Ok...my last time asking for your guys opinions, I promise:)

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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g35x955
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Ok...my last time asking for your guys opinions, I promise:)

Postby g35x955 » Thu Feb 04, 2016 11:02 am

Hey guys. So barclay is coming out with a new jetblue mastercard in march. By the time march comes I will have exactly 1 year of credit history ( I know, not long at all) Im only 20 years old. My question is, would you guys bother applying for this card? im unsure if barclay is strict or not with people with short credit historys. I only have one discover card so far. I pay it in full every month and always keep the utilization under 20% Discover gives me a score of 750. Credit karma gives me two scores of 738 and 746. This card for me would be perfect considering I always fly with jetblue out of jfk. I would love to use it to its advantage and start earning more points. What do you guys think? If you were me would you wait another year or give it a shot? I havent applied for any cards since I got my first discover card.
Discover IT $4,000 (3/15)

Chase Freedom $4,500 (12/16)

Barclaycard Jetblue $4000 (2/17)


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Vattené
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Re: Ok...my last time asking for your guys opinions, I promise:)

Postby Vattené » Thu Feb 04, 2016 3:04 pm

You do mean 1 year of credit history and not just credit card history (no student loans, car loans, or anything else reporting)?

A score in the mid-700s means more on someone with a longer history. In your case it basically just means you don't have late payments or any other bad marks - which is great - but at 1 year of history you still come with uncertainty (which translates to risk for banks). If you're convinced this will be a good card for you, I would apply. Worst-case scenario is you get denied and have a wait a few months to build up more history.

Before you apply, though, do make sure the card will be a good fit for you. Just because you fly JetBlue regularly doesn't necessarily mean its cobranded card would provide more value to you than a simple cash back card (of course it could be better, I'm just saying to know what benefits you should expect from it).

Also, call Discover and request a CLI only if you can get it on a soft pull. At a year in you can probably bump up that credit limit a little. Finally, before you apply make sure your Discover is reporting at less than 10%. These won't guarantee anything by any means, but when you're on the line every little bit helps. Good luck!
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Elijahmex
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Re: Ok...my last time asking for your guys opinions, I promise:)

Postby Elijahmex » Fri Feb 05, 2016 12:27 pm

You've got nothing to lose. App and if denied it'll just be one inquiry added. No biggie imo.
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takeshi
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Re: Ok...my last time asking for your guys opinions, I promise:)

Postby takeshi » Fri Feb 05, 2016 1:17 pm

takeshi wrote:
g35x955 wrote:Ok..last time asking for your guys opinions, i promise:):

No need for that. Ask away as needed.

However please don't crosspost. One thread is sufficient.
general-credit-card-talk/12625-ok-last-time-asking-for-your-guys-opinions-i-promise.html

Elijahmex
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Re: Ok...my last time asking for your guys opinions, I promise:)

Postby Elijahmex » Sat Feb 06, 2016 8:02 pm

takeshi wrote:
takeshi wrote:
g35x955 wrote:Ok..last time asking for your guys opinions, i promise:):

No need for that. Ask away as needed.

However please don't crosspost. One thread is sufficient.
general-credit-card-talk/12625-ok-last-time-asking-for-your-guys-opinions-i-promise.html


My bad. I was using my cell I didnt mean to do that
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ingramjuan
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Re: Ok...my last time asking for your guys opinions, I promise:)

Postby ingramjuan » Sat Feb 06, 2016 8:19 pm

g35x955 wrote:If you were me would you wait another year or give it a shot? I havent applied for any cards since I got my first discover card.



What's one more year of waiting to build a solid file. Just ask Discover for a CLI and hold out.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes



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