Questions and Answers

I don’t want to apply and get rejected b/c I know it will ding my credit score for a few months.

Here is some info:
70k income if scholarships and grants count as income (Google says it does)
674 credit score
Authorized user on a few cards, but this would be my first card in my name only
Chase banking for 2 years and mom is a private client
College freshman

Hard to say though I’d lean towards not being approved. You’d have an easier chance being approved for the Freedom/Freedom Unlimited. I’d do that first and then apply for the Sapphire card later on, once you have some of your own credit history. Being an AU wont show up on your report since you’re not financially responsible.

Furthermore, Freedom and FU cards are no annual fee, transferable to Chase Sapphire and are good cards to keep long term for the bonus categories/1.5x on all purchases to cover everday spend that would otherwise only earn 1 point per dollar with the Sapphire cards.

[QUOTE=”David W, post: 59996, member: 29″]Hard to say though I’d lean towards not being approved. You’d have an easier chance being approved for the Freedom/Freedom Unlimited. I’d do that first and then apply for the Sapphire card later on, once you have some of your own credit history. Being an AU wont show up on your report since you’re not financially responsible.

Furthermore, Freedom and FU cards are no annual fee, transferable to Chase Sapphire and are good cards to keep long term for the bonus categories/1.5x on all purchases to cover everday spend that would otherwise only earn 1 point per dollar with the Sapphire cards.[/QUOTE]

The reason I ask and why I don’t want to start with the Freedom/FU cards is that I need to pay tuition, so I could easily meet the Sapphire card’s Welcome bonus whereas the Freedom/FU cards’ sign up bonuses are really small.

If I get denied from the Sapphire card, can I ask them to turn the application into one for the Freedom/FU without another hard inquiry on my credit score?

Hard to say. Best is probably to apply and go from there. Given your situation, I think the credit hit is minor.

[QUOTE=”David W, post: 59999, member: 29″]Hard to say. Best is probably to apply and go from there. Given your situation, I think the credit hit is minor.[/QUOTE]

I applied and called the credit recon line twice and both times they said I was rejected b/c of a lack of established credit history. Apparently they didn’t see the two cards I was an authorized user on.

I applied last Thursday – 8/23. What should I do now? Should I apply for the Freedom card now or is that too soon?

AU cards should not show up on your credit report because you dont have financial responsibility for them – that falls on the primary card holder..

You can apply for the Freedom or Freedom Unlimited cards, but theres no guarantee of approval.