To spree or not to spree...

Exonumist · ‎01-01-2014

Ok...

AAoA: About a year and ten months. Oldest account is over 2 years.

Inquiries: 2-3 on each All over a year except for one on experian from April

Utilization: Overall about 2%. 25% on one card and under 1% on another.

Limits from highest to lowest are 10k, 7.5k, 3.8k, 3k, 2k, .5k.

Income is about 40K

Scores are in signature.

I want a CSP (EX) , Merrill+ (Probably TU maybe EX), and Sallie Mae World Mastercard (TU).

What do you guys think?

09Lexie · ‎01-01-2014

Merrill+ pulled EX for me last week and I'm in So Cal. My file is much thicker than yours but you shouldn't have a problem with approvals .

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Exonumist · ‎01-01-2014

Yeah my aaoa is all that worries me. I feel pretty confident about approvals, but I wanted to get other opinions. The Cash+ sounds nice too, but I don't want to get too many new accounts. Also I think they are likely to pull EQ...

lg8302ch · ‎01-01-2014

@Exonumist wrote:
Ok...

AAoA: About a year and ten months. Oldest account is over 2 years.
Inquiries: 2-3 on each All over a year except for one on experian from April
Utilization: Overall about 2%. 25% on one card and under 1% on another.
Limits from highest to lowest are 10k, 7.5k, 3.8k, 3k, 2k, .5k.
Income is about 40K
Scores are in signature.

I want a CSP (EX) , Merrill+ (Probably TU maybe EX), and Sallie Mae World Mastercard (TU).

What do you guys think?

I have the exact same cards on my radar just in a different order...LOL. For myself I have decided that I will never do a spree anymore..my test last year was quite a good lesson... high APR (Freedom) and low limit (Discover). So my apps will be spaced out with at least 6 months in between apps. But that is just me and I am in no rush.

Good luck and pls update how it goes

Exonumist · ‎01-01-2014

Really the Sallie Mae is number one. Then CSP followed by the Merril+ last. I'm just thinking that the order I put them in would be best for the spree. I'd rather not spook Barclays in a few months when they see other new accounts. Once I have these three cards I'm good for a long time. I'd rather take the hit on aaoa now. That way in a couple years I'll have no inquireies when I'm ready for a house.

FinStar · ‎01-01-2014

@Exonumist wrote:
Really the Sallie Mae is number one. Then CSP followed by the Merril+ last. I'm just thinking that the order I put them in would be best for the spree. I'd rather not spook Barclays in a few months when they see other new accounts. Once I have these three cards I'm good for a long time. I'd rather take the hit on aaoa now. That way in a couple years I'll have no inquireies when I'm ready for a house.

The AAoA may come into play but I think there's a pretty decent chance of approval for all 3. Good luck and keep us posted!

longtimelurker · ‎01-01-2014

@Exonumist wrote:
Really the Sallie Mae is number one. Then CSP followed by the Merril+ last. I'm just thinking that the order I put them in would be best for the spree. I'd rather not spook Barclays in a few months when they see other new accounts. Once I have these three cards I'm good for a long time. I'd rather take the hit on aaoa now. That way in a couple years I'll have no inquireies when I'm ready for a house.

Re spooking Barclays. Not quite sure how real/widespread that really is, but not sure the order matters. If they really are hair-trigger, if you got them first and then opened two accounts, they would take AA. But by the same token, if you app for them last, you would get denied for too many new accounts.

If you really want the Sallie Mae, go for it first is my advice.

FinStar · ‎01-01-2014

@longtimelurker wrote:
@Exonumist wrote:
Really the Sallie Mae is number one. Then CSP followed by the Merril+ last. I'm just thinking that the order I put them in would be best for the spree. I'd rather not spook Barclays in a few months when they see other new accounts. Once I have these three cards I'm good for a long time. I'd rather take the hit on aaoa now. That way in a couple years I'll have no inquireies when I'm ready for a house.
Re spooking Barclays. Not quite sure how real/widespread that really is, but not sure the order matters. If they really are hair-trigger, if you got them first and then opened two accounts, they would take AA. But by the same token, if you app for them last, you would get denied for too many new accounts.

If you really want the Sallie Mae, go for it first is my advice.

+1

Agree.

Exonumist · ‎01-03-2014

Ok sounds good. So you guys think Sallie Mae, CSP, then Merrill+ in that order? I'm just waiting for everything to report and then I'm going to do it. About five more days to wait. lol.

Creditaddict · ‎01-03-2014

@Exonumist wrote:
Ok sounds good. So you guys think Sallie Mae, CSP, then Merrill+ in that order? I'm just waiting for everything to report and then I'm going to do it. About five more days to wait. lol.

yes that order... GO!