topic Suggestions on what to apply for in Credit Card Applications

Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 08:34:37 GMT

I recently got a significant score update thanks to paying off my existing credit card balances and getting approved for a 3k limit on the totalfuelrewards mastercard through comneity's shopping cart trick.

EQ: 723, EX: 741, and TU: 728

I wanted to go ahead and fire off some apps before the end of the year (or maybe january?) and wanted some suggestions.

I have 4 inquiries on EQ, 2 on TU, and 5 on EX. In january some of those will expire and bring me to 2 on EQ, 1 on TU, and 2 on EX.

I was thinking of applying for Chase freedom, Amex BCE, and Barclays mastercard. Thoughts/suggestions?

Re: Suggestions on what to apply for

Blodreina — Fri, 05 Dec 2014 08:40:11 GMT

Go for what you want; you'll probably get it.

Re: Suggestions on what to apply for

SunriseEarth — Fri, 05 Dec 2014 10:27:50 GMT

@Anonymous wrote:
I recently got a significant score update thanks to paying off my existing credit card balances and getting approved for a 3k limit on the totalfuelrewards mastercard through comneity's shopping cart trick.

EQ: 723, EX: 741, and TU: 728

I wanted to go ahead and fire off some apps before the end of the year (or maybe january?) and wanted some suggestions.

I have 4 inquiries on EQ, 2 on TU, and 5 on EX. In january some of those will expire and bring me to 2 on EQ, 1 on TU, and 2 on EX.

I was thinking of applying for Chase freedom, Amex BCE, and Barclays mastercard. Thoughts/suggestions?

If you haven't already set an MSD for AMEX, then apply soon. You may also want to apply soon for the Chase Freedom to get the $200 offer. As for Barclays, do you mean the Rewards MC? Why that one?

Re: Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 14:39:55 GMT

If you're already looking at Barclays, look no further than the Sallie Mae MasterCard. The Freedom is also a good choice with the nice sign up bonus right now.

Re: Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 17:49:38 GMT

for what I've seen here with that info you can get what you want. I would app for the BCE in january as I've seen they do this for backdating purposes.

Re: Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 18:06:26 GMT

Unfortunately i don't have an MSD with AMEX yet. If i apply for it in january does it count as 2015 or 2014?

So my current list goes: Amex BCE, Sallie Mae Barclays, and Chase freedom. Is there any particular order you guys recommend in terms of submitting apps?

Also i've heard about applying for Amex Green and then BCE in the same day b/c its easier to get approved for green and they use the same credit check for BCE?

Re: Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 19:04:05 GMT

@Anonymous wrote:
Unfortunately i don't have an MSD with AMEX yet. If i apply for it in january does it count as 2015 or 2014?

So my current list goes: Amex BCE, Sallie Mae Barclays, and Chase freedom. Is there any particular order you guys recommend in terms of submitting apps?

Also i've heard about applying for Amex Green and then BCE in the same day b/c its easier to get approved for green and they use the same credit check for BCE?

What cards do you have right now? What are you looking to get out of your cards? It sounds like you want cash back, but I wanted to confirm that.

I would apply for Amex Green in late Dec and then hold off on anything else until Jan, so you can take advantage of your HPs falling off. The only point behind Green or BCE, as far as I'm concerned, is getting in with AMEX in the hope that they have a decent card down the line that you want and can backdate.

The utility of Sallie Mae depends on your monthly gas and grocery expenditures. The 5% back caps at $250 for each of those, plus $750 on bookstores, which includes Amazon.

A generic list of useful cashback cards to consider, in the order I would apply for them, and considering what you've mentioned so far:

Dec: (1) Amex Green

Jan:

1) Sallie Mae

2) BCE

3) Ink (5% back on your cellphone, internet, and cable television bills)

4) Freedom

5) AARP (3% back on restaurants and fast food)

6) Capital One Quicksilver (1.5% back on everything, no foreign transaction fee, potentional signup bonus)

7) Citi Double Cash (2% back on everything)

8) Discover IT (Similar to Freedom. I prefer it in Q4 and Freedom for the other 3, but you get a free TU credit score every month)

Re: Suggestions on what to apply for

coldnmn — Fri, 05 Dec 2014 20:04:47 GMT

@Anonymous wrote:
Unfortunately i don't have an MSD with AMEX yet. If i apply for it in january does it count as 2015 or 2014?

So my current list goes: Amex BCE, Sallie Mae Barclays, and Chase freedom. Is there any particular order you guys recommend in terms of submitting apps?

Also i've heard about applying for Amex Green and then BCE in the same day b/c its easier to get approved for green and they use the same credit check for BCE?

MSD is the month you apply and year you became a member. If you apply in Dec it will be MSD 12/2014

Jan MSD 01/2014. If you applied for a card and set your MSD in 2014 12/2014 and applied for a second card

in Jan 2015 the second card MSD 01/2014

Re: Suggestions on what to apply for

Anonymous — Fri, 05 Dec 2014 21:28:16 GMT

Thanks for all the info. Just to confirm, HPs only make a significant impact for 6 months right? When i said my HPs were falling off in January i meant that it would be 6 months. I read elsewhere that it takes 2 years and just want to confirm.

All those cards are great suggestions. I definitely am most interested in cash back as i don't need any travel miles or other benefits

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 02:10:43 GMT

@Anonymous wrote:
Thanks for all the info. Just to confirm, HPs only make a significant impact for 6 months right? When i said my HPs were falling off in January i meant that it would be 6 months. I read elsewhere that it takes 2 years and just want to confirm.

All those cards are great suggestions. I definitely am most interested in cash back as i don't need any travel miles or other benefits

Go for the Sallie Mae first before any of the others.

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 02:28:25 GMT

Thanks. Whats your reasoning behind Sallie Mae first?

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 02:38:43 GMT

Barclay's is goofy about a lot of new accounts and inquiries.

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 02:49:43 GMT

@Anonymous wrote:
Barclay's is goofy about a lot of new accounts and inquiries.

They approved me today for the US Airways card and I have quite a few new accounts and had 5 inquiries on TU at the time. Had to call to verify info before approval but not once did they ask about all my new accounts or inqs. I thought they would be problematic and was hesitant to apply but I'm glad I did.

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 02:48:55 GMT

So should i do them all in one day or stagger them?

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 03:48:20 GMT

@Anonymous wrote:
@Anonymous wrote:
Barclay's is goofy about a lot of new accounts and inquiries.
They approved me today for the US Airways card and I have quite a few new accounts and had 5 inquiries on TU at the time. Had to call to verify info before approval but not once did they ask about all my new accounts or inqs. I thought they would be problematic and was hesitant to apply but I'm glad I did.

Yes, but your TU is also 70pts higher than mine.

Re: Suggestions on what to apply for

Anonymous — Sat, 06 Dec 2014 19:42:56 GMT

If you're going streaking, it doesn't matter if you do it in one day or spread them out, so you might as well do it on one day so that the HPs fall off at the same time. Once you start getting rejections/crappy credit limits, you should stop apping, because you aren't going to get more cards and you'll only be giving yourself more HPs. Then, you wait six months for the sting to go out of the HPs, and try again.

One of the others will have to give you the exact details on HP dating, but my understanding is that they have a high impact for six months, a low impact between six months and a year, no impact after a year, and are removed from the report after two years.

Re: Suggestions on what to apply for

Anonymous — Mon, 08 Dec 2014 19:17:21 GMT

Update:

So i fired off the apps and the results are

Chase freedom: pending.. got a 30 day wait. called in and was told to wait because they need to review me

AMEX green: approved

Citi simplicity: approved at 5k

Sallie mae barclays: denied... going to try recon