topic Re: Is apping for another BBR pushing the envelope, with 16/24 currently? in Credit Cards

Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 02:16:25 GMT

So as I mentioned in another thread, I was approved today for the Unify FCU Variable-Rate card, and also was able to upgrade to the lowest-available go-to APR on the Unify Fixed-Rate card. IIRC, this now puts me at 16/24. My question is, if I were to hypothetically app for either 1-2 BBRs today -- i.e., gaining only new 2 inqs.; one for the new Unify card and one for the BBR(s) -- would that be pushing the envelope, with my existing cc issuers to the point where they might want to take AA? If I got 1 new BBR, I would then be at 17/24, and if approved for 2, that would then place me at 18/24, as far as I can best determine. Best to play it safe, not app for a new BBR, and avoid any potential AA? Or be bold, and app for a new BBR or 2 in the present? Or with 800-range FICOs across all 3 CRAs, will the cc lenders not care so much about the total number of new accounts opened in the past 2 years, etc.? Any thoughts/advice please?

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 03:05:46 GMT

bump please? (If I am going to potentially app for a new BBR, I was ideally hoping to do so before 11:59 PM today, if anyone hopefully has any advice or feedback please?)

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Benzman — Tue, 20 Dec 2016 03:40:33 GMT

I opened many more than you in the past 2 years and no AA. Closed all store cards and closed or combined a few of the MC/VISAs in the past few months, but all is ok.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

AverageJoesCredit — Tue, 20 Dec 2016 03:18:48 GMT

Hi Galahad!. Im by no means an expert at this credit thing , Lol, as i seem to 2 steps forward ,three back lately , but in my humble opinion, if you are already at 16/24, and have over 800 scores i think its safe to say you you have already pushed the envelope so 1 or 2 more apps shouldnt be the ones to break the egg, though as usual YMMV. Im sure if all the big boys and girls with hundreds of thousands in credit can get away with mylti cards apps snd inquiires and survive to live to tell, your solud stats should back you up. And heck, if snything does go south on ya, just book a cruise with your new low apr card and jet set to the garden lol. If you really want them go gor it now and complete your 2 year spree with a bang Congrats on your new spprovals by the way

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 03:20:34 GMT

Many thanks for the helpful feedback and also for the kind compliments Joe; I deeply appreciate all of your valuable input!

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

csryang — Tue, 20 Dec 2016 03:22:51 GMT

@galahad15 wrote:
So as I mentioned in another thread, I was approved today for the Unify FCU Variable-Rate card, and also was able to upgrade to the lowest-available go-to APR on the Unify Fixed-Rate card. IIRC, this now puts me at 16/24. My question is, if I were to hypothetically app for either 1-2 BBRs today -- i.e., gaining only new 2 inqs.; one for the new Unify card and one for the BBR(s) -- would that be pushing the envelope, with my existing cc issuers to the point where they might want to take AA? If I got 1 new BBR, I would then be at 17/24, and if approved for 2, that would then place me at 18/24, as far as I can best determine. Best to play it safe, not app for a new BBR, and avoid any potential AA? Or be bold, and app for a new BBR or 2 in the present? Or with 800-range FICOs across all 3 CRAs, will the cc lenders not care so much about the total number of new accounts opened in the past 2 years, etc.? Any thoughts/advice please?

What's your overall exposure with BoA? When was your last application with them?

AA is so overated! The most they do is not to approve further cards. As long as you pay bill on time and not closing cards immediately after you earned bonus, I think you will be fine.

My thought is that if you really want the card, just apply for it. I will not apply for BBR because it only gives me sub 100 cash per card per year? I could app and get higher bonuses from their other cards like Merill+, Alaska, or Amtrak. I typically will not app for cards unless their value is at or above $500 per card from the sign up or spend bonus.

Try applying for one BBR if you want and if approved, apply for another one. There's some recent data points that they prevent same card type application within the same day - ending up rejecting the second one. http://www.orensmoneysaver.com/2014/12/bank-of-america-no-longer-allowing.html

You could always try though!

The "ideal" situation is to apply for BoA cards during the business day/hour so that you can call credit analyst right away if not approved. Otherwise, when you call for reconsideration on a later date, another pull might be done.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

newhis — Tue, 20 Dec 2016 03:21:21 GMT

There are people with more than 16/24 in this forum with scores 100 less than yours.

I only have 9 and I don't think I want another, but that's just me. I believe, with your scores, AA actions will happen only if you do something else with your credit besides getting new cards, like high util in general, max a card (even with BT), or other out-of-the-ordinary activity. Good luck whatever you decide.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 03:23:10 GMT

Very good data points and info to know, thank you Berzman!

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 03:26:38 GMT

@csryang wrote:
@galahad15 wrote:
So as I mentioned in another thread, I was approved today for the Unify FCU Variable-Rate card, and also was able to upgrade to the lowest-available go-to APR on the Unify Fixed-Rate card. IIRC, this now puts me at 16/24. My question is, if I were to hypothetically app for either 1-2 BBRs today -- i.e., gaining only new 2 inqs.; one for the new Unify card and one for the BBR(s) -- would that be pushing the envelope, with my existing cc issuers to the point where they might want to take AA? If I got 1 new BBR, I would then be at 17/24, and if approved for 2, that would then place me at 18/24, as far as I can best determine. Best to play it safe, not app for a new BBR, and avoid any potential AA? Or be bold, and app for a new BBR or 2 in the present? Or with 800-range FICOs across all 3 CRAs, will the cc lenders not care so much about the total number of new accounts opened in the past 2 years, etc.? Any thoughts/advice please?
What's your overall exposure with BoA? When was your last application with them?
AA is so overated! The most they do is not to approve further cards. As long as you pay bill on time and not closing cards immediately after you earned bonus, I think you will be fine.

My thought is that if you really want the card, just apply for it. I will not apply for BBR because it only gives me sub 100 cash per card per year? I could app and get higher bonuses from their other cards like Merill+, Alaska, or Amtrak. I typically will not app for cards unless their value is at or above $500 per card from the sign up or spend bonus.

Try applying for one BBR if you want and if approved, apply for another one. There's some recent data points that they prevent same card type application within the same day - ending up rejecting the second one. http://www.orensmoneysaver.com/2014/12/bank-of-america-no-longer-allowing.html
You could always try though!

The "ideal" situation is to apply for BoA cards during the business day/hour so that you can call credit analyst right away if not approved. Otherwise, when you call for reconsideration on a later date, another pull might be done.

Thanks! To answer your questions, I have 3 BoA cards, very little util on them compared to their combined CLs, about maybe ~$30k total CL or something like that I believe? My last app wit them was about a year ago IIRC?

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Anonymous — Tue, 20 Dec 2016 03:42:15 GMT

@galahad15 wrote:
@csryang wrote:
@galahad15 wrote:
So as I mentioned in another thread, I was approved today for the Unify FCU Variable-Rate card, and also was able to upgrade to the lowest-available go-to APR on the Unify Fixed-Rate card. IIRC, this now puts me at 16/24. My question is, if I were to hypothetically app for either 1-2 BBRs today -- i.e., gaining only new 2 inqs.; one for the new Unify card and one for the BBR(s) -- would that be pushing the envelope, with my existing cc issuers to the point where they might want to take AA? If I got 1 new BBR, I would then be at 17/24, and if approved for 2, that would then place me at 18/24, as far as I can best determine. Best to play it safe, not app for a new BBR, and avoid any potential AA? Or be bold, and app for a new BBR or 2 in the present? Or with 800-range FICOs across all 3 CRAs, will the cc lenders not care so much about the total number of new accounts opened in the past 2 years, etc.? Any thoughts/advice please?
What's your overall exposure with BoA? When was your last application with them?
AA is so overated! The most they do is not to approve further cards. As long as you pay bill on time and not closing cards immediately after you earned bonus, I think you will be fine.

My thought is that if you really want the card, just apply for it. I will not apply for BBR because it only gives me sub 100 cash per card per year? I could app and get higher bonuses from their other cards like Merill+, Alaska, or Amtrak. I typically will not app for cards unless their value is at or above $500 per card from the sign up or spend bonus.

Try applying for one BBR if you want and if approved, apply for another one. There's some recent data points that they prevent same card type application within the same day - ending up rejecting the second one. http://www.orensmoneysaver.com/2014/12/bank-of-america-no-longer-allowing.html
You could always try though!

The "ideal" situation is to apply for BoA cards during the business day/hour so that you can call credit analyst right away if not approved. Otherwise, when you call for reconsideration on a later date, another pull might be done.
Thanks! To answer your questions, I have 3 BoA cards, very little util on them compared to their combined CLs, about maybe ~$30k total CL or something like that I believe? My last app wit them was about a year ago IIRC?

Ummm first of all congrats on all your scores surpassing 800!!! When did that happen?! That is awesome. Go for it! Do you have any cards on the chopping block? How about that GM card???

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Blodreina — Tue, 20 Dec 2016 13:34:36 GMT

OP, can I just say something? I love that you're pausing to consider the consequences of seeking more new credit. Not enough forum-goers do that, probably.

On topic, I'm with everyone else. You're probably fine lol.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

newhis — Tue, 20 Dec 2016 13:30:31 GMT

Any news?

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Anonymous — Tue, 20 Dec 2016 13:39:00 GMT

@newhis wrote:
Any news?

I was going to ask the same thing?

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 15:32:11 GMT

@Anonymous wrote:
Hmmm first of all congrats on all your scores surpassing 800!!! When did that happen?! That is awesome. Go for it! Do you have any cards on the chopping block? How about that GM card???

Hi there & thank you jfriend!

In response to the question about all 3 of my Score 8 FICOs surpassing 800, I actually didn't know myself lol until yesterday, the same day I apped for the card. I have been checking my various FICO score models periodically using the myfico Score 3B product, and noticed just yesterday that EX, previously the lone holdout for getting to 800, had finally reached the 800 mark, and that my FICO Score 2 value was now 742, hence the successful card upgrade and app attempt from yesterday

Cards on the possible chopping block: I may close my Chase Freedom and Chase Slate, also was thinking about maybe consolidating my BoA TR card CL into my BoA CR card and closing out the TR, once the TR balance is PIF, which it is almost there. Also potentially consolidating my CLs from both of my Citi DP cards into my DC, and closing the DPs, which are now PIF. The only reason I am hesitating atm on moving all of the limits mentioned above and going through with the closures is b/c if I am understanding correctly, it could lead to an additional 2-3 new inqs, in order to do all of the consolidations? On the GM card, I may close one and keep the one with the higher CL and accumulated rewards? I am quote fond of the Chevy Camaro for instance lol, and I have accrued a non-insignificant amount of rewards points, on my GM card with the highest CL

For the BBR, I was seriously thinking about apping for it last night, but I have another hard inquiry falling off of my EX CR in exactly one month, so I thought maybe play it safe, and app for the BBR(s), once I am down another inq.? Especially since I have now gained a new inq., with the Unify card upgrade and new approval?

ETA: corrected a few accidental typos

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Tue, 20 Dec 2016 15:33:13 GMT

Thanks for your valuable feedback and comments Falere!

In response to newhis and beautifulblaquepearl's questions about any new updates, ultimately last night I decided to err on the side of caution, and did not end up apping for the BBR quite yet As I mentioned in the post directly above this one, since I gained 1 total new inq. from the one Unify card upgrade and other new approval from them, and since I have one older hard inquiry dropping off my EX report in a month, I decided to defer apping for now, until the other inq. is removed, so that any new BBR app would result in the the same net number of inqs. as what I have presently. No use in me unnecessarily poking the bear atm lol, in mho. Thanks for asking btw!

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

newhis — Tue, 20 Dec 2016 15:35:46 GMT

I read that HPs older than 12 months do not affect FICO score.

I don't know if the online apps count them to make a decision, but after seeing people with 30 or more HPs still getting cards, I don't think 1 HP will make a difference.

But you have to do what it makes you feel better.

I'm the same, always trying things with caution.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

kdm31091 — Tue, 20 Dec 2016 18:24:37 GMT

The inquiry that's about to fall off is so old anyway that it's unlikely to make any difference.

That said I understand caution and nobody can obviously tell you for sure if AA will occur. That said it is typically not just from opening new accounts. There's often another factor: escalating debt, constant BTs, etc that tend to make a lender nervous combined with excessive new accounts.

It's your decision but I don't think one old pull is going to matter either way.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Anonymous — Wed, 21 Dec 2016 21:15:53 GMT

@galahad15 wrote:
Thanks for your valuable feedback and comments Falere!

In response to newhis and beautifulblaquepearl's questions about any new updates, ultimately last night I decided to err on the side of caution, and did not end up apping for the BBR quite yet As I mentioned in the post directly above this one, since I gained 1 total new inq. from the one Unify card upgrade and other new approval from them, and since I have one older hard inquiry dropping off my EX report in a month, I decided to defer apping for now, until the other inq. is removed, so that any new BBR app would result in the the same net number of inqs. as what I have presently. No use in me unnecessarily poking the bear atm lol, in mho. Thanks for asking btw!

Hey galahad15! I think you made a wise choice. Good luck on your upcoming BBR approvals!

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

Anonymous — Wed, 21 Dec 2016 21:44:38 GMT

It's me again, galahad. If you're concerned reallocating CL with BoA will trigger a HP, don't be. I did it a couple of days ago via regular CS without any issues. Unfortunately, she wasn't 100% sure if it required a HP so I called the back door number for Senior Analyst (866-618-4585) to confirm it. I was assured reallocation of CL does not require a HP with BoA. This is actually the second time I've done it and the first time didn't require a HP either.

I know with credit, it's always YMMV so I would call the Sr Analyst back door number to confirm it's the same for your accounts.

Re: Is apping for another BBR pushing the envelope, with 16/24 currently?

galahad15 — Thu, 22 Dec 2016 01:49:01 GMT

Many thanks for the outstanding tips and advice beautifulblaquepearl!