topic Re: Thinking of applying for 1st Amex and 2nd discover it in Credit Cards

Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 12:36:25 GMT

I am pretty sure I will get either one of these cards but I'm more sure about disco. Since I've had 1 disco card for almost a year and bank with them..

I'm pre qualified with amex with nice subs. But range apr. (I would apply for the everyday card)
I really want to get in with amex.. as of now I don't travel much but plan to in the future the mrps could be like a savings for my family vacation (whenever this will be).
Was thinking of getting 2nd disco end of May or June depending on the pre qualifications I see. Then maybe wait 12 months to get amex.(this would be when I combine disco and my anniversary of 2nd card)

I will be getting over 200$ back once my anniversary of 1st card hits next month. I drive a lot for work so the 2% gas match works great for me. I was able to put a lot of spend through this card even though was secured $200 until December cli to $2000.

The way I look at it I will get as much or more with 2nd disco cash back match than the subs I see with amex right now.
This way I can combine both disco cards next year and have a nice limit.
Then get in with amex next year.
Is this a good plan?
Am I missing out if I wait a full year for amex?
Information in sig. Lmk if need more info.
Aaoa 10 months
Aooa 22 months
Oldest credit card 14 months
Utilization will be under 9 when I app

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 13:06:45 GMT

Just a thought: you may want to call Discover and switch to the rotating categories. The rotating categories offer 5% cashback, the categories just change quarterly.
I switched a couple of months ago and I'm stil secured (only 6 months in).
I, too, am looking for an Amex but primarily for gas and grocery spend coverage when I'm not in those Discover categories.

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 15:40:53 GMT

That's actually a great idea. Thank you for the information.
I'm just not sure yet if the rotating categories would be better for me as most of my spending through card is gas and restaurants. It would be nice to get in with amex. I am almost tempted to apply for both cards on the same day. Edit
I know I probably should not

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 15:45:28 GMT

Applying on the same day would be fine.
Also, as for the 5% rotating categories, you would still earn 1% on the off-season for spend not in the quarter's category.
5% gas for three months and 5% groceries for three months makes it make sense over the standard that you have now.

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 23 Apr 2019 18:59:47 GMT

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 17:16:58 GMT

I am going to call discover and switch to 5% since this is a gas quarter. Thank you

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 16 Apr 2019 17:36:00 GMT

I actually just pc to the 5 percent. And my billing cycle starts/ends on 19th. That's when the PC starts. So I'll be able to take advantage of double cash back on gas in a few days. Until May 19th my anniversary.
Thank you again I was so worried about my next move I missed one right in front of me.

Re: Thinking of applying for 1st Amex and 2nd discover it

HighAchiever — Tue, 23 Apr 2019 15:21:36 GMT

Congrats...

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Tue, 23 Apr 2019 18:57:11 GMT

Sacasim? Yai t's not exactly the best case scenario. I could apply with amex and be approved today that would obviously be ideal. But why not wait for better chance of approval? Another inquiry aged over a year yesterday( even though people say amex isn't sensitive to inquiries). 2 more next week over 2 years.

Re: Thinking of applying for 1st Amex and 2nd discover it

NRB525 — Tue, 23 Apr 2019 19:08:30 GMT

No sarcasm. It’s a legit Congrats.

Since there is no direct SUB for Discover, it makes sense to adjust the current card to your long term needs, take advantage of the gas quarter.

Fewer apps will help your score improve.

Re: Thinking of applying for 1st Amex and 2nd discover it

Anonymous — Wed, 24 Apr 2019 03:43:19 GMT

Ok then thanks. I completely agree and plan on gardening 12 months after getting the right card. I learned my lesson on too many new accounts.. but I figured I would start my rebuild with as many accounts as possible to help aaoa down line. And even store cards get good use. Do u think I should wait to apply until after July? I'd have Minimal utilization and # inquiries in past year at that point