topic Re: Is this possible? in Credit Card Applications

Is this possible?

Skye12329 — Sun, 25 Jan 2015 09:28:20 GMT

So we all know some lenders pull a particular bureau all the time right? Well theres always a trend when it comes to app sprees i have noticed and thats you can be approved for roughly 4 cards at a time before a denial comes up but if you also notice the limits decrease along the way too. Why is that? I mean especially if an Inquiry shows up only 1 CR. The account wont show up. Sometimes its possible to get a card or two with the same bureau but would it be possible to play the system like this? Although some AA might happen due to lenders seeing many recent accounts depending on how thick profile is. But lets say you apply for the following cards do you think it would be a good chance for approval and decent limits since they all pull seperate bureaus and wouldnt know about it?

Discover - EQ mainly from what i have seen

AMEX - EX

Barclays - TU

Chase - EX (although the INQ from Amex would be seen by computer and vice versa)

Citi - TU for where i live.

So roughly would it be possible to be approved for all with decent limits since generally you can get 1 or 2 cards per bureau. Obviously everything is based on worthiness. But just curious if the system could be played like this? Obviously im set on cards for a while till my tuition is due, then im probably closing Elan, Cap1, Store Cards since they are not needed. Although the AAOA would be nice, but right now my limits total 50% of my income so i dont want to be risk either.

Re: Is this possible?

Anonymous — Sun, 25 Jan 2015 12:48:15 GMT

@Skye12329 wrote:
So we all know some lenders pull a particular bureau all the time right? Well theres always a trend when it comes to app sprees i have noticed and thats you can be approved for roughly 4 cards at a time before a denial comes up but if you also notice the limits decrease along the way too. Why is that? I mean especially if an Inquiry shows up only 1 CR. The account wont show up. Sometimes its possible to get a card or two with the same bureau but would it be possible to play the system like this? Although some AA might happen due to lenders seeing many recent accounts depending on how thick profile is. But lets say you apply for the following cards do you think it would be a good chance for approval and decent limits since they all pull seperate bureaus and wouldnt know about it?

Discover - EQ mainly from what i have seen
AMEX - EX
Barclays - TU
Chase - EX (although the INQ from Amex would be seen by computer and vice versa)
Citi - TU for where i live.

So roughly would it be possible to be approved for all with decent limits since generally you can get 1 or 2 cards per bureau. Obviously everything is based on worthiness. But just curious if the system could be played like this? Obviously im set on cards for a while till my tuition is due, then im probably closing Elan, Cap1, Store Cards since they are not needed. Although the AAOA would be nice, but right now my limits total 50% of my income so i dont want to be risk either.

Interesting theory. Some of these lenders pull a secondary bureau on top of a main bureau when making their decision. For example IDA, ARS, Innovis.

In some cases they may even SP a different bureau or even HP a second or third (Capital One.)

Re: Is this possible?

AintYouADaisy — Sun, 25 Jan 2015 14:56:22 GMT

@Anonymous wrote:
@Skye12329 wrote:
So we all know some lenders pull a particular bureau all the time right? Well theres always a trend when it comes to app sprees i have noticed and thats you can be approved for roughly 4 cards at a time before a denial comes up but if you also notice the limits decrease along the way too. Why is that? I mean especially if an Inquiry shows up only 1 CR. The account wont show up. Sometimes its possible to get a card or two with the same bureau but would it be possible to play the system like this? Although some AA might happen due to lenders seeing many recent accounts depending on how thick profile is. But lets say you apply for the following cards do you think it would be a good chance for approval and decent limits since they all pull seperate bureaus and wouldnt know about it?

Discover - EQ mainly from what i have seen
AMEX - EX
Barclays - TU
Chase - EX (although the INQ from Amex would be seen by computer and vice versa)
Citi - TU for where i live.

So roughly would it be possible to be approved for all with decent limits since generally you can get 1 or 2 cards per bureau. Obviously everything is based on worthiness. But just curious if the system could be played like this? Obviously im set on cards for a while till my tuition is due, then im probably closing Elan, Cap1, Store Cards since they are not needed. Although the AAOA would be nice, but right now my limits total 50% of my income so i dont want to be risk either.
Interesting theory. Some of these lenders pull a secondary bureau on top of a main bureau when making their decision. For example IDA, ARS, Innovis.
In some cases they may even SP a different bureau or even HP a second or third (Capital One.)

Agreed. Very interesting theory. Chase pulled both EQ and EX for me, it appeared they pulled EQ first actually. (though I don't know for certain) Which for me my EQ has a much higher score than my EX does, by 25 points. (EQ 735, TU 713, EX 710)

Re: Is this possible?

Anonymous — Sun, 25 Jan 2015 17:28:01 GMT

@AintYouADaisy wrote:
@Anonymous wrote:
@Skye12329 wrote:
So we all know some lenders pull a particular bureau all the time right? Well theres always a trend when it comes to app sprees i have noticed and thats you can be approved for roughly 4 cards at a time before a denial comes up but if you also notice the limits decrease along the way too. Why is that? I mean especially if an Inquiry shows up only 1 CR. The account wont show up. Sometimes its possible to get a card or two with the same bureau but would it be possible to play the system like this? Although some AA might happen due to lenders seeing many recent accounts depending on how thick profile is. But lets say you apply for the following cards do you think it would be a good chance for approval and decent limits since they all pull seperate bureaus and wouldnt know about it?

Discover - EQ mainly from what i have seen
AMEX - EX
Barclays - TU
Chase - EX (although the INQ from Amex would be seen by computer and vice versa)
Citi - TU for where i live.

So roughly would it be possible to be approved for all with decent limits since generally you can get 1 or 2 cards per bureau. Obviously everything is based on worthiness. But just curious if the system could be played like this? Obviously im set on cards for a while till my tuition is due, then im probably closing Elan, Cap1, Store Cards since they are not needed. Although the AAOA would be nice, but right now my limits total 50% of my income so i dont want to be risk either.
Interesting theory. Some of these lenders pull a secondary bureau on top of a main bureau when making their decision. For example IDA, ARS, Innovis.
In some cases they may even SP a different bureau or even HP a second or third (Capital One.)
Agreed. Very interesting theory. Chase pulled both EQ and EX for me, it appeared they pulled EQ first actually. (though I don't know for certain) Which for me my EQ has a much higher score than my EX does, by 25 points. (EQ 735, TU 713, EX 710)

Ditto for me.

Re: Is this possible?

Skye12329 — Sun, 25 Jan 2015 20:19:34 GMT

Well maybe it would work if they don't double pull :I yeah they pulled eq and ex for my freedom but ex only for csp and slate.

Also never heard of those ida, innovis, and ars

Re: Is this possible?

Themanwhocan — Sun, 25 Jan 2015 20:32:45 GMT

Yes, a properly planned app spree takes into account what credit bureaus are likely to be pulled, and when overlap is possible, this effects the order in which you apply for cards.

Re: Is this possible?

Anonymous — Sun, 25 Jan 2015 20:35:23 GMT

@Themanwhocan wrote:
Yes, a properly planned app spree takes into account what credit bureaus are likely to be pulled, and when overlap is possible, this effects the order in which you apply for cards.

Apply for skittish lenders first?

Re: Is this possible?

Themanwhocan — Sun, 25 Jan 2015 20:51:54 GMT

@Anonymous wrote:
@Themanwhocan wrote:
Yes, a properly planned app spree takes into account what credit bureaus are likely to be pulled, and when overlap is possible, this effects the order in which you apply for cards.
Apply for skittish lenders first?

If overlap is possible, apply for the most important card first. Either to get the best credit limit, or just to get the card. Consider what skittish lenders might do when they eventually notice all the new cards, etc. Be prepared to stop applying when starting limits are low, hopefully before getting a denial, and absolutely stop if denied. Otherwise you're just wasting HP and even if you get the cards you want, you will be using even more HP to increase limits later, etc.

Just common sense, really.