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After deciding to put off refinancing my house for at least a year I decided to try my lukc at an app spree. My only app in the last 12 months was for NFCU Cash Rewards which I got an instant 15k approval for about 2 weeks ago. The new card hasn't hit my reports yet. Should I wait until it shows up or should I just go for it?
My spree will probably include the following:
PenFed Platinum Rewards
Amex BCP
CSP
Citi Forward
Thanks in advance
Id say wait unti it reports, by doing so your chances of getting approved are HUGE. I say wait.
I would also wait as that would help you a lot when getting the csp.
I think you will be fine either way. Keep in mind that some companies (AmEx I think) don't like to see recent inquiries, so it might be better to apply for some of them before the NFCU reports. On the other hand, the high limit will help the other cards give you higher limits. I don't think it will matter in the end though with your scores.
If you wait for it to report your AAoA will go down, possibly lowering your score. If you are going to app anyway I would do it now . Start with most wanted to least (or most inquiry sensitive to least).
As for refi, if it saves you money do it. You can always app for the cards later on.
Thanks for the input. The reason I'm holdin off on the refi is because my LTV is still high since it is only 13 months old. I'm ok with waiting because I don't have a lot of choice without going too far backwards.