topic Re: Mini-app spree possible with my current credit history? in Credit Cards

Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 08:33:22 GMT

So I am going to apply for 4 credit cards next week. What are my chances for approval.

I have decent income also.

This is what my creditors will see.

Wells fargo visa -16bal / 300 cl 11-12 mo age

Sallie mae loan - 900/3200 1yr 6mo age

Salle mae loan - 400/1400 1yr 6mo age

DepEdu loan - 900/ 3200 6mo age

DepEdu loan -300 /1200 5mo-age.

AOA -11 months

My EQ FiCO is 743

My revolving utilz is 6%

I have 0 inquries on all 3 reports.

This is the cards I am going for:

Chase Freedom

Citi Divd MC

NFCU Visa

BOA or WF visa

Is it possible to be approved or should i aim for lower end cards?

Also with 0 inq which card should i go with first?

Is it possible to get higher then 1000cl with my history? (i'd be happy with 1500cl)

If i get approved for even 2 outa 4, Im gonna garden for atleast 1-2 years

Thanks for the help and I will keep you guys updated on my progress. So it might help others in the same boat as me.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:06:24 GMT

Id apply for NFCU first. Hope they give you a great starting limit and wait a month for it to report. Then I would app with chase and citi. If you app now your likely to get 500-1000cl's

Re: Mini-app spree possible with my current credit history?

distantarray — Sun, 25 Nov 2012 09:09:22 GMT

apply for them all at once so they won't see the inquiries since it takes atleast a day to post. You won't have to worry much unless your applying for 10+ cards then your asking for your cards to be shut down.

4-5 apps are fine and fly under the radar as long as it's not 4-5 apps with the same issuer like GECRB. Personally if you go on a mini app spree that's fine, but just don't be an idiot and go on a app-o-rama / drapping

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:15:17 GMT

If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:16:26 GMT

OP where are you located. We can give you a round about who pulls what idea. That way you can plan your inquiries

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:18:01 GMT

@Anonymous wrote:
If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?

If your brother is a member then yes your eligible. They will HP you for membership. That will be on TU. For a cc it will be an additional HP on EQ. Another one for auto loan. They are trigger happy with HP's but they are worth it. NFCU makes HP's worth it!

Re: Mini-app spree possible with my current credit history?

distantarray — Sun, 25 Nov 2012 09:25:05 GMT

@Anonymous wrote:
If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?

Navy uses TU to open accounts and EQ for credit applications so you won't be able to do it from the same pull atleast from my experience and what I been hearing that's the norm. And yes family members make you eligible.

Also at the time of application for a credit card apply for NavChek. NavChek is a overdraft line of credit protection for your checking. Most will NEVER use it, but it reports as a credit card on your reports. It never gets canceled for inactivity, reports a super high limit to your credit reports (usually matches your credit card limit)

What it does is let's say you have $500 in your checking, and got approved for a $5,000 NavChek. If you really wanted you could write a check for $5,500 and it'll clear just fine. The deficit goes into your line of credit. Basically it's a on demand cash advance which is great. Interest rates are very good especially compared to other cash advances, Navy doesn't charge any extras at all.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:28:32 GMT

I am located in NC. So it would greatly help to know which CC check what agency. But Your saying If i apply on same day with diffrent banks. They will all see 0 Inq when they pull report. Since Inquries only hurt for one year. I'm thinking of applying with 5 prime Companys then waiting atleast a year. also I would be eligible for CLI a few months down the road so even with 5 prime cards with 500-1000 cl is fine as long as the limits eventually will go up.

But its horrible that navy is gonna pull a hard on each product. So One for checking then another for CC, also a third for Auto. whats the point of doing 3 hard pulls in one day. So i have to get a Navy checking to get a Navy CC?

Is it worth applying for a amex? or am i talking crazy here with my short history.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:28:43 GMT

@distantarray wrote:
@Anonymous wrote:
If I apply with Navy to opening a checking can they use that same inq. to see if i qualify For a CC and possibly a Auto Loan within that same INQ. My brother is a member so I'm assuming i am eligible to join correct?
Navy uses TU to open accounts and EQ for credit applications so you won't be able to do it from the same pull atleast from my experience and what I been hearing that's the norm. And yes family members make you eligible.

Also at the time of application for a credit card apply for NavChek. NavChek is a overdraft line of credit protection for your checking. Most will NEVER use it, but it reports as a credit card on your reports. It never gets canceled for inactivity, reports a super high limit to your credit reports (usually matches your credit card limit)

What it does is let's say you have $500 in your checking, and got approved for a $5,000 NavChek. If you really wanted you could write a check for $5,500 and it'll clear just fine. The deficit goes into your line of credit. Basically it's a on demand cash advance which is great. Interest rates are very good especially compared to other cash advances, Navy doesn't charge any extras at all.

+1 navcheck or overdraft line of credit is awesome

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:30:13 GMT

do you have any derogs on your reports?

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:34:18 GMT

I have no lates or collections. Nothing negative at all. Just positive but just a very short history.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 09:44:11 GMT

If I were you I would call your brother asap and get his access number for NFCU. Then I would join and apply for a cash rewards card. They do a HP for membership. You need to at least have a share savings account open I believe to have a cc

Re: Mini-app spree possible with my current credit history?

nicholasyud — Sun, 25 Nov 2012 13:45:31 GMT

What your credit score buddie !!?? You have a high change getting approved for prime cards as long as you play it right. Maybe 3 prime cards and one store card for a good mix.
I suggest do it all in one day so they won't see the inquiry.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 17:15:38 GMT

@nicholasyud wrote:
What your credit score buddie !!?? You have a high change getting approved for prime cards as long as you play it right. Maybe 3 prime cards and one store card for a good mix.
I suggest do it all in one day so they won't see the inquiry.

My understanding is that inquiries post in real time, so they will see it. When I went on my mini-app spree last Aug, my credit monitoring services notified me of the inqs within an hour or so of having put in the app.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 17:43:09 GMT

@Anonymous wrote:
@nicholasyud wrote:
What your credit score buddie !!?? You have a high change getting approved for prime cards as long as you play it right. Maybe 3 prime cards and one store card for a good mix.
I suggest do it all in one day so they won't see the inquiry.

My understanding is that inquiries post in real time, so they will see it. When I went on my mini-app spree last Aug, my credit monitoring services notified me of the inqs within an hour or so of having put in the app.

+1 last thursday I applied in this order Chase freedom, amazon, walmart, then BOFA to unsecure my card. All within one hour. After I was done I checked my TU report and all 4 inquiries were there smiling at me.

OP the only way to make sure they dont technically see the inquiry is if for example you apply with amex: it pulls EX, then you apply with your CU: they pull EQ, then you apply with a GE backed product: they pull TU.

In situations like that there is no way for the lender to see an inquiry from a report they are not pulling

Re: Mini-app spree possible with my current credit history?

nicholasyud — Sun, 25 Nov 2012 17:46:29 GMT

I might be wrong but i guess do an apps Spree then garden.

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 18:07:41 GMT

My EQ fico shows at 743. not sure of others.

Where can I find out which companys check which report?

Is there anyone else here that has been approed for amex and other primes

which such a thin one year credit file?

I doubt I could hide the inquries. So which companys should I go with first and second?

Re: Mini-app spree possible with my current credit history?

Anonymous — Sun, 25 Nov 2012 18:12:43 GMT

without a doubt i would get the ball rolling with nfcu. I have nfcu chase boa walmart and amazon. none of them come close to the limits nfcu has given me.

If your seeking high limits. The fastest way is nfcu. They are extremely generous