topic Re: My Goal Cards? in Credit Card Applications

My Goal Cards?

Anonymous — Thu, 25 May 2017 18:03:05 GMT

I was sitting here thinking about my goal Cards. (Cards I hope to obtain in the near future). My scores are growing every day. So can someone let me know if Im getting hot or do I still need to do alot more work before getting approved.

Goal Cards As Follows:

Chase Saphire Reserve

Amex Blue Cash Everyday

Amazon Prime Visa

NFCU Amex

Old Navy

USAA (not sure which card yet)

Auto Loan with NFCU (Not a card, but still a goal) -Really this should be at the top of the list

NFCU Go Cash Rewards

Seems like alot to me. But those are the ones I want!

Re: My Goal Cards?

Anonymous — Thu, 25 May 2017 19:04:38 GMT

I would recommend waiting to apply until you're closer to the 680ish range. Once you get there, just make sure you keep under 5/24 in order to get the CSR!

Out of curiousity, do you have a specific strategy you want to acheive with these cards? I'm always curious as to what drives folks to desire certain cards.

Edited to add, be careful applying for too many cards at once. You will probably get lower and lower CL's the more you open in a short period. I would spread out your apps, aiming to add two every 6 months or so.

Re: My Goal Cards?

Anonymous — Thu, 25 May 2017 19:31:59 GMT

Thank you for your response!! What do you mean " keep under 5/24" in order to get the CSR.

I want the CSR because I plan on doing some traveling.

The NFCU because its amex branded but will give NFCU limits (and its new)

Old navy because i shop there alot

Amex bce because I think it would be a good fit for a first Amex

Amazon prime because i do ALOT of shopping on Amazon

Re: My Goal Cards?

Anonymous — Thu, 25 May 2017 19:42:31 GMT

@Anonymous wrote:
Thank you for your response!! What do you mean " keep under 5/24" in order to get the CSR.

You're welcome! Chase has this very annoying rule that they will not approve your app if you've applied for 5 or more credit cards within a 24 month period. This applies for the CSR/CSP, Freedom and Freedom Unlimited (along with other Chase cards), so if you are aiming for any of those (the Chase trifecta if you don't own a small business), I would apply for those cards first. Best earning combo out there in my opinion!

Re: My Goal Cards?

Anonymous — Thu, 25 May 2017 23:45:29 GMT

@Anonymous wrote:
@Anonymous wrote:
Thank you for your response!! What do you mean " keep under 5/24" in order to get the CSR.

You're welcome! Chase has this very annoying rule that they will not approve your app if you've applied for 5 or more credit cards within a 24 month period. This applies for the CSR/CSP, Freedom and Freedom Unlimited (along with other Chase cards), so if you are aiming for any of those (the Chase trifecta if you don't own a small business), I would apply for those cards first. Best earning combo out there in my opinion!

5 or more new accounts* Not 5 or more apps.

Re: My Goal Cards?

AverageJoesCredit — Fri, 26 May 2017 00:19:14 GMT

Songburd18, its great to have goals. Make sure you research each card you want, verify what is usually needed to achieve it and plan accordingly. Make sure each card will work for your lifestyle, which seems you have, that way you dont waste an app. Having these kind of goals will help you tremendously with future apps because youll know not to go for one just because its hot or everyone is getting approved. Chase CSR, in example youll need to know the 5/24 rule, that it usually starts at 10k so youll know you cant have more than 5 cc approvals in 2 years and you should have compsrable limits to help get that one.

LOL, that new NFCU Amex will be Baskin Robbins flavor #32 when its released ! Best of luck on achieving all your credit goals

Re: My Goal Cards?

Anonymous — Fri, 26 May 2017 07:55:55 GMT

regarding the 5/24 rule....
Many of us have it reversed.
24 cards in 5 months😁😀
But you are going at it correctly...good plan

Re: My Goal Cards?

EricB123 — Fri, 26 May 2017 17:02:53 GMT

Hi Songbird18.

What cards do you currently have? That would influence my decision.

Thanks,

Eric

Re: My Goal Cards?

Anonymous — Fri, 26 May 2017 17:13:03 GMT

Goal cards are:

Chase Freedom (for some reason can not get this card)

Citi Prestige

NFCU Platinum for that low APR and free balance transfer incase of emergency ever

USAA Limitless for flat 2.5%

Re: My Goal Cards?

Anonymous — Fri, 26 May 2017 22:16:57 GMT

Good that you're gardening. I have a three year plan ... right down to what dates i apply for goal cards. I'm in the garden until Mar 2nd of next year when 13 inquiries fall off. I could probably get a few cards now, but I figure if I wait until March the odds will be better and CLs will be higher. My goal cards:

Mar 2nd - 2018: Discover, CapOne Quicksilver, Amex BlueCash Preferred,

May 22 - 2019: Chase Sapphire Preferred, Chase Amazon Visa

Good luck!

Re: My Goal Cards?

Anonymous — Fri, 02 Feb 2018 17:53:49 GMT

My Goal Cards?

Realistically The Chase Sapphire Reserve

Fantasy: Amex Centurion Card

Re: My Goal Cards?

Anonymous — Fri, 09 Feb 2018 20:06:55 GMT

Howdy! It isn't a lot of cards. The longer you stay in these forums and look at the number of cards people have, you will feel like you don't have enough. LOL!That was how I felt originally.

Now, I can give some insight regarding AMEX and CapOne. For the most part, AMEX has been approving people with Experian FICO scores around 625 and up (Delta Gold, BCE and even the Platinum AMEX) . There are A LOT of people on these forums reporting that. I can personally say that I was approved for my AMEX Gold Delta Skymiles Card at a 638. I gasped. I never expected that. I have gotten offers since then for the SPG, EDC and the Hilton Honors. If your Experian score is around 645 and you do not have any negatives in your credit history you should be approved. Now AAOA (average age of account) does play a factor into that. I know that the BCE is approving with SL as low as $500.00. For now, I would say wait 6 more month and then pull the trigger. That way you will have the other account semi established and would have waited for a possible CLI. That would definitely solidify you getting approved. Of course nothing is 100%.

Side Note: With the CapOne QS1, they should do an auto CLI after your first 6 months of paying your bill on time. If you have $300.00 now it will probably go up to $500.00 or $750.00 depending on your score. Make sure that your income is up to date on the CapOne app so that when they do consider you for a CLI (which they look at all of the time) they will give you the correct limit. After you have had a CapOne card for 1 year you become eligable for a PC, depending on your credit. At that point, if you have a great history you could be considered for a QS or a Venture(One) with a lower score than normally required.

Good luck with your credit journey. Hopefully something I said helps you. You are almost there.