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Amex vs Chase?


Blacknight
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The last post in this topic was posted 2340 days ago. 

 

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So after closing on my house I treated myself to a new credit card. Haven’t opened one in 2 years so I was trying to decide what to open. Checked a few prequal sites and decided to try Discover. Applied for the Discover IT Chrome and was instantly approved for 7k. I really want to try for either AMEX or Chase(I have the Freedom card now $500) 

 

All 3 scores are currently 667-670. Should I give any of those a try before my mortgage hits or am I reaching for the stars still?

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Shifter thanks. 

 

Hegemony, I have a small collection that is under dispute and my utilization is at 64% currently. 

 

The Discover was mainly to pay for my kids daycare cause that’s the only credit they accept. I didn’t think it was going to be that high of a limit. Was expecting like 1-2k. Was shocked when they told me 7k. 

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2 hours ago, Blacknight said:

Shifter thanks. 

 

Hegemony, I have a small collection that is under dispute and my utilization is at 64% currently. 

 

The Discover was mainly to pay for my kids daycare cause that’s the only credit they accept. I didn’t think it was going to be that high of a limit. Was expecting like 1-2k. Was shocked when they told me 7k. 

Congrats on the Discover approval! That's a nice starting CL.

In your case, going by your overall utilization, current scores and CC's/CL's in your siggy, I would wait until after your Discover reports AND pay down balances a little more. If it were me, I would wait at least 6 months before applying for another CC. Good luck with the dispute 🙂

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12 minutes ago, Kat58 said:

Congrats on the Discover approval! That's a nice starting CL.

In your case, going by your overall utilization, current scores and CC's/CL's in your siggy, I would wait until after your Discover reports AND pay down balances a little more. If it were me, I would wait at least 6 months before applying for another CC. Good luck with the dispute 🙂

Those are alittle outdated. But I’ll probably wait even thought that CSP calls me ;)

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48 minutes ago, Blacknight said:

So I decided to give the CSP a try. Had to answer a few security questions, a few seconds later lady thanks me and says i was approved for 5k woohoo. 

Excellent! Congrats!!!

 

If you applied today, call back and request an increase on your Chase Freedom to $5k, or whatever.

 

Now update your siggy ;)

 

 

Edited by Kat58
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7 minutes ago, Blacknight said:

Would they run a second HP?

IIRC, if pulled on the same day, it should count as one. Unless they pull a different bureau, of course.

 

When I requested a CLI (in the past) they pulled TU and EX, but that was probably because of my location.

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11 minutes ago, Kat58 said:

IIRC, if pulled on the same day, it should count as one. Unless they pull a different bureau, of course.

 

When I requested a CLI (in the past) they pulled TU and EX, but that was probably because of my location.

Well they pulled it yesterday would that make a difference?

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20 minutes ago, Blacknight said:

I was looking at the BCE or the Cash Magnet

The Cash Magnet is a 1.5% turd. 

 

You should apply for cards that match your spending patterns and/or fill gaps in your rewards strategy.

 

I also hope you did the math on the CSP vs the CSR, and included any residual accrued rewards from the Freedom in that analysis.

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59 minutes ago, Konrad2012 said:

The Cash Magnet is a 1.5% turd. 

 

You should apply for cards that match your spending patterns and/or fill gaps in your rewards strategy.

 

I also hope you did the math on the CSP vs the CSR, and included any residual accrued rewards from the Freedom in that analysis.

I mainly use my cards for gas, shopping, and we plan on starting to take family vacations soon. So what donyou think I should be targeting. 

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4 hours ago, Blacknight said:

I mainly use my cards for gas, shopping, and we plan on starting to take family vacations soon. So what donyou think I should be targeting. 

The CSR, Freedom 5 and Freedom Unlimited for the time being is a tough combo to be beat.  With a CSR, UR points are basically worth at a minimum $0.015/each.  For now you can combine all URs to one account.  Eventually there's talk that the Freedoms will become true cash back turds. 

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