Author Topic: Getting Started (Read 4696 times)

Awainer1 · « **on:** November 26, 2012, 03:32:11 PM »

Hey guys looking for some help. I just started reading about all this. I applied for a Chase Sapphire Preferred and got denied because of my income being too low. I am only making 20k a year right now even though my rent is really cheap with they asked about. My credit was pretty high I cant remember exactly what. I've had a credit card that my parents paid off for a while. Right now I have a wells fargo credit card with a 7000 credit line. Any recommendations on where to go next? All the cards seem good to me and I want as many miles/points/benefits as I can get. Thanks!

MEIR613 · « **Reply #1 on:** November 26, 2012, 03:51:59 PM »

Quote from: Awainer1 on November 26, 2012, 03:32:11 PM

Hey guys looking for some help. I just started reading about all this. I applied for a Chase Sapphire Preferred and got denied because of my income being too low. I am only making 20k a year right now even though my rent is really cheap with they asked about. My credit was pretty high I cant remember exactly what. I've had a credit card that my parents paid off for a while. Right now I have a wells fargo credit card with a 7000 credit line. Any recommendations on where to go next? All the cards seem good to me and I want as many miles/points/benefits as I can get. Thanks!

Does anyone else give you money? The banks are expecting you to spend a certain amount if you tell them your making 20k + paying for rent ex. $600 that's 7.2k a year in just rent. That leaves you only spending 1k a month. So far them they are nervous you'll spend more. So you should put down every penny anyone gives to you and of course your imagination

rots5 · « **Reply #2 on:** November 26, 2012, 04:53:49 PM »

Quote from: MEIR613 on November 26, 2012, 03:51:59 PM

Does anyone else give you money? The banks are expecting you to spend a certain amount if you tell them your making 20k + paying for rent ex. $600 that's 7.2k a year in just rent. That leaves you only spending 1k a month. So far them they are nervous you'll spend more. So you should put down every penny anyone gives to you and of course your imagination

lol :-) im a dreamer

whacked1 · « **Reply #3 on:** November 27, 2012, 12:51:04 AM »

I'm a beginner to churning. The only chase card that I currently have is the chase sp and I would like to reapply for cards. It's almost a yr since I got the card. 1)which cards should I apply for (i would like to do a 3bm) 2)what do I do to keep my chase points without getting the yearly fee (If downgrading is the ans than what should I dwngrd to?). Thanx

txtmax4 · « **Reply #4 on:** November 27, 2012, 12:58:46 AM »

Quote from: Awainer1 on November 26, 2012, 03:32:11 PM

Hey guys looking for some help. I just started reading about all this. I applied for a Chase Sapphire Preferred and got denied because of my income being too low. I am only making 20k a year right now even though my rent is really cheap with they asked about. My credit was pretty high I cant remember exactly what. I've had a credit card that my parents paid off for a while. Right now I have a wells fargo credit card with a 7000 credit line. Any recommendations on where to go next? All the cards seem good to me and I want as many miles/points/benefits as I can get. Thanks!

How long is your credit history overall? And what about the average credit age?

Quote from: whacked1 on November 27, 2012, 12:51:04 AM

I'm a beginner to churning. The only chase card that I currently have is the chase sp and I would like to reapply for cards. It's almost a yr since I got the card. 1)which cards should I apply for (i would like to do a 3bm) 2)what do I do to keep my chase points without getting the yearly fee (If downgrading is the ans than what should I dwngrd to?). Thanx

How long is your credit history overall? And what about the average credit age?

whacked1 · « **Reply #5 on:** November 27, 2012, 01:04:23 AM »

Quote from: txtmax4 on November 27, 2012, 12:58:46 AM

How long is your credit history overall? And what about the average credit age?

not sure what your question is, but my I have CC's for about 5 yrs I never actually checked my score but was never late to a payment

Awainer1 · « **Reply #6 on:** January 03, 2013, 08:35:16 AM »

Just got approved for chase sp ink bold and ink plus. Waiting to hear on the amex blue and spg. Checked my credit score last night and it was around 790 doing a FAKO. Still don't know how to check how many pulls I had. Have a feeling it was a few.

rots5 · « **Reply #7 on:** January 03, 2013, 08:36:42 AM »

Quote from: Awainer1 on January 03, 2013, 08:35:16 AM

Just got approved for chase sp ink bold and ink plus. Waiting to hear on the amex blue and spg. Checked my credit score last night and it was around 790 doing a FAKO. Still don't know how to check how many pulls I had. Have a feeling it was a few.

ok and now what?

Awainer1 · « **Reply #8 on:** January 03, 2013, 08:37:47 AM »

BTW i put that my income was 30000 this time as I do get handout from the fam and income from selling stuff on ebay which I also used to get the business cards. Excited to get them in the mail! Going to use bluebird to hit threshhold checked yesterday at cvs and they had vanilla reloads that cashier said you can load with a cc. Here we go...

mmermss · « **Reply #9 on:** January 03, 2013, 08:38:13 AM »

Quote from: Awainer1 on January 03, 2013, 08:35:16 AM

Just got approved for chase sp ink bold and ink plus. Waiting to hear on the amex blue and spg. Checked my credit score last night and it was around 790 doing a FAKO. Still don't know how to check how many pulls I had. Have a feeling it was a few.

You can check up identitymonitor to check up how many pulls. It should be 3- two from Chase for mixing consumer and business cards in a 3bm and one from Amex.

Awainer1 · « **Reply #10 on:** January 03, 2013, 08:40:54 AM »

thanks! I was kind of all over the place when I was applying. Did you pay the first 30 days 1 dollar deal or do people actually pay the monthly fee. Somehow I doubt that. Or is there a way to do it for free?

mmermss · « **Reply #11 on:** January 03, 2013, 08:42:10 AM »

Quote from: Awainer1 on January 03, 2013, 08:40:54 AM

thanks! I was kind of all over the place when I was applying. Did you pay the first 30 days 1 dollar deal or do people actually pay the monthly fee. Somehow I doubt that. Or is there a way to do it for free?

You pay one dollar for the first 30 days the cancel. You can churn it..search how to do that. People do keep it monthly to get updates from them.

Awainer1 · « **Reply #12 on:** January 03, 2013, 08:53:35 AM »

I had 4 pulls. 2 from chase and 2 from amex. This makes sense because I got rejected from amex in november and then reapplied for a different card in december. I am trying to get reconsidered for those 2 cards. My credit score is 748. However I have applied for credit 6 times in the last 12 months. Im guessing this means I need to wait a while before applying for any more cards

mmermss · « **Reply #13 on:** January 03, 2013, 08:57:24 AM »

Quote from: Awainer1 on January 03, 2013, 08:53:35 AM

I had 4 pulls. 2 from chase and 2 from amex. This makes sense because I got rejected from amex in november and then reapplied for a different card in december. I am trying to get reconsidered for those 2 cards. My credit score is 748. However I have applied for credit 6 times in the last 12 months. Im guessing this means I need to wait a while before applying for any more cards

Why you guessing that?

Read up some threads here and youll learn a lot. Depending on your score you can apply for more than 6 CC's in 12 months.

Awainer1 · « **Reply #14 on:** January 03, 2013, 08:58:23 AM »

Ok Ill keep reading I already have learned a lot still have a long ways to go

Awainer1 · « **Reply #15 on:** January 09, 2013, 08:39:04 AM »

Got accepted for the amex spg. So now have that plus Chase sp, ink plus, and ink bold. I also got my blue bird card in the mail less than a week after signing up. I'm debating whether I want to try to purchase gift cards from office supply stores to buy the vanilla reloads or hold off on that. I called office depot and they said they have 500 dollar visa gift cards. I might try one and see if it works and then go from there but I have to spend 13,000 in 3 months. Gonna be kind of a chore but worth it.

MAJ · « **Reply #16 on:** January 20, 2013, 02:26:08 AM »

i have no credit history other than being an au on fathers amex. was declined last week on a a 3bm with chase for all three. seems like my next step should be a gap like cc. should i be waiting some time for that? going to the store (am in israel now so would have to wait till bein hazmanim)?

Lou Bob · « **Reply #17 on:** January 20, 2013, 02:33:10 AM »

Quote from: MAJ on January 20, 2013, 02:26:08 AM

i have no credit history other than being an au on fathers amex. was declined last week on a a 3bm with chase for all three. seems like my next step should be a gap like cc. should i be waiting some time for that? going to the store (am in israel now so would have to wait till bein hazmanim)?

student credit card. I always suggest wells fargo student card, but others say cap1. Why hit all 3 reports when u could hit only 1? Idk. Go figure...
I have a friend that got 4 or 5 denials from a few banks cuz no credit, and didn't wait long before applying and getting accepted for the wf student card. So u prob shouldn't have a problem with that one

MEIR613 · « **Reply #18 on:** January 20, 2013, 02:37:36 AM »

Quote from: MAJ on January 20, 2013, 02:26:08 AM

i have no credit history other than being an au on fathers amex. was declined last week on a a 3bm with chase for all three. seems like my next step should be a gap like cc. should i be waiting some time for that? going to the store (am in israel now so would have to wait till bein hazmanim)?

Did you call recon?

MAJ · « **Reply #19 on:** January 20, 2013, 02:51:38 AM »

called once, they told me as i have no credit history, they dnt give cc's on faith. was advised in another topic that there is no point in huca