topic Re: App spree question in Credit Card Applications

App spree question

Anonymous — Wed, 15 Mar 2017 03:12:55 GMT

Can I app back-to-back? I feel like that's a yes, but now I'm questioning my idea. This is all so new to me. I have never really paid attention to my credit until SO and I recently bought a house and needed high enough scores. My goal is to spread my current CC debt with BTs over a couple cards then garden while paying it off.(Then never carry more than 9% total util again.) The 3 cards I want to app usually each HP from different CRAs according to my research. (PenFed, Barclay, and Discover) Will my FICO drop after I app the first and then second places, thereby making me less appealing to the 2nd and 3rd lenders? I currently only have 2 CCs and only a couple inqs. Thx

Re: App spree question

Anonymous — Wed, 15 Mar 2017 03:18:54 GMT

Barclay and Discover usually both pull TU, but it seems that varies.

Definitely pick the cards you really want and not worry about where they are pulling. Especially with just 3 cards you will be ok. Penfed and Discover are fantastic choices.

Re: App spree question

Anonymous — Wed, 15 Mar 2017 03:20:22 GMT

Could you offer us more data points such as your FICO scores, AAOA, inquiries, accounts, utilization....thanks!!

Re: App spree question

Anonymous — Wed, 15 Mar 2017 03:45:38 GMT

Sure. I didn't want to bog down my post unless someone thought the info pertinent.

FICO 8s right now EQ 739, TU 727, EX 728. (no baddies)

AAoA 9 yrs.

INQs 1 EQ, 2 TU, 2 EX

Chase 5400/10000

Amex 4400/21000 (0% intro ending next month)

and a Mortgage

Re: App spree question

Anonymous — Wed, 15 Mar 2017 04:16:44 GMT

Not bad at all...utilization around 32% but still looks good for some instant appprovals IMO...good luck

Re: App spree question

Anonymous — Wed, 15 Mar 2017 11:59:43 GMT

Agreed, you are good to go.

I would do Discover first since they are unpredictable and definitely a company you want in with. Then I would do Penfed 2nd. Whoever else you choose I'd do 3rd.

What are your goals with the cards? Looking for specific rewards, offers, or high limits?

Re: App spree question

Anonymous — Wed, 15 Mar 2017 04:26:09 GMT

Thank you, both.

Re: App spree question

Anonymous — Wed, 15 Mar 2017 05:14:58 GMT

Oh yeah...right now I need to do a BT. I want to avoid the extra $1-2K in int that my current cards will charge if I can. Do you think BankAmericard w/ 3% transfer fee and 0% int for 18 mos(been banking with them for years) or Barclay Ring with no transfer fee and 0% int for 15 mos would be a better 3rd option? I know Barclay's rep is going down. They are both pretty basic cards, beyond the BTs.

Re: App spree question

Anonymous — Wed, 15 Mar 2017 11:46:04 GMT

Shouldn't matter too much if you go back to back. If you stick with Barclays they will almost definitely pull TU.
I'd go for PenFed next. That one pull can get you several of their products.
Then Discover. For me, PenFed and Disco pull EQ

Re: App spree question

Anonymous — Wed, 15 Mar 2017 12:28:47 GMT

Related question. How will I know where the HP came from? My SO just got a Chase FU, but that info didn't appear to be anywhere--not on the acceptance page and not even in the paperwork they sent with the card.

Re: App spree question

Anonymous — Wed, 15 Mar 2017 13:32:16 GMT

With some paperwork it may be hard to find, but whenever you get an approval or denial the creditor will tell you which bureau was pulled when looking at your file, and the score they pulled at the time of their decision. There may be other 'factors' they include with this information.

Re: App spree question

Anonymous — Wed, 15 Mar 2017 16:52:48 GMT

Do they immediately show you who pulled and the score when they approve you, or do I have to call them? Chase hasn't shown us that info anywhere for either mine or SO's card, at approval or in the paperwork. I know it's not that big a deal. I've just been wondering where everyone gets their info.

Re: App spree question

Anonymous — Thu, 16 Mar 2017 03:33:25 GMT

CreditCheckTotal monitors all 3 and has a $1 seven day free trial. That will tell you who pulled what and give you full reports with FICO scores.

Re: App spree question

Anonymous — Thu, 16 Mar 2017 15:00:55 GMT

Good luck to you!

Re: App spree question

Anonymous — Thu, 16 Mar 2017 19:07:52 GMT

Thank you for answering all my newbie questions. I'm waiting for the big chunks I paid to my cards this month to be reported, making my numbers as strong as they can be right now. Then I will do my apps. Hopefully, it will be soon.

Re: App spree question

Anonymous — Thu, 16 Mar 2017 23:02:23 GMT

Good luck, mo813. As far as updates, Cap1, Chase, and Amex normally post for me 3 days after my statements cut, Navy just took two days but is also new so still learning. Most creditors have a similar window for reporting

Re: App spree question

Anonymous — Thu, 16 Mar 2017 23:26:12 GMT

That's very helpful info. Thank you!