topic Re: the app itch... in Credit Cards

the app itch...

afbar1114 — Wed, 22 Feb 2012 21:25:40 GMT

i am getting the app itch again...its because my utl is low now but i still know i wont get anything until at least 6 months. i know at the one year mark i will get what i want but most likly not the CSP...

i really want to app for a citi student card

Re: the app itch...

Anonymous — Wed, 22 Feb 2012 21:27:23 GMT

Given that you make a new thread about wanting to apply for cards 3-4 times a week, I'd say you never lost your "app itch."

You're already on board with some good lenders. You've laid a good foundation. If what you want is the AMEX Gold and Chase SP, there's really no reason to apply for any cards until you're sure you can get the ones you want.

The primary function of this forum seems to be to encourage people to use credit inquiries, but, despite that, everyone is still telling you not to apply for anything. That said, I'd consider taking a break from this forum. If you're trying to not apply for credit cards, it must be painful to read a dozen threads a day about people getting approved for credit cards. You'll get what you want a lot faster if you take at least a year off from worrying about credit cards. Watched pot never boils, etc.

Re: the app itch...

afbar1114 — Wed, 22 Feb 2012 21:29:11 GMT

that is true i think i do need to be away from this site for a while its hard to always see people say i got.... with 20inqs and 5 baddies blah blah blah. and i think to my self my profile is better then that why not i try

Re: the app itch...

Anonymous — Wed, 22 Feb 2012 21:33:57 GMT

Right. Think about it though. If you don't get another INQ for an entire year, you could be one of those people posting about how you had a surprisingly low score to get approved for a CSP. And if you don't get it, you'll at least feel good knowing that you used the INQ on something you really wanted to get, and you've only used one INQ all year.

If you lower your AAoA and add INQs getting/trying to get useless cards like the Citi Student, you're probably not going to be able to consider applying for the cards you really want for a year and a half.

Re: the app itch...

afbar1114 — Wed, 22 Feb 2012 21:36:10 GMT

i hear what your saying it seems like citi is card no body really wants anymore. i would really like a good card so i can go on vacation in june with somehting with a high CL. but i most likly wont app for anything and only try for one CLI on my slate in 6 months when my UTL should be about 15% or lower

Re: the app itch...

Anonymous — Wed, 22 Feb 2012 22:19:22 GMT

Afbar your screenname alone should be in the Urban Dictionary under Afbar: to frequently make threads about applying for credit even after telling yourself multiple times that you are gardening.

All joking aside your itches for new credit are just hurting you even more. Credit is a game of patience, if you have an itch for a new card open up a new checking account and get a new debit card. I like how you are inspired to get great cards, but you might want to think what your purpose for each card is. Also not knocking your credit score, but there is always room for improvement. Do you want lenders looking at your credit report saying "wow this person is desperate for credit" or would you rather be patient, build your score up and have them look at your report as you are not desperate. Come up with a plan for your credit goals and stick to it. You go back and forth more than a tennis match. I wish you the best of luck with your cards and credit in the future.

Re: the app itch...

Anonymous — Wed, 22 Feb 2012 22:21:07 GMT

@Anonymous wrote:
Afbar your screenname alone should be in the Urban Dictionary under Afbar: to frequently make threads about applying for credit even after telling yourself multiple times that you are gardening.

LOL!

Re: the app itch...

afbar1114 — Wed, 22 Feb 2012 22:25:59 GMT

maybe once i get passed 30 days ill be good and itch will be gone

Re: the app itch...

afbar1114 — Wed, 22 Feb 2012 22:42:57 GMT

when i think about it in 3/13 when ill try for bcp and csp all my cards will be over 1 year and some will be alomst 1.5 years

Re: the app itch...

Cory — Wed, 22 Feb 2012 22:48:21 GMT

Benedry will usually clear that up for ya!

Re: the app itch...

Anonymous — Wed, 22 Feb 2012 23:03:26 GMT

This has got to be one of the worst itches I've read about here.

Re: the app itch...

LS2982 — Thu, 23 Feb 2012 00:00:13 GMT

@afbar1114 wrote:
i am getting the app itch again...its because my utl is low now but i still know i wont get anything until at least 6 months. i know at the one year mark i will get what i want but most likly not the CSP...
i really want to app for a citi student card

GARDEN!!!!!!

Re: the app itch...

laboi_22 — Thu, 23 Feb 2012 01:58:03 GMT

@afbar1114 wrote:
when i think about it in 3/13 when ill try for bcp and csp all my cards will be over 1 year and some will be alomst 1.5 years

Take it from me you will get declined for Citi. It will be a day filled with sadness and guilt for having pulled the trigger knowing full well Citi is SO SENSITIVE about INQs Be careful with them. Also a recon includes you sending out via fax or mail copies of your credit report with the reason for the recon. How will you explain all the inquiries. I'm addicted to applying for credit? Automatic RECON FAILURE!

Re: the app itch...

afbar1114 — Thu, 23 Feb 2012 02:04:10 GMT

@laboi_22 wrote:
@afbar1114 wrote:
when i think about it in 3/13 when ill try for bcp and csp all my cards will be over 1 year and some will be alomst 1.5 years
Take it from me you will get declined for Citi. It will be a day filled with sadness and guilt for having pulled the trigger knowing full well Citi is SO SENSITIVE about INQs Be careful with them. Also a recon includes you sending out via fax or mail copies of your credit report with the reason for the recon. How will you explain all the inquiries. I'm addicted to applying for credit? Automatic RECON FAILURE!

yea that sounds like not addcited to credit as much as the type of cards and what they offer. i just want to get rid of some store cards and cap1s. but they are MUCH
better then FP and BBRZMC

Re: the app itch...

Anonymous — Thu, 23 Feb 2012 02:11:41 GMT

What you should be trying to do, in my opinion, is make Chase and AMEX think you're a good customer, since they offer the high-end cards you want. They barely approved you on the Slate (I doubt they offer a limit much lower than $500 on that, so I'd have to say you squeaked by). What does it say to them if they approve you for their card and then soon afterwards you decide they aren't good enough and need to apply for more cards? If you don't like the Cap1s, close them, fine, but there's no reason to apply for cards that are worse than your best cards.

Re: the app itch...

laboi_22 — Thu, 23 Feb 2012 02:13:00 GMT

I understand what you mean but let me just be clear Citi does not care that you don't like the types of cards you have. There is never a good reason to explain for all the INQs on one's CR. Banks view excessive applying for credit as desperate and a very HIGH risk. They don't care that the reason you are applying is to get better products. In their opinion if you were able to get better products it would only take one inquiry and approval not multiple inquiries. If you have that on your CR they think why would I open a prime product when no one else will. I'm only trying to help you. I've been where you are at now. I do have one request. Sit back and look at where you are. You have AMEX Zync. What's better than a NPSL with tons of potential purchasing power? You are doing well. Give it some time and fall in love with the cards you have. Zync is prime product and IMO better than a Citi student card!

Re: the app itch...

afbar1114 — Thu, 23 Feb 2012 02:22:21 GMT

i see what your all saying now maybe ill just use slate and zync for now and just PIF all the time slate is 0% for 15 months. and just use CAP1s once in a while. im also trying to get rid of 1 or 2 store cards

Re: the app itch...

laboi_22 — Thu, 23 Feb 2012 02:27:32 GMT

I would pay everything with my Zync. Everyday purchases, monthly bills, online shopping, etc. I would setup auto pay for Chase Slate and let one bill you owe get paid with that account each month and PIF right away. I would use Cap 1 last (since the potential for CL is low) each quarter. Make a small purchase like soda at the gas station and PIF right away.

Build positive history with AMEX on the Zync in 6 months they won't care as much about your score if you are an awesome Zync customer! In the meantime have fun with your Zync it's loaded with features. Rack up some points. Get some gift cards. Have fun!

Don't close your store cards. Let them build your AAOA and garden them for CLIs (the ones that are SP only like GE)

Do this and in 6 short months I think you'd be good to go!

Re: the app itch...

Anonymous — Thu, 23 Feb 2012 02:30:08 GMT

@laboi_22 wrote:
I understand what you mean but let me just be clear Citi does not care that you don't like the types of cards you have. There is never a good reason to explain for all the INQs on one's CR. Banks view excessive applying for credit as desperate and a very HIGH risk. They don't care that the reason you are applying is to get better products. In their opinion if you were able to get better products it would only take one inquiry and approval not multiple inquiries. If you have that on your CR they think why would I open a prime product when no one else will. I'm only trying to help you. I've been where you are at now. I do have one request. Sit back and look at where you are. You have AMEX Zync. What's better than a NPSL with tons of potential purchasing power? You are doing well. Give it some time and fall in love with the cards you have. Zync is prime product and IMO better than a Citi student card!

This is exactly what I've been telling myself regarding my Amex Green, and it's been helping to quell app itch for me. Yes, there are cards that I want. Yes, it feels good to get decent cards after having FP and Orchard. Yes, yes, yes. BUT... I realize that I WON'T get what I ultimately want if I app prematurely, or even worse, for cards that I don't really need. The same applies to you. You'll only be adding inqs and, if approved for less desired cards, hacking away at your AAoA for no good reason. The very best way to get the cards that you really, really want is to stay in the garden until the time is right, until you can be reasonably confident that you stand a good chance for approval. Until then, grab a refreshment in the Garden Club, apply some anti-itch medication, and then sit back and relax. Trust me, right now time is your best friend.

Re: the app itch...

afbar1114 — Thu, 23 Feb 2012 02:31:18 GMT

@laboi_22 wrote:
I would pay everything with my Zync. Everyday purchases, monthly bills, online shopping, etc. I would setup auto pay for Chase Slate and let one bill you owe get paid with that account each month and PIF right away. I would use Cap 1 last (since the potential for CL is low) each quarter. Make a small purchase like soda at the gas station and PIF right away.

Build positive history with AMEX on the Zync in 6 months they won't care as much about your score if you are an awesome Zync customer! In the meantime have fun with your Zync it's loaded with features. Rack up some points. Get some gift cards. Have fun!

Don't close your store cards. Let them build your AAOA and garden them for CLIs (the ones that are SP only like GE)

Do this and in 6 short months I think you'd be good to go!

i do use my zync for everything in a lil over 2 weeks i put on $600 and just started putting gass on it.. i am going to let a high bal post on amex just so it looks good to other banks if i ever need a recon. my slate has NO apr until april 2013