Current Events > i have 10 credit cards and my fico score is 721

(+) Yeah! (+)

what happened CE? i thought you said my score would be shit and id go bankrupt.

WHAT

HAPPENED?
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You don't even have one credit card
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Diminishing average of years. It'll probably take longer to go up
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Irony posted...

You don't even have one credit card

he could post a picture of all his cards. but that isn't a good idea.
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Bluemonk this is a random question but how old are you

You can PM if you don't want to post publicly (or if you don't want to tell me at all that's cool too)

I'm 24 and feel like I'm a bit behind the curve with credit cards. I just got my Chase Freedom Unlimited and am really liking it. But I have this friend of mine who is also 24 and she's a LOT like you when it comes to gushing over the Chase programs. She has at least 3 cards from the Chase family and gets all these rewards and I'm like bruuhh I don't even think I could find $4k of things to buy to get the 50k points from Sapphire Reserve/Preferred if I decided to sign up for that one too (she signed up when the bonus was 100k points)

It's amazing the sheer amount of points you can get from all these cards. I just stumbled upon Shop Through Chase too. Extra 10% from Macy's got me to finally order new tennis shoes that I've been putting off for months.
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This is your worst gimmick yet
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Your life is one big gimmick
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Having multiple credit cards increases the total amount of credit you have. Which helps with having a lower utilization rate.

The age of the accounts also matters, but since utilization is a big piece of the puzzle having a lot of open credit cards isn't necessarily a bad thing for credit score.

Muffinz0rz posted...

Bluemonk this is a random question but how old are you

You can PM if you don't want to post publicly (or if you don't want to tell me at all that's cool too)

I'm 24 and feel like I'm a bit behind the curve with credit cards. I just got my Chase Freedom Unlimited and am really liking it. But I have this friend of mine who is also 24 and she's a LOT like you when it comes to gushing over the Chase programs. She has at least 3 cards from the Chase family and gets all these rewards and I'm like bruuhh I don't even think I could find $4k of things to buy to get the 50k points from Sapphire Reserve/Preferred if I decided to sign up for that one too (she signed up when the bonus was 100k points)

It's amazing the sheer amount of points you can get from all these cards. I just stumbled upon Shop Through Chase too. Extra 10% from Macy's got me to finally order new tennis shoes that I've been putting off for months.

im 29. turning 30 next year. which is why im going to hard on all these point-gaming cards. im celebrating my 30th with a big trip to korea. business class flight, luxery hotel, etc.

and i dont think you should feel down about not getting on this train. like you said, if your spend is not enough to meet the card bonuses, then you dont need to do it. right now, i need more SPG cards. theres a SPG business card that gives you 35000 points, but only after 10k spend. i know i dont have the ability to meet that just yet (cuz my previous method, paying rent via Plastiq.com, just got shut down) so im not gonna do it.

but, that doesnt mean you can't work on getting your score up. there are plenty of lower-tier cards that are easy to get that have good rewards, like the Citi DoubleCash, the Chase Freedom/Freedom Unlimited, and the Amex Everyday cards. the last 2 have sign up bonuses of only like 500 dollars so its easier to hit.

get those, and then later when you have more income then getting the premium cards will be no problem. my credit score was a mess before i hit the chase cards. i had 18 missed payments on a student loan account lol. but since i had a chase credit card from 2012 when i applied, they knew i wasn't a risk since i always made those payments (plus paid lots of interest to them. but ive turned that around lol).
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I have two and mine is 815.
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Silver Bearings posted...

I have two and mine is 815.

i 100% guarantee you that i will have an easier time getting cards than you do in a year or so. my gf had a score of 770ish or so when she applied for a Chase Freedom, their lowest tier card. why? short credit history.
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_BlueMonk posted...

Muffinz0rz posted...

Bluemonk this is a random question but how old are you

You can PM if you don't want to post publicly (or if you don't want to tell me at all that's cool too)

I'm 24 and feel like I'm a bit behind the curve with credit cards. I just got my Chase Freedom Unlimited and am really liking it. But I have this friend of mine who is also 24 and she's a LOT like you when it comes to gushing over the Chase programs. She has at least 3 cards from the Chase family and gets all these rewards and I'm like bruuhh I don't even think I could find $4k of things to buy to get the 50k points from Sapphire Reserve/Preferred if I decided to sign up for that one too (she signed up when the bonus was 100k points)

It's amazing the sheer amount of points you can get from all these cards. I just stumbled upon Shop Through Chase too. Extra 10% from Macy's got me to finally order new tennis shoes that I've been putting off for months.

im 29. turning 30 next year. which is why im going to hard on all these point-gaming cards. im celebrating my 30th with a big trip to korea. business class flight, luxery hotel, etc.

and i dont think you should feel down about not getting on this train. like you said, if your spend is not enough to meet the card bonuses, then you dont need to do it. right now, i need more SPG cards. theres a SPG business card that gives you 35000 points, but only after 10k spend. i know i dont have the ability to meet that just yet (cuz my previous method, paying rent via Plastiq.com, just got shut down) so im not gonna do it.

but, that doesnt mean you can't work on getting your score up. there are plenty of lower-tier cards that are easy to get that have good rewards, like the Citi DoubleCash, the Chase Freedom/Freedom Unlimited, and the Amex Everyday cards. the last 2 have sign up bonuses of only like 500 dollars so its easier to hit.

get those, and then later when you have more income then getting the premium cards will be no problem. my credit score was a mess before i hit the chase cards. i had 18 missed payments on a student loan account lol. but since i had a chase credit card from 2012 when i applied, they knew i wasn't a risk since i always made those payments (plus paid lots of interest to them. but ive turned that around lol).

That does seem like a great way to celebrate your 30th.
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I'm an idiot but dude I'm pissed. I applied for chase Amazon, slate, and citi double cash

I got the double cash instantly

The other two got basically denied. I called the recon line and they told me it's under review and wait a week
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_BlueMonk posted...

Silver Bearings posted...

I have two and mine is 815.

i 100% guarantee you that i will have an easier time getting cards than you do in a year or so. my gf had a score of 770ish or so when she applied for a Chase Freedom, their lowest tier card. why? short credit history.

No one has an issue at 815, so unsure how you will "have an easier time". Also, my credit history is 17 years including a mortgage and several vehicle loans.
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Silver Bearings posted...

_BlueMonk posted...

Silver Bearings posted...

I have two and mine is 815.

i 100% guarantee you that i will have an easier time getting cards than you do in a year or so. my gf had a score of 770ish or so when she applied for a Chase Freedom, their lowest tier card. why? short credit history.

No one has an issue at 815, so unsure how you will "have an easier time". Also, my credit history is 17 years including a mortgage and several vehicle loans.

^Sounds about right. Establishing credit history is more than just number of cards. Only credit card I have is a CSP but given my limit on that, income, car loans, etc, I know I can get any other mainstream card that I want at any time.
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Apparently the best way to build credit is 4 cards all utilized but under 25% of their max.
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Actually, what I did was take out small personal loans (~$10,000), never spent a dime, and paid it back at twice the minimum. It cost me a little interest, but my credit score went up quickly.
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Silver Bearings posted...

No one has an issue at 815, so unsure how you will "have an easier time". Also, my credit history is 17 years including a mortgage and several vehicle loans.

well you didn't say that <_<

lol but even so, there are some places like chase, who wont give you a card unless someone else has given you a credit limit above what they would give you. amex, on the other hand, throws cards around left and right.

but i mean 17 year credit history will probably get you the card. <_<

@darkprince45 posted...

I'm an idiot but dude I'm pissed. I applied for chase Amazon, slate, and citi double cash

I got the double cash instantly

The other two got basically denied. I called the recon line and they told me it's under review and wait a week

i can help you with chase. chase won't give you a card if you have more than 5 new cards in the last 24 months. the slate is affectd by this, but the amazon isn't. you can only apply for 2 chase chards in a 30 day period, so you should be good there. only other thing i can think of is that they don't want to extend credit to a new customer if they dont see someone else already have done that. do you have any other cards?

if not, what you can do is hang up and call again. sometimes a new rep will be nicer. and if they question why you're calling back, just say you weren't satisfied by the last answer you got. this usually works. not with bank of america though, they'll just hound you for calling over and over. chase doesnt care.
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In the last two years I got the aviator red, a chase freedom and a Macy's card.

I just got the citi obviously yesterday so I should be okay

All my banking has been with chase. I have 2 checking and savings with them since 09. So I will call again then
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@darkprince45 posted...

In the last two years I got the aviator red, a chase freedom and a Macy's card.

I just got the citi obviously yesterday so I should be okay

All my banking has been with chase. I have 2 checking and savings with them since 09. So I will call again then

yeah call again.

also you can call this number: 800-432-3117

a robot will tell you about your application status.

if it says 30 days, then they haven't even looked at it and the rep was right lol.
if it says 2 weeks, 99% you're approved
if it says 7-10 days, its likely denied so give recon a call.
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MC_BatCommander posted...

This is your worst gimmick yet

_BlueMonk posted...

darkprince45 posted...

In the last two years I got the aviator red, a chase freedom and a Macy's card.

I just got the citi obviously yesterday so I should be okay

All my banking has been with chase. I have 2 checking and savings with them since 09. So I will call again then

yeah call again.

also you can call this number: 800-432-3117

a robot will tell you about your application status.

if it says 30 days, then they haven't even looked at it and the rep was right lol.
if it says 2 weeks, 99% you're approved
if it says 7-10 days, its likely denied so give recon a call.

https://imgur.com/a/oXlPW

Here's the flowchart of what bluemonk provided (that he also provided to me when I was applying).

Worked like a charm. It switched to 7-10 days so I called the line and the lady was like "yeah let me just verify your ID so I can recommend you for approval" and that was that. Didn't have to plead my case or anything like that.
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I just called. Two weeks on Amazon card. 7-10 days on slate
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darkprince45 posted...

I just called. Two weeks on Amazon card. 7-10 days on slate

congrats on the amazon. call in about the slate. like said earlier, it might be security.

also why do you want a slate?
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I just need a card with 0 apr for right now. I'm gonna have to charge some stuff and pay it in a couple months. I just moved and I'm waiting for my police academy to start in 3 weeks. I have to buy a bunch of gear but I don't want to blow through money in case something happens
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darkprince45 posted...

I just need a card with 0 apr for right now. I'm gonna have to charge some stuff and pay it in a couple months. I just moved and I'm waiting for my police academy to start in 3 weeks. I have to buy a bunch of gear but I don't want to blow through money in case something happens

gotcha. if you can't get the slate cuz chase doesn't want to give you more cards, then i suggest a Discover It card. 0% apr for 18? months and its a really good card. might be hard to find places to use it.

either that or the amex every day cards. those are easy to get and have 0%apr for the first year.

for amex you can use this to see if you're pre approved:
https://www.americanexpress.com/us/credit-cards/check-for-offers/

but generally if you have a SSN and a pulse they'll give you a card.
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I've had the IT since 2012 :(
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I'm gonna try about 5 times for the slate if not get an AMEX. They offered me the blue cash and the everyday
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darkprince45 posted...

I've had the IT since 2012 :(

you can get 2 cards from discover! they have different uh, flavors of the card. i think Discover It Miles? try that.

also

if you want a 50 dollar bonus on your discover app, message me and ill send you a referral link. we both get 50.

and if you just want to be a bro i can send you a link for the amex blue cash everyday.

up to you though. good luck.
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I will send you Message soon after I try slate
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Turns out it was a security issue. Got both
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I was looking at it earlier, and most of the top tier high credit folk seem to have 10+ cards.

I got 3 myself. I want more, but I dont think my credit can take it after a car and a house.
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ItsYourFault posted...

MC_BatCommander posted...

This is your worst gimmick yet

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I have 0 cards currently, and a score of 781. Whatever I had before was paid off a few years ago, and haven't used them since; no debts at the moment. Should I invest in this shit just for the benefits I might get?
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Chaosmaster00 posted...

I have 0 cards currently, and a score of 781. Whatever I had before was paid off a few years ago, and haven't used them since; no debts at the moment. Should I invest in this shit just for the benefits I might get?

100 percent. Closing your accounts actually hurts your score. Having more accounts looks good.

People on CE are dumb, you see them hating and acting dumb because they don't know anything

Instead of using debit cards and cash you use credit cards. At the end of the month pay it off, you're rewarded with free cashback on your purchases and rewards. I just started 2 cards and have about 30 bucks cashback on each, partnered with promos on Amazon for example. I used 2 promos and got Mario O for 25. Just got an aviator red, spent 90 bucks on the annual fee and one purchase of anything and I got 60k air miles(600 dollars worth of air miles)
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darkprince45 posted...

Turns out it was a security issue. Got both

heeeeeey congratz!

just shows that the more you learn, the more you earn.

learn about the credit card system and how it works. then, earn those rewards.
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I have 2 cards and my score is 801.
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Made me think of TC

https://xkcd.com/1908/
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