topic Re: App Spree Levels in Credit Cards

App Spree Levels

SnackTrader — Tue, 30 Oct 2012 00:13:40 GMT

I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.

Does anyone else feel this way? What are the opinions of others on the levels of app sprees?

Re: App Spree Levels

sccredit — Tue, 30 Oct 2012 00:16:09 GMT

I think everyone's definition will vary. After closing on my house I did 8 cards, got all of them and my score stayed steady. Some people will do 2 cards and have had enough! Depends how much you can personally take of apping IMO!

Re: App Spree Levels

distantarray — Tue, 30 Oct 2012 00:24:46 GMT

@SnackTrader wrote:
I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.

Does anyone else feel this way? What are the opinions of others on the levels of app sprees?

Average credit card debt per household with credit card debt: $15,956
609.8 million credit cards held by U.S. consumers.
Average number of credit cards held by cardholders: 3.5, as of yearend 2008

App-O-Rama is what people usually refer to as crazy app sprees.... like applying for 15 cards at once, but it's really stupid because most App-O-Rama idiot usually applies for massive amounts of store cards which are usually between two lenders. Comenty and GECRB so they'll know immediately that your at a high risk of charge and filing bankruptcy will close out all your cards. (happens more than you think)

Basics about an App spree is you do it on the same day so the lenders won't realize that your planning to cheat on them with other lenders from the start. After approved it's much easier to keep smooth sailing, kinda like after you get laid once by a person it generally tends to get easier and if they do catch you sleeping around it the first one usually likes being the first (PSECU, US BANK etc)

The key is to only apply for cards that are ACTUALLY worthwhile, and not a card JUST to sock drawer. Although if your credit is established enough to be able to take multiple hits every month and stay above 760+ (possible) then you can stand back and REAP all the benefits of every promotion like this husband and wife team did. I <3 this

Re: App Spree Levels

distantarray — Tue, 30 Oct 2012 00:26:26 GMT

Also most people are uneducated with credit like knowing about things like Trifecta , benefits of having checking with credit cards, cards that give you 6% back on your groceries, etc until they see it. They all assume it's 1-2 points back cause that's all they see on TV. I've NEVER seen them advertise 5%+ cards on TV personally.

Re: App Spree Levels

maiden_girl — Tue, 30 Oct 2012 00:27:34 GMT

Not app spree. App drive-by. LMAO.

Re: App Spree Levels

SnackTrader — Tue, 30 Oct 2012 01:07:33 GMT

I Love It! But I still think 3 or more is a full spree!

And thank you Distantarray for proving me right. But I don't know why you provided a ton of lecture material on app sprees... I think you may have misunderstood my post.

Re: App Spree Levels

Duncanrr — Tue, 30 Oct 2012 01:14:42 GMT

2-3 apps is a mini app spree, 4-5 is an app spree and 6+ is a round of "Press You Luck"

Re: App Spree Levels

distantarray — Tue, 30 Oct 2012 01:19:37 GMT

lol opps, but yea App sprees are fine when you aquire enough history and age to warrent continous apping while staying past 760+ scores. But it takes a long time to get to that point. But once your there your garden is flourishing and you won't have a problem finding enough bees to make your honey to make your life a little sweeter =)

Re: App Spree Levels

adavis425 — Tue, 30 Oct 2012 01:23:56 GMT

@sccredit wrote:
I think everyone's definition will vary. After closing on my house I did 8 cards, got all of them and my score stayed steady. Some people will do 2 cards and have had enough! Depends how much you can personally take of apping IMO!

Really depends on your comfort level. I don't think there is a "right" number of cards and if someone chooses to app for 15 cards in a go, more power to them. Even if their scores drop, it's not permanent. No big deal as long as you can pay your bills.

Re: App Spree Levels

jsucool76 — Tue, 30 Oct 2012 01:35:29 GMT

@distantarray wrote:
@SnackTrader wrote:
I want to talk about something, and it comes in the form of both a rant and a question.

I've been seeing a large number of people coming on here and talking about their "mini" app sprees. Then, they throw out the results of 4 or 5 or more applications. This is not directed at anyone in particular, but rather I think it is just part of the culture from this forum. But how can anyone think this is "mini"!?! If that's mini, I don't want to know what a full app spree is.

I plan to go on an app spree for 3 cards in January, because I think the idea behind a spree is worthwhile FICO-wise. But, I would guess that the average person doesn't have 4 or 5 credit cards total, so if I am approved for all 3 I will be an abnormal consumer. I just hope all the members here understand that and take note that their "mini" spree behavior is likely very difficult for an average consumer to grasp.

Let's just call a spade a spade and say that 3 applications is a full app spree. Anything less than that is probably typical for a normal consumer needing credit Anything more than 5 or 6 is pretty intense. A mini app spree does not exist in my opinion.

Does anyone else feel this way? What are the opinions of others on the levels of app sprees?
Average credit card debt per household with credit card debt: $15,956
609.8 million credit cards held by U.S. consumers.
Average number of credit cards held by cardholders: 3.5, as of yearend 2008

App-O-Rama is what people usually refer to as crazy app sprees.... like applying for 15 cards at once, but it's really stupid because most App-O-Rama idiot usually applies for massive amounts of store cards which are usually between two lenders. Comenty and GECRB so they'll know immediately that your at a high risk of charge and filing bankruptcy will close out all your cards. (happens more than you think)

Basics about an App spree is you do it on the same day so the lenders won't realize that your planning to cheat on them with other lenders from the start. After approved it's much easier to keep smooth sailing, kinda like after you get laid once by a person it generally tends to get easier and if they do catch you sleeping around it the first one usually likes being the first (PSECU, US BANK etc)

The key is to only apply for cards that are ACTUALLY worthwhile, and not a card JUST to sock drawer. Although if your credit is established enough to be able to take multiple hits every month and stay above 760+ (possible) then you can stand back and REAP all the benefits of every promotion like this husband and wife team did. I <3 this

Oh wow...almost 9 inches...

rofl

Re: App Spree Levels

Anonymous — Tue, 30 Oct 2012 03:58:07 GMT

I'm the exact opposite. I always see posts named "app spree" here and click on it only to find they applied for two cards. These actually annoy me, because I'm expecting something more substantial. I like to see numerous cards applied for, the reasons you app'd for each card, approval/denial/limits...actual helpful information for anyone else who might be planning a spree of their own. Normally it's just a guy who randomly app'd for some card he'd been wanting for a while, and then gets a rush off an approval and apps for the next thing he sees.

You see, I'm planning my own app spree in Jan. It will likely be six cards. I already made a wish list of cards I want, and each has a specific reason for me getting it. I narrowed that list down to the exact six I'll app for, but that will of course change over the next couple of months. I know the sign up bonuses, the terms of each to get the bonus, and how I'll meet those terms. I know which CR each bank is likely to pull. I know which order I should do them in based off this and how sensitive they are to Inq's. I know exactly what my AAoA will be after six new accounts report, including backdating an Amex...which is why I'm waiting until Jan. I know what all my scores are, and likely will be when I app. This is a game to me, but one I take seriously. My credit is something I worked hard to build up. But it's also something that is wasted if I don't take advantage of the benefits.

You are right about something though. The average consumer doesn't think about this. My friends think I'm nutty since I can't even carry all my cards in my wallet. Average consumers don't come and post on credit forums (let alone many different ones like I do). But this is one of my hobbies. I enjoy it. I get great rewards from it. And Monday Night Football was boring, so...yeah.

Re: App Spree Levels

Shogun — Tue, 30 Oct 2012 04:04:52 GMT

8+ is considered drapping!!!! You know who you are! LOL

Yup, tonight's game was a snoozer. Cardinals just sucked. IMHO

Re: App Spree Levels

Duncanrr — Tue, 30 Oct 2012 04:08:10 GMT

@Shogun wrote:
8+ is considered drapping!!!! You know who you are! LOL

Yup, tonight's game was a snoozer. Cardinals just sucked. IMHO

Good thing I only apped for 5 then

Re: App Spree Levels

Shogun — Tue, 30 Oct 2012 04:16:31 GMT

@Duncanrr wrote:
@Shogun wrote:
8+ is considered drapping!!!! You know who you are! LOL

Yup, tonight's game was a snoozer. Cardinals just sucked. IMHO
Good thing I only apped for 5 then

LOL!!!!!

Re: App Spree Levels

Anonymous — Tue, 30 Oct 2012 04:23:00 GMT

2-3 mini app spree

4-6 app spree

+6 damn...

Re: App Spree Levels

Anonymous — Tue, 30 Oct 2012 04:23:50 GMT

yesterday I watching a show, and saw someone whose last name was DRAPPER hahahaha, guess who I though of?? lmao

Re: App Spree Levels

maiden_girl — Tue, 30 Oct 2012 04:26:58 GMT

I've never had a real app spree...ROFL. I usually wait like days/weeks after an app to app again. Usually a denial will stop me.

Re: App Spree Levels

creditnocash — Tue, 30 Oct 2012 04:30:59 GMT

i guess i went on an app spree this summer after a couple approvals.

jun-august was 5 new cards.

so now i have total of 9 cc so should i cancel 4.5 of those? lol

i am thinking about closing kohls but im not sure yet.

Re: App Spree Levels

Shogun — Tue, 30 Oct 2012 04:33:17 GMT

I'm the exact opposite of the sprees, I can't get myself to app.

Re: App Spree Levels

creditnocash — Tue, 30 Oct 2012 04:34:17 GMT

@Shogun wrote:
I'm the exact opposite of the sprees, I can't get myself to app.

well if you want i can app for you a centurion maybe a visa black.

or even some furniture store cards.