I have 695 credit score (Equifax) and want a new credit card

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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cbkhor
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I have 695 credit score (Equifax) and want a new credit card

Postby cbkhor » Mon Mar 25, 2013 8:42 pm

Hi!

I'm amazed at how much information, tips and tricks available on this forum and website. Really appreciate all the information.

I just moved to US from another country last May. I currently have a secured credit card (Mastercard) from a local credit union. I have not been late in payment of that card. I'm now planning to apply for below cards:
  1. Chase Freedom (currently have a checking account with Chase and their branch is just opposite my resident)
  2. Amex Blue Cash Everyday
  3. Discover It
  4. Citibank Thank You Card

Currently, my equifax is 695. Which card will have higher possibility for success or otherwise, is there any other cards that have better success probability in application?

Thanks in advance.
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500


tigerowl06
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Postby tigerowl06 » Tue Mar 26, 2013 12:56 am

According to Credit Karma, the average credit score approved for the cards you listed is:

Chase Freedom - 694
Amex Blue Cash Everyday - 735
Discover IT - 706
Citi Thank You - 723

I have the first three (see my signature), but know nothing about Citi. Without looking at those averages I would have said it was a tossup between Chase and Discover in terms of easiest to get. Since you bank with Chase, they are your best bet. If you are denied, post it on this forum and the kind folks here will give you the recon number.

If you can swing the Chase card, I would wait about six months and then apply for the Discover. You should be approved. You'll want to get two card accounts posting to your credit report. Alternatively, you could just go ahead and apply for them both on the same day and see what happens. If you do that they won't see the hard pull the other generates. I would wait about a year to try for the Amex. It's likely a waste of time to go for it with only a secured card on you profile. If the average credit score is an indication, the same goes for the Citi card.

Good luck!
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

mattymatt808
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Postby mattymatt808 » Tue Mar 26, 2013 3:25 am

Keep in mind those are the average Credit Karma scores which are TransUnion with a margin of error of about 50 points. However, I also have the first three you listed and Chase was the only application for which I was instantly approved. Discover, Citi, and AMEX all gave me the "wait a few days" message. I agree that AMEX would be a pretty long shot for you. In terms of utility, Chase and Discover have far better rewards programs than Citi (especially ShopDiscover...oh man I gotta be careful with that). I recommend double apping for Chase and Discover. Good luck!
$2500 First Hawaiian Bank (6/10)
$4500 CHASE Freedom (2/13)
$3500 Citi Forward (2/13)
$2000 Discover it (2/13)
$9600 AMEX BCE (3/13)
$10000 CHASE Sapphire Preferred (7/13)
$5000 CHASE Ink Plus (8/13)

cbkhor
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Location: Houston, Tx

Postby cbkhor » Tue Mar 26, 2013 12:47 pm

hi!

I've applied for Chase Freedom Visa and here's the notice:
"Thank you for applying. Your application requires further review before making a decision."

There's a number to call: 800-940-8575. Is this the number to call for recon?

Thanks for advise.
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500

FutureBillionaire
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Postby FutureBillionaire » Tue Mar 26, 2013 12:57 pm

cbkhor wrote:hi!

I've applied for Chase Freedom Visa and here's the notice:
"Thank you for applying. Your application requires further review before making a decision."

There's a number to call: 800-940-8575. Is this the number to call for recon?

Thanks for advise.


Give the number to call.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Losangeles
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Postby Losangeles » Wed Mar 27, 2013 1:09 am

I would definitely call the Chase Recon number. I mean depending on your income and such, I think you have a decent chance of being approved for the Chase Freedom.

I think Citi will be denied... The Citi Forward card was my first CC, but at the time I worked for Citibank and basically made my manager kinda force it through. They like me now, because I have good history with them, but when I worked there I saw a lot of people get denied. I feel like they have their own system of approval, but idk for sure (Citibank and Citicards are seprate subsidiaries of Citigroup).

I hear that Discover is easy to get approved for as well. You may try applying for a few in the same 24-48 hour period, before the inquires hit your report.

Good luck!
Citi Forward - $800 (12/11)
Citi ThankYou Preffered - $3,500 (3/13)
Chase Freedom - $3,500 (3/13)
Barclay Apple Card - $2,000 (8/14)

cbkhor
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Location: Houston, Tx

Postby cbkhor » Sun Mar 31, 2013 9:33 am

hi again..

an update: I have just been contacted by Discover on Friday and my application is approved. Card is on the way.

However when I called the number for Chase above, it says there's still no update. Any thoughts on that?
---
AMEX BCE - $10000
Chase Freedom - $2600
Discover IT - $3900
Capital One Quicksilver - $1700
Citibank Diamond Preferred - $3500
Members Choice Credit Union Secured - $500

tigerowl06
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Location: Seattle/WA

Postby tigerowl06 » Mon Apr 01, 2013 12:07 am

First off, congratulations on getting the It card!

About Chase: you need to get in contact with a human. Does someone have a backdoor # this guy can call? You could also head over to your Chase branch and ask one of the reps to help you check on your application. If you get a denial in the mail, you can also take that letter over to the branch and get them to help you recon. Ask about a special consideration form that includes your checking and savings account information.

If all else fails, you can re-apply in 6 months or so. Your position will be greatly strengthened with that Discover card on your credit report.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

DavidNY
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Postby DavidNY » Mon Apr 01, 2013 4:17 pm


MemberSince99
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Postby MemberSince99 » Mon Apr 01, 2013 7:28 pm

You have to call the backdoor number with Chase to reach the analysts. The front line CSRs will do NOTHING for you other than tell you that the status hasn't been updated. The analysts at the recon numbers DavidNY gave you are the way to go to get something done.

Good luck and let us know how it turns out for you.



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