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Need app spree advice

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Evel_Knievel
Established Member

Need app spree advice

Just made the 6th monthly payment on my Cap1 QS. Was automatically increased at 5 months from $300 to $1800!! Been adamant about PIF every month.

Considering an app spree to boost things up.

Checked my real FICO scores which are now

Equifax 680

Trans union 711

Am I better off to apply for about 5 or less cards at once?

I'm considering:

Chase Freedom

Discover IT

Amex

would like a Barclay NFL, was denied for one 7-8 months ago but had no credit then.

What cards or tactics would you suggest?

Message 1 of 19
18 REPLIES 18
lonelyisland
Frequent Contributor

Re: Need app spree advice

Do Barclay first. Smiley Happy

Message 2 of 19
B335is
Moderator Emeritus

Re: Need app spree advice


@Evel_Knievel wrote:

Just made the 6th monthly payment on my Cap1 QS. Was automatically increased at 5 months from $300 to $1800!! Been adamant about PIF every month.

Considering an app spree to boost things up.

Checked my real FICO scores which are now

Equifax 680

Trans union 711

Am I better off to apply for about 5 or less cards at once?

I'm considering:

Chase Freedom

Discover IT

Amex

would like a Barclay NFL, was denied for one 7-8 months ago but had no credit then.

What cards or tactics would you suggest?


I would app for Amex first, probably PRG and if approved pick a revolver.  PRG has a good sign up bonus and 1st year fee is waived.  If you don't have 12 months history yet, I would wait until then to apply for Chase. 

 

Any reason why you like the NFL card?  Sallie Mae offers 5% back on gas and groceries on every $250 purchases you make per month.  I think that's the best card Barclays offers, but this is obviously my opinion.

 

Just from your list though, I would app in this order:

1)  Amex

2)  Discover

3)  Chase (assuming you have at least 12 months history reporting)

4)  Barclays

 

Message 3 of 19
myjourney
Super Contributor

Re: Need app spree advice


@Evel_Knievel wrote:

Just made the 6th monthly payment on my Cap1 QS. Was automatically increased at 5 months from $300 to $1800!! Been adamant about PIF every month.

Considering an app spree to boost things up.

Checked my real FICO scores which are now

Equifax 680

Trans union 711

Am I better off to apply for about 5 or less cards at once?

I'm considering:

Chase Freedom

Discover IT

Amex

would like a Barclay NFL, was denied for one 7-8 months ago but had no credit then.

What cards or tactics would you suggest?


Didn't see a EX score and 2 of the lenders on your list pulls from EX Chase and Amex

Questions 

What was the reason for Barclay denial last time?

INQ's in the last 12 months

Any baddies?

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 4 of 19
Evel_Knievel
Established Member

Re: Need app spree advice

At the time of the Barclays app I had 2 baddies and a judgement that was/is PIF. All the baddies are gone except the judgement I'm stuck with until 2015.
No other CCs, just an auto loan with an $1800 balance always on time.
Maybe 3 inquiries in past 12 months, 2 for sure.
Waiting on the 6th PIF payment to post before I do anything.
Thanks for your help. Any advice is appreciated.
Message 5 of 19
Evel_Knievel
Established Member

Re: Need app spree advice

No other CCs besides the Cap1 Qs that is.
Message 6 of 19
Creditaddict
Legendary Contributor

Re: Need app spree advice

I would do:

Amex

Discover

Barclay

Chase

 

Message 7 of 19
myjourney
Super Contributor

Re: Need app spree advice


@Evel_Knievel wrote:
At the time of the Barclays app I had 2 baddies and a judgement that was/is PIF. All the baddies are gone except the judgement I'm stuck with until 2015.
No other CCs, just an auto loan with an $1800 balance always on time.
Maybe 3 inquiries in past 12 months, 2 for sure.
Waiting on the 6th PIF payment to post before I do anything.
Thanks for your help. Any advice is appreciated.

Based on this info ....go slow 

App the card you want the most if approved proceed to the next 

If you see a denial stop and reassess

Barclay and Chase I would make last if at all because both may deny based on low CC history and they have been known to.Smiley Sad

Those 2 IMHO I would wait until after I had  6 months of history down the road to show them 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 8 of 19
Evel_Knievel
Established Member

Re: Need app spree advice

MyJorney, are you saying app one at a time in the "same day" only proceeding after an approval?
Message 9 of 19
Creditaddict
Legendary Contributor

Re: Need app spree advice

I'd apply same day but I wouldn't stop if denied sixe you are applying for very different banks and can recon any denials after
Message 10 of 19
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