I will be frank. I really want the Chase Sapphire Preferred visa card. I moved to the States in the beginning of this year and have been trying to build my credit, particularly using the Sapphire Preferred card as my ultimate target.
Right now I have 3 credit cards applied and approved this year as well as 1 rejected application, so total credit inquiry is 4.
My credit score is low 700s per creditkarma.
I always pay my bills ahead of time so my credit utilization is <8%. I have a good level of income but my average credit history is only 5 months. I have no plan to buy a house or a car for the next 2 years so I won't take out loans.
I have 2 questions:
- What are the best ways for me to increase my credit score to >750?
- Is it reasonable for me to apply for more credit cards. I know too many inquiries per year can hurt credit but would the net benefit be positive?