Good card for a 719 credit score and full-time student?

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Crashem
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Postby Crashem » Sun May 27, 2012 1:23 am

Pif=pay in full each month. Ideal util scenario=to max your fico score you want one card reporting between 1-9% utilization and 0 balance on rest (do search on forums on utilization and understanding how balances are reported). Tu08=there are different fico scoring models. Each credit bureau has its own flavor. Three main flavors of fico 98, 04, 08. 04 is one in main use. Each bureau has own names for fico flavors. 08 is newest one from fico. So tu08 is transunion fico 8 score. Npsl=no preset limit. Amex charge cards have no stated limit unlike credit cards. However this doesn't mean no limit, just that they don't tell you. And yes consider apping to all three cards as long as no af
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k


cheaty
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Postby cheaty » Sun May 27, 2012 2:03 pm

Thank a lot again, Crashem. That makes a lot of sense now. After looking at the Capital One student card, I think I'll apply to it as well. Maybe tomorrow since it's Memorial Day and I have free time. However, I do have one more question. I'm going to be moving to my new housing for my internship in one week. So, on the applications, should the address be my permanent address or would it be where they should mail things? If the former, is there any way to have them send the card to the address I'll be living at instead of the my permanent address?

I'll keep you updated once I apply for the cards.

cheaty
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Postby cheaty » Tue May 29, 2012 4:28 pm

I got approved for all three cards: Citi Forward ($2000 CL), Discover More ($1000 CL), CapitalOne Journey ($2000 CL)! I do wish that the CL for the Discover was equal to the others at least, but it's a start! Now I just have to play the waiting game and wait for them to get mailed...

Crashem
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Postby Crashem » Tue May 29, 2012 4:34 pm

Congrats. Remember what I said about reported utilization. In 6 months to 1 year, consider Amex zync to that relationship going but make sure your reported util is good. Do not let the cc companies own you and pif and no late pays. At this point in your credit history, any mistakes, even the smallest, are magnified.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

JoeyJon
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Postby JoeyJon » Sun Jun 03, 2012 5:26 pm

Your question about what address to use...

Make sure you use your most permanent address. If the address you put down is different than the address in the credit check header, your application will automatically be bumped for further review.

As soon as you get the cards, you can just change the address whenever you want using the online website.

cheaty
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Postby cheaty » Fri Dec 21, 2012 4:51 pm

So, since it's about 6 months since I got my first set of credit cards, I decided to apply for the Chase Freedom and got instant approval! Though they didn't tell me my credit limit, is this something I have to call for?

Now, I wanted to also apply for an American Express card, but I noticed they got rid of the Zync. Is there any other easy ones I could go for?

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Snowman
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Postby Snowman » Fri Dec 21, 2012 6:10 pm

You could go for the Green and see what happens. All charge cards have the same underwriting and requirements to be approved for. The revolvers are generally harder to get (the Blue Cash Everyday and the Blue Cash Preferred along with Starwood Preferred card are the hardest revolvers to be approved for, Gold Delta and the Hilton card are usually the easiest to be approved for.) I just got my first charge card with them a little less then a month ago from them and in six months I'm going for one of their revolver cards and the Freedom. Congrats on getting instantly approved for the Freedom. And usually with the Freedom, it should come with the welcome letter that you will receive. I personally would get a charge card right now and then after building a little bit of history with them, try for a revolver. I did not like the rewards of the Green and did not mind paying the annual fee and instead applied for the Gold card, but PC'ed it to the PRG after being instantly approved and they expedited it for me. However, Amex did pull all 3 bureau's for me as well, and if you can, you can try to go for 2 Amex's (one charge and one revolving) with the same hard pull, I have heard of people getting approved for both. Good luck in whatever path you decide to take.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

cheaty
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Postby cheaty » Fri Dec 21, 2012 10:21 pm

I was considering the Green since the annual fee is lower and I don't travel much. The reason I want to get an American Express is really to open the option of backdating later in the future and also possibly make it easier for me to get the Blue Cash Preferred/Everyday. I would try for the BCE right now, but I'm not sure if I have any chance of being approved for it :( Are there any other options for AmEx I could be overlooking?

sakhalin
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Postby sakhalin » Sat Dec 22, 2012 3:26 am

I do not have a charge card with AMEX. I got approved for the BCE and I am also a 21 year old full-time student. At the time of approval my oldest tradeline was 3 years 1 month and AAoA was 2 years 1 month with my BoA, Macy's and Citi reporting (was approved for Discover one month beforehand but it wasn't reporting when I applied). They pulled EX for me and it was 776. You could check and see if you are pre-qualified for any revolver AMEXes on their website. I heard the approval criteria for the Blue cards are all similar. The pre-approval thing said I was pre-qualified for the Blue Sky, but I applied for the BCE instead.
AMEX BCE ($20,000), Citi Forward ($6,800), Discover IT ($5,250), BoA Travel Rewards ($1,800)

cheaty
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Postby cheaty » Sat Dec 22, 2012 10:53 am

That sounds great sakhalin! I'll try apping for it tomorrow.

In terms of the Freedom, I called and found out my credit limit is $1700. I asked if I could get a higher credit limit, but they said I would have to take another hard pull. I said no initially, but now I'm reconsidering. Would it be worth it to risk the hard pull? I really would like a higher credit limit.



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