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Member
KA14
Posts: 26
Registered: ‎07-13-2014
0

What order?

I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE
Barclaycard Rewards Mastercard
Chase Freedom
Citi Simplicity
Discover It

Thanks!
20 year old, married, college student, and self employed day care owner. As of 9/15/14: Eq 699, Tu 724, Ex 706 - credit history is 1y3m old and AAoA is 4/5 months. Income of $45k, household income of $90k with $15k in assets.

BankAmericard Cash Rewards Signature Visa $10k, Chase Sapphire Preferred $5k, PayPal Extras MasterCard $2.5k, AmEx Gold Delta Skymiles $2k, Chase Freedom $2k, Sallie Mae MasterCard $1.5k, Walmart MasterCard $1.2k, Amazon Store Card $700, Chase Slate $500, and Quicksilver $500.
Established Contributor
MT936
Posts: 658
Registered: ‎06-28-2014
0

Re: What order?

The order of importance for you

NPSL...................$7500..................$5100...................$2500...................$2500..................$1300..................$500..........

21 year old college student. 751 FICO. Been building credit since age 17. Last APP 7/14/14

Regular Contributor
Simba501
Posts: 170
Registered: ‎06-01-2014
0

Re: What order?

[ Edited ]

I may be mistaken, but if you do them all at once, they'll all pull the same reports (thus, none of them will see the others' inquiries - at least, not at the time of application).  I would apply for everything I wanted in one day.

Established Contributor
DrZoidberg
Posts: 551
Registered: ‎04-03-2014
0

Re: What order?


KA14 wrote:
I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE
Barclaycard Rewards Mastercard
Chase Freedom
Citi Simplicity
Discover It

Thanks!

Here is the order I would do it:

 

Barclaycard- Pretty inquiry sensitive

Citi- They are inquiry sensitive and I would get them out of the way first.

Amex- Not so inquiry sensitive but are still picky.

Chase- I'd save this one for close to last, although they are inquiry sensitive you already have a relationship with them. 

Discover- Easiest one to get

 

 

Established Contributor
heyarrnold
Posts: 1,030
Registered: ‎03-10-2014
0

Re: What order?

[ Edited ]

Simba501 wrote:

I may be mistaken, but if you do them all at once, they'll all pull the same reports (thus, none of them will see the others' inquiries - at least, not at the time of application).  I would apply for everything I wanted in one day.


No, they will. As soon as the POST request is sent to the server, the inquiry will appear. The inquiries will be placed in the order received by the server, and available in the same manner. 

 

And as far as applying goes:

 

Barclay

Amex

Chase

Citi

Discover

GARDENING AS OF 10/06/2014                                                                            21 YEAR OLD UCSB ALUMNI :smileyhappy:
EQ FICO790
EX FICO795
TU FICO801
Valued Contributor
Themanwhocan
Posts: 1,657
Registered: ‎04-04-2013
0

Re: What order?

[ Edited ]

KA14 wrote:
I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE                (1)   First i would apply for a Sallie Mae Rewards mastercard, not the BCE
Barclaycard Rewards Mastercard  (2) Second I would apply for Fidelity American Express
Chase Freedom   (4) I would prefer to wait until I had experience with large credit limits, but... apply for this fourth
Citi Simplicity  I see no reason to ever apply for this card. But if you insist on 5 cards... get the BCE at this point if you can.
Discover It   (3) Third I would apply for Discover IT

Thanks!

 

My comments above, plus a chart that explains why a Sallie Mae is better than a BCE. And why you may want to eventually get 2 Sallie Mae cards.

 

cardchart1.png


Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,552
Registered: ‎10-02-2012
0

Re: What order?

Yes to what themanwhocan said Sallie Mae is better.

$1,000$600
EX FICO---, EQ FICO---, TU FICO 603, Gardening Since 10-05-14
Community Leader
Valued Contributor
DaveSignal
Posts: 2,109
Registered: ‎07-29-2011
0

Re: What order?

I think the most relevant point about the chart is that, compared to other cards with similar underwriting criteria, there is never a scenario were BCE wins.

OP, if you want a no-AF Amex credit card, the EveryDay is a great option.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Member
KA14
Posts: 26
Registered: ‎07-13-2014
0

Re: What order?

Does the Everyday have the same approval criteria as the BCE? I am looking for a no annual fee Amex to get my foot in the door with them.
20 year old, married, college student, and self employed day care owner. As of 9/15/14: Eq 699, Tu 724, Ex 706 - credit history is 1y3m old and AAoA is 4/5 months. Income of $45k, household income of $90k with $15k in assets.

BankAmericard Cash Rewards Signature Visa $10k, Chase Sapphire Preferred $5k, PayPal Extras MasterCard $2.5k, AmEx Gold Delta Skymiles $2k, Chase Freedom $2k, Sallie Mae MasterCard $1.5k, Walmart MasterCard $1.2k, Amazon Store Card $700, Chase Slate $500, and Quicksilver $500.
Valued Contributor
bigblue7722
Posts: 1,249
Registered: ‎05-17-2013
0

Re: What order?

[ Edited ]

KA14 wrote:
Does the Everyday have the same approval criteria as the BCE? I am looking for a no annual fee Amex to get my foot in the door with them.

I would say its very simlar. However, The everyday is much different than the BCE rewards wise. It really depends on what you want. A lot of people like to get a charge card with them first to get the foot in the door you can acutally do a 2 for 1 app if they are both done on the same day. I would personally go with the BCE (cash back card), reason being that you want to apply for the freedom. With the freedom you could then get the CSP and get the best bang for your buck with points. 

TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900

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