Hey ladies and gentlemen! As some of you may have read, we closed on our first house about a week ago, and I went on a mini app spree. I was able to get a few new credt cards for my use. My current scores as of today are as follows:
Experian 697, Equifax 685, TransUnion 673
These are all pulls from the MyFico site, which we all know not all lenders use. My question though, is in two parts. First, when our Mortgage finally starts reporting, what will happen to my score? Will it go up, down, stay the same? What should I expect? I know once you have a mortgage reporting, your score is able to go higher than if you don't have a mortgage.
Secondly, during my App Spree, I did not get a card thats reward program was based on "miles". I was mainly looking at cash back rewards for whatever reason. I was at work today driving, and I started kicking myself, as we do travel quite often, and being able to get miles as a perk, would have been great. Question now, is do I app for another card to get bonus miles? If so, which one?
Lastly, the Amazon.com Credit Card, worth it? I have a Chase Freedom, and I know that the Amazon.com cards are issued by Chase. Chances of Approval pretty good? The only reason I ask, is that they have a $50 credit right now for approval, and 3x points on Amazon.com purchases. With the holidays coming up, I can use Chase Freedom of course, or grab the Amazon.com card.
My Inquiries are high, but when I check my credit report, it lists 5 inquiries for mortgage alone. And they're all within a 45 day time frame. 3 are the same company, checking 9 days apart total. I have the 3 other inquiries from last week. Total it's showing 8 on Experian, 8 on Equifax, and 7 on TransUnion. Granted though, it's counting each mortgage pull as a separate inquiry, which I didn't think it was supposed to do.
Sorry for the long post. Long day. Too many thoughts in my mind. 
Also, just read another thread on the Barclays card. Did the pre-screen offer, and it came up with:
Based on your information, these products might interest you: Barclaycard Arrival World MC as the recommended card. Looks like a good travel card.
Help meh, please myFico gurus!
Amex is taunting me in my browser ads, haha. Everywhere I go is the Amex Platinum, 50k bonus.
@WillF360 wrote:Hey ladies and gentlemen! As some of you may have read, we closed on our first house about a week ago, and I went on a mini app spree. I was able to get a few new credt cards for my use. My current scores as of today are as follows:
Experian 697, Equifax 685, TransUnion 673
These are all pulls from the MyFico site, which we all know not all lenders use. My question though, is in two parts. First, when our Mortgage finally starts reporting, what will happen to my score? Will it go up, down, stay the same? What should I expect? I know once you have a mortgage reporting, your score is able to go higher than if you don't have a mortgage. Hard to say if it goes up or down it all depends on the size of you files
If thick it could go up....If thin it's going down
Secondly, during my App Spree, I did not get a card thats reward program was based on "miles". I was mainly looking at cash back rewards for whatever reason. I was at work today driving, and I started kicking myself, as we do travel quite often, and being able to get miles as a perk, would have been great. Question now, is do I app for another card to get bonus miles? If so, which one? What are you looking for hotel, travel miles, cards etc etc
Lastly, the Amazon.com Credit Card, worth it? I have a Chase Freedom, and I know that the Amazon.com cards are issued by Chase. Chances of Approval pretty good? The only reason I ask, is that they have a $50 credit right now for approval, and 3x points on Amazon.com purchases. With the holidays coming up, I can use Chase Freedom of course, or grab the Amazon.com card.Discover will be 5% online shopping for holidays
My Inquiries are high, but when I check my credit report, it lists 5 inquiries for mortgage alone. And they're all within a 45 day time frame. 3 are the same company, checking 9 days apart total. I have the 3 other inquiries from last week. Total it's showing 8 on Experian, 8 on Equifax, and 7 on TransUnion. Granted though, it's counting each mortgage pull as a separate inquiry, which I didn't think it was supposed to do.
Sorry for the long post. Long day. Too many thoughts in my mind.
Also, just read another thread on the Barclays card. Did the pre-screen offer, and it came up with:
Based on your information, these products might interest you: Barclaycard Arrival World MC as the recommended card. Looks like a good travel card.
I still recommend its time to garden but if your going to app do it before mortgage reports
Thanks myjourney. I was heading to the garden, and then today while driving, I started worrying about what my score was going to do after the mortgage. I have a pretty thick file I think. I think anywhere from 18-26 accounts on each bureau. That's listed as a positive on every monitoring site that I view. But then when you do those score simulators, it normally does a score decrease when you add a mortgage. If I was going to get another app in, I want to do it while my score is at it's highest. I'm assuming within 6-7 months of on time mortgage payment, the score will be rebounding anyway, but not sure.
I stay in hotels weekly with my job, and my wife was a flight attendant, so we fly somewhat often as well. If I can stay in hotels and accumulate points for travel/miles, then that'd probably be the best bet.
@WillF360 wrote:Thanks myjourney. I was heading to the garden, and then today while driving, I started worrying about what my score was going to do after the mortgage. I have a pretty thick file I think. I think anywhere from 18-26 accounts on each bureau. That's listed as a positive on every monitoring site that I view. But then when you do those score simulators, it normally does a score decrease when you add a mortgage. If I was going to get another app in, I want to do it while my score is at it's highest. I'm assuming within 6-7 months of on time mortgage payment, the score will be rebounding anyway, but not sure.
I stay in hotels weekly with my job, and my wife was a flight attendant, so we fly somewhat often as well. If I can stay in hotels and accumulate points for travel/miles, then that'd probably be the best bet.
Yes scores will rebound if they even go down about 6 months give or take and with 18-26 accounts yes your file is thick...However your AAoA is getting ready to take a major hit from both new CC's and the mortgage.......
Just want you to have all the facts before you make your choice 
Our thing is, we are "planning" a trip to Disney next year for the 2 little ones. Having redeemable miles would certainly be a plus. I got trigger happy last weekend when applying, without really setting a firm "sight" on what I needed to accomplish.
My AAoA is 8 yrs 7 months on EQ, 12 Yrs+ on the other 2. I know it'll take a small hit. Most of those are from Student Loans and/or older closed credit cards.
Blah, what to do, what to do? Is there an "Easy" Button like on Staples?
The Amazon store card is backed by GE but only is really good for 0% offers.
The Chase Amazon Visa is pretty decent but Freedom and Discover are going into online shopping starting oct 1 - dec. 31 and I know for sure Discover counts Amazon and I think the freedom will too (so for the next 3 months those 2 cards are actually going to be better than the amazon visa.
so if you don't have discover, I would get that now and then next year if you are doing a lot of shopping at amazon, get it then... that's what I'm doing
I also would not get miles card, i just don't find they pay off... directly from airline maybe if you travel a lot or overseas but the benifits and ability to get tickets with the least miles turn in makes it very hard to make your daily spend worth it on a travel card