topic Re: In which order? in Credit Cards

In which order?

Anonymous — Tue, 09 Jan 2018 18:08:26 GMT

I'm going to app for the following cards in 2018 and wonder what order I should app them in.

Discover IT Cash Back Match

PenFed Platinum Rewards Visa Signature (member since 2008 saving acct only)

US Bank Cash+ Visa Signature

My EQ is 779 avg age is 12 yr 8mo, 7 open accts, 2 have balance which I would like to transfer. I'm in Florida most pull EQ here.

Re: In which order?

K-in-Boston — Tue, 09 Jan 2018 18:16:41 GMT

The order is unlikely to matter too much with your stats. You didn't mention number of inquiries, but again it's unlikely to matter much if at all. I had no issues being approved with any of those three lenders in the past two years, but Discover has been the least generous by a long shot so perhaps they are more new account/inquiry sensitive than the others.

Re: In which order?

bourgogne — Tue, 09 Jan 2018 18:20:42 GMT

@Anonymous wrote:
I'm going to app for the following cards in 2018 and wonder what order I should app them in.

Discover IT Cash Back Match
PenFed Platinum Rewards Visa Signature (member since 2008 saving acct only)
US Bank Cash+ Visa Signature

My EQ is 779 avg age is 12 yr 8mo, 7 open accts, 2 have balance which I would like to transfer. I'm in Florida most pull EQ here.

2 bal huh, what is your individual and total % there? do you show a solid % on the usb pre-qual? what is your F8 tu because that is what tu will prob hit

Re: In which order?

Anonymous — Tue, 09 Jan 2018 18:22:12 GMT

Thank you for your quick answer. I have zero INQ's across the board.

Re: In which order?

Adkins — Tue, 09 Jan 2018 18:28:07 GMT

@Anonymous wrote:
I'm going to app for the following cards in 2018 and wonder what order I should app them in.

Discover IT Cash Back Match 3
PenFed Platinum Rewards Visa Signature (member since 2008 saving acct only) 2
US Bank Cash+ Visa Signature 1

My EQ is 779 avg age is 12 yr 8mo, 7 open accts, 2 have balance which I would like to transfer. I'm in Florida most pull EQ here.

Re: In which order?

Anonymous — Tue, 09 Jan 2018 18:37:39 GMT

My fico 8 at TU is 759 not sure why it is lower than EQ other than it shows less of a history.

My Cap1 card has a $500/4500

My First Nat'l Bank of O is $107/2100 (this has been paid but won't update until 1/12)

THD $0/3100

First Premier $0/1250

First Premier $0/825

these above are the 5 that show on TU

Saks $0/800

Conoco/Philips $0/500 (open but not used as none in my area anymore)

7 show on EX (777) and EQ (779)

I do show a solid % on the USB and Disco Prequal

Re: In which order?

bourgogne — Tue, 09 Jan 2018 18:45:13 GMT

@Anonymous wrote:
My fico 8 at TU is 759 not sure why it is lower than EQ other than it shows less of a history.

My Cap1 card has a $500/4500
My First Nat'l Bank of O is $107/2100 (this has been paid but won't update until 1/12)
THD $0/3100
First Premier $0/1250
First Premier $0/825
these above are the 5 that show on TU
Saks $0/800
Conoco/Philips $0/500 (open but not used as none in my area anymore)
7 show on EX (777) and EQ (779)

I do show a solid % on the USB and Disco Prequal

gosh you have such low limits on your cards, did you get them when your scores where a lot lower? on to your question, I am not big on multi apps much but I would do usb, penfed and disco. if one can judge a card by their portal - I do in part - usb it top notch and such a pretty color. app for it first and get it approved before moving forward. it will prob be a manual review. not to worry, if you have a solid % you are in. get the card because they will sp you during the 7-10 day period to see what you are up to. call the # right away to see if they need anything. go slow, there is no hurry, best to get the highest sl you can

Re: In which order?

AllCredit — Tue, 09 Jan 2018 18:55:26 GMT

I don't think it makes a huge difference, but I also think you should go with Discover first they do like thinner files (or at least they did last year).

Re: In which order?

Anonymous — Tue, 09 Jan 2018 18:56:30 GMT

Yes, I got my cards when rebuilding and never thought about upgrading or increasing them until I found my way back here recently.

I didn't need a lot of credit and didn't see the importance of it until I took a financial fitness class this passed year over at Catholic Charities. Now I have my head in the game.

USB is my main bank, I've had them for like 15 years or more. Never thought to get a card through them before.

Re: In which order?

bourgogne — Tue, 09 Jan 2018 19:03:26 GMT

@Anonymous wrote:
Yes, I got my cards when rebuilding and never thought about upgrading or increasing them until I found my way back here recently.

I didn't need a lot of credit and didn't see the importance of it until I took a financial fitness class this passed year over at Catholic Charities. Now I have my head in the game.

USB is my main bank, I've had them for like 15 years or more. Never thought to get a card through them before.

15, impressive, that will not hurt. I am a pts/mi guy, no cash so I cannot speak for your choices and I dont believe in bal transfers because i dont believe in balances but usb is conservative and they will look you over for a few days after the app so do not apply for more than that single card until you activate it. they are like penfed in that will can speak to a uw/loan officer. top notch outfit imo. if you get a small limit recon it for sure and ask them to use the same pull. they are really great and once you are in you are in

Re: In which order?

Anonymous — Tue, 09 Jan 2018 19:16:07 GMT

Thank you for all your help. I will definitely app usb after everything reports this month and wait before moving on to the Discover and PenFed.

I just have to get that Cap1 balance at 0%. I will get rid of it quicker. I don't want to carry a balance, but I had a major life change, several moves, etc ~~ Life happens and I was grateful to be able to carry a balance when I needed to.

Re: In which order?

bourgogne — Tue, 09 Jan 2018 19:21:51 GMT

@Anonymous wrote:
Thank you for all your help. I will definitely app usb after everything reports this month and wait before moving on to the Discover and PenFed.

I just have to get that Cap1 balance at 0%. I will get rid of it quicker. I don't want to carry a balance, but I had a major life change, several moves, etc ~~ Life happens and I was grateful to be able to carry a balance when I needed to.

np, sounds like you have some good plans ahead for yourself. as a side note you might do very well with some amex products if they fit your patterns, monster and I mean huge limits, they are by far the most generous imo BUT they do not like to carry a balance. post back with your result

Re: In which order?

Anonymous — Tue, 09 Jan 2018 19:46:35 GMT

I would apply for all 3 at once if that is what you want. With your credit scores and your AAOA it should be fine. None of those have sign up bonus spend so need to spread it out.

Re: In which order?

K-in-Boston — Tue, 09 Jan 2018 19:54:49 GMT

@Anonymous wrote:
I would apply for all 3 at once if that is what you want. With your credit scores and your AAOA it should be fine. None of those have sign up bonus spend so need to spread it out.

Agree with your post, but unless something has changed recently the PenFed card should have a $100 for $1000 spend in 90 days, and the Cash+ should have $100 (+$25 prepaid card for first-time $100 redemption) for $500 spend in 90 days, but it's not like trying to hit the Amex Business Platinum $10,000 in 3 months and Chase Sapphire Reserve $4,000 in 3 months at the same time so likely a moot point.

Re: In which order?

Vegas4Play — Tue, 09 Jan 2018 23:29:01 GMT

@Anonymous wrote:
I'm going to app for the following cards in 2018 and wonder what order I should app them in.

Discover IT Cash Back Match
PenFed Platinum Rewards Visa Signature (member since 2008 saving acct only)
US Bank Cash+ Visa Signature

My EQ is 779 avg age is 12 yr 8mo, 7 open accts, 2 have balance which I would like to transfer. I'm in Florida most pull EQ here.

I suggest :

US bank cash+

Penfed

Discover

US Bank has been a little fickle lately with seeing inquires and opened accounts on reports. Even with a SOLID prequal on the website. You having no inq. currently showiong is great. I would just apply in the following order above.

Re: In which order?

Anonymous — Tue, 09 Jan 2018 23:33:31 GMT

Once approved, ditch FP cards!