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In 6 months, I won't have any apps for credit out (I'm in the garden) and that puts me at April 2013.
In that month, I plan to CLI increase with:
Discover
BCE
I also plan to app for a Citi Dividend Visa. I'm guessing I should be in the low 700's (700-735) by then.
One year out (November 2013), however, I'll have 12 hard pulls showing for a year, not including the CLI's and Citi app, which would put me at 15 (assuming the CLI's are hard pulls).
IF, and ONLY IF, my scores are in the mid 700's (736-765), I'll app for the following:
Chase Sapphire Preferred
Citi Preferred Diamond
AMEX BCP via product change
If not, I'll wait until November 2014.
Thoughts?
Dividend Visa is decent right now because it has a $150 signup bonus v.s. the $100 signup bonus currently on Chase Freedom (these cards are basically the same w/ 5% rotating categories & 1% on the rest). However Citi is going to be more strigent than Chase with approvals although you have a much better chance of not getting stuck with a $500 limit. Citi is uber-generous with initial CL's.
Should I wait longer, to the 1 year mark, for my inq's to clear up? Is Citi inq friendly?
Inquiries stay on your CR for 2 years, however they only count against your scores for 1 year. I would sit in the garden for a bit and let those things slide right off your report.
Do you mean the full 2 years or the 1 year in which it counts against my FICO?
@Shogun wrote:Inquiries stay on your CR for 2 years, however they only count against your scores for 1 year. I would sit in the garden for a bit and let those things slide right off your report.
I'd garden for at least a year. Also some say it's good to app in a spree. That way they all age out at once and doesn't just drip off your report.
Citi is inquiry sensitive. Otherwise I would've apped for one of their cards.