No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@Anonymous wrote:
You should definitely space them out to make sure you can spend and pay to get your bonuses and the limit the number of inquiries to just 1 to 2 per year.
By 1 to 2 inqs he means 45+
@Ghoshida wrote:
@lhcole77 wrote:
@Anonymous wrote:
@Anonymous wrote:
I did.
17 over 8 months.A lot of lenders get spooked when they see this. I have been declined for credit being too new, opening 6 accounts in 3 months even when several were au's.
Nixon I know you and the DW are focused on the advanced techniques of getting rewards cards on a regular basis and profiting from the ordeal. But the price you pay as you know is having Fico scores waaaaay lower than a person with your history and profile warrants. You'd probably be at 740 across the board without all the file activity.
So really it depends on what a person wants out of their file. If you are overly aggressive with building/rebuilding as many of us on here are (I like to say I am calculatingly aggressive and a piggybacker), then there will be some months where our profiles take a score drop of 30-50 points.
To avoid temporary large score drops and a year of being plagued with a file of double digit credit card inquiries, spacing out accounts is probably the better way to go.
I learned early on that none of this means much unless I use it. What's the point in having great files/scores if you don't put them to use?
Personally, I want the bonus. In order to get the bonus I have to get the card. In order to get the card I have to take a HP. Rinse, repeat.
I thought that way too when my file was thin; and then I would app for card and either get outright denied or crap limits.
To get to the stage where you could just app for any card (with whatever bonus) and get it, you need to either (a) have a thick, clean file or (b) resort to questionable means advised on other boards and discouraged here.
Also, we need to qualify what's "putting them to use" means.
For you, and some others, it could be card churning. For some others, it could be building up a solid profile so that when they really want something (a great card, a car loan, a mortgage) their profile fits in nicely.
Of course, if you're really at it, you could get both - but that means a lot of micromanaging and system gaming and honestly, not everyones up to it.
I don't understand.
@Anonymous wrote:
@Ghoshida wrote:
@lhcole77 wrote:
@Anonymous wrote:
@Anonymous wrote:
I did.
17 over 8 months.A lot of lenders get spooked when they see this. I have been declined for credit being too new, opening 6 accounts in 3 months even when several were au's.
Nixon I know you and the DW are focused on the advanced techniques of getting rewards cards on a regular basis and profiting from the ordeal. But the price you pay as you know is having Fico scores waaaaay lower than a person with your history and profile warrants. You'd probably be at 740 across the board without all the file activity.
So really it depends on what a person wants out of their file. If you are overly aggressive with building/rebuilding as many of us on here are (I like to say I am calculatingly aggressive and a piggybacker), then there will be some months where our profiles take a score drop of 30-50 points.
To avoid temporary large score drops and a year of being plagued with a file of double digit credit card inquiries, spacing out accounts is probably the better way to go.
I learned early on that none of this means much unless I use it. What's the point in having great files/scores if you don't put them to use?
Personally, I want the bonus. In order to get the bonus I have to get the card. In order to get the card I have to take a HP. Rinse, repeat.
I thought that way too when my file was thin; and then I would app for card and either get outright denied or crap limits.
To get to the stage where you could just app for any card (with whatever bonus) and get it, you need to either (a) have a thick, clean file or (b) resort to questionable means advised on other boards and discouraged here.
Also, we need to qualify what's "putting them to use" means.
For you, and some others, it could be card churning. For some others, it could be building up a solid profile so that when they really want something (a great card, a car loan, a mortgage) their profile fits in nicely.
Of course, if you're really at it, you could get both - but that means a lot of micromanaging and system gaming and honestly, not everyones up to it.
I don't understand.
I know you don't.
On a completely unrelated note, this is one helluva series: http://www.imdb.com/title/tt1819509/
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@lhcole77 wrote:
@Anonymous wrote:
@Anonymous wrote:
I did.
17 over 8 months.A lot of lenders get spooked when they see this. I have been declined for credit being too new, opening 6 accounts in 3 months even when several were au's.
Nixon I know you and the DW are focused on the advanced techniques of getting rewards cards on a regular basis and profiting from the ordeal. But the price you pay as you know is having Fico scores waaaaay lower than a person with your history and profile warrants. You'd probably be at 740 across the board without all the file activity.
So really it depends on what a person wants out of their file. If you are overly aggressive with building/rebuilding as many of us on here are (I like to say I am calculatingly aggressive and a piggybacker), then there will be some months where our profiles take a score drop of 30-50 points.
To avoid temporary large score drops and a year of being plagued with a file of double digit credit card inquiries, spacing out accounts is probably the better way to go.
I learned early on that none of this means much unless I use it. What's the point in having great files/scores if you don't put them to use?
Personally, I want the bonus. In order to get the bonus I have to get the card. In order to get the card I have to take a HP. Rinse, repeat.
I thought that way too when my file was thin; and then I would app for card and either get outright denied or crap limits.
To get to the stage where you could just app for any card (with whatever bonus) and get it, you need to either (a) have a thick, clean file or (b) resort to questionable means advised on other boards and discouraged here.
Also, we need to qualify what's "putting them to use" means.
For you, and some others, it could be card churning. For some others, it could be building up a solid profile so that when they really want something (a great card, a car loan, a mortgage) their profile fits in nicely.
Of course, if you're really at it, you could get both - but that means a lot of micromanaging and system gaming and honestly, not everyones up to it.
I don't understand.
I know you don't.
On a completely unrelated note, this is one helluva series: http://www.imdb.com/title/tt1819509/
Oh....
I get it.
I trust in thee.
@Anonymous wrote:
Oh....
I get it.
I trust in thee.
You shouldn't really put the inq count in your sig, you know?
@pizza1 wrote:
Its better to just app for 20 cards all at once like I did. That way you get it all over with, and they age together, LOL... (don't take my advice)..
I doubt it; good-looking cards are coming up every other week Not to forget the FOTM here
@Ghoshida wrote:
@Anonymous wrote:
Oh....
I get it.
I trust in thee.
You shouldn't really put the inq count in your sig, you know?
Why?
I didn't! 10 within a week. And yes, my scores dropped from mid 700's down to low 700's. EQ which is the one they seem to pull the most is the mid score and now is at 725 since I had to app for yet another card on Friday. But all 10 accts will be 6 months old by the weekend!