I need a second opinion!
Current CS is 752 on Experian, 745 on Credit Karma (even though I know it’s not as accurate). Income is roughly 51k, I’m new to my career so it could be between 51-60k by the end of the year. It just depends as I am still working on building clientele at the moment and have a separate side hustle. Self employed.
Got my first cc in Feb. with CS of 724. I’ve had previous car loan and rent that get reported to credit bureaus to help build in the past. My venture one card for good credit came with $1,000 limit. I’ve been using it for pretty much all purchases and paying it down as the month goes on so that by the time my statement gets reported it’s at low utilization.
***My dilemma is I’m spending about 3k on it for normal use. I don’t want to look like I’m credit cycling but theres no other way unless I just stop using it after a certain amount each month and go back to paying with debit or cash. I am going on a trip in early july and planning to move in October so I want either a CLI on the current card or to open a new card just to have a bigger revolving credit line. But C1 likely wont approve me for a new card(wanting the venture) until August as they require 6months between getting new cards. But then that hard pull on my Credit report will be right before moving and trying to get approved for new place. (Partners score is 810ish I think)
I tried to look into a CLI and they offered the lame +$100 that doesn’t make much of a difference so I denied the offer in hopes of a bigger CLI in the future.( I’m not sure if this was the right thing to do, feel free to give input)
OR Should I apply for the chase sapphire preferred, in hopes of getting a limit that is a few thousand out the gate. And doing it now while I have a few months to recover from the hard pull before moving. But with that I’ll now be entering a new eco system that is completely separate from the one that I could currently grow in. (I’m not opposed to paying the $95 for C1V or CSP cards)
Or should I just be patient and wait and see if C1 offers me anything on their own but from keeping my head down and continuing to use as I am?
TL;DR Caught in bad timing for wanting a higher credit limit for vacation. Stick with C1 or open a new card through a separate company.