topic Re: App Spree in Credit Cards

App Spree

Middleswarth — Sun, 15 Jul 2012 19:07:43 GMT

I decided to get a bunch of cards now since I'm 2+ years away from getting a mortgage. I figured I throw out a bunch of apps and see what sticks.

I pulled my scores just before the spree. I wanted to see them one last time before I blasted them into space.

My TU was 691. EQ was 630. I have to assume EX was about the same as TU as it is has similar account info (and is close to TU on USAA's FAKO score)...

So without further adieu, here are the cards and results:

Card	Result

NFCU	Review
US Airways	Review
BJ's	Review
American Airlines	Approved
American Express Zync	Denied
Chase	Review
Chrysler	Not Instant
Bank of America	Review
Walmart	Review
Macy's	Approved
Discover	Approved
Citi	Review
Dell	Denied
Kohl's	Approved
PayPal	Approved
Amazon	Review
US Bank	Review

Once I get the results from the cards under review I will update the post. I may recon a couple but I'm not going to go crazy with it. I have pretty much all I need at this point.

I figure I'll wait until September or October to pull my scores again (to see the damage). Then I'm off to the garden for 2 years.

BTW - I already have 2 Cap One cards for about 9 months ($500 limits) and I just got a USAA Secured MC ($5000). I know that's enough for FICO, but my goal is more to build relationships, increase my CL, and not have to app for cards again until after I have the keys to my new house.

Re: App Spree

Anonymous — Sun, 15 Jul 2012 19:16:26 GMT

17 apps? Now that's a real app spree. You're definitely gonna need the two years to rebound from that. Congrats on the approvals. What are the amounts?

Re: App Spree

Anonymous — Sun, 15 Jul 2012 19:28:07 GMT

This is not an app spree. This is apps gone wild! Is your eq score 630 Fico? I'm curious about the NFCU app, if you have a decent AAOA and no recent baddies they should approve you

Re: App Spree

webhopper — Sun, 15 Jul 2012 20:47:29 GMT

Apps gone wild lol that's an understatement. Oh well at least all the new ones will age well together. I agree that nfcu will likely be approved

Re: App Spree

webhopper — Sun, 15 Jul 2012 20:48:37 GMT

Discover and nfcu should do well for you

Re: App Spree

iMacDrew — Sun, 15 Jul 2012 21:38:02 GMT

hopper why will nfcu do him well? jw i had my cash rewards from nfcu for 3 yrs

Re: App Spree

Middleswarth — Sun, 15 Jul 2012 22:06:37 GMT

@Anonymous wrote:
17 apps? Now that's a real app spree. You're definitely gonna need the two years to rebound from that. Congrats on the approvals. What are the amounts?

Wow! I did not realize there was 17 apps. I actually had more to apply for but I made it a point to stop after I got one that was 'similar'. For example, I scrapped Sears app once I was approved for Kohl's. Macy's was a duplicate because they originally did not approve (it was review but I got an e-mail to call within an hour). I applied to both airlines because the first one didn't approve instantly (I didn't want to wait until later with all the INQs on my reports).

BTW - Other than the AAoA, it's not that bad. 9 INQs on EX. Only 3 for EQ. 7 INQs on TU.

I'll post the amounts when I get everything together. So far I have a high of $2000 and a low of $400.

Re: App Spree

webhopper — Sun, 15 Jul 2012 22:09:04 GMT

Nfcu gives nice credit limits and low interest. Ive heard a lot of stories about people getting increases on their credit limit automatically. Also you can change your card type by calling... no need to apply for one of their other cards; you can just change to it and not lose the history

Re: App Spree

Middleswarth — Sun, 15 Jul 2012 22:12:35 GMT

@Anonymous wrote:
This is not an app spree. This is apps gone wild! Is your eq score 630 Fico? I'm curious about the NFCU app, if you have a decent AAOA and no recent baddies they should approve you

Yes, EQ FICO. EQ has my 2003 Chapter 13 listed as DISMISSED, which is incorrect. It also has a few 30 and 60 day lates from 2008 and a paid collection. None of these are on my other reports. Plus, TU has my paid car loan.

For NFCU, I just joined yesterday and apped for the card right away. Since they don't know me I can understand the wait. Plus, they like EQ. I did put in the note on the app that EQ had some errors. I see they did check TU as well so hopefully they will understand.

Re: App Spree

Middleswarth — Sun, 15 Jul 2012 22:14:00 GMT

@webhopper wrote:
Apps gone wild lol that's an understatement. Oh well at least all the new ones will age well together. I agree that nfcu will likely be approved

Yes, that was my thought as well. They can age together and the INQs can fall off the report together. When the time comes for the house, my report will be clean on all 3 CRs.

Re: App Spree

webhopper — Sun, 15 Jul 2012 22:16:53 GMT

All of nfcus apps go through manual review; the fact that you have to wait means nothing. Mine was not automatically approved and they started me with a 22k limit

Re: App Spree

Middleswarth — Sun, 15 Jul 2012 22:18:58 GMT

@webhopper wrote:
Nfcu gives nice credit limits and low interest. Ive heard a lot of stories about people getting increases on their credit limit automatically. Also you can change your card type by calling... no need to apply for one of their other cards; you can just change to it and not lose the history

That's good to know. I had to call them to get my online access straightened out. The CSR was SUPER nice. She took lots of extra time to explain their services and made it a point to welcome me. I have to say NFCU and USAA are the 2 best customer services encounters I have ever had with financial institutions.

Re: App Spree

Middleswarth — Sun, 15 Jul 2012 22:27:51 GMT

@webhopper wrote:
All of nfcus apps go through manual review; the fact that you have to wait means nothing. Mine was not automatically approved and they started me with a 22k limit

Holy cow! I'm not expecting a $22k limit but $5k to match my secured USAA would be nice.

Re: App Spree

webhopper — Sun, 15 Jul 2012 22:32:01 GMT

Ya it totally blew my mind. They did have all my financials because I just did a truck refi before getting the pre approved offer for the cash reawards card. I don't know if my financial paperwork played a role in getting that limit but I'm sure it didn't hurt

Re: App Spree

Repo-ed — Sun, 15 Jul 2012 22:40:15 GMT

At least you won't have to remember when each INQ will fall off.

Re: App Spree

Anonymous — Sun, 15 Jul 2012 23:03:01 GMT

@Middleswarth wrote:
@webhopper wrote:
All of nfcus apps go through manual review; the fact that you have to wait means nothing. Mine was not automatically approved and they started me with a 22k limit
Holy cow! I'm not expecting a $22k limit but $5k to match my secured USAA would be nice.

I applied late night and received the "approved" text the next afternoon. Customer service is great. I'm going to initiate a refi of my camry this week. Glad I held off from USAA refi, hoping NFCU gives me a better rate.

Re: App Spree

iMacDrew — Sun, 15 Jul 2012 23:36:04 GMT

@webhopper wrote:
Nfcu gives nice credit limits and low interest. Ive heard a lot of stories about people getting increases on their credit limit automatically. Also you can change your card type by calling... no need to apply for one of their other cards; you can just change to it and not lose the history

Thats pretty sweet actually, I was gonna pay off that card and just let it sit but I may change it to something else.

Re: App Spree

emptypockets — Mon, 16 Jul 2012 01:37:06 GMT

@Middleswarth wrote:
I decided to get a bunch of cards now since I'm 2+ years away from getting a mortgage. I figured I throw out a bunch of apps and see what sticks.

I pulled my scores just before the spree. I wanted to see them one last time before I blasted them into space.

My TU was 691. EQ was 630. I have to assume EX was about the same as TU as it is has similar account info (and is close to TU on USAA's FAKO score)...

So without further adieu, here are the cards and results:

Card Result

NFCU Review
US Airways Review
BJ's Review
American Airlines Approved
American Express Zync Denied
Chase Review
Chrysler Not Instant
Bank of America Review
Walmart Review
Macy's Approved
Discover Approved
Citi Review
Dell Denied
Kohl's Approved
PayPal Approved
Amazon Review
US Bank Review

Once I get the results from the cards under review I will update the post. I may recon a couple but I'm not going to go crazy with it. I have pretty much all I need at this point.

I figure I'll wait until September or October to pull my scores again (to see the damage). Then I'm off to the garden for 2 years.

BTW - I already have 2 Cap One cards for about 9 months ($500 limits) and I just got a USAA Secured MC ($5000). I know that's enough for FICO, but my goal is more to build relationships, increase my CL, and not have to app for cards again until after I have the keys to my new house.

Wow....just WOW! 17 apps? You are way more brave than I am.

Re: App Spree

Anonymous — Mon, 16 Jul 2012 04:26:04 GMT

Unbelievable congrats on the approved ones and I hope you get most of the reviewed cards

Re: App Spree

Anonymous — Mon, 16 Jul 2012 04:38:41 GMT

WOW! You are braver than I as well. I echo NFCU CS praises.