Im looking for advice..
I am planning to refinance my auto loan in mid to late may.
Would i be making a huge mistake by applying for another credit card?
I just went to chase websie to see if i was pre qualified for a card and it says that im qualified for chase freedom and slate.
Im excited about having a new card other than capial one.
Fingerhut $ 70/900 Opened 11/2015
Overstock $ 164/ 350 Opened 11/2015
Victoria Secret $ 0/1200 Opened 2/2015
Kay Jewellers $ 115/900 Opened 4/2012
Capital One Platinum Secured $ 165/500 Opened 8/2014
Capital One Platinum Unsecured $ 380/1500 Opened 11/2015
Lumber Liquidators $ 380/1500 Opened 3/2016
Personal Loan $ 40/500 Opened 5/2015
Auto Loan $ 12,015/13500 19% apr Opened 8/2015
I currently have 8-10 Inquires
Average Age of Accounts 1 year 2 months
No late payments
1 account in collections $ 600 from 2012
Current credit score is 643 (vintage 3)
Of course most importantly i need to refinance my car so if this will be very harmful to my credit than i wont go for the chase. Hopefully i can still be prequalified after i refinance.
Also can anyone tell me what kind of results i can expect on my credit profile once my small personal loan of 500$ will be complete?
I dont believe i have a ho shot with the slate card as the prequal says but maybe i can get the Chase freedom