topic Re: App Strategy Post Rebuild in Credit Card Applications

App Strategy Post Rebuild

drewricomakeubu — Mon, 23 Jan 2023 05:58:44 GMT

Hey everyone,

Just doing some thinking for when my credit gets out of the dump around September. I have 3 COs and 1 collection showing on EX and EQ. I had 2 COs taken off of TU through EE this month and will have the rest removed in March. My score jumped over 50 points for TU according credit karma but I know that's not 100% accurate. Anyway, once I get all the stuff removed from TU I'll have a decent idea of what the rest of the bureaus scores will look like post removals.

Anyway, I've got some goals in mind at this point that I'm wanting to app for when all the stuff is removed. I have a chase freedom with about 8 years of positive payments and some other accounts that are either paid off or not carrying a balance.

I work for a nationally touring band so I travel quite a bit and spend a lot of money at truck stops and restaurants. We also periodically have fly dates where I'm wanting to add a card with lounge access.

I do want to add another Chase account but not really sure which one. I'm not really sure what the huge differences in the flex and the unlimited freedoms. I do use Amazon quite a bit so im looking at the prime as well.

I also want to get back in with AMEX, I stupidly closed an everyday card that was paid in full. I don't know why I did that. I'm looking at the blue cash or blue cash preferred and possibly the Hilton honors surpass for the lounge access since it has 10 free lounge access a year and we don't fly enough to justify the annual fee on the platinum or the chase sapphire reserve or whichever one it is with the lounge access.

Any insight on app strategy would be helpful or if you'd like more info just ask.

thanks everyone

Re: App Strategy Post Rebuild

drewricomakeubu — Mon, 23 Jan 2023 06:05:02 GMT

I also have an authorized user account that is showing on my credit thats carrying a decent balance. I was added to it through my job and I don't know if I want it to be on my credit report honestly. Any tips on getting this removed?

I know im a mish mash of credit subjects in this thread

Re: App Strategy Post Rebuild

SouthJamaica — Mon, 23 Jan 2023 18:18:59 GMT

@drewricomakeubu wrote:
I also have an authorized user account that is showing on my credit thats carrying a decent balance. I was added to it through my job and I don't know if I want it to be on my credit report honestly. Any tips on getting this removed?

I know im a mish mash of credit subjects in this thread

1. Just close the AU card if you don't need it and no one will be offended.

2. It seems to me that the Chase Sapphire Preferred would be a good card for you, since the majority of your travel is on the road, and the card has a broad definition of travel. Here's a Points Guy article on the subject: https://thepointsguy.com/guide/which-purchases-count-as-travel-chase-sapphire-reserve-preferred/ The Citi Premier card is a good one for restaurants, gas stations, air travel, and hotels. The Comenity Travel Advantage card is a good one for gas and ev charging, restaurants, and travel.

Re: App Strategy Post Rebuild

drewricomakeubu — Mon, 23 Jan 2023 18:33:14 GMT

@SouthJamaica wrote:
@drewricomakeubu wrote:
I also have an authorized user account that is showing on my credit thats carrying a decent balance. I was added to it through my job and I don't know if I want it to be on my credit report honestly. Any tips on getting this removed?

I know im a mish mash of credit subjects in this thread
1. Just close the AU card if you don't need it and no one will be offended.
2. It seems to me that the Chase Sapphire Preferred would be a good card for you, since the majority of your travel is on the road, and the card has a broad definition of travel. Here's a Points Guy article on the subject: https://thepointsguy.com/guide/which-purchases-count-as-travel-chase-sapphire-reserve-preferred/ The Citi Premier card is a good one for restaurants, gas stations, air travel, and hotels. The Comenity Travel Advantage card is a good one for gas and ev charging, restaurants, and travel.

Thank you for your response.

The AU card is closed, allegedly from what I understand, but it's still reporting on my credit. At least they've told me it's closed. Also, I'm hesitant to app for citi since I burned them and thats who sold the debt to the collection agency. I just don't want to start any nonsense with citi if I don't have to. It was only like $1400 though, so I'm not 100% sure how they are with BLing or how long their memory is in regards to that stuff.

Does the CSP have airport lounge access? I'm not really sure how the rewards work for the sapphire cards.

Re: App Strategy Post Rebuild

mgood — Tue, 24 Jan 2023 02:19:51 GMT

@SouthJamaica wrote:
Here's a Points Guy article on the subject: https://thepointsguy.com/guide/which-purchases-count-as-travel-chase-sapphire-reserve-preferred/

THANK YOU!

@drewricomakeubu wrote:
Does the CSP have airport lounge access? I'm not really sure how the rewards work for the sapphire cards.

Not the Sapphire Preferred (I don't think). The Sapphire Reserve does have lounge access.

Re: App Strategy Post Rebuild

805orbust — Tue, 24 Jan 2023 12:08:33 GMT

Whatever direction you decide to go in, I'd do the Chase app first to take advantage of your low 5/24 status.

Unlimited is a blanket 1.5% cash back where the FF has rotating categories, with 5% a regular occurrence.

Re: App Strategy Post Rebuild

drewricomakeubu — Tue, 24 Jan 2023 16:31:01 GMT

Thank you

Re: App Strategy Post Rebuild

drewricomakeubu — Wed, 25 Jan 2023 00:32:20 GMT

Does anyone know if in the scenario that I do app for Chase and get approved, hopefully, when the time comes and I app for AMEX and CapOne and get approved soon after, that Chase will close my accounts with them?

My goal cards for when my baddies fall off are:

Chase FF

Amex BCP or BCE whichever has the best sign up bonus at the time or possibly Cash Magnet

CapOne Venture X for Airport Lounge access and travel credit, as I go on plenty of trips besides on the road for work.

Would be dangerous to app these in the same day? Or should I space them out?

Re: App Strategy Post Rebuild

OmarGB9 — Wed, 25 Jan 2023 04:38:09 GMT

@drewricomakeubu wrote:
Does anyone know if in the scenario that I do app for Chase and get approved, hopefully, when the time comes and I app for AMEX and CapOne and get approved soon after, that Chase will close my accounts with them?

My goal cards for when my baddies fall off are:
Chase FF
Amex BCP or BCE whichever has the best sign up bonus at the time or possibly Cash Magnet
CapOne Venture X for Airport Lounge access and travel credit, as I go on plenty of trips besides on the road for work.

Would be dangerous to app these in the same day? Or should I space them out?

Probably not, but nobody could really tell you for sure. It's a risk you'd have to take if you choose to.

Re: App Strategy Post Rebuild

drewricomakeubu — Wed, 25 Jan 2023 04:48:56 GMT

@OmarGB9 wrote:
@drewricomakeubu wrote:
Does anyone know if in the scenario that I do app for Chase and get approved, hopefully, when the time comes and I app for AMEX and CapOne and get approved soon after, that Chase will close my accounts with them?

My goal cards for when my baddies fall off are:
Chase FF
Amex BCP or BCE whichever has the best sign up bonus at the time or possibly Cash Magnet
CapOne Venture X for Airport Lounge access and travel credit, as I go on plenty of trips besides on the road for work.

Would be dangerous to app these in the same day? Or should I space them out?
Probably not, but nobody could really tell you for sure. It's a risk you'd have to take if you choose to.

Thank you sir