- Platinum Member
- Posts: 79
- Joined: Sun May 04, 2014 9:53 am
- Location: Mississippi
I'm fairly new to credit cards, and I could use some advice. I want to apply for the Chase Freedom credit card, but I was just approved for a card with Bank of America. I do not want to freak BoA out by applying for another card so soon. Really, I would rather get the Chase Sapphire card, but I figured I shouldn't apply if the card is not shown in my pre-qualified offers. I figured I could use the Freedom card responsibly for 1 year and them apply for the Sapphire.
Should I wait 6 months to apply for the Chase Freedom or go ahead and try now? I'm just asking for opinions unless one of you is psychic and can tell me for sure if I will get approved.
My Current Cards
*Discover It $4,250 - Opened 9/13
*Bank of America Cash Rewards $5,000 - Opened 4/14 (I mainly opened this account because it gives money back to my alma mater and the 2% cash back on gas. The Alumni Association supposedly makes a lot of money on these cards.)
My credit score according to my last Discover statement is 745. My annual income is $40,000. I keep my utilization rate below 30% with it usually being no more than 10%. I have no baddies on my credit report.
I have two loans.
*A car loan that is a year old and should be paid off in two years although the loan has four more years.
*A two year old small computer loan that will be paid off next month.
Discover It - $8,450 (9/13)
BankAmericard Cash Rewards Visa Signature - $5,000 (4/14)
Chase Freedom - $3,000 (5/14)
AMEX Hilton HHonors - $16,500 (6/14)