Here's my background...
I just turned 18 last month, I am an authorized user on 2 accounts both around 2 1/2 years old. One is a Shell card with a $500 limit that hasn't been used in over a year and the other is a Home Depot card with a $5000 limit that is used often. There has never been a late payment on either one. Current income is 24K per year with 1 year of job history.
What should I do now? Apply for a different card? Wait a while? I have a couple of bank accounts with Chase. One is around 10 years old the other around 5 years old. Would it be worth going into my local branch with my decline notice and talk with a banker about getting approved?
- I ran my Experian score on March 31st and it was a 741.
- I applied for the Chase Freedom card on April 9th and did not get instant decision.
- I just received my decline notice stating "Your credit report reflects to few revolving accounts".