It is recommended to use this template if you would like replies to your post.
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Current cards: (list cards, limits, opening date)
- e.g. Amex BCP $8,000 limit, May 2019
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FICO Score: e.g. 750
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Oldest account age: e.g. 5 years 6 months
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Chase 5/24 status: e.g 2/24
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Income: e.g. $80,000
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Average monthly spend and categories:
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dining $800
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groceries: $400
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gas: $100
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travel: $100
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other: $30
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Open to Business Cards: e.g. No
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What’s the purpose of your next card? e.g. Building credit, Balance transfer, Travel, Cashback
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Do you have any cards you’ve been looking at?
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Are you OK with category spending or do you want a general spending card?
Common Abbreviations and Lingo:
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FICO Score - This is the score used by 90% of credit issuers (This is NOT the score given by Credit Karma, Credit Sesame, Capital One, etc.) (MyFICO.com, Experian.com, CreditScoreCard.com are FICO scores)
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AAoA - Average age of all of your accounts.
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2/30 Chase rule - A rule of no more than two Chase credit card applications every 30 days
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5/24 Chase rule - A rule where if you’ve opened 5 or more accounts in the past 24 months you cannot get approved for a new Chase card.
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AF - Annual Fee
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SuB - Sign-up Bonus
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MSR - Minimum Spending Requirement (usually referring to sign-up bonuses)
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2/90 AmEx rule - A rule where you can only get approved for 2 AmEx cards in 90 days
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1/5 AmEx rule - A rule where you can only get approved for 1 AmEx card every 5 days