topic Re: Want to app spree in Credit Cards

Want to app spree

capricornchanges — Wed, 20 Jun 2018 19:15:02 GMT

What can I get with these?
Eq 663
TU 647
Exp 656

These are my CC scores from MyFico, prefer bank over retail.

Re: Want to app spree

Anonymous — Wed, 20 Jun 2018 20:05:08 GMT

I would personally garden a bit longer to raise the score around 690’s- 700’s to get a higher initial CL n to be sure of any declines. But if you must, I’d probably go with a chase FU or F to start a relationship. Or perhaps even a BCE or ED Amex.

FYI, I got approved for the chase Freedom and Amex ED (1 month) apart recently with a 680’s score and with ~80% utilization.

Re: Want to app spree

K-in-Boston — Wed, 20 Jun 2018 21:33:48 GMT

I can't stress enough the importance of applying for what you want rather than settling for what you think you might be approved for. If you are interested in bank cards, I would take a look at the various major lenders' prequalification sites to see if anything comes up, specifically with a single APR or a small APR range listed (not "14.49% - 26.49% depending upon creditworthiness" or similar language). Those are generally a sign of better approval odds, or near-certainty with some lenders.

Are there particular stores that you shop regularly where having a cobranded or store card would save you money on purchases you are already making? If so, it may make sense to Google credit pulls database and compare your scores to those that report being approved for the same products.

Finally, do you do much traveling? If so, by what means and where do you stay? A charge card from American Express would be a fairly likely approval with your scores, but you would want to make sure that the annual fee is worth it to you.

Re: Want to app spree

UpperNwGuy — Wed, 20 Jun 2018 22:39:50 GMT

An app spree is not a good idea. Find a credit card (just one) that would really add something to your portfolio and apply for that one. Wait six months before going after a second card.

Re: Want to app spree

AverageJoesCredit — Wed, 20 Jun 2018 23:12:21 GMT

I would continue to let your scores grow before doing an spp spree. Spreeing for the heck of it and with borderline scores may bring about regret. I agree with both K and Upper, solid advise. You can check out Chase if their cards fit your lifestyle and spend but they dont necessarily work for everyone. Good luck on your decision

Re: Want to app spree

HeavenOhio — Thu, 21 Jun 2018 00:00:05 GMT

If Chase is part of the plan, you need to do it right. First, wait until your oldest card is a year old. Second, stay away from 5/24. If you really want a Chase card, you could grab a different card now if you'd like, then go for Chase as your next card once your profile is ready.

Re: Want to app spree

NRB525 — Thu, 21 Jun 2018 00:16:38 GMT

App sprees are so 2015.

Re: Want to app spree

red259 — Thu, 21 Jun 2018 02:15:20 GMT

Some lenders are taking a very dim view of people who aggresively seek credit. I would not be engaging in app sprees and instead just focus on slowly aquiring the cards you want/need. Being too agressive and going for a number of cards at once may make life much more difficult later on.

Re: Want to app spree

Anonymous — Thu, 21 Jun 2018 15:19:11 GMT

Great job on improving your credit, OP! Your scores not bad, but I would like some data points so that I can give you a well-informed answer.

Re: Want to app spree

capricornchanges — Sun, 24 Jun 2018 13:32:31 GMT

Rude, your reply contributes nothing to this conversation, if you have nothing constructive to say, well....

Re: Want to app spree

capricornchanges — Sun, 24 Jun 2018 13:34:40 GMT

@Anonymous wrote:
Great job on improving your credit, OP! Your scores not bad, but I would like some data points so that I can give you a well-informed answer.

Thank you! I just closed on my first home and only want to add a couple more so that all inquiries age off at te same time, not to run up debt, my current bal is $ 178/12,000.00

Re: Want to app spree

Anonymous — Sun, 24 Jun 2018 15:51:53 GMT

Sounds good!

Based on your scores, you should consider the Capital One Quicksilver One card or the Amex Blue Cash Everyday card. Maybe if you are lucky, the Capital One Venture card.

Re: Want to app spree

Anonymous — Sun, 24 Jun 2018 15:53:36 GMT

Out curiosity, do you have any negative information on your credit report?

Re: Want to app spree

capricornchanges — Mon, 25 Jun 2018 02:55:38 GMT

A few lates from 4 or 5 yrs ago and a 6 yr old chap 13

@Anonymous wrote:
Out curiosity, do you have any negative information on your credit report?

Re: Want to app spree

Anonymous — Mon, 25 Jun 2018 03:19:13 GMT

Thanks for getting back to me!

In that case, check Amex's pre-qual. page and Capital One's as well, but I think you have a pretty good shot for the Cap One Quicksilver One card. Your scores are commendable (seriously, you have done well!), and Cap One has lenient underwriting requirements.

Re: Want to app spree

Anonymous — Mon, 25 Jun 2018 03:29:54 GMT

Oh, I forgot to mention the Chase Freedom card. Chase is generally conservative, but you may get approved because your baddies are 4 to 6 years old. If the computer denies you, however, you may get approved by convincing a credit analyst to reconsider your application.

Re: Want to app spree

NRB525 — Mon, 25 Jun 2018 03:47:07 GMT

Sorry if the initial replies sounded rude, but they do include information you should consider prior to an app spree, so they are actually constructive.

An app spree of 3 to 9 CC in one day leads to a lot of activity on your file. Lenders such as Chase and AMEX, and to a lesser extent Citi are clamping down to reduce the amount of card apps. For your long term relations with these banks, slow and deliberate is the new “spree”.

With some baddies on your file, that may lessen your successful apps. Taking your time to show these lenders you are now trustworthy is doubly important.

Many app sprees rely on store cards to generate the volume of approved appps, and these accounts can be useful to some people. The limitations such as Chase 5/24 need to be considered, since Chase has quite a few nice cards you may want.

You can do the spree, that is your decision to make, but it is best to make these choices with all available good information. That’s why you came here, to gain insight.

Re: Want to app spree

Anonymous — Mon, 25 Jun 2018 03:59:44 GMT

Hi there!

I am not sure whether you are addressing my comment, but I will respond to you anyway.

First, you do not sound rude; rather, you make you valid points!

Prime lenders may be hesistiant to extend credit to the OP due to years-old baddies, but I do think that the OP has a solid chance if his or hers credit profile has improved and the he or she is practicing good credit-managing habbits. Of course this a "your experience may vary" type situation.

Thanks for your contribution to the thread!

Re: Want to app spree

HeavenOhio — Mon, 25 Jun 2018 05:02:29 GMT

We really don't have enough specifics about the OP's profile to offer specific advice. Which cards to you have now, what are your limits, how old is your oldest card, how old is your newest card, and how's your utilization?

Based on scores alone, I'd certainly suggest applying for the Quicksilver over the Quicksilver One and its fee.

Re: Want to app spree

Anonymous — Mon, 25 Jun 2018 05:29:22 GMT

You are totally right, Heaven!

My advice assumes (which is not good) that the OP app'd, say, a year ago, since the scores are much higher than someone who filed for bankruptcy recently. We should also ask the OP what lenders he or she burned in the bk—if Citi and Chase were included, the OP may be blacklisted.

Thanks for pointing this out!