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Established Member
uroosa1
Posts: 61
Registered: ‎07-21-2012
0

Mini-app spree possible with my current credit history?

So I am going to apply for 4 credit cards next week. What are my chances for approval.

I have decent income also.

 

This is what my creditors will see.

 

Wells fargo visa  -16bal / 300 cl  11-12 mo age

Sallie mae loan    - 900/3200      1yr 6mo age   

Salle mae loan     - 400/1400       1yr 6mo age

DepEdu  loan      - 900/ 3200             6mo age

DepEdu loan       -300 /1200              5mo-age.

 

AOA -11 months

My EQ FiCO is 743

My revolving utilz is 6%

I have 0 inquries on all 3 reports.

 

This is the cards I am going for:

Chase Freedom

Citi Divd MC

NFCU Visa

BOA or WF visa

 

Is it possible to be approved or should i aim for lower end cards?

Also with 0 inq which card should i go with first?

Is it possible to get higher then 1000cl with my history? (i'd be happy with 1500cl)

 

If i get approved for even 2 outa 4, Im gonna garden for atleast 1-2 years

 

Thanks for the help and I will keep you guys updated on my progress. So it might help others in the same boat as me.

 

 

Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Mini-app spree possible with my current credit history?

Id apply for NFCU first.  Hope they give you a great starting limit and wait a month for it to report.  Then I would app with chase and citi.  If you app now your likely to get 500-1000cl's

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Mini-app spree possible with my current credit history?

apply for them all at once so they won't see the inquiries since it takes atleast a day to post. You won't have to worry much unless your applying for 10+ cards then your asking for your cards to be shut down.

 

4-5 apps are fine and fly under the radar as long as it's not 4-5 apps with the same issuer like GECRB. Personally if you go on a mini app spree that's fine, but just don't be an idiot and go on a app-o-rama / drapping


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Member
uroosa1
Posts: 61
Registered: ‎07-21-2012
0

Re: Mini-app spree possible with my current credit history?

If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?

Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Mini-app spree possible with my current credit history?

OP where are you located.  We can give you a round about who pulls what idea.  That way you can plan your inquiries

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Mini-app spree possible with my current credit history?


uroosa1 wrote:

If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?


If your brother is a member then yes your eligible.  They will HP you for membership.  That will be on TU.  For a cc it will be an additional HP on EQ.  Another one for auto loan.  They are trigger happy with HP's but they are worth it.  NFCU makes HP's worth it!

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Mini-app spree possible with my current credit history?


uroosa1 wrote:

If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?


Navy uses TU to open accounts and EQ for credit applications so you won't be able to do it from the same pull atleast from my experience and what I been hearing that's the norm. And yes family members make you eligible.

 

Also at the time of application for a credit card apply for NavChek. NavChek is a overdraft line of credit protection for your checking. Most will NEVER use it, but it reports as a credit card on your reports. It never gets canceled for inactivity, reports a super high limit to your credit reports (usually matches your credit card limit)

 

What it does is let's say you have $500 in your checking, and got approved for a $5,000 NavChek. If you really wanted you could write a check for $5,500 and it'll clear just fine. The deficit goes into your line of credit. Basically it's a on demand cash advance which is great. Interest rates are very good especially compared to other cash advances, Navy doesn't charge any extras at all.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Member
uroosa1
Posts: 61
Registered: ‎07-21-2012
0

Re: Mini-app spree possible with my current credit history?

I am located in NC. So it would greatly help to know which CC check what agency. But Your saying If i apply on same day with diffrent banks. They will all see 0 Inq when they pull report. Since Inquries only hurt for one year. I'm thinking of applying with 5 prime Companys then waiting atleast a year. also I would be eligible for CLI a few months down the road so even with 5 prime cards with 500-1000 cl is fine as long as the limits eventually will go up.

 

But its horrible that navy is gonna pull a hard on each product. So One for checking then another for CC, also a third for Auto. whats the point of doing 3 hard pulls in one day. So i have to get a Navy checking to get a Navy CC?

 

Is it worth applying for a amex? or am i talking crazy here with my short history.

Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Mini-app spree possible with my current credit history?


distantarray wrote:

uroosa1 wrote:

If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?


Navy uses TU to open accounts and EQ for credit applications so you won't be able to do it from the same pull atleast from my experience and what I been hearing that's the norm. And yes family members make you eligible.

 

Also at the time of application for a credit card apply for NavChek. NavChek is a overdraft line of credit protection for your checking. Most will NEVER use it, but it reports as a credit card on your reports. It never gets canceled for inactivity, reports a super high limit to your credit reports (usually matches your credit card limit)

 

What it does is let's say you have $500 in your checking, and got approved for a $5,000 NavChek. If you really wanted you could write a check for $5,500 and it'll clear just fine. The deficit goes into your line of credit. Basically it's a on demand cash advance which is great. Interest rates are very good especially compared to other cash advances, Navy doesn't charge any extras at all.


+1 navcheck  or overdraft line of credit is awesome

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Mini-app spree possible with my current credit history?

do you have any derogs on your reports?

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club

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