United Mileage Plus CC

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confusedcollegestudent
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United Mileage Plus CC

Postby confusedcollegestudent » Sat Jan 04, 2014 2:41 am

I am interested in the United Credit Card from Chase. I currently have a US Bank College CC with $600 dollar spending limit, a Macy’s card with $400 and a Chevron with $500. I owe nothing on any of them and my Experian credit score is 720. I have never had a late payment and my oldest card is 1 ½ years old and my youngest account 6 months; however, I do have 13 hard inquiries. 10 of them are more than a year old.

I was wondering what your thoughts were on the likely hood of being denied or accepted for the card. I do have a checking account with Chase if that helps.

I really would like the 50,000-mileage bonus I got in the mail. I fly fairly often so most of the perks do not really apply, other than the miles accumulated from spending. I am going to Europe this summer, so the no foreign transaction fee would be fantastic!

Let me know what you think! Please be honest! Or if you have any other suggestions on cards let me know.


mathman314
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Postby mathman314 » Sat Jan 04, 2014 12:34 pm

Honestly, it will probably be a struggle. If not, near impossible.

You have 3 cards, all with relatively low spending limits. They may want to see how you manage cards with a much higher spending limit.
By your username, you're a college student and I can probably assume that you won't have a substantial income to provide on your application.
You're score is excellent, do doubt about that. Chase pulled Experian for one of my card apps and Equifax on the other.

BUT if you end up do applying for the card, I would hit up the reconsideration line about a day or two later to see if you end up getting approved or denied. If you end up getting denied, I would then tell them why the United Milage card is very appropriate for you.
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)

rockyrock
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Postby rockyrock » Sat Jan 04, 2014 1:32 pm

+1

Those airline cards are only really useful if you can get one with a high enough limit to purchase airfare on. Your current limits aren't in that arena.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

daniel2304
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Postby daniel2304 » Sat Jan 04, 2014 2:25 pm

And 13 inquires in total (10 inquires in 1 year) isn't helping. I would say you should try to have a credit increase limit. You should try it with US Bank Card and Macy's. I think Macy's will likely approve if you say you will spend more during this season.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

MemberSince99
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Postby MemberSince99 » Sat Jan 04, 2014 4:36 pm

I'm going to play devil's advocate here. Inquiries older than a year do not factor into a FICO score, and are not looked at as closely by lenders. That gives him 3 inquiries that really matter.


Hell I have a total over 30 inquiries over the last 2 years over all 3 bureaus (that's total, not over 90) and was just recently approved for 2 cards. They are way over-rated in importance by the FICO loving crowd IF everything else is in order.


And Chase pretty much has to be the current easiest lender to recon with.


All you have to lose is an inquiry to find out. Don't let others tell you that you can't achieve your goals and accept that as the truth - maybe they are right, but maybe not. Only you can determine that.

daniel2304
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Postby daniel2304 » Sat Jan 04, 2014 7:44 pm

MemberSince99 wrote:I'm going to play devil's advocate here. Inquiries older than a year do not factor into a FICO score, and are not looked at as closely by lenders. That gives him 3 inquiries that really matter.


Hell I have a total over 30 inquiries over the last 2 years over all 3 bureaus (that's total, not over 90) and was just recently approved for 2 cards. They are way over-rated in importance by the FICO loving crowd IF everything else is in order.


And Chase pretty much has to be the current easiest lender to recon with.


All you have to lose is an inquiry to find out. Don't let others tell you that you can't achieve your goals and accept that as the truth - maybe they are right, but maybe not. Only you can determine that.


I would say your own experience and mine are quite different. For me Chase is very strong at declining application and hard to negotiate with. From another post, you said Discover is stingy but they are actually very lenient to me. And from what I have learned, hard inquiries stay on report for 2 years before they are dropped off. Usually inquiry doesn't matter but to many inquiries for a short term credit history, for me as a lender, it's a no-no.

But I respect your view and advice. It's really his/her decision at the end. We're just trying to help. As we always say, YMMV.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

takeshi
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Postby takeshi » Sat Jan 04, 2014 9:43 pm

daniel2304 wrote:And from what I have learned, hard inquiries stay on report for 2 years before they are dropped off.

Correct but "fall off" and "factor into a FICO score" are two entirely different things. FICO disregards inquiries older than a year so they don't need to fall off to not factor in FICO scoring.

confusedcollegestudent
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Postby confusedcollegestudent » Tue Jan 07, 2014 2:53 pm

I actually am employeed as well and my income is 20,000. Would that factor into the decision as well?

Thanks for your help!

confusedcollegestudent
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Postby confusedcollegestudent » Thu Jan 09, 2014 3:25 pm

I was approved!!



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