topic Re: Next New Card? in Credit Card Applications

Next New Card?

Anonymous — Sat, 04 May 2019 23:52:07 GMT

Hi, it's been a year of waiting and now I'm eyeing some new cards!

I want a travel card technically don't need any more cards but like rewards.

I have a prequal for CSP and will apply for that 1st before 5/24. Do I have to wait a while before applying for others to avoid AA?

What else is good? I don't love CAP One but like the Savor and have a prequal. Also looking at the Citi Rewards because I do little charges all the time and AMEX Cash Magnet both have nice 0% intro APR on purchases and balance transfers.

>800 FICO, AAOA is at 3 years 4 months. No baddies, 1 HP on EQ and 1 TU from a year ago, I PIF so utilization is 0% ($100 bal reported).

Current Cards

NFCU 25,000

CF 4500

CFU 13000

BCE 15,500

EVD 20,000

IT 23,500

DC 18,100

COMENITY 2000

My 1st CC 1000

Re: Next New Card?

pinkandgrey — Sun, 05 May 2019 01:34:17 GMT

All your prospective cards are great. It boils down to what you want most. ThankYou points from Citi? Straight-up cash back from the Savor or Magnet? If you can hit the SUB, and spend a decent amount on dining/entertainment, I’d aim for the Savor. However, the Citi Rewards has no AF and definitely has appeal for small charges. Can’t go wrong either way really. Let us know what you decide and good luck!

Re: Next New Card?

Anonymous — Sun, 05 May 2019 14:05:27 GMT

Thank you! I am going to apply for the CSP now and then I'll apply for one more. Still, haven't decided about the second choice.

Re: Next New Card?

AverageJoesCredit — Sun, 05 May 2019 14:29:41 GMT

Most likely Savor if you want a good SUB

Re: Next New Card?

Anonymous — Sun, 05 May 2019 15:56:57 GMT

You probably know this but wait a bit after Sapphire approval. Chase likes to do follow up pulls to see if you’re on a spree and they get their undies in a wad if they see other activity. Your profile is strong and likely would be ok but no sense kicking a tiger in the butt.

Re: Next New Card?

Anonymous — Sun, 05 May 2019 16:04:04 GMT

I know to wait but for how long. A few months??

Re: Next New Card?

Anonymous — Sun, 05 May 2019 16:05:38 GMT

At least 3 I would think. That should be enough to keep them from getting trigger-happy.

Re: Next New Card?

ChargedUp — Sun, 05 May 2019 16:24:33 GMT

Chase has been solid for me, and I don't see why they'd blink if your picked up two cards at once. Your scores are prime and you have a good, thick file going there. CSP is a logical choice to accompany your CF and CFU.

As you already have Amex products, the Cash Magnet would be a soft pull if you were to go that route, but Savor would likely land you a much higher starting limit as you don't have any Cap One exposure yet. Cap One will HP all 3 bureaus though... (You can clearly afford the pulls, just FYI.)

With Citi Rewards, you're getting into the Thank You points system, vs. the UR point system you seem to already have a good footing in. Yes, the card has the "Round Up" feature, but will those points benefit you more than if you kept those charges coming through CFU/CF and pooling them all into UR points?

Decisions, decisions...

Re: Next New Card?

Anonymous — Sun, 05 May 2019 16:52:33 GMT

I know right.. decisions, decisions lol and probably a bit of overprocessing. I was dreaming about apps and strategy last night. This forum is so valuable it helps to process with others!

I forgot to mention my 5 yr old bucketed Cap One QS stuck at $9500 and high af APR which matters less since I PIF but it still irks me.

I don't love my Amex Everyday so Cash Magnet would get more use and maybe I would reallocate the CL and close it.

I love my Citi DC but the Thank You points system would be new and potentially less valuable territory.

Last year when I applied for CF and CFU the 30 day, 7-10, then verification was too much! I'm dreading the potential wait to know. But it looks like a good bet and I'm not poking the AA bear.

Re: Next New Card?

Anonymous — Fri, 17 May 2019 19:24:45 GMT

✔ CSP... Now I'm flirting with the idea of a second Discover. I have a preapproval 0% interest for 14 months then 14% and cash back match!

Re: Next New Card?

Anonymous — Fri, 17 May 2019 19:55:26 GMT

So many choices!

I would opt for something other than CM since you have a CFU already and it's a wash in spend. The BCP card has a better SUB anyway by at least $100. Check Here Since you have the BCE check for an upgrade offer as it's usually $200-$250 with around a 1K spend. Same thing goes for EDP if there's an offer for MR's.

Here's another good link to look into as well Click Here

Citi is like rolling th dice though when it comes to getting a decent CL out of them.

Cap1 is a bit finicky with the Savor and imposes some x/24 requirements to it as well. I've been denied 2 times on it in the past 2 years with scores over 800 and no blemishes... just too good at getting SUB's from other banks. Their reason is # of accounts in past 24 months.

2nd Disco.... you could shoot for the Miles version and get 3% for the next year

As long as you have been nice to Chase a CSP approval should be pretty easy this time around now that you've been verified.

Re: Next New Card?

Anonymous — Fri, 17 May 2019 20:52:28 GMT

@Anonymous I did get the CSP pretty easily lol. Thanks for the links, I had not thought about upgrading and am now at 5/24.

Re: Next New Card?

FinStar — Fri, 17 May 2019 21:08:33 GMT

This thread is locked and closed to new messages.

The new thread can be found here:
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CSP-Approval-and-DIS-CLI/m-p/5608727