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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

Re: How to go about an app spree?


tcbofade wrote:

Gee, did you ask the right question for this crowd....  :smileytongue:

 

I think the general consensus is that a true app spree involves quite a bit of alcohol and clicking on the "apply now" button until they stop sending you denials and send you a personalized email that says, "What part of NO did you not understand?"

 

:smileytongue:

 

Me, personally?

 

I would tell you to wait until you're ready (and until your CR's are ready), then apply for the ONE that you most wish to have.


I wonder who you are talking about with this statement?  Since I got my two secured cards in June I'm on an 8 for 8 app spree success trade with only 1 recon. The simple matter is the only peoptilt hat have told me no during my entire rebuild, including GW, PFD, disputes l, etc, was Verizon. Credit card companies no longer tell me no!  And it's a great feeling. 



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

Take the FICO Fitness Challenge
Valued Contributor
tcbofade
Posts: 2,043
Registered: ‎09-26-2011

Re: How to go about an app spree?

No one in particular, I promise!

 

 


Current Scores: EX 676 (FCR) TU08: 648 Wally (TU08). 07/01/14 Last app 05/29/2014.
Gardening until 01 November 2014.
(Thou shalt not app, thou shalt not app, thou shalt not app...)
Zero percent financing is where the devil lives...
Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

Re: How to go about an app spree?

:smileywink:. But to OP. it is common practice to app for 2-3 cards you want at the same time then garden.


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

Take the FICO Fitness Challenge
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: How to go about an app spree?

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Regular Contributor
loviedovie
Posts: 206
Registered: ‎12-20-2012

Re: How to go about an app spree?


Rhaeny wrote:

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


 

Ooooh when you app for a card while you shop they don't do a hard pull?


Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: How to go about an app spree?


loviedovie wrote:

Rhaeny wrote:

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


 

Ooooh when you app for a card while you shop they don't do a hard pull?


No that's not correct.  When you're in the store it is definitely a hard pull.  The shopping cart trick is when you go to any of the sites the issue cards from Commenity (formerly WFFNB) and when you go to check out a pre-approved offer pops up.  In order for this to work you have to be opted in and your address on your credit report should be your current one.  You just put an item in your shopping cart and go to check out.  If there is a pre-approval waiting for you it will pop-up to tell you so.  You only enter the last 4 digits of your ss# and just a few other details (can't quite remember exactly what they were) and you've got your account.  This is all done with a soft pull.  

 

I've read that some people have tried it for months before they got it, but I got all of mine within a day or two of each other.  You can check your SP's to see who is checking your credit and that will tell you if you might have a pre-approval waiting for you.  If you have to put in your full ss# then that is a hard pull and not a pre-approva.  However the pre-approval clearly says "pre-approved" so its not hard to miss.  I got The Avenue, Victoria's Secret, Catherines & Woman Within with a total CL of $2K.  So these shopping cart accounts with SP's were in addition to the HP's for those inquiries.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: How to go about an app spree?

[ Edited ]

Rhaeny wrote:

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


thats an excellent strategy to follow...I just helped my mom with her application spree and did some research on the banks she wanted to apply for (who pulls what CR, who is inquiry sensitive, etc). She applied in this order:

 

Chase (approved 6k) pulls EXP

American Express BCE (approved 3500) only pulled EXP

Wells Fargo (approved 8500) pulled EQ

all the above i know are inquiry sensitive and since i knew they all pulled EX or EQ (AX may pull all 3 if borderline) we went ahead and submitted all applications one right after another (used 2 PCs...lol).

 

Then we went with the ones that pull TU most of the time:

 

Walmart Discover (approved 2k)

Dillards American Express (approved 1500)

 

the only one that denied her was US Bank (who she also banks with along with WF) so she will be closing her checking and savings account with them.

 

Thats all the application and cards she wanted. Most likely will not apply for anything else within the next couple of years. So in total she applied for 6 credit cards and it ended with 3 INQs on EX (Chase, AX, US Bank) 1 on EQ (WF) and 2 for TU (Walmart, Dillards).

 

I prepared her for her application spree (thanks to myfico forums and posters)



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: How to go about an app spree?

[ Edited ]

dodgerslv wrote:

Rhaeny wrote:

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


thats an excellent strategy to follow...I just helped my mom with her application spree and did some research on the banks she wanted to apply for (who pulls what CR, who is inquiry sensitive, etc). She applied in this order:

 

Chase (approved 6k) pulls EXP

American Express BCE (approved 3500) only pulled EXP

Wells Fargo (approved 8500) pulled EQ

all the above i know are inquiry sensitive and since i knew they all pulled EX or EQ (AX may pull all 3 if borderline) we went ahead and submitted all applications one right after another (used 2 PCs...lol).

 

Then we went with the ones that pull TU most of the time:

 

Walmart Discover (approved 2k)

Dillards American Express (approved 1500)

 

the only one that denied her was US Bank (who she also banks with along with WF) so she will be closing her checking and savings account with them.

 

Thats all the application and cards she wanted. Most likely will not apply for anything else within the next couple of years. So in total she applied for 6 credit cards and it ended with 3 INQs on EX (Chase, AX, US Bank) 1 on EQ (WF) and 2 for TU (Walmart, Dillards).

 

I prepared her for her application spree (thanks to myfico forums and posters)


+1 

This way even if some other CC you want pops up that you want later...or even sooner I don't think it would look so bad versus a gazillion inquiries on one report.  However these creditors are not stupid and do know that if they only see 3 inq yet 10 new accounts opened in the last few months that you probably took the HP's on the other reports.  And then too all of this ages at the same time so maybe the garden mode isn't so hard for some people. :womanhappy:


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: How to go about an app spree?

[ Edited ]

Rhaeny wrote:

dodgerslv wrote:

Rhaeny wrote:

My strategy was to spread out my inquiries over all 3 CRA's.  So I looked up which reports the creditors that I wanted pulled.  I made my decision based on that.  This way I didn't have 15 apps on one report.  All credit I applied for was approved except one which was Amex.  So my app spree landed me with 6 HP's on two reports and 8 on the third one.  But it should be noted that some of those inquiries were from an auto loan.  I also opened up 3 or 4 cards using the shopping trick.  As I look back I wish I hadn't taken up on all of the shopping cart cards but whats done is done. 


thats an excellent strategy to follow...I just helped my mom with her application spree and did some research on the banks she wanted to apply for (who pulls what CR, who is inquiry sensitive, etc). She applied in this order:

 

Chase (approved 6k) pulls EXP

American Express BCE (approved 3500) only pulled EXP

Wells Fargo (approved 8500) pulled EQ

all the above i know are inquiry sensitive and since i knew they all pulled EX or EQ (AX may pull all 3 if borderline) we went ahead and submitted all applications one right after another (used 2 PCs...lol).

 

Then we went with the ones that pull TU most of the time:

 

Walmart Discover (approved 2k)

Dillards American Express (approved 1500)

 

the only one that denied her was US Bank (who she also banks with along with WF) so she will be closing her checking and savings account with them.

 

Thats all the application and cards she wanted. Most likely will not apply for anything else within the next couple of years. So in total she applied for 6 credit cards and it ended with 3 INQs on EX (Chase, AX, US Bank) 1 on EQ (WF) and 2 for TU (Walmart, Dillards).

 

I prepared her for her application spree (thanks to myfico forums and posters)


+1 

This way even if some other CC you want pops up that you want later...or even sooner I don't think it would look so bad versus a gazillion inquiries on one report.  However these creditors are not stupid and do know that if they only see 3 inq yet 10 new accounts opened in the last few months that you probably took the HP's on the other reports.  And then too all of this ages at the same time so maybe the garden mode isn't so hard for some people. :womanhappy:


i agree, thats why i told her that no more applications for at least one year. She only had 4 credit cards before this application spree Discover (6k), Macys (2.5k) Citi (7k) and Capital One (5k). All those accounts were more than 2 years old (oldest 9 years). Had a total of 4 inquiries from all 3 CRA. Utility was at 7%. Scores were 722 TU, 725 EQ and EX (American Express pulled)-731



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





Community Leader
Valued Contributor
starry1
Posts: 2,071
Registered: ‎11-29-2012

Re: How to go about an app spree?

[ Edited ]

Duncanrr wrote:



I wonder who you are talking about with this statement?  Since I got my two secured cards in June I'm on an 8 for 8 app spree success trade with only 1 recon. The simple matter is the only peoptilt hat have told me no during my entire rebuild, including GW, PFD, disputes l, etc, was Verizon. Credit card companies no longer tell me no!  And it's a great feeling. 

Are you apping right now?:smileytongue:

 


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 7/28/14 TU 605; EQ 635; EX 632
Goal Score:  625 for now– New goal 675

Cap1 sec $700 (SD) / FP $300 (closed) / Fingerhut $1300 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k
Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)

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