topic Re: App spree advice needed ASAP! in Credit Cards

App spree advice needed ASAP!

ras_34 — Tue, 11 Mar 2014 23:22:46 GMT

Hello fellow forum folks! I am looking at applying for 1-3 cards tonight and I am needing your advice as to which cards I should go for, when I should apply for them and if my plan makes sense at all... Let me give you a small background on my credit history. According to myfico, EX-741 EQ-741 TU-765. Oldest account-10.5 years, AAoA-7.3 years, Income-60K, 16% Util, 1 negative account 3.8 years ago, 1 hard inq. As far as loans go, I have one car loan out with about 9k remaining and I have about 30k remaining in school loans. In my wallet I have...

Chase Freedom (2008) 1.5K

Quicksilver One (2010) 2.25K

Quickilver (2010) 1.65K

AMEX Zync (2011) NPSL

Citi Thank You Preferred (2012) 6.1K

So the cards I am thinking are an AMEX revolver which I need suggestions on which one. I would think the Blue sky since I have 2 cashback cards already but the BCE is a really nice card. I really want the Chase Marriott Premier card. I think that black metal card looks ridiculously cool and Marriott's are my hotel of choice so I feel it is a great fit. Tons of people have raved about the Barclays World Arrival card. Don't really have a huge want for this card but I figure why not go for the trifecta and plus i do not have a "miles" card! I plan on gardening till at least 2015 anyhow. The other reason I feel these 3 cards might be a good fit for me application wise is because all 3 cards when I apply will be 3 different HP's but hopefully with 3 different CB's. I think Amex pulls EX, Chase pulls EQ and Barclays pulls TU.

If I decide to go this route, should I apply for all 3 cards in one night? Or, should I apply for the AMEX revolver first then wait 61 days for the 3X CLI and then I apply for Chase Marriott Premier a few months later then the Arrival card a few months after that? I am really confused on what is the best course of action to take here. I want to shoot for the route that will give me the highest CL possible on these new cards.

Most importantly, I am doing this because I am getting into my late 20's and I do not want anymore "TOY LIMIT CARDS." I really want to shoot for 50K in credit. That is my goal. It is probably unobtainable but we all need goals. Please let me know how I should go about my app spree and if you have any other card suggestions please let me know!

Re: App spree advice needed ASAP!

Leadberry — Tue, 11 Mar 2014 23:50:28 GMT

@ras_34 wrote:
Hello fellow forum folks! I am looking at applying for 1-3 cards tonight and I am needing your advice as to which cards I should go for, when I should apply for them and if my plan makes sense at all... Let me give you a small background on my credit history. According to myfico, EX-741 EQ-741 TU-765. Oldest account-10.5 years, AAoA-7.3 years, Income-60K, 16% Util, 1 negative account 3.8 years ago, 1 hard inq. As far as loans go, I have one car loan out with about 9k remaining and I have about 30k remaining in school loans. In my wallet I have...
Chase Freedom (2008) 1.5K
Quicksilver One (2010) 2.25K
Quickilver (2010) 1.65K
AMEX Zync (2011) NPSL
Citi Thank You Preferred (2012) 6.1K

So the cards I am thinking are an AMEX revolver which I need suggestions on which one. I would think the Blue sky since I have 2 cashback cards already but the BCE is a really nice card. I really want the Chase Marriott Premier card. I think that black metal card looks ridiculously cool and Marriott's are my hotel of choice so I feel it is a great fit. Tons of people have raved about the Barclays World Arrival card. Don't really have a huge want for this card but I figure why not go for the trifecta and plus i do not have a "miles" card! I plan on gardening till at least 2015 anyhow. The other reason I feel these 3 cards might be a good fit for me application wise is because all 3 cards when I apply will be 3 different HP's but hopefully with 3 different CB's. I think Amex pulls EX, Chase pulls EQ and Barclays pulls TU.

If I decide to go this route, should I apply for all 3 cards in one night? Or, should I apply for the AMEX revolver first then wait 61 days for the 3X CLI and then I apply for Chase Marriott Premier a few months later then the Arrival card a few months after that? I am really confused on what is the best course of action to take here. I want to shoot for the route that will give me the highest CL possible on these new cards.

Most importantly, I am doing this because I am getting into my late 20's and I do not want anymore "TOY LIMIT CARDS." I really want to shoot for 50K in credit. That is my goal. It is probably unobtainable but we all need goals. Please let me know how I should go about my app spree and if you have any other card suggestions please let me know!

What is the negative account? Chase may pull EX. I would just apply for all three at once personally.

It sounds like you want an Amex just for the sake of having another Amex. I would focus on getting the cards you really want first, before going for the ones you think you want.

Re: App spree advice needed ASAP!

Anonymous — Wed, 12 Mar 2014 00:14:24 GMT

amex and chase pull EX for me. And chase double pull ex and eq when i app last time.

I would get discover it. I like that card. also saphire card.

see which cards you want the most and then app that first. I do not know how they would view your negative.

If the first one does is decline then maybe you need a different game plan.

50k limit is not that hard to get if you have a good score and profile. I believe you could get it if you didn't have the neg.

Re: App spree advice needed ASAP!

Anonymous — Wed, 12 Mar 2014 00:16:28 GMT

Also you could CLI the citi card since it might be just a SP.

Re: App spree advice needed ASAP!

Creditaddict — Wed, 12 Mar 2014 00:17:12 GMT

If you are just doing 3 and those 3, yes apply all at once!

Re: App spree advice needed ASAP!

Creditaddict — Wed, 12 Mar 2014 00:18:39 GMT

have you tried the credit line increase button lately on both capital one cards?

That is a sp and you should do it for both accounts to see if you get anything.

also check your citi card to see if you have the message "check to see if your account is eligible for credit line increase WITHOUT a credit pull" wording is not exactly like that but will say no credit pull will be done" DO IT if you have that message!

Re: App spree advice needed ASAP!

ras_34 — Wed, 12 Mar 2014 00:45:27 GMT

I should have added that I did do a sp cl on both the citi and cap 1 already. Any other ideas to get higher cl cards?

Re: App spree advice needed ASAP!

ras_34 — Wed, 12 Mar 2014 00:58:58 GMT

So do I open 3 browsers up all at the same time? And hit apply all at the same time?

Re: App spree advice needed ASAP!

Creditaddict — Wed, 12 Mar 2014 01:04:32 GMT

@ras_34 wrote:
So do I open 3 browsers up all at the same time? And hit apply all at the same time?

it's not that big of a deal, just apply and move on to the next no matter what each one says.

more cl with capital one.... google "Capital One CEO E-Mail" and send off email asking for a credit line increase on both accounts to $10k, leave your phone number... they will probably call you tomorrow to go over your email and ask you income and if you will take less than the $10k requesting (yes) and they wills end off for manual review (still sp) and get back with you in a couple days!

Re: App spree advice needed ASAP!

ras_34 — Wed, 12 Mar 2014 01:30:24 GMT

Now I am starting to get the sweaty palms and doubt....do I really need to get another card? Let alone 3 more? Please someone....talk me into it!

Re: App spree advice needed ASAP!

grinlikechelsea — Wed, 12 Mar 2014 01:33:19 GMT

@ras_34 wrote:
Now I am starting to get the sweaty palms and doubt....do I really need to get another card? Let alone 3 more? Please someone....talk me into it!

That's up for you to answer. We don't want to push you into something you aren't sure if you need. How about you take a day to think about it before you do anything?

Re: App spree advice needed ASAP!

ras_34 — Wed, 12 Mar 2014 01:40:48 GMT

Grinlinechelsea, I want your cards lol. I am not afraid of going on a big app spree becasue I know I wont use them to do sensless shopping or anything like that. I just want to build a great credit portfolio. How did you build yours?

Re: App spree advice needed ASAP!

grinlikechelsea — Wed, 12 Mar 2014 02:05:42 GMT

Here is how I built my current profile:

January 2013 - Dad adds me as an AU on AmEx with a MSD of 1/1979, existing car loan through IMCU
February 2013 - Applied for Capital One Journey and BoA Secured - approved both $300
August 2013 - Applied for Chase Freedom - approved $4,000; unsecured BoA with CLI to $9,000 (deposit history)
September 2013: App Spree: Amex BCP - approved $6,000 (backdated), Discover it - approved ($3,000) PC Journey to Quicksilver Visa and CLI - approved; now $5,000
Ocotober 2013: PC to Fidelity AmEx after contacting EO - approved Huntington Voice WMC - approved $6,000
November 2013: Amex CLI - declined $6,000, Citi Forward - declined
December: Barclays Sallie Mae WMC - approved $10,000
January 2014 - Southwest Rapid Rewards - approved $17,000 (closed), AU on Chase Ink Bold
February 2014- CLI on Amex - approved $18,000; CLI on all accounts - approved to limits currently; Merrill+ - approved; split Fidelity CL, Marriott Premier - approved $5,000 taken from Freedom
March 2014 - PC Quicksilver to Venture and CLI - approved $6,500; Chase CLD on Freedom

Re: App spree advice needed ASAP!

lg8302ch — Wed, 12 Mar 2014 02:20:25 GMT

@grinlikechelsea wrote:
Here is how I built my current profile:
January 2013 - Dad adds me as an AU on AmEx with a MSD of 1/1979, existing car loan through IMCU
February 2013 - Applied for Capital One Journey and BoA Secured - approved both $300
August 2013 - Applied for Chase Freedom - approved $4,000; unsecured BoA with CLI to $9,000 (deposit history)
September 2013: App Spree: Amex BCP - approved $6,000 (backdated), Discover it - approved ($3,000) PC Journey to Quicksilver Visa and CLI - approved; now $5,000
Ocotober 2013: PC to Fidelity AmEx after contacting EO - approved Huntington Voice WMC - approved $6,000
November 2013: Amex CLI - declined $6,000, Citi Forward - declined
December: Barclays Sallie Mae WMC - approved $10,000
January 2014 - Southwest Rapid Rewards - approved $17,000 (closed), AU on Chase Ink Bold
February 2014- CLI on Amex - approved $18,000; CLI on all accounts - approved to limits currently; Merrill+ - approved; split Fidelity CL, Marriott Premier - approved $5,000 taken from Freedom
March 2014 - PC Quicksilver to Venture and CLI - approved $6,500; Chase CLD on Freedom

Wow....and I thought I was crazy with what I added in 2013...LOL

Re: App spree advice needed ASAP!

grinlikechelsea — Wed, 12 Mar 2014 02:27:09 GMT

@lg8302ch wrote:
@grinlikechelsea wrote:
Here is how I built my current profile:
January 2013 - Dad adds me as an AU on AmEx with a MSD of 1/1979, existing car loan through IMCU
February 2013 - Applied for Capital One Journey and BoA Secured - approved both $300
August 2013 - Applied for Chase Freedom - approved $4,000; unsecured BoA with CLI to $9,000 (deposit history)
September 2013: App Spree: Amex BCP - approved $6,000 (backdated), Discover it - approved ($3,000) PC Journey to Quicksilver Visa and CLI - approved; now $5,000
Ocotober 2013: PC to Fidelity AmEx after contacting EO - approved Huntington Voice WMC - approved $6,000
November 2013: Amex CLI - declined $6,000, Citi Forward - declined
December: Barclays Sallie Mae WMC - approved $10,000
January 2014 - Southwest Rapid Rewards - approved $17,000 (closed), AU on Chase Ink Bold
February 2014- CLI on Amex - approved $18,000; CLI on all accounts - approved to limits currently; Merrill+ - approved; split Fidelity CL, Marriott Premier - approved $5,000 taken from Freedom
March 2014 - PC Quicksilver to Venture and CLI - approved $6,500; Chase CLD on Freedom
Wow....and I thought I was crazy with what I added in 2013...LOL

I *may* have gotten a bit carried away.

Re: App spree advice needed ASAP!

Creditaddict — Wed, 12 Mar 2014 03:01:50 GMT

you said you wanted grown up credit lines and better rewards... go for all 3, they are great cards.

Re: App spree advice needed ASAP!

ras_34 — Wed, 12 Mar 2014 03:32:30 GMT

Do you think there is a chance I get declined? I just get really nervous for these apps because I am nervous I will get approved for all 3 lines at 5k each....

Re: App spree advice needed ASAP!

Rhaeny — Wed, 12 Mar 2014 04:01:27 GMT

There is ALWAYS a chance of denial so you might as well put that aside for now.

But what caught my eye is that you are nervous that you will get approved for $5k on each? What would make you nervous about that? Are you afraid that you will fully util those CL's? If so then it's not a good idea to app.

Now if you are going to app, just bang them off one by one as suggested previously. It's just you and your PC so any embarrassment is out of the question right? LOL!

Re: App spree advice needed ASAP!

TeamPunishment — Wed, 12 Mar 2014 05:58:31 GMT

The suspense is killing me whats the hold up?!?! Chelsea, if you dont mind. What's your Income/scores.......trying to see what ground I stand for increasing my Freedom!!

Re: App spree advice needed ASAP!

Creditaddict — Wed, 12 Mar 2014 15:36:31 GMT

Did you apply?