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Valued Contributor
Posts: 1,621
Registered: ‎09-15-2012
0

App Spree Levels

I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.


Does anyone else feel this way? What are the opinions of others on the levels of app sprees?

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Valued Contributor
Posts: 1,512
Registered: ‎09-14-2012
0

Re: App Spree Levels

I think everyone's definition will vary.  After closing on my house I did 8 cards, got all of them and my score stayed steady.  Some people will do 2 cards and have had enough!  Depends how much you can personally take of apping IMO!

Never take credit personally

NFCU cashRewards $25,000; BofA Business Cash Rewards $20,000; Amex Business Platinum; Chase Sapphire Preferred $24,200; Chase Marriott $20,000; Discover It $18,600; Citi DC $12,900; Capital One Venture $15,000; Penfed Platinum Sig $5,000; Barclay Arrival Plus WEMC $15,000; Barclays Hawaiian Air Biz $20,000; US Bank PLOC Overdraft $1,500; PenFed PLOC $20,000

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: App Spree Levels


SnackTrader wrote:
I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.


Does anyone else feel this way? What are the opinions of others on the levels of app sprees?
  • Average credit card debt per household with credit card debt: $15,956
  • 609.8 million credit cards held by U.S. consumers. 
  • Average number of credit cards held by cardholders: 3.5, as of yearend 2008
 
App-O-Rama is what people usually refer to as crazy app sprees.... like applying for 15 cards at once, but it's really stupid because most App-O-Rama idiot usually applies for massive amounts of store cards which are usually between two lenders. Comenty and GECRB so they'll know immediately that your at a high risk of charge and filing bankruptcy will close out all your cards. (happens more than you think)
 
Basics about an App spree is you do it on the same day so the lenders won't realize that your planning to cheat on them with other lenders from the start. After approved it's much easier to keep smooth sailing, kinda like after you get laid once by a person it generally tends to get easier Smiley Wink  and if they do catch you sleeping around it the first one usually likes being the first (PSECU, US BANK etc) 
 
The key is to only apply for cards that are ACTUALLY worthwhile, and not a card JUST to sock drawer. Although if your credit is established enough to be able to take multiple hits every month and stay above 760+  (possible) then you can stand back and REAP all the benefits of every promotion like this husband and wife team did. I <3 this
 
 




total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: App Spree Levels

Also most people are uneducated with credit like knowing about things like Trifecta , benefits of having checking with credit cards, cards that give you 6% back on your groceries, etc until they see it. They all assume it's 1-2 points back cause that's all they see on TV. I've NEVER seen them advertise 5%+ cards on TV personally.

 

 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
0

Re: App Spree Levels

Not app spree. App drive-by. LMAO.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Valued Contributor
Posts: 1,621
Registered: ‎09-15-2012
0

Re: App Spree Levels

I Love It! But I still think 3 or more is a full spree!

And thank you Distantarray for proving me right. But I don't know why you provided a ton of lecture material on app sprees... I think you may have misunderstood my post.

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: App Spree Levels

2-3 apps is a mini app spree, 4-5 is an app spree and 6+ is a round of "Press You Luck"


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: App Spree Levels

lol opps, but yea App sprees are fine when you aquire enough history and age to warrent continous apping while staying past 760+ scores. But it takes a long time to get to that point. But once your there your garden is flourishing and you won't have a problem finding enough bees to make your honey to make your life  a little sweeter =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
Posts: 566
Registered: ‎02-14-2012
0

Re: App Spree Levels


sccredit wrote:

I think everyone's definition will vary.  After closing on my house I did 8 cards, got all of them and my score stayed steady.  Some people will do 2 cards and have had enough!  Depends how much you can personally take of apping IMO!


+1

Really depends on your comfort level. I don't think there is a "right" number of cards and if someone chooses to app for 15 cards in a go, more power to them. Even if their scores drop, it's not permanent. No big deal as long as you can pay your bills.Smiley Indifferent

 

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP


Super Contributor
Posts: 7,495
Registered: ‎12-11-2011
0

Re: App Spree Levels


distantarray wrote:

SnackTrader wrote:
I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.


Does anyone else feel this way? What are the opinions of others on the levels of app sprees?
  • Average credit card debt per household with credit card debt: $15,956
  • 609.8 million credit cards held by U.S. consumers. 
  • Average number of credit cards held by cardholders: 3.5, as of yearend 2008
 
App-O-Rama is what people usually refer to as crazy app sprees.... like applying for 15 cards at once, but it's really stupid because most App-O-Rama idiot usually applies for massive amounts of store cards which are usually between two lenders. Comenty and GECRB so they'll know immediately that your at a high risk of charge and filing bankruptcy will close out all your cards. (happens more than you think)
 
Basics about an App spree is you do it on the same day so the lenders won't realize that your planning to cheat on them with other lenders from the start. After approved it's much easier to keep smooth sailing, kinda like after you get laid once by a person it generally tends to get easier Smiley Wink  and if they do catch you sleeping around it the first one usually likes being the first (PSECU, US BANK etc) 
 
The key is to only apply for cards that are ACTUALLY worthwhile, and not a card JUST to sock drawer. Although if your credit is established enough to be able to take multiple hits every month and stay above 760+  (possible) then you can stand back and REAP all the benefits of every promotion like this husband and wife team did. I <3 this
 
 




Oh wow...almost 9 inches...

 

 

rofl Smiley Tongue 



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