topic Re: Feeling like pulling the trigger... in Credit Cards

Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:12:07 GMT

I'm thinking of apping for the chase freedom, amex BCE, and possibly the cap1 quicksilver....any thoughts of my chances for approval? All my fako scores are currently around 740 with <10% utl on my current cards

Re: Feeling like pulling the trigger...

Anonymous — Thu, 05 Dec 2013 23:14:47 GMT

@b1gr3dmachin3 wrote:
I'm thinking of apping for the chase freedom, amex BCE, and possibly the cap1 quicksilver....any thoughts of my chances for approval? All my fako scores are currently around 740 with <10% utl on my current cards

Is this your first Amex account? If so, go for it, just so you can lock in 2013 MSD.

I assume you don't have a ridiculous amount of inquiries, right? If so, your chances should be pretty good.

Re: Feeling like pulling the trigger...

Anonymous — Thu, 05 Dec 2013 23:24:48 GMT

If you spend more than $2500 a year on groceries I'd for BCP instead of BCE. I really wish I had.

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:29:20 GMT

@Anonymous wrote:
@b1gr3dmachin3 wrote:
I'm thinking of apping for the chase freedom, amex BCE, and possibly the cap1 quicksilver....any thoughts of my chances for approval? All my fako scores are currently around 740 with <10% utl on my current cards
Is this your first Amex account? If so, go for it, just so you can lock in 2013 MSD.
I assume you don't have a ridiculous amount of inquiries, right? If so, your chances should be pretty good.

Yup, first amex account. All my current cards are in my signature. I have 4 total inqs dating back about a year and a half, and 3 of them are within 6 months. My main concern is the two credit cards I added back in July

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:31:04 GMT

@Anonymous wrote:
If you spend more than $2500 a year on groceries I'd for BCP instead of BCE. I really wish I had.

Depends, what do they consider "supermarkets"?

Re: Feeling like pulling the trigger...

Anonymous — Thu, 05 Dec 2013 23:31:56 GMT

@b1gr3dmachin3 wrote:
@Anonymous wrote:
@b1gr3dmachin3 wrote:
I'm thinking of apping for the chase freedom, amex BCE, and possibly the cap1 quicksilver....any thoughts of my chances for approval? All my fako scores are currently around 740 with <10% utl on my current cards
Is this your first Amex account? If so, go for it, just so you can lock in 2013 MSD.
I assume you don't have a ridiculous amount of inquiries, right? If so, your chances should be pretty good.

Yup, first amex account. All my current cards are in my signature. I have 4 total inqs dating back about a year and a half, and 3 of them are within 6 months.

I think you will be fine. I somewhat remember you and the thread you made a couple months ago.

If you want to play it safe, get a charge card first, since the 1st year AF is waived for most of them. And then apply for the BCP / BCE. I recommend getting the BCP, because you are getting 6% cashback, and you can always get gift cards for other stores that you shop at. But if you don't spend much in general, then go with the BCE.

Oh and remember to use cardmatch.

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:37:17 GMT

@Anonymous wrote:
@b1gr3dmachin3 wrote:
@Anonymous wrote:
@b1gr3dmachin3 wrote:
I'm thinking of apping for the chase freedom, amex BCE, and possibly the cap1 quicksilver....any thoughts of my chances for approval? All my fako scores are currently around 740 with <10% utl on my current cards
Is this your first Amex account? If so, go for it, just so you can lock in 2013 MSD.
I assume you don't have a ridiculous amount of inquiries, right? If so, your chances should be pretty good.

Yup, first amex account. All my current cards are in my signature. I have 4 total inqs dating back about a year and a half, and 3 of them are within 6 months.
I think you will be fine. I somewhat remember you and the thread you made a couple months ago.
If you want to play it safe, get a charge card first, since the 1st year AF is waived for most of them. And then apply for the BCP / BCE. I recommend getting the BCP, because you are getting 6% cashback, and you can always get gift cards for other stores that you shop at. But if you don't spend much in general, then go with the BCE.

Oh and remember to use cardmatch.

Yup, you definitely did help me a few months back! If I'm going to apply, I think I would rather just apply for the card I am targeting because I don't want to have cards that I don't need/want agree? What is cardmatch?

Re: Feeling like pulling the trigger...

Anonymous — Thu, 05 Dec 2013 23:39:59 GMT

You can downgrade to BCE any time before the AF hits if you think you aren't using the BCP enough, but you can't go from BCE to BCP in the first year.

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:40:59 GMT

enharu, you think I will be fine for all 3? Or just the chase + amex? What are your thoughts on the quicksilver? I was thinking about getting that card to use for things I don't have bonus categories from my other cards?

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:41:57 GMT

@Anonymous wrote:
You can downgrade to BCE any time before the AF hits if you think you aren't using the BCP enough, but you can't go from BCE to BCP in the first year.

Thanks Beane, I did not know that. I will probably just go for the BCP then, and see how it goes.

Re: Feeling like pulling the trigger...

Fico2Go — Thu, 05 Dec 2013 23:42:36 GMT

I made my move two nights ago. Approved for BCP and GPR charge card. Good luck!

Re: Feeling like pulling the trigger...

09Lexie — Thu, 05 Dec 2013 23:43:25 GMT

@b1gr3dmachin3 wrote:
@Anonymous wrote:
You can downgrade to BCE any time before the AF hits if you think you aren't using the BCP enough, but you can't go from BCE to BCP in the first year.
Thanks Beane, I did not know that. I will probably just go for the BCP then, and see how it goes.

Good luck!

Re: Feeling like pulling the trigger...

Anonymous — Thu, 05 Dec 2013 23:48:42 GMT

@b1gr3dmachin3 wrote:
enharu, you think I will be fine for all 3? Or just the chase + amex? What are your thoughts on the quicksilver? I was thinking about getting that card to use for things I don't have bonus categories from my other cards?

I think you will be fine for all 3.

Just to clarify as well: The BCP AF is NOT waived in the first year. The $75 fee will be charged at the end of the first cycle. If you don't spend much in general, get the BCE. Otherwise, the BCP is a better deal for most people.

use cardmatch to see if there's better sign-up promos for you. https://www.creditcards.com/cardmatch/

Amex has some nice bonuses from time to time that are advertised on that site.

The reason why I suggested charge card is because they're easier to get approved for, and *if* you get declined for BCE, you would still lock in your 2013 MSD if you were approved for the charge card first, and it's SP if denied, HP if approved, for all your future amex apps once you are an Amex member. Personally, if I were you, I will apply for a charge card now, and wait till Jan 2014 to apply for the BCE / BCP. The BCE / BCP will be backdated to Jan 2013 then. So in a way the charge card is somewhat like a backup measure, and there's a 25k MR points sign-up bonus anyways, which you can always use for your vacation

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:49:06 GMT

Thank you all, I will report back to let you know how it goes...I think I will just go for the amex bcp and chase freedom for now and save the capone quicksilver for later....Going 3/3 might be pushing it?

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Thu, 05 Dec 2013 23:52:47 GMT

@Anonymous wrote:
@b1gr3dmachin3 wrote:
enharu, you think I will be fine for all 3? Or just the chase + amex? What are your thoughts on the quicksilver? I was thinking about getting that card to use for things I don't have bonus categories from my other cards?
I think you will be fine for all 3.

Just to clarify as well: The BCP AF is NOT waived in the first year. The $75 fee will be charged at the end of the first cycle. If you don't spend much in general, get the BCE. Otherwise, the BCP is a better deal for most people.

use cardmatch to see if there's better sign-up promos for you. https://www.creditcards.com/cardmatch/
Amex has some nice bonuses from time to time that are advertised on that site.

The reason why I suggested charge card is because they're easier to get approved for, and *if* you get declined for BCE, you would still lock in your 2013 MSD if you were approved for the charge card first, and it's SP if denied, HP if approved, for all your future amex apps once you are an Amex member. Personally, if I were you, I will apply for a charge card now, and wait till Jan 2014 to apply for the BCE / BCP. The BCE / BCP will be backdated to Jan 2013 then. So in a way the charge card is somewhat like a backup measure, and there's a 25k MR points sign-up bonus anyways, which you can always use for your vacation

I posted my previous reply before I read your response enharu. Wow, what you are saying makes perfect sense! Thank you for the wonderful information, I really appreciate it! Which charge card would you recommend, the PRG? I think that's the one with the 25 MR sign up point bonus. So if I get approved for all 3 cards (fingers crossed) you think I would still be able to apply for the BCP in Jan??

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Fri, 06 Dec 2013 00:01:28 GMT

Also, any order I should app for them in? Maybe chase, amex, quicksilver? Or it doesn't really matter? Obviously I will do them right after the other.

Re: Feeling like pulling the trigger...

Anonymous — Fri, 06 Dec 2013 00:04:03 GMT

@b1gr3dmachin3 wrote:
@Anonymous wrote:
@b1gr3dmachin3 wrote:
enharu, you think I will be fine for all 3? Or just the chase + amex? What are your thoughts on the quicksilver? I was thinking about getting that card to use for things I don't have bonus categories from my other cards?
I think you will be fine for all 3.

Just to clarify as well: The BCP AF is NOT waived in the first year. The $75 fee will be charged at the end of the first cycle. If you don't spend much in general, get the BCE. Otherwise, the BCP is a better deal for most people.

use cardmatch to see if there's better sign-up promos for you. https://www.creditcards.com/cardmatch/
Amex has some nice bonuses from time to time that are advertised on that site.

The reason why I suggested charge card is because they're easier to get approved for, and *if* you get declined for BCE, you would still lock in your 2013 MSD if you were approved for the charge card first, and it's SP if denied, HP if approved, for all your future amex apps once you are an Amex member. Personally, if I were you, I will apply for a charge card now, and wait till Jan 2014 to apply for the BCE / BCP. The BCE / BCP will be backdated to Jan 2013 then. So in a way the charge card is somewhat like a backup measure, and there's a 25k MR points sign-up bonus anyways, which you can always use for your vacation

I posted my previous reply before I read your response enharu. Wow, what you are saying makes perfect sense! Thank you for the wonderful information, I really appreciate it! Which charge card would you recommend, the PRG? I think that's the one with the 25 MR sign up point bonus. So if I get approved for all 3 cards (fingers crossed) you think I would still be able to apply for the BCP in Jan??

Yea I think the PRG is probably the best option.

It's hard to say whether Amex will approve you. What you could do is to apply for these 3 cards sometime mid to late December, and then apply for the BCP during first week of Jan. That way you have a bit more leeway since the Freedom and Quicksilver account will not show up on your CR until mid Jan.

Re: Feeling like pulling the trigger...

k0csi — Fri, 06 Dec 2013 00:09:27 GMT

@b1gr3dmachin3 wrote:
@Anonymous wrote:
If you spend more than $2500 a year on groceries I'd for BCP instead of BCE. I really wish I had.
Depends, what do they consider "supermarkets"?

Just a fun fact ... the liquor store down the street from my house is coded as grocery! LMAO I love it. Was a pleasant suprise.

Re: Feeling like pulling the trigger...

b1gr3dmachin3 — Fri, 06 Dec 2013 00:16:45 GMT

@k0csi wrote:
@b1gr3dmachin3 wrote:
@Anonymous wrote:
If you spend more than $2500 a year on groceries I'd for BCP instead of BCE. I really wish I had.
Depends, what do they consider "supermarkets"?
Just a fun fact ... the liquor store down the street from my house is coded as grocery! LMAO I love it. Was a pleasant suprise.

Wow, nice! That's why I'm a little confused what is considered a "supermarket" and what isn't lol!

Re: Feeling like pulling the trigger...

k0csi — Fri, 06 Dec 2013 00:21:55 GMT

@b1gr3dmachin3 wrote:
@k0csi wrote:
@b1gr3dmachin3 wrote:
@Anonymous wrote:
If you spend more than $2500 a year on groceries I'd for BCP instead of BCE. I really wish I had.
Depends, what do they consider "supermarkets"?
Just a fun fact ... the liquor store down the street from my house is coded as grocery! LMAO I love it. Was a pleasant suprise.
Wow, nice! That's why I'm a little confused what is considered a "supermarket" and what isn't lol!

You kinda don't know until you run the card once and see what it shows up as. AmEx says what every transaction is coded as once it clears.