topic Re: Data points for new approvals in Credit Cards

Data points for new approvals

ronstar7 — Fri, 10 Jun 2016 15:20:34 GMT

Hi guys,

Just wanted to share some data points for anyone who is interested.

Opened on 6/8

Amex Delta -1,000 (pulled exp)

Amex Green- NPSL (no pull, did it right after Delta approval)

Discover IT- $1,200 (double pull Exp & Equ)

Citi Double Cash $2,000 (Exp)

Walmart $900 (TU)

Still waiting to hear back from Chase re Freedom (pulled Exp)

Utl- 0%

Had 1 inq on TU now 2

Had 4 inq on EQ now 5

not sure about Exp

Income is $69,000

1 open collection from 2011 for $1,041

Scores at the time of apping was EQ 644, TU 646, and EX 628, since apping so far have ony lost 2 points on Eq

Prior to this had not apped for anything for 18 months

Re: Data points for new approvals

Anonymous — Fri, 10 Jun 2016 15:45:20 GMT

Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?

Re: Data points for new approvals

ronstar7 — Fri, 10 Jun 2016 16:01:08 GMT

@Anonymous wrote:
Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?

In all honesty I knew I wanted a charge card that would be easier to get and from what Ive researched its was the Green also for some odd reason I have always wanted that card since I was little. Lastly I knew more about it than the others... Should I have gone with the PRG? Is it better? Why?

Re: Data points for new approvals

Anonymous — Fri, 10 Jun 2016 16:14:38 GMT

@ronstar7 wrote:
@Anonymous wrote:
Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?
In all honesty I knew I wanted a charge card that would be easier to get and from what Ive researched its was the Green also for some odd reason I have always wanted that card since I was little. Lastly I knew more about it than the others... Should I have gone with the PRG? Is it better? Why?

Well, if that is what you wanted for personal reasons, then that makes sense! But reward wise, the PRG gives more bonus and much more earning potential, and like the green the fee is waived the first year. The green has less earning potential than the free Everyday Card, so unless you need a charge card, often doesn't make sense to keep it after the first year.

Re: Data points for new approvals

ronstar7 — Fri, 10 Jun 2016 16:17:25 GMT

@Anonymous wrote:
@ronstar7 wrote:
@Anonymous wrote:
Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?
In all honesty I knew I wanted a charge card that would be easier to get and from what Ive researched its was the Green also for some odd reason I have always wanted that card since I was little. Lastly I knew more about it than the others... Should I have gone with the PRG? Is it better? Why?
Well, if that is what you wanted for personal reasons, then that makes sense! But reward wise, the PRG gives more bonus and much more earning potential, and like the green the fee is waived the first year. The green has less earning potential than the free Everyday Card, so unless you need a charge card, often doesn't make sense to keep it after the first year.

Ahh Ok, I see wont that look bad to close it out after only a year? Or would I have the possibitly of pc'ing to the prg at that time. If I did would it be anthoer inq and new account listed?

Re: Data points for new approvals

creditguy — Fri, 10 Jun 2016 17:51:39 GMT

Should have applied for the freedom first. You just opened 5 accounts and are currently waiting to hear from chase, well you may get snagged by 5/24. Hopefully not. Good luck and congrats on your approvals.

Re: Data points for new approvals

Anonymous — Fri, 10 Jun 2016 17:54:59 GMT

PC won't cost anything pull wise. If you JUST got it, I would try calling and asking for the PRG instead. Who knows, might work.

Re: Data points for new approvals

ronstar7 — Fri, 10 Jun 2016 18:14:27 GMT

@creditguy wrote:
Should have applied for the freedom first. You just opened 5 accounts and are currently waiting to hear from chase, well you may get snagged by 5/24. Hopefully not. Good luck and congrats on your approvals.

Hi there Creditguy, Freedom was one of the 5 I think number 3 or 4 and they were all done in the span of 15 min of each other so I m think I am ok with 5/24. Thanks for the advice though!!

Re: Data points for new approvals

ronstar7 — Fri, 10 Jun 2016 18:16:32 GMT

@Anonymous wrote:
PC won't cost anything pull wise. If you JUST got it, I would try calling and asking for the PRG instead. Who knows, might work.

Hi, I got approved on the 8th and they mailed the cards out already

Re: Data points for new approvals

Anonymous — Fri, 10 Jun 2016 18:20:46 GMT

@ronstar7 wrote:
@Anonymous wrote:
PC won't cost anything pull wise. If you JUST got it, I would try calling and asking for the PRG instead. Who knows, might work.
Hi, I got approved on the 8th and they mailed the cards out already

it's 12 months for a PC. No biggie. Could wait and get the 50k bonus for PRG then and don't PC

Re: Data points for new approvals

surferchris — Fri, 10 Jun 2016 23:09:05 GMT

@ronstar7 wrote:
Hi guys,

Just wanted to share some data points for anyone who is interested.

Opened on 6/8
Amex Delta -1,000 (pulled exp)
Amex Green- NPSL (no pull, did it right after Delta approval)
Discover IT- $1,200 (double pull Exp & Equ)
Citi Double Cash $2,000 (Exp)
Walmart $900 (TU)

Still waiting to hear back from Chase re Freedom (pulled Exp)

Utl- 0%

Had 1 inq on TU now 2
Had 4 inq on EQ now 5
not sure about Exp

Income is $69,000

1 open collection from 2011 for $1,041

Scores at the time of apping was EQ 644, TU 646, and EX 628, since apping so far have ony lost 2 points on Eq

Prior to this had not apped for anything for 18 months

Thanks for the info.

Re: Data points for new approvals

RonM21 — Sat, 11 Jun 2016 15:22:49 GMT

Thanks for the data

Re: Data points for new approvals

UncleB — Sat, 11 Jun 2016 23:00:02 GMT

@ronstar7 wrote:
@Anonymous wrote:
@ronstar7 wrote:
@Anonymous wrote:
Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?
In all honesty I knew I wanted a charge card that would be easier to get and from what Ive researched its was the Green also for some odd reason I have always wanted that card since I was little. Lastly I knew more about it than the others... Should I have gone with the PRG? Is it better? Why?
Well, if that is what you wanted for personal reasons, then that makes sense! But reward wise, the PRG gives more bonus and much more earning potential, and like the green the fee is waived the first year. The green has less earning potential than the free Everyday Card, so unless you need a charge card, often doesn't make sense to keep it after the first year.
Ahh Ok, I see wont that look bad to close it out after only a year? Or would I have the possibitly of pc'ing to the prg at that time. If I did would it be anthoer inq and new account listed?

FWIW I made the same mistake... I got the Green card last year as well. Just before the AF was due in April, I went on chat and closed it out. I then waited until I found an offer for 50k MR points for the PRG and I appd and was approved. Easy-peasy...

The only negative to opening the PRG as a new account instead of simply PCing the Green is that you take another AAoA hit, but in my case gaining 50k MR points was worth it to me.

Re: Data points for new approvals

ronstar7 — Mon, 13 Jun 2016 05:54:40 GMT

Everyone is most welcomed

Re: Data points for new approvals

Anonymous — Wed, 06 Jul 2016 22:29:37 GMT

@ronstar7 wrote:
@Anonymous wrote:
Out of interest, why the Amex Green? Do you have a plan to use and keep it (vs say nothing or the PRG)?
In all honesty I knew I wanted a charge card that would be easier to get and from what Ive researched its was the Green also for some odd reason I have always wanted that card since I was little. Lastly I knew more about it than the others... Should I have gone with the PRG? Is it better? Why?

I have the same AMEX goals for that green card! LOL. I'm working on building my scores up so I can apply and not get denied again. I've tried several times over the course of my life when my credit scores were much better than they are now and was still denied. In the garden unitl next year...can't wait to submit an app.