topic Re: Planning for an App Spree in Credit Card Applications

Planning for an App Spree

tendertan — Mon, 18 May 2015 00:01:55 GMT

I'm planning on an App Spree, need advice which cards to seek First! I want these cards but don't know what order shall I apply.

Bank of America

Discover

Cap 1 "Venture"

Chase 'CSP"

Barclay

Citi ( is optional I here they are really tight and if so what card would you throw in, just in case)

I'm interested in a Travel Card, Cashback reward card, and overall rewards. No AF, and have the option to carry a balance. I'm not sure what card I should pursue with BOA, Dis., and Barclay. All advice is welcome. My Scores are the low 700 on Equifax&Transunion, and Experian is 744. I'm expecting a boost with scores once my new CLI's and very low utilization report, but just in case they don't this is where I'm at currently.

Re: Planning for an App Spree

pizza1 — Mon, 18 May 2015 00:04:21 GMT

Do you plan on apping for all at once back to back? or spreading them out, and you want to know in order to start?

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 00:06:27 GMT

Hmmmm, I thought I should do them in one day? Can I get your opinion? Yes in what order?

Re: Planning for an App Spree

pizza1 — Mon, 18 May 2015 00:11:25 GMT

@tendertan wrote:
Hmmmm, I thought I should do them in one day? Can I get your opinion? Yes in what order?

Im am probably not the best person to give you adivice on these particular cards. I will let someone with a little better knowledge step in here. I will add that cap1 doesnt care if they are first or last, youll get approved for venture regadless with your scores. Barclays hates new accts ..So Id be inclined to app first for them. Chase is the same and inquiry sensitive, so its a toss up there. And Discover..well, thats a total crap shoot there. Im sorry im not more helpful, but Id like for Nixon to step in here and post, and a few others for some real sound advice.

Re: Planning for an App Spree

JSS3 — Mon, 18 May 2015 00:25:04 GMT

1. Citi Double Cash(EX primarily..maybe EQ, inq sensitive)-2% on everything if paid in full. 1% otherwise.
2. Barclays Rewards(TU, inq sensitive)-gas
3. Chase CSP(TU &EX, inq sensitive)-traveling
4. BoA Rewards(EX, inq sensitive)-gas
5. Discover(EQ)-category spending which does include a gas quarter.
6. Cap1 Venture(EX,TU,EQ)-traveling

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 01:36:19 GMT

Thank You, The stories I read on here makes me super nervous about Citi! Is it best to app in the same day? BTW, I have 5 inqiries on Trans 1 this week and the others are older. Exp. just had one this month, and 1 Feb, and the other 2 are old. EQ 4 and they are from Dec and older.

Re: Planning for an App Spree

Anonymous — Mon, 18 May 2015 01:41:18 GMT

1st - Barclay. They are very inquiry sensitive.

Then Chase, BoA and Discover (doesn't matter what order)

Last - Capital One. They will pull all 3 bureaus.

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 01:42:32 GMT

So is 5 inq's too many?

@Anonymous wrote:
1st - Barclay. They are very inquiry sensitive.
Then Chase, BoA and Discover (doesn't matter what order)
Last - Capital One. They will pull all 3 bureaus.

Re: Planning for an App Spree

Anonymous — Mon, 18 May 2015 02:04:04 GMT

It's hard to say. Are you talking about inquiries that you already have on your report, Barclay pulls TU (at least most of the time). If these inquiries are very new, chances are they will deny your app.

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 02:25:59 GMT

Well on Trans. I have 1 (Co-signed) from this month and the others are from Dec and older. But have 2 new Amex'syear of 2015, and Co-signed for my Son to get him started with a installment loan. So for the year of 2015 2 Amex's(Exp), and 1inquiry this year Co-Signing.

@Anonymous wrote:
It's hard to say. Are you talking about inquiries that you already have on your report, Barclay pulls TU (at least most of the time). If these inquiries are very new, chances are they will deny your app.

Re: Planning for an App Spree

Anonymous — Mon, 18 May 2015 02:33:48 GMT

The 1 on TU won't scare Barclay. That being said, if you want to apply for one of their cards, I would still do it first.

Re: Planning for an App Spree

JSS3 — Mon, 18 May 2015 05:08:56 GMT

Yes, apply for all the same day.

Barclays will focus on TU inquiries for the last 6 months. I would say 2-3 in 6 months would be ok.

With the order that I've written out, Barclays will be the "first" during your spree as Citi will more than likely pull EX, possibly EQ...or both.

I would go in that exact order.

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 14:55:05 GMT

I left out one other, NFCU. I havent even joined yet, but I am was waiting on my new scores to settle down first. Anywhoo I just ran across a Long post about NFCU, couldn't read all of it because I'm pressed for time. What order will that fall in, and if anyone know if I can for a app for a CC the same day as opening an account up, and are they inquiry sensitive?

Re: Planning for an App Spree

JSS3 — Mon, 18 May 2015 15:19:03 GMT

@tendertan wrote:
I left out one other, NFCU. I havent even joined yet, but I am was waiting on my new scores to settle down first. Anywhoo I just ran across a Long post about NFCU, couldn't read all of it because I'm pressed for time. What order will that fall in, and if anyone know if I can for a app for a CC the same day as opening an account up, and are they inquiry sensitive?

Email Creditaddict. NFCU is his department. lol

Re: Planning for an App Spree

SecretAzure — Mon, 18 May 2015 15:24:15 GMT

Not to derail the happy train but why don't you do half now and half 6 mos. later? Barclay and Citi in the first group?

Someone on page 1 showed what benefits each card was good for and it showed "Gas" and "Travelling" twice, maybe you don't need both?

The more frequently you apply, the lower the SCL's will be.

"1. Citi Double Cash(EX primarily..maybe EQ, inq sensitive)-2% on everything if paid in full. 1% otherwise.
2. Barclays Rewards(TU, inq sensitive)-gas
3. Chase CSP(TU &EX, inq sensitive)-traveling
4. BoA Rewards(EX, inq sensitive)-gas
5. Discover(EQ)-category spending which does include a gas quarter.
6. Cap1 Venture(EX,TU,EQ)-traveling"

Re: Planning for an App Spree

tendertan — Mon, 18 May 2015 16:30:44 GMT

Well Citi is "Optional" I don't feel confident with apping with them just yet. Maybe six months down the road, if any. I have a bad taste in my mouth just from reading soo many negative post about them on here. I've read more bad stories than good. So Im going to wait to fall in'love with them.

@SecretAzure wrote:
Not to derail the happy train but why don't you do half now and half 6 mos. later? Barclay and Citi in the first group?

Someone on page 1 showed what benefits each card was good for and it showed "Gas" and "Travelling" twice, maybe you don't need both?

The more frequently you apply, the lower the SCL's will be.

"1. Citi Double Cash(EX primarily..maybe EQ, inq sensitive)-2% on everything if paid in full. 1% otherwise.
2. Barclays Rewards(TU, inq sensitive)-gas
3. Chase CSP(TU &EX, inq sensitive)-traveling
4. BoA Rewards(EX, inq sensitive)-gas
5. Discover(EQ)-category spending which does include a gas quarter.
6. Cap1 Venture(EX,TU,EQ)-traveling"

Re: Planning for an App Spree

Anonymous — Mon, 18 May 2015 18:00:37 GMT

Instead of a ton of new accounts why not
scale back from going crazy, protect your inquires/AAoA)

After reading the follow up comments I would (if it were me)

Only apply for 3 cards that you would use/have use for.
Spread out your APPS between credit agences (examples):

Chase or Amex - EX 1 HP (Amex is good for the 3x CLI, Chase will be high APR/low CL post promo)
Barclays TU 1 HP
and something for EQ 1 HP (PenFed?)

I would stay away (IMO) opition of Cap1. The 3x inquiries just arent worth it imo (plus many other reasons)
Do the same in 6+ months if you really need....
Join PenFed CU instead of NFCU they use HP for 90 days for add'l request like LOC.

Are you getting prequal offers or tried online?

Re: Planning for an App Spree

pizza1 — Mon, 18 May 2015 17:15:08 GMT

@JSS3 wrote:
@tendertan wrote:
I left out one other, NFCU. I havent even joined yet, but I am was waiting on my new scores to settle down first. Anywhoo I just ran across a Long post about NFCU, couldn't read all of it because I'm pressed for time. What order will that fall in, and if anyone know if I can for a app for a CC the same day as opening an account up, and are they inquiry sensitive?
Email Creditaddict. NFCU is his department. lol

YOu dont have to wait for your scores to settle down for NFCU!

They pull TU for membership, and EQ for everything else!! They arent too inquiry sensitive either. I joined and was approved for membership and a CC with a 610 score. you need to go read the "OFFICIAL NFCU " thread, in the CC section. Good reading there.

YOu can app for CC same as well.

But keep in mind, they are HP happy in the future...

Re: Planning for an App Spree

newhis — Tue, 19 May 2015 05:19:27 GMT

Just a warning with Chase, they like to see some good history and good limits before giving good limits. Is hard to get good CLIs, people apply for other Chase card and transfer limits. Is next to impossible to lower the APR, if I waited for Freedom I will not have a 22.99% APR (2 months after I got the card they sent a mail offer with 18.99%). I don't mind much because I always PIF but it really looks bad, more now that I got my BoA card down to 16.99% and Discover to 19.24%

Re: Planning for an App Spree

tendertan — Tue, 19 May 2015 06:01:16 GMT

I have 2Amex's and Chase Freedom, and Quicksilver also. Capital 1 is my oldest card 8years, I am indeed going to app for a couple more, I know for sure BOA, Chase, and Barclay, and gotta catch that Venture train! I do want to join NFCU, because of its perks, but I also am a big fan of reading what Penfed have to offer. I don't know if I am able to join because I'm not in the millitary. But thats on my wihlist too.

@Anonymous wrote:
Instead of a ton of new accounts why not
scale back from going crazy, protect your inquires/AAoA)
After reading the follow up comments I would (if it were me)

Only apply for 3 cards that you would use/have use for.
Spread out your APPS between credit agences (examples):
Chase or Amex - EX 1 HP (Amex is good for the 3x CLI, Chase will be high APR/low CL post promo)
Barclays TU 1 HP
and something for EQ 1 HP (PenFed?)
I would stay away (IMO) opition of Cap1. The 3x inquiries just arent worth it imo (plus many other reasons)
Do the same in 6+ months if you really need....
Join PenFed CU instead of NFCU they use HP for 90 days for add'l request like LOC.

Are you getting prequal offers or tried online?