfect considering I always fly with jetblue out of jfk. I would love to use it to its advantage and start earning more points. What do you guys think? If you were me would you wait another year or give it a shot? I havent applied for any cards since I got my first discover card.


Your history is short, which will work against you with Barclay's. However, your score and number of new accounts (as in, none) are both positives.

Ordinarily, I don't advocate just throwing caution to the wind and going for it, but in your situation, I'd just go for it and see what happens. Don't apply for a bunch of random cards as stated above, but this is worth a try if you think it'll suit you. If denied you'll at least know what to work on for the future, and you can IMO afford to "waste" an inquiry right now if worst comes to worst. Good luck.

Brad Bishop
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Re: Ok..last time asking for your guys opinions, i promise:):

Postby Brad Bishop » Fri Feb 05, 2016 10:35 am

At first I was thinking, "So who cares if it's a Barclay card??," but then you mentioned the JetBlue angle and how you'd actually benefit from it.

You pay your balance every month so you're not being stupid.

My thought is: Just go ahead and apply and see what they say. They may turn you down which really isn't much of a loss other than the convenience of having a JetBlue related card. It's not like years down the road it'll really matter if they do turn you down. They may say, "yes."

takeshi
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Re: Ok..last time asking for your guys opinions, i promise:):

Postby takeshi » Fri Feb 05, 2016 1:09 pm

g35x955 wrote:My question is, would you guys bother applying for this card?

Whether we would or not does not matter. I have no use for such a card so whether I would or not is definitely not relevant to you. You need to make decisions based on your needs/wants -- not based on polling others. Selecting a card isn't about popularity but what specifically suits you.

If you've done your due diligence and think it is suited to you then app for it.

g35x955 wrote:Discover gives me a score of 750. Credit karma gives me two scores of 738 and 746.

If you're going to reference scores then be aware of the specific scoring model. Also be aware of which models and CRA's are used by a given creditor. Discover provides a TU FICO 8. I have no idea if Barclaycard uses that score though they also provide that score to their cardholders. Credit Karma provides TU and EQ Vantagescores and as far as I know, Barclaycard does not use those scores.

It's never just about score but you can refer to the Credit Pulls Database.

g35x955 wrote:im unsure if barclay is strict or not with people with short credit historys.

A lack of credit history is potentially an issue with any creditor.

g35x955 wrote:Ok..last time asking for your guys opinions, i promise:):

No need for that. Ask away as needed.

OldMan
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Re: Ok..last time asking for your guys opinions, i promise:):

Postby OldMan » Fri Feb 05, 2016 1:22 pm

Been awhile but, they were very strict with me when I was first starting out. When I reconn'd after I was denied, my length of time accounts have been opened was the reason they gave me a denial for. No bad accounts or collections, no lates, just a very thin file.
My Wallet:
Discover IT - $4000;
AMEX BCE $12000;
Citi Double Cash - $6600;
CHASE AARP Visa - $5000;
Banana Republic $1200;
NFM - $20,000;
Sears (Citi) MC - $6000;



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