05-09-2013 07:20 PM
I just finished going on my first app spree! I was 5/5 on Capital One Platinum, Discover It, Chase Freedom, BofA Cash Rewards, and Citi Diamond Preferred. I'm suffering from post app remorse, BUT I've been rebuilding with a secured card for the last year and a half so it feels good to finally have decent cards
How many apps do you do on your app sprees and how much do you think is too much?
05-09-2013 07:26 PM
I just did my first real app spree a few weeks ago. I did 5 cards: citi forward, discover IT, boa travel, and barclays upromise.
all my other apps were spread out over around a month when I first started my credit journey.
I would say, a heavy app spree of 10+ might be too much (depending on your profile). those inqs add up and you'll prob end up being denied for the last couple.
05-09-2013 08:20 PM
I tend to keep my spree between 2-4 cards then hit the garden for 6 months so after 2 years
I have INQ's falling off in bunches every 6 months
05-09-2013 08:25 PM
Congratulations on your approvals - nicely done!
I've only done one app spree and that was last November. And actually, I applied for 1 card and then waited a week and then applied for 2 more. Not sure why I didn't do them all in the same day, but I think originally I only wanted to app for one and then a week later I figured might as well get a couple more if I can.
05-09-2013 09:58 PM
05-09-2013 10:58 PM
I typically go 1-3 at a time. If I'm denied, I stop apping then and there, if approved, that means the green light to app for whatever card I think I would qualify for. Speaking of which, I've got one app planned for tommorow, and then I'm done for the next couple of years. Just do 2-3 apps every 6 months or so until you get the cards you want, then go into the garden...and don't apply for anything else..lol.
05-10-2013 01:14 AM
I just finished up an app spree with 3 apps, 2 of which were planned (Citi Simplicity and PayPal Extras MC) and the 3rd being a store card (JCP) I applied for on a whim in-store.
In the past, I did one with 8 approvals (3 denials). I definitely don't think I'd ever do that again, but as my credit is really young, it gives me a solid base to build with for AAOA.
05-10-2013 04:45 AM
I did 7. Kinda overdid it though.
I apped for Amex BCP, CSP, Freedom, Cash+, Arrival, Thank You Preferred and Discover. Declined for BCP and everything else approved.
Hoping to apply for BCP, Thank You Premier end of this year, and maybe an Amex charge card as well.
Anyone got any suggestions?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.