hamsterman wrote:Looks like the consensus is that I am being too impatient and just need to wait for my credit history to improve and for things to settle down. My friends and family agree. So I think I will wait for six months before applying for a credit line increase and the department store cards. What irks me is that I will buy more clothes between now and then and I am losing money without having those cards...
The Macy's card gets me an additional 20% off stuff I might buy there. The Nordstrom card gets me $100 of free alterations per year, which for a pair of $90 jeans would cost $15. The 5% cashback on my Discover card is nowhere near that.
Not wanting to be at all rude, but you need to understand that no one owes you credit. it's a priviledge, not a right guaranteed by God or the constitution. We all start at the same place and that place is pretty dreary.
Until less than a year ago, I was only able to get Crapital One 500 dollar limit cards. They had no rewards. I got frustrated and closed the card as I found that really difficult to use. I've since done much better. But someone with no history just isn't going to start out with a 25k ultimate titanium rewards signature card unless you come from a really wealthy family with some great connections. It won't happen for most of us, and apparnetly you are like most of us.
Having said that, department store cards are about the easiest to get, along with gas cards. So those migth be worth pursuing first.
Another suggestion - you make a nice income, why not get a secured card and put a few k into it? Then you'll have your higher limit. Some history with that say 6 months to a year and you will be able to get the kind of cards you are looking for. But if you just stick with Discover, you can get there too. After you've had that 6 months, call and tell them you need a higher limit. Tell them it's your only card and you want some breathing room with it as you plan to use it heavily. They like that. And with good history you may get it.
Also if you can get added as an AU to someone else's account that will help.
But it seems you want to start at the top, and that just doesn't typically happen. It takes time and work. If you find a shortcut let us know - you could make a lot of money by selling it.