Apply for Barclay's Apple Card or wait?

[JustAnotherGuy]

So all of my accounts are up to date, credit score from myfico showing around about 630ish, USAA fakos 680ish(I know they don't mean anything) 2 credit cards 1 with a 300 limit no balance, the other with a 400 limit no balance, A secured USAA Mastercard with $1000 limit and under 300 balance. 3 inquiries in the past two years the most recent one 5 months ago for the USAA Secured Card. Don't really have a need for it but would like to try and get a card just to buy a new macbook pro. Should I go for it or just go without? Like I said its not a need but a want and I figured if I get approved having an additional line of credit wouldn't hurt but being turned down would(I think). So should I apply and see what happens or just go without and maybe just put more money on the secured card to show a higher limit?

[TeachMeMaster]

So all of my accounts are up to date, credit score from myfico showing around about 630ish, USAA fakos 680ish(I know they don't mean anything) 2 credit cards 1 with a 300 limit no balance, the other with a 400 limit no balance, A secured USAA Mastercard with $1000 limit and under 300 balance. 3 inquiries in the past two years the most recent one 5 months ago for the USAA Secured Card. Don't really have a need for it but would like to try and get a card just to buy a new macbook pro. Should I go for it or just go without? Like I said its not a need but a want and I figured if I get approved having an additional line of credit wouldn't hurt but being turned down would(I think). So should I apply and see what happens or just go without and maybe just put more money on the secured card to show a higher limit?

 

Go for it! The beautiful thing is you got a 50/50 shot and its only a TU inq that can eventually be B* off. Worst case scenario you can always pay cash for it or add more to your secured. Heck you can add to your secured and app anyways. Just do it! You got CB in your corner if all else fails.

 

I believe your newest card was 5 months ago. If your not concerned taking a ding on your AAOA then you got 2 thumbs up!

Edited July 4, 2012 by TeachMeMaster

[JustAnotherGuy]

Quick bump for more opinions. Thanks CB.

[Jaymes]

I would wait until your newest card reports for six cycles. Barclay does NOT like accounts newer than six months. And they have been know to close accounts within six months if another new card begins reporting within that time.

 

Another thing is that they like their limits to be somewhere in the middle of your other active cards. So you might end up with a Barclay's card with about a $750 limit.

 

That having been said, Barclay's can be pretty lenient, their limits grow with positive usage, and there is a phone number you can call to get directly to a credit analyst should they decline your original application... and a lot of people here have had very good results upon recon.