How hard is it to get a Blue Cash?

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Hi all,

I'm planning on getting a BCP for my SO. I know that it sounds a bit crazy but there is some nice thing where I live for which I can profit nicely from a BCP so I'm willing to go to great lengths on this. I'm already writing the recon letter to be faxed in and mentally prepared for a FR.

Her credit profile is pretty thin.
-First card was Discover More with $750 CL from Oct 2012.
-AU on a Citi Forward with $2k CL, a Visa with $4k CL and a Priceline with $750 CL. They all reported about 3 months ago.
-Currently 7% Utilization, 727 CK score, 707 CS score (my bad for mistiming my payment) and a 745 TU Lending Club FICO score.
-1 inquiry on TU, none on the other 2.
-AAoA is only 5 months.

What do you think of her chance to get the BCP? I've been reading forums and forums for the last 2 days and it seems the chance is slim. However, the profit is good so it's a worthwhile risk-return trade-off for me. She will be gardening after this for a long time so I won't be worrying about the long-term effect of this. Just want to get the card approved.

Thank you for your wise opinions. Y'all have a great day!

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The profit potential on a BCP is pretty low considering the $6000 cap on the 6%, so I'm not sure why you're so interested in that card in particular.

Also doesnt look like she charge much a month..why not look into blue cash with no annual fee

My wife got denied with a score of about 730 and approved 4 months later with a score of about 770 (paid off some debt so score increased significantly). I would guess that your SO would get denied but there is only one way to find out.

gloreglabert said:   The profit potential on a BCP is pretty low considering the $6000 cap on the 6%, so I'm not sure why you're so interested in that card in particular.

It's never been about the grocery. Even if I simply max out my 2 BB, that's 10k monthly spend on at least 2% profit. There are some nice places in my place.

emp1 said:   My wife got denied with a score of about 730 and approved 4 months later with a score of about 770 (paid off some debt so score increased significantly). I would guess that your SO would get denied but there is only one way to find out.

Thanks for the info. Do you mind if I ask what her AAoA was when she got approved?

I was approved last month for $10k on a normal Blue Cash Everyday card with my only credit history being a $1800-limit Citi Forward card that I had for 3 years (Credit Karma had my score in the 770s which I thought was oddly high)

devyanks90 said:   I was approved last month for $10k on a normal Blue Cash Everyday card with my only credit history being a $1800-limit Citi Forward card that I had for 3 years (Credit Karma had my score in the 770s which I thought was oddly high)

Thank you for that data point. 10k on a previous 1k8 is quite astonishing.

myndreamland said:   Even if I simply max out my 2 BB, that's 10k monthly spend on at least 2% profit.
How are you figuring this?

Glitch99 said:   myndreamland said:   Even if I simply max out my 2 BB, that's 10k monthly spend on at least 2% profit.
How are you figuring this?


Isn't it obvious?

myndreamland said:   gloreglabert said:   The profit potential on a BCP is pretty low considering the $6000 cap on the 6%, so I'm not sure why you're so interested in that card in particular.

It's never been about the grocery. Even if I simply max out my 2 BB, that's 10k monthly spend on at least 2% profit. There are some nice places in my place.

emp1 said:   My wife got denied with a score of about 730 and approved 4 months later with a score of about 770 (paid off some debt so score increased significantly). I would guess that your SO would get denied but there is only one way to find out.

Thanks for the info. Do you mind if I ask what her AAoA was when she got approved?
I'm not 100% sure but I'd like to say about 5-6 years. She had a few accounts closed due to inactivity (I kept on telling her use the cards just a little to keep them active).

I always thought the 3% category on BCP was underrated.

Chances of approval seem greater if you apply through a card-promotion site offering this. (See thread earlier this year in this forum). Was not creditworthy for any AMX until did exactly that--by e-mail was told could not get Blue Cash several times by name--yet easily approved using that channel.

SpeedingLunatic said:   I always thought the 3% category on BCP was underrated.

Yes it is. But until there's a viable alternative available for me, I'm just gonna go for it.

snork615 said:   Chances of approval seem greater if you apply through a card-promotion site offering this. (See thread earlier this year in this forum). Was not creditworthy for any AMX until did exactly that--by e-mail was told could not get Blue Cash several times by name--yet easily approved using that channel.

Thank you for the info. That's exactly what I plan to do as well. Plus, it gives a higher initial bonus of $250 compared to just $150.



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