- Gold Member
- Posts: 29
- Joined: Tue Feb 25, 2014 5:54 am
- Location: Ohio
Ok, here is an update on my credit card collection:
PNC CashBuilder - $1,000 (am currently avoiding using this card since I want to get the Quicksilver and don't want to get stuck having unusable cash back if I get the quicksilver since this card's lowest available cash back is $50)
PayPal Rewards - $3,000 (1.66% cash back for paypal, 2.5% for restaurants)
BoA Cash Rewards - $5,000 (uhhh probably won't use much, but will probably keep open since it's my highest credit limit and will give me leverage for upping my other credit limits . . . plus BoA seems to really like me since they gave me their best offer)
Chase Freedom - $1,200 (for use of rotating 5% cash back and also for their offers store)
Sallie Mae - $1,000 (5% cash back at gas stations, grocery stores, and Amazon.com)
Discover It - $3,800 (finally got reapproved a few days ago with the $150 bonus, will use for rotating 5% plus their cash back store)
Kohl's - $300 (Kohl's only)
American Eagle - $300 (probably won't use since i buy gift cards online that stop me from using this)
2 Amazon Store Cards (Didn't know my old one was even still open?!) - old one is $400 and new one is $2,200 (signed up for the $10 promotional credit each time only, will never use)
Ok, so I am ONE credit card away from being content with my credit card collection. If you look back through the thread, I missed applying my first time around for the Discover It credit card through the special $150 bonus cash back promotional offer link and there was nothing Discover could do about it but tell me to cancel my account and reapply in 45 days. I took my chances and did that, not knowing whether or not the offer would still be there since it did appear to come and go. Well, it was still there, and they actually approved me for an even higher credit limit ($3,800) than the first time around ($2,500). I was very pleased to have gotten this card with the promotional offer in time and can't wait to get it in the mail.
Ok, so the last card that I want is the Cap One Quicksilver credit card. I have applied for this card before, but I was rejected, and I believe it had to do with applying for too many cards at once and my loan balances (I'm betting this has to do with my $31,500 in school loans that I have yet to begin paying off yet since I am still in grad school and how I also never carry a balance on a credit card or even use over 10% on my credit limits). I applied for about a half dozen credit cards in early/mid Feb. with a mix of acceptances and rejections. I applied for the 2nd Amazon store card Feb 23 and my Discover It card just a couple of days ago.
My credit score has gone up a fair amount since February. My FICO is now 757 as of March 21st (provided via Sallie Mae) and I am sure has probably gone up slightly more since then. Credit Sesame gives me a score of of 769 and Credit Karma gives me a Trans Union of 687. My FICO was 723 in Feb. Basically, how should I go about applying for the Cap One Quicksilver? Should I go over the internet? By phone? How long should I wait? Now? A month from now? 3 months from now? 6 months from now? Should I close any of my credit card accounts like ones that I don't see me ever using and have a fairly low to low credit limit? Btw, all of my credit card accounts are younger than my average account age or are about my average account age (loan accounts are 6-7 years old as opposed to credit card accounts being 0 to almost 3 years old).
Any suggestions for applying for the Cap One Quicksilver would be appreciated.
Whats's in the wallet: Discover It - $3,800 (5% rotating, ShopDiscover), Sallie Mae Rewards MC - $1,000 (5% on gas, groceries, and Amazon), Chase Freedom Visa - $1,200 (5% rotating + 10% extra w/ Chase Total Checking), PayPal Extras MC (1.66% on PayPal, 2.5% on Restaurants- $3,000, Bank of America Cash Rewards Visa Signature - $5,000 (Signature benefits), PNC CashBuilder Visa - $1,000 (Don't use), Fidelity Investment Rewards Amex - $5,000 (2% on everything)
. . . and some store credit/charge cards.
-US Bank Cash+ (for the 5% categories)
-1-2 0% APR cards for some big purchases I'll be making within the year