topic Re: What should I do for my App spree? in Credit Cards

What should I do for my App spree?

RBFool — Thu, 02 Jul 2015 19:37:10 GMT

My limits and info is my sig but the summary: CH 7 BK dismissed May 2014. I'll be showing a 20% utilization in about 10 days and I planned to app after that.

My QS card's statement gets cut on the 5th so I was going to app on the 10th.

I'd like a balance transfer card as I have to buy some big items on my QS and I wanted to move it to a no intrest card. I burned chase in my BK so not sure what I could get let alone with my scores. My thoughts for a spree:

Sallie Mae

BT card if I have a good chance?

Discover IT (Just cause)

Citi Double

I'm interested mostly in cash back cards as I don't tend to travel but maybe once a year and don't do hotel stays otherwise.

My thought is after I get the new card(s) in my hands I was going to get rid of my Cap 1 secured card as well because there's even less of a reason to have it after I get more. Plus my shopping cards if I can get more than 1-2 new cards.

Let me know if I missed anything vital as far as info for recommendations. It's been a while since I posted

Re: What should I do for my App spree?

kdm31091 — Thu, 02 Jul 2015 19:46:12 GMT

Why do you need a seperate BT card? You can almost always find a Discover application offer with 0% BTs, instead of apping for a seperate "BT oriented" card which are often useless after the BT.

Re: What should I do for my App spree?

RBFool — Thu, 02 Jul 2015 19:48:33 GMT

More info - Inquiries and dates

12/26/2014	Equifax
11/4/2014	Equifax
11/4/2014	Experian
8/18/2014	TransUnion
8/15/2014	Equifax
8/4/2014	Equifax
7/10/2014	TransUnion
6/25/2014	Equifax
6/25/2014	Experian
6/25/2014	TransUnion
6/17/2014	Experian
6/6/2014	Equifax
6/6/2014	Experian
6/6/2014	TransUnion
6/5/2014	Experian
12/30/2013	Experian

Re: What should I do for my App spree?

RBFool — Thu, 02 Jul 2015 19:49:29 GMT

@kdm31091 wrote:
Why do you need a seperate BT card? You can almost always find a Discover application offer with 0% BTs, instead of apping for a seperate "BT oriented" card which are often useless after the BT.

*shrugs* I can use the discover just fine, just didn't know if it was needed or not. I've seen people get the slate just because its a BT card, so that's where my mind was. If I can use one of the ones I want as a BT for the first x months then I'm good with that as well.

Re: What should I do for my App spree?

Callandra — Thu, 02 Jul 2015 20:17:41 GMT

I don't think Citi is BK friendly and if you burned Chase (depending on how much), you may never get back in (unless you are willing to pay them back). Not sure about Sallie Mae though ~ as long as you didn't burn Barclays, it's possible but your scores might be a bit low for Sallie. Have you considered their Rewards MC or Apple Visa to start?

Re: What should I do for my App spree?

RBFool — Thu, 02 Jul 2015 20:20:40 GMT

@Callandra wrote:
I don't think Citi is BK friendly and if you burned Chase (depending on how much), you may never get back in (unless you are willing to pay them back). Not sure about Sallie Mae though ~ as long as you didn't burn Barclays, it's possible but your scores might be a bit low for Sallie. Have you considered their Rewards MC or Apple Visa to start?

If my scores are too low for Sallie then I was going to try to get the rewards instead. I could do the apple if there is a better chance I'd get that. That's why I'm asking for input. My goal would be the Sallie Mae card for grocery stores. Otherwise I don't have a use for the others, but at least it would be a foot in the door.

Would the rewards be more practical to try for vs Sallie Mae?

Re: What should I do for my App spree?

Callandra — Thu, 02 Jul 2015 20:24:59 GMT

@RBFool wrote:
@Callandra wrote:
I don't think Citi is BK friendly and if you burned Chase (depending on how much), you may never get back in (unless you are willing to pay them back). Not sure about Sallie Mae though ~ as long as you didn't burn Barclays, it's possible but your scores might be a bit low for Sallie. Have you considered their Rewards MC or Apple Visa to start?
If my scores are too low for Sallie then I was going to try to get the rewards instead. I could do the apple if there is a better chance I'd get that. That's why I'm asking for input. My goal would be the Sallie Mae card for grocery stores. Otherwise I don't have a use for the others, but at least it would be a foot in the door.

Would the rewards be more practical to try for vs Sallie Mae?

If you don't mind the HP, you could try Sallie first (let us know if you get it!) but score wise, you look to be in the range for Rewards or Apple. I started off with Rewards myself with my score in the mid-600s. You can't PC to Sallie but if you get it later, you can move your Rewards (or Apple) limit over and just close the card. That's what I did and I know TRC_WA did the same thing.

EDIT: Not sure about which is easier to get (Rewards vs. Apple) -- some say Apple is a bit easier.

Re: What should I do for my App spree?

RBFool — Thu, 02 Jul 2015 20:27:07 GMT

@Callandra wrote:
@RBFool wrote:
@Callandra wrote:
I don't think Citi is BK friendly and if you burned Chase (depending on how much), you may never get back in (unless you are willing to pay them back). Not sure about Sallie Mae though ~ as long as you didn't burn Barclays, it's possible but your scores might be a bit low for Sallie. Have you considered their Rewards MC or Apple Visa to start?
If my scores are too low for Sallie then I was going to try to get the rewards instead. I could do the apple if there is a better chance I'd get that. That's why I'm asking for input. My goal would be the Sallie Mae card for grocery stores. Otherwise I don't have a use for the others, but at least it would be a foot in the door.

Would the rewards be more practical to try for vs Sallie Mae?
If you don't mind the HP, you could try Sallie first (let us know if you get it!) but score wise, you look to be in the range for Rewards or Apple. I started off with Rewards myself with my score in the mid-600s. You can't PC to Sallie but if you get it later, you can move your Rewards (or Apple) limit over and just close the card. That's what I did and I know TRC_WA did the same thing.

EDIT: Not sure about which is easier to get (Rewards vs. Apple) -- some say Apple is a bit easier.

If I go by the rule of "1 year and a hard pull doesn't weigh as much" My TU repor tis pretty light. I think I could stand 1 hard pull for sallie and 1 for rewards if I don't get it without much pain. Yeah TRC_WA is at least in my state so I used to follow his posts pretty close when I was more active.

Re: What should I do for my App spree?

RBFool — Fri, 03 Jul 2015 15:09:01 GMT

bump

Re: What should I do for my App spree?

RBFool — Mon, 06 Jul 2015 18:13:56 GMT

Do I have to wait until the 10th? Or as soon as the statement hit... Today... is it a good idea to app? Figure it would take companies time to sync with the reports?

Re: What should I do for my App spree?

SunriseEarth — Mon, 06 Jul 2015 21:41:51 GMT

@RBFool wrote:
My limits and info is my sig but the summary: CH 7 BK dismissed May 2014. I'll be showing a 20% utilization in about 10 days and I planned to app after that.

My QS card's statement gets cut on the 5th so I was going to app on the 10th.

I'd like a balance transfer card as I have to buy some big items on my QS and I wanted to move it to a no intrest card. I burned chase in my BK so not sure what I could get let alone with my scores. My thoughts for a spree:

Sallie Mae
BT card if I have a good chance?
Discover IT (Just cause)
Citi Double

I'm interested mostly in cash back cards as I don't tend to travel but maybe once a year and don't do hotel stays otherwise.

My thought is after I get the new card(s) in my hands I was going to get rid of my Cap 1 secured card as well because there's even less of a reason to have it after I get more. Plus my shopping cards if I can get more than 1-2 new cards.

Let me know if I missed anything vital as far as info for recommendations. It's been a while since I posted

You may want to see how your change in UTIL will affect scores. With your current scores, I actually wouldn't recommend applying for any of the cards on your list.

Re: What should I do for my App spree?

RBFool — Mon, 06 Jul 2015 21:43:43 GMT

Well that's not the ray of sunshine that I was hoping for... What cards do you suggest I do apply for? Trying to just rebuild etc and grow a better AAA

Re: What should I do for my App spree?

SunriseEarth — Tue, 07 Jul 2015 00:38:26 GMT

@RBFool wrote:
Well that's not the ray of sunshine that I was hoping for... What cards do you suggest I do apply for? Trying to just rebuild etc and grow a better AAA

If you're trying to get into Barclay, then Rewards or Apple would give you better odds. If you're considering store cards, you'd have a broad range of options.

I got back into AMEX when I was in the 670s. I was probably in the 680s when I got upgraded to Macy's AMEX. For me, the mid 600s led to some nice CLIs on my store cards, at least. I think you'll definitely see better approvals once you move up a bit scorewise. Are you working on any other credit issues? UTIL could actually make a huge difference, if the rest of your profile is clean.

Re: What should I do for my App spree?

Anonymous — Tue, 07 Jul 2015 01:43:54 GMT

also discover can be a little harder to get with as well. maybe the It for students is easier

Re: What should I do for my App spree?

RBFool — Tue, 07 Jul 2015 15:35:01 GMT

@SunriseEarth wrote:

@RBFool wrote:

Well that's not the ray of sunshine that I was hoping for... What cards do you suggest I do apply for? Trying to just rebuild etc and grow a better AAA

If you're trying to get into Barclay, then Rewards or Apple would give you better odds. If you're considering store cards, you'd have a broad range of options.

@SunriseEarth wrote:
@RBFool wrote:
Well that's not the ray of sunshine that I was hoping for... What cards do you suggest I do apply for? Trying to just rebuild etc and grow a better AAA
If you're trying to get into Barclay, then Rewards or Apple would give you better odds. If you're considering store cards, you'd have a broad range of options.

I got back into AMEX when I was in the 670s. I was probably in the 680s when I got upgraded to Macy's AMEX. For me, the mid 600s led to some nice CLIs on my store cards, at least. I think you'll definitely see better approvals once you move up a bit scorewise. Are you working on any other credit issues? UTIL could actually make a huge difference, if the rest of your profile is clean.
The biggest "issue" that I have is the ch7 BK. The rest seem to be reporting right as far as "included in bankruptcy" or are in good standing because they're my new cards. I can't make it anymore "clean" than it is. I don't "care" about getting in good with Barclay but I do want the Sallie Mae card. So if the rewards or apple card would get me there then I'm willing to do that for a year to see if I get what I want. As far as the discover card it was more of a "Rounding" out of my profile. I don't think I qualify to apply as a student IT card but I'll take a look

Re: What should I do for my App spree?

RBFool — Wed, 08 Jul 2015 17:12:35 GMT

Check out my approval forum post! I got approved: http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Mini-app-spree-success-Discover-IT-and-Sallie-Mae-so-far/td-p/4116427

Re: What should I do for my App spree?

Anonymous — Wed, 08 Jul 2015 17:30:01 GMT

Thanks RB!! Congrats on the approval