Author Topic: Credit Card for Beginners  (Read 404 times)

Offline Mordechai123

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Credit Card for Beginners
« on: July 20, 2020, 11:30:56 AM »
I am interested in opening a fourth credit card and my longest credit history is 11months. Which credit card has the best benefits and at the same time has the highest approval odds?
Thanks

Offline El Capitan

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Re: Credit Card for Beginners
« Reply #1 on: July 20, 2020, 07:42:53 PM »
In general this is for the questions for beginners thread... Which cards do you already have? If i may ask...
Always looking for a good MS method... PM suggestions 😊

Offline Mordechai123

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Re: Credit Card for Beginners
« Reply #2 on: July 20, 2020, 08:18:25 PM »
The three cards I have are the capital One platinum , the discover it secured and the chase freedom student .
Let me know what you think .
Thanks

Offline Samb

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Re: Credit Card for Beginners
« Reply #3 on: July 20, 2020, 10:09:04 PM »
you can get a whole list of cards. You should rather ask what cards cant I get? waiting 12 months will give you a better chance with Chase or some other high-end credit cards. BOA will give you an issue as you opened more than 2 cards in 12 months, Citi business and capital one business will want to see more history, 

Offline Mordechai123

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Re: Credit Card for Beginners
« Reply #4 on: July 20, 2020, 10:52:08 PM »
Hello,
So you think its worth waiting ? Also I thought the more credit cards that you have under your name is better for your credit score?
Thanks

Offline Samb

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Re: Credit Card for Beginners
« Reply #5 on: July 21, 2020, 11:10:13 AM »
Hello,
So you think its worth waiting ? Also I thought the more credit cards that you have under your name is better for your credit score?
Thanks
Its better for your credit score but not better for BOA business model. Nothing to do with credit scores

Offline Mordechai123

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Re: Credit Card for Beginners
« Reply #6 on: July 21, 2020, 12:48:33 PM »
Hello
I donít understand what you mean by BOA business model ? Please explain
Thanks 

Offline Samb

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Re: Credit Card for Beginners
« Reply #7 on: July 21, 2020, 03:34:18 PM »
Hello
I donít understand what you mean by BOA business model ? Please explain
Thanks
BOA has a rule that they won't approve applicants that opened more than 2 cards within 12 months. it's their own rule nothing to do with your credit score

Offline Mordechai123

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Re: Credit Card for Beginners
« Reply #8 on: July 21, 2020, 08:30:36 PM »
Hello
So why do I need to use Bank of America, I can use any other bank . I just want to know if you think itís worth trying to open a new credit card ?
Thanks