App strategy for the next year - feedback please

Anonymous — Sat, 24 Nov 2018 22:15:27 GMT

I'm looking to round out my CC portfolio over the next year and am looking for some feedback to see if I'm on the right track or am missing something I haven't considered.

Additional DPs not in my sig:

BMWFS auto loan - Nov 2017 - 12% paid - 72 mos

CU auto loan - Jan 2018 - 17% paid - 60 mos

No mortgage & not in the forecast for 5+ years

1 30 day late 4 yrs 7 mos ago (no other baddies)

Income 130K

AAoA 4 yrs 11 mos

AoOA 20 yrs 3 mos (falls off Sept 2019 which will then become 13yrs 4 mos)

AoYA 2 mos

1-2% util & use the AZEO method (not because I'm trying to increase mortgage scores but because it's personally satisfying)

The majority of my spend is regular household bills so I need an all-around card (insurance, utilities, etc). Next up is dining so I have that covered with the Savor. Groceries & gas are the next biggest categories which are covered by the BCE. I have the Freedom for 5% rotating. I'm looking to pursue UR vs MR as I only travel about once a year. I do not own a business nor have the desire to "create" a business to obtain cards, so business cards are out. I don't use the AU accounts nor do they help (AAoA) / hurt (low util) my score, so I will probably ask to be removed at the end of next year as I will have 5 CCs of my own by then (assuming my plan takes shape).

Mar 2019 (4/24 as I became an AU on the QS Jan 2018) - apply for Chase FU. I know that my profile supports an approval, however I am a little wary because I had to recon to obtain the Freedom earlier this year. Apparently I had two charged off accounts with them way back when, but I am encouraged by the fact they gave me a 6XCLI after a few months (HP was worth it). If they do decline me & I fail recon, I would apply for the Cash Magnet. I'm already pre-approved for it and it would be a SP for the new card which would ease the blow of the HP for the FU decline and still give me the 1.5% on general spend.

Dec 2019 (4/24 again) - apply for CSP assuming I was approved for the FU earlier in the year. I would use this card for the times I DO travel for the trip/baggage delay & primary rental car insurance as well as bigger purchases for the purchase/warranty protection this card offers. This would also complete the Chase Trifecta. If I don't get approved, I would probably apply for a Discover IT for the cash back match for the year.

Thanks for taking the time to read through and thanks in advance for the feedback.

Re: App strategy for the next year - feedback please

Anonymous — Sat, 24 Nov 2018 23:47:42 GMT

I think you want to decide whether you want to stay with cashback or pursue UR points. If staying with cashback, I would add USB Cash+ (utilities), Discover IT and a 2% general spending card (CITI DC, PayPal MC...etc.). If pursuing UR, make sure you can break even on the AF of CSP traveling just once a year, then you can use FU as your general spending card.

topic App strategy for the next year - feedback please in Credit Card Applications

App strategy for the next year - feedback please

Re: App strategy for the next year - feedback please