What next?

For just about anything you want to get off your chest about credit cards.
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Korey
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What next?

Postby Korey » Tue Apr 15, 2014 6:15 pm

Hey all, new user here. I think it's best to start off saying that I currently have 2 credit cards. I am currently a student, no school loans. My cards right now:
  • Kohls - $-12/$300 (They did some adjusting due to my percent off)
  • 5/3 Secured Master Card - $0/$500

Right now my plans include purchasing a used car in the next year, probably july or august of 2015. I really want the secured card to graduate to a unsecured card but I opened it in june of last year. They recommend having it for a year. For whatever reason, when it comes to using the secured card, I usually pay it off as soon as I see it online. I will sometimes let the balance sit for a while, then pay it off. I was wondering if, maybe to improve my credit (I have no idea what my credit is right now) maybe I should apply for the IT card? I like the whole see your FICO score thing. But should I even bother since I already have my secured card? Is there better options? Tips?

Hope that was easy to read, thanks!


MemberSince99
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Postby MemberSince99 » Wed Apr 16, 2014 12:33 pm

I would indeed apply for the IT if I were you. Discover really seems to give the biggest starting limits to people who have a short established history with small limits currently. Nothing is guaranteed mind you but the odds say you could probably get a bigger limit with them than I could.


Yes you should bother. IT has rewards first of all it's with a prime lender secondly with all American customer service, and you want to get to primeville as soon as you can. (You aren't there yet).


I would also consider Chase Freedom if for some reason IT falls through.


That's all I got for you. Hope it helps.

darkguy2
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Postby darkguy2 » Wed Apr 16, 2014 2:30 pm

Make sure you apply for the student version of the IT card. Much better chance of getting approved.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

Korey
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Postby Korey » Wed Apr 23, 2014 2:48 pm

Awesome, so I ended up applying for the student card. I don't know my limit yet, the card is on the way. Now what are some spending tips? Does the FICO score shown, show a collective of all of my cards? or just for the IT card? Thanks guys!

Korey
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Location: suburbs

Postby Korey » Wed Apr 23, 2014 2:51 pm

darkguy2 wrote:Make sure you apply for the student version of the IT card. Much better chance of getting approved.


Yup, thats the card I had to go with, the regular one has a income minimum of 10,000 a year, not there yet. :)

Korey
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Postby Korey » Thu Apr 24, 2014 11:20 am

Wish I could edit these so it's not just me talking to myself. :ppp
I just got the card today. It came in super nice packaging. I ended up with a 1500 limit. and a FICO score of 722. When I activated the card, the discover lady was SUPER nice, really good customer service over there! Thanks guys for giving me that push! :)

takeshi
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Postby takeshi » Thu Apr 24, 2014 1:02 pm

Korey wrote:Does the FICO score shown, show a collective of all of my cards? or just for the IT card?

Scores are based on whatever is in the report from the agency used. In the case of the FICO from Discover it's Transunion.

Korey wrote:Wish I could edit these so it's not just me talking to myself.

You can. Each of your posts has and Edit Post button that shows up for you. It's how I added this reply to this post.



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