topic Re: How long to wait until nxt credit app in Credit Cards

How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:06:50 GMT

Got advice on this forum a few weeks ago about which cards to pursue. Looking to get Citi DC, Chase Freedom, and perhaps the Amazon Store Card from Synchrony. How long should I wait? Here are updated scores and current HPs:

Jan 2017 TU FICO8 731, VS3.0 744.

TU HPs: 1/16, 10/16

EQ HPs: 2/16, 10/16, 10/16

EX HPs: 10/16, 10/16, 10/16

No prequal for Citi or Chase websites.

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 22:13:46 GMT

Go for it!
Hit Citi first..They pull EX on new cards. Chase pulls EX and EQ sometimes. I'd hit them 2nd. Synchrony would be last as they pull TU and fairly lenient.
Or you could skip Synchrony and double app Chase for Amazon and Freedom on one pull.

Re: How long to wait until nxt credit app

myjourney — Sun, 22 Jan 2017 22:15:48 GMT

More info needed

Are you saying you had 8 HP's in 2016 which resulted in 3 CC's (via your sig)?

If so forget about Chase ....sorry

EX/EQ scores?

Other TL's?

AAoA?

Or do you just want to hear app for this or that? Lol (some do now)

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 22:20:25 GMT

^^^Lol..I'm not here to be someone's father. I'll give them my experience in similar situations. They can use it or not. I didn't go from $2600 to over $400,000 in less than 18 months on luck. I've studied and tested the waters. So other's don't have to just guess.

Re: How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:23:45 GMT

I'm a university student about to graduate and go to med school. HPs was an absolute headache. Applied for Chase Freedom Unlimited, pulled EQ/EX, denied for short CH. Applied for Citi ThankYou, pulled EX, denied because EX did not have correct address on file, Citi required second hard pull to reprocess. Then took advice on forum to apply CapitalOne Journey, approved 2k limit, pulled all three.

Currently two cards, only one new card, Discover it 1yr1mo old, C1 Journey 3 mo old, auth user on gas card 12 years old. AAoA on CR is ~4 yrs with auth user. Only other score I have is EQ VS3 744.

Haha, no, I'm looking to optimize cash back. I'm excellent at handling my credit limits. Credit utilization is 1% on total limit of 5.7k. Always payoff on time, to date not one cent of interest, no late fees. Previous recommendations were Chase Freedom, Citi DC, and either Chase Amazon or Synchrony Amazon. I'd prefer to get credit lines that are usable and reasonable early on to build my credit history, and I have no concerns about having too "big" of credit limit since I only charge what I can pay in double relative to my income.

Re: How long to wait until nxt credit app

myjourney — Sun, 22 Jan 2017 22:26:52 GMT

What's funny is I didn't see your post until I posted ....There were no post when I responded Lol

What I found even funnier was you said go for a Chase card with 8 HP's 5 less than 3 months ago...huh

Why suggest sending into the lions den with a stick 5/24?

Re: How long to wait until nxt credit app

Gmood1 — Tue, 24 Jan 2017 00:34:35 GMT

Spend a $1 at credit check total and get all three scores. That way you know exactly where you stand. Blispay could be another great option.

(Mod Cut-Removal of Link)

Re: How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:41:33 GMT

Got it (and cancelled..)

See signature.

AAoAs

TU 4.5 y

EQ 4.5 y

EX 0.7 y

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 22:46:34 GMT

@myjourney wrote:
What's funny is I didn't see your post until I posted ....There were no post when I responded Lol
What I found even funnier was you said go for a Chase card with 8 HP's 5 less than 3 months ago...huh
Why suggest sending into the lions den with a stick 5/24?

I had more HPs than that when I apped for Chase. Lol

@ OP do you have any installment loans? Other than student loans of course.

Getting a Secured loan will strengthen your credit. Think of it as building a brick house.

Lay those bricks in the best way to help strengthen the entire house for the future add-ons.

Re: How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:49:21 GMT

No loans! On scholarship

I do have a "loan" through Citizens One... Apple's payment plan for an iPhone, interest free. Doesn't show up that way on credit report, though.

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 22:49:53 GMT

@Anonymous wrote:
Got it (and cancelled..)

See signature.

AAoAs
TU 4.5 y
EQ 4.5 y
EX 0.7 y

Looks good..Only trouble I see is EX AAoA. Do you have any way of getting it up passed that 1 year mark or similar to your others?

Re: How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:53:31 GMT

Nope, other than the waiting game, I presume.

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 22:53:35 GMT

@Anonymous wrote:
No loans! On scholarship

I do have a "loan" through Citizens One... Apple's payment plan for an iPhone, interest free. Doesn't show up that way on credit report, though.

Join Alliant CU in Chicago. Or if you have a Cu that offers it. Get a $500 SSL for 60 months or as long as you can. Pay it down immediately to 9% and let it report for the rest of the loan. Your scores will jump 30 to 40 points the first month it reports. There's a long thread in the forum's about this.

Re: How long to wait until nxt credit app

Anonymous — Sun, 22 Jan 2017 22:56:11 GMT

Do you have link to thread? Would love to read! What would the "cost" of such a move be? I would receive $500 for loan, and "pay down to 9%." How much will the move cost in total?

Re: How long to wait until nxt credit app

Gmood1 — Sun, 22 Jan 2017 23:03:26 GMT

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/td-p/4506756

There you go. You'll have maybe $40 tied up in n it for 5 years. It's worth those pennies in interest.

Re: How long to wait until nxt credit app

Anonymous — Mon, 23 Jan 2017 19:33:11 GMT

So get this started, wait 1-2 months to show up on report, get a bump in score, and apply?

Sounds reasonable to me!

Re: How long to wait until nxt credit app

Gmood1 — Mon, 23 Jan 2017 23:50:19 GMT

@Anonymous wrote:
So get this started, wait 1-2 months to show up on report, get a bump in score, and apply?

Sounds reasonable to me!

Yeah give it a couple months to settle in. Citi is such an unpredictable beast. I'd prefer the EX AAoA be closer to a year. Since they primarily pull it. As long as you're not over 5/24 with Chase. You should be fine with them. I wouldn't reapply with Chase for atleast 90 days. May want to grab that Chase Amazon prime to get in the door. Or one of the other cobranded cards that you can use. Once they get some history with you, they'll open up the flood gates.

Re: How long to wait until nxt credit app

Anonymous — Mon, 13 Feb 2017 17:31:58 GMT

Got the Alliant Secured $500/60 months. Just started reporting, it's on my EQ (not TU yet..). Dropped my EQ a bit but all scores have gone up from last score check from other factors. Pulled trigger on Chase Amazon Prime card, approved $3k, highest limit so far on low income (student). From what I can tell they pulled EQ, not sure about EX yet will have to check if they doubled later this month. Very satisfied

Will wait about 3 mos then try for Freedom if score is looking good, then maybe 3 mos after that for Citi DC. Sound reasonable?

Re: How long to wait until nxt credit app

bk510 — Tue, 14 Feb 2017 02:41:58 GMT

@Gmood1 wrote:
@Anonymous wrote:
No loans! On scholarship

I do have a "loan" through Citizens One... Apple's payment plan for an iPhone, interest free. Doesn't show up that way on credit report, though.
Join Alliant CU in Chicago. Or if you have a Cu that offers it. Get a $500 SSL for 60 months or as long as you can. Pay it down immediately to 9% and let it report for the rest of the loan. Your scores will jump 30 to 40 points the first month it reports. There's a long thread in the forum's about this.

Can one expect a similar score jump with BK reporting, if I go get that 500 SSL for 60 months?