topic Re: Need Some Help in Credit Cards

Need Some Help

AAstra — Fri, 21 Feb 2014 03:42:11 GMT

Just need some simple yes or no here...

I've been wanting to app for a card that gives me at least some form of kickback for my spending. Currently, I'm running everything on my Citi Sears card which gives points but are only good at Sears. I've been eyeing up the Discover IT and keep getting pre-approval invites from them. I've been meaning to wait until my credit situation is perfect (utilization, HPs, etc.) Here are my current stats...

Citi Sears MasterCard (Using $590/$3000) (had this card over a year)

Barclay's (Using $200/$2000) (had this card since June)

I always pay in full every month for whatever is on my statement.

Student loans that are paid ahead and a car loan paid on time I opened in July.

CRs are clean. HP's are TU: 3, EX: 4 (3 are for a car loan), EQ: 1

Am I just too scared to pull the trigger?? I really only have the cards I have because I needed to build revolving credit and I didn't want to pay the Mac up front and be out the money at once. Now I'm looking for a card that offers me something though.

Income around 52k a year.

1. Am I good to app or keep waiting? Potentially until I get the utilization on my cards to next to 0%

2. If yes, should I go for Discover IT or Amex BCE? What else would you guys recommend instead (Freedom, etc)

Thanks to everyone!!

Re: Need Some Help

SteveUrkel — Fri, 21 Feb 2014 03:45:38 GMT

i say pull the trigger on any. i got the BCE with over 60% util, but i got a low limit. u seem good.

Re: Need Some Help

Themanwhocan — Fri, 21 Feb 2014 03:47:08 GMT

@dbutz1109 wrote:
Just need some simple yes or no here...

I've been wanting to app for a card that gives me at least some form of kickback for my spending. Currently, I'm running everything on my Citi Sears card which gives points but are only good at Sears. I've been eyeing up the Discover IT and keep getting pre-approval invites from them. I've been meaning to wait until my credit situation is perfect (utilization, HPs, etc.) Here are my current stats...

Citi Sears MasterCard (Using $590/$3000) (had this card over a year)
Barclay's (Using $200/$2000) (had this card since June)

I always pay in full every month for whatever is on my statement.

Student loans that are paid ahead and a car loan paid on time I opened in July.

CRs are clean. HP's are TU: 3, EX: 4 (3 are for a car loan), EQ: 1

Am I just too scared to pull the trigger?? I really only have the cards I have because I needed to build revolving credit and I didn't want to pay the Mac up front and be out the money at once. Now I'm looking for a card that offers me something though.

Income around 52k a year.

1. Am I good to app or keep waiting? Potentially until I get the utilization on my cards to next to 0%
2. If yes, should I go for Discover IT or Amex BCE? What else would you guys recommend instead (Freedom, etc)

Thanks to everyone!!

You could apply for both of those if you want. And a Sallie Mae rewards Mastercard. I like App sprees in groups of 3.

Ideally you would get one of your existing cards to report a zero balance first.

Re: Need Some Help

AAstra — Fri, 21 Feb 2014 03:51:13 GMT

The Barclay's card $200 is still from the Mac I put on it with 0% financing. I've been waiting to get that to $0, paying $100 a month, but I'm really starting to get the itch to app for better cards. Whats the best way to approach an app spree? Never done one.

Re: Need Some Help

SteveUrkel — Fri, 21 Feb 2014 04:00:31 GMT

BEST WAY---- APPLY APPLY APPLY

Re: Need Some Help

AAstra — Fri, 21 Feb 2014 16:31:20 GMT

Shamefully giving myself a comment bump in hopes that I get some more feedback. Returning to my hole now...

Re: Need Some Help

Anonymous — Fri, 21 Feb 2014 16:48:29 GMT

I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 16:50:32 GMT

@Anonymous wrote:
I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.

DO IT! DO IT NOW!!

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 16:51:29 GMT

Oh and I recommend Amex BCE or BCP if you can make it worth it, Discover it, and Freedom all at once

Re: Need Some Help

Anonymous — Fri, 21 Feb 2014 16:52:18 GMT

@Creditaddict wrote:
@Anonymous wrote:
I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.
DO IT! DO IT NOW!!

I literally LOLd

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 16:53:00 GMT

@Anonymous wrote:
@Creditaddict wrote:
@Anonymous wrote:
I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.
DO IT! DO IT NOW!!
I literally LOLd

Re: Need Some Help

AAstra — Fri, 21 Feb 2014 16:56:59 GMT

Too funny Creditaddict, gave me a good laugh at work, so thanks. Glad to have some more responses...I love this forum.

How do you execute a spree? Just have all the apps filled out in different windows or tabs of the browser and hit apply all at once?

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 17:00:46 GMT

@dbutz1109 wrote:
Too funny Creditaddict, gave me a good laugh at work, so thanks. Glad to have some more responses...I love this forum.

How do you execute a spree? Just have all the apps filled out in different windows or tabs of the browser and hit apply all at once?

no, it doesn't have to be that instant... just apply and then type in next card site and apply, and repeat all in same browser is fine.

but don't apply for 1 and get further processing or denied and stopp applying... pick what you are going to apply for and keep going... then you can go back and call the backdoor and recon or verify.... if you are asked to call in on one of the apps, I would stop and do that... usually just security and they will issue approval right then.

the only one that would be hard or not possible to recon will be amex, chase is EASY to recon and they are very good about it and discover is okay.

Would these 2 or 3 cards cover all your needs?

Re: Need Some Help

AAstra — Fri, 21 Feb 2014 17:11:34 GMT

I've just heard with app sprees that you want to get all the apps in before the one posts and another company sees it (ie apply to AMEX, then Discover, and Discover sees the AMEX app). I'm not sure how quickly they all post though to the CRA's. I'm a noob haha.

All three of those cards would definitely cover my needs. I spend a lot on gas and going out. I actually think getting all three may be pointless since I probably wouldn't be able to run enough through all three to make the rewards useful. I think I'd be better of picking one, maybe two, and just using it for everything to maximize the benefits. Now the question becomes which one?

I also wouldn't mind getting into some other cards...maybe for travel miles, etc.

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 17:16:30 GMT

@dbutz1109 wrote:
I've just heard with app sprees that you want to get all the apps in before the one posts and another company sees it (ie apply to AMEX, then Discover, and Discover sees the AMEX app). I'm not sure how quickly they all post though to the CRA's. I'm a noob haha.

All three of those cards would definitely cover my needs. I spend a lot on gas and going out. I actually think getting all three may be pointless since I probably wouldn't be able to run enough through all three to make the rewards useful. I think I'd be better of picking one, maybe two, and just using it for everything to maximize the benefits. Now the question becomes which one?

I also wouldn't mind getting into some other cards...maybe for travel miles, etc.

If you apply for Amex and they pull EX (98% of time) and then you apply for something else that pulls EX, the INQ will be there already, but the account might take a month or more to start reporting on your reports.

well if you want main card I would look at the Fidelity American Express because it's 2% on everything.

Then you could have your Discover it for the rotating 5% categories or Chase Freedom for almost same rotating 5% categories and backup when Amex is not taken.

Re: Need Some Help

Anonymous — Fri, 21 Feb 2014 17:18:24 GMT

@dbutz1109 wrote:
I've just heard with app sprees that you want to get all the apps in before the one posts and another company sees it (ie apply to AMEX, then Discover, and Discover sees the AMEX app). I'm not sure how quickly they all post though to the CRA's. I'm a noob haha.

All three of those cards would definitely cover my needs. I spend a lot on gas and going out. I actually think getting all three may be pointless since I probably wouldn't be able to run enough through all three to make the rewards useful. I think I'd be better of picking one, maybe two, and just using it for everything to maximize the benefits. Now the question becomes which one?

I also wouldn't mind getting into some other cards...maybe for travel miles, etc.

That is something of an old wive's tale lol. Inquires update pretty instantly no matter how fancy you try to do your apping.

Re: Need Some Help

AAstra — Fri, 21 Feb 2014 18:26:04 GMT

Thanks for the advice guys. I just paid off the last $200 of my Barclay's card. I'll wait until the 24th when my statement closes with the $0 balance and apply.

Now I just have to worry about Barclays closing my account hahaha.

Re: Need Some Help

Creditaddict — Fri, 21 Feb 2014 18:38:08 GMT

@dbutz1109 wrote:
Thanks for the advice guys. I just paid off the last $200 of my Barclay's card. I'll wait until the 24th when my statement closes with the $0 balance and apply.

Now I just have to worry about Barclays closing my account hahaha.

if that is the only balance you currently have reporting I would actually apply now... a complete 0% util will be less favorable then the 10%

Re: Need Some Help

yudeology101 — Fri, 21 Feb 2014 18:43:23 GMT

@Anonymous wrote:
@Creditaddict wrote:
@Anonymous wrote:
I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.
DO IT! DO IT NOW!!
I literally LOLd

Yes, that's Creditaddict's signature line...It has to be in bold, too!

My signature response line: LOL

Re: Need Some Help

Anonymous — Fri, 21 Feb 2014 18:45:37 GMT

@yudeology101 wrote:
@Anonymous wrote:
@Creditaddict wrote:
@Anonymous wrote:
I think you're safe to apply for both the cards you listed. All we need is for CreditAddict to come here and say "do it! do it now!!!!" and you'll really know you're good to go lol.
DO IT! DO IT NOW!!
I literally LOLd
Yes, that's Creditaddict's signature line...It has to be in bold, too!

My signature response line: LOL

lol yes it is... and I have yet to see him miss as long as he's talking about someone else apping, and not him! (poor guy!)