I’ve been lurking here for the past month or so, but I finally created an account today because this week has been a big deal for me, and I have a question which you guys may know the answer to.
Little bit of background knowledge. I’m a rising second year student, and as far as credit is concerned, I’ve only had one. This card would be the Wells Fargo College Card. I started off when I turned 18 with a $ 500 limit, and it was increased this spring to $ 800. During the summer I decided to shop around on banks for my checking, and decided to go with PNC. I applied for their CashBuilder card, but was denied for the typical student reasons (insufficient credit history, loan balances too high, etc.). It did give me a credit report out of it at least (learned my Experian is 722).
Anyway, in the last month, I learned that I have the chance to study abroad in France this upcoming spring, so I began research on a card with no foreign transaction fees. I became engrossed in learning about all the different banks, cards, and options not just for my time as a student, but for (what I thought) would come after graduation. I settled on the Discover Chrome and Capital One Journey for the immediate future. Discover is clearly my favorite (most of what I buy is gas / eating out), but the acceptance in France is minimal, so I needed the Journey too.
I was instantly approved for both. Don’t know how much my CL on the Chrome is, but my Journey gave me $ 2,000. This seemed really high to me, considering I have only had one card, for just over a year, which is only at $ 800. I slept on this for a couple nights, and decided that I was too curious on whether or not I should have tried for the Capital One Quicksilver first.
To test this, I decided to apply for the Chase Freedom (a card that I planned on applying for next summer), just to see if I could get a ‘big boy’ card. I was instantly approved for $ 2,500! I was surprised, shocked, amazed, etc!!!
Then I got even more curious. I now had a great rotating category card, but what if I could get (in my opinion) the best flat cashback card out there: the Citi CashBuilder. I had heard stories about how you need excellent credit, and years worth of history, so I figured this would be the card to get after graduation. But, I decided to try now, because why not. My score can take the pulls now since I don’t plan on applying for anything huge. So I pulled the trigger, and was instantly approved for $ 1,500!!!! Again, I was shocked.
So this week has been great to say the least. But, I can’t help but kick myself for applying for the Journey, when it seems obvious to me that somehow, I could have had a pretty good shot at the QuickSilver. So now I get to my question.
What are the chances for me to change the Journey to a Quicksilver before December. I know Capital One gives an automatic credit limit after 5 months, and that in some cases, you can upgrade that early, but would it be possible to do it sooner? If I wait until my 5 months, that gives a very short time for me to actually receive the card which I would desperately need.
Also, I’m wondering just how high PNC’s standards are for credit. It seems really odd that I could get a $ 2,500 CL with Chase (who I’ve had no relationship with) but couldn’t get even a small limit with PNC who I migrated my checking to.