719 Credit Score and Preparing for the Future at 25

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5 posts
brokin13
 
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Joined: Thu Dec 26, 2013 10:14 pm
Location: Longview, Texas

719 Credit Score and Preparing for the Future at 25

Postby brokin13 » Thu Dec 26, 2013 10:25 pm

Hi all! I am 25 and need some advice on new credit cards. I have zero debt and a credit score of 719. I paid off all of my student loans for both undergrad/grad and I am now pursuing my PhD. I make large payments for the semesters and thought putting it on a credit card to then pay off quickly might be wise.

I currently have one credit card with Wells Fargo with a limit of $5,000. I pay everything with this card or with cash.

Any suggestions for cards that do not have fees or that I simply might be approved for? Thanks!


mathman314
Platinum Member
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Posts: 54
Joined: Mon Dec 23, 2013 2:42 pm
Location: Texas

Postby mathman314 » Thu Dec 26, 2013 10:49 pm

Discover IT -- might be a good idea simply because of the FICO score. I got approved for a 2k limit based upon a 7k income and a TU score of 714 to give you an idea of your odds.
AMEX Blue Cash Everyday
CHASE Freedom -- although Chase would like to see a credit history of more than two years and more than 1 credit card. It never hurts to ask though.
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)

MemberSince99
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Dec 26, 2013 11:01 pm

I agree with Discover IT.


On the Freedom, the analyst I talked with said they wanted 6 months on that particular card. Just wanted to point that out. Sure they'd "like" 2 years, like being the keyword but it's not required.

mathman314
Platinum Member
Platinum Member
 
Posts: 54
Joined: Mon Dec 23, 2013 2:42 pm
Location: Texas

Postby mathman314 » Thu Dec 26, 2013 11:09 pm

On the Freedom, the analyst I talked with said they wanted 6 months on that particular card. Just wanted to point that out. Sure they'd "like" 2 years, like being the keyword but it's not required.

Ah. Thanks for the clarification. I was saying 2 years because that is what the CSR who I spoke with when I applied for the CS told me. So I figured that it would hold true for this card also.
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Dec 27, 2013 8:37 am

For the Sapphire (CSP) you are right they would like a year or two, and IDEALLY a line with 5k already existing so that is right. The Freedom is a bit easier to get approved for, but you are basically right.



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