topic Please help me with my timeline for applying for new cards in Credit Card Applications

Please help me with my timeline for applying for new cards

rosco75 — Thu, 01 Dec 2022 21:11:21 GMT

Hey folks! Been in the garden for about 6 months and I was curious so I visited some pre approval pages (I know, I know!)

Previously I wasnt preapproved for much as was expeced at the time of my rebuild. I filled for CH 7 BK on 02/29/2021 and was discharged 06/08/2021 which means I hit my 2 year mark in two months from filing, six for counting from date of discharge. I was trying to develop a plan so that once I hit that milestone I can be ready for some better cards. I recently recieved pre approvals for Navy Fed's flagship and cash rewards and more rewards cards, as well as capital one's SavorOne and VentureOne cards. I also got pre approval for citi's CCC and DC cards, and maybe another I cant recall.

Since my current card line up does not really give me any catagorial cards that most people use (3% on gas/dining etc) these are the cards I would like to go after. My goal is to have a good 2% all around card, a good 3% dining/grocery/gas/whatever card, and then maybe a rotator narrow catagory (like my Discover IT) for some 5% catagories.

My question is - given the dates that I have my current cards, and the auto CLI's ive recieved, is there a best time frame to apply? Which cards should I target and which first? I will post some data points below:

Capital One

Date opened: 08/09/2021

Starting CL 3k, increased to 3100 01/2022

Balance: $0

Mission lane

Date opened: 09/08/2021

Starting CL 1500, increased to 1600 05/22

Balance: $0

Ollo

Date opened: 10/06/2021

Starting CL 1000, increased to 1300 04/22

Balance: $0

Spirit Mastercard (FB&T/Mercury)

Date opened: 01/27/2022

Starting CL 2k, increased to 2350 05/22, increased to 3100 11/22

Balance: $0

Discover IT

Date opened: 05/13/2022

Starting CL 8k no CLI yet

Balance: $2k

CH7 BK Filed on 02/29/2021

Discharged on 06/08/2021

According to myFICO my current FICO 8 scores are -

EQ: 677

TU: 681

EX: 667

10 total negative trade lines, 5 of which are student loans set to drop off 08/2023

Of the remaining 5, 4 are things included in my CH7 BK like my reaffirmed truck loan and my furniture loan which I told them they could have it back instead of reaffirming (they never came and got it)

Then there is the good ‘ol KIA tradeline from when I cosigned for an ex girlfriend back in 2013 (big lesson learned) which has a 30,60, and a 90 day late on it. Yikes! The first 30 day late is from Nov 2017 and the last negative payment on the account was August 2018. The account was closed and paid in full.

Thank you in advance for any insight!

Re: Please help me with my timeline for applying for new cards

RSX — Thu, 01 Dec 2022 22:12:19 GMT

if you qualify for one of the Navy Fed cards, i would start with one of those now

then wait another 6 months before anything else - slow and steady wins the race

you should ask for a CLI on your Disco after it turns 6 months old

Re: Please help me with my timeline for applying for new cards

rosco75 — Thu, 01 Dec 2022 22:40:18 GMT

@RSX wrote:
if you qualify for one of the Navy Fed cards, i would start with one of those now

then wait another 6 months before anything else - slow and steady wins the race

you should ask for a CLI on your Disco after it turns 6 months old

It's already 6 months old. I've never asked for a CLI before - does it matter that I have a balance? Should I pay it off? All my cards so far just have automatically given me increases so I figured they would too.

Re: Please help me with my timeline for applying for new cards

FinStar — Fri, 02 Dec 2022 04:41:33 GMT

@rosco75 wrote:
@RSX wrote:
if you qualify for one of the Navy Fed cards, i would start with one of those now

then wait another 6 months before anything else - slow and steady wins the race

you should ask for a CLI on your Disco after it turns 6 months old

It's already 6 months old. I've never asked for a CLI before - does it matter that I have a balance? Should I pay it off? All my cards so far just have automatically given me increases so I figured they would too.

You can request a CLI even if you're carrying a balance. Obviously, results are going to be YEMV, but at least it's a SP. Worse thing they could say is no, but no harm, no foul.

Re: Please help me with my timeline for applying for new cards

FireMedic1 — Fri, 02 Dec 2022 10:46:06 GMT

Lets narrow it down. Who was burned in your BK? This will help to give ideas. Citi? Not with a BK on file. If you can get in with NFCU. More Rewards might go. Flagship probably not.

Re: Please help me with my timeline for applying for new cards

rosco75 — Fri, 02 Dec 2022 12:32:07 GMT

@FireMedic1 wrote:
Lets narrow it down. Who was burned in your BK? This will help to give ideas. Citi? Not with a BK on file. If you can get in with NFCU. More Rewards might go. Flagship probably not.

Great question - I forgot to include this information. I did not have any CC's prior to my BK so nobody got burned. However, back in like 2010 I had a small personal loan from navy fed that I let default (was a long story) it became a charge off. It's no longer on my credit report but I'm sure they are aware. I do have an open savings account with them that I've had since 2004 when I was in the Marines.

I don't think I'd go for the flagship anyway, the more rewards is more likely to be of interest to me currently as I only fly spirit and I have the spirit card.