topic Re: Cards I want - which order for apps? in Credit Cards

Cards I want - which order for apps?

DaveSignal — Sat, 12 Apr 2014 22:37:53 GMT

CSP, Freedom, Amex ED

CSP is mainly for the huge bonus, but also the most useful of the three since it has no foreign transaction fees. The freedom I want just because it goes with the CSP and I may be able to make some online US purchases with it.

The Amex I want just to get an amex, but also for occasional grocery shopping on a military base (even though this is not my usual stop for groceries). I may upgrade it to EDP when I move back to the USA in late 2015.

I also have a new car that I ordered and is due to be delivered at the end of this month, at which time the finance for which I was approved will start.

This makes for 4 new accounts, which I have calculated is the maximum amount of new accounts I can currently sustain without dropping my AAoA on any of my credit reports.

I am currently adjusting my utilization so that it will be optimal for apps by the end of the month.

I should also note that I am still a rebuilder and one of the few negative items on my EX and EQ report is a paid Chase charge-off. This was an account that went delinquent in 2008 and I was put on a payment plan and it was then charged off in 2009. It has been paid in full. I have called Chase about this a few years ago to ask if I was blacklisted or anything and they said that I was definately not, especially since I have paid any balance owed. I also don't think its a huge issue, since I receive multiple pre-qual offers in my mailbox every week for both Freedom and Slate. I will be surprised if I don't get approved for any of the 3 cards I plan to apply for. But if anyone has been denied credit in a similar situation, please let me know.

What is the best order to do this? Chase might double-pull for both apps, which could result in 4 total inquiries. Is this going to freak out Amex? I am hoping not. And I don't need any other credit for awhile. My apartment is great, I have a new car coming, and there aren't really any other good credit cards (except possibly Sallie Mae, but my AAoA will drop if I do that too... plus I like the idea of collecting MR points on the ED for my groceries). So this will put me back in the garden (remember when I used to flash those spades around? )

I kind of know what I am doing already, but if anyone has additional advice that could benefit me, I would appreciate it.

Re: Cards I want - which order for apps?

myjourney — Sat, 12 Apr 2014 23:17:37 GMT

My vote

CSP

Amex

Freedom

And the only reason Freddom is last is based on CSP being approved first so then you can proceed to Amex then come back to Chase again in case of double pulls

Re: Cards I want - which order for apps?

DaveSignal — Sat, 12 Apr 2014 23:31:56 GMT

Thanks myjourney! Chase might pull from 2 CRAs for each app too. I was thinking csp, freedom, amex, but I like your reasoning and will do it your way. Plus Amex doesn't recon, but Chase does.

What do you think about the Citi TY Premier? I can't imagine keeping such a high annual-fee card without point-transfers forever, but it does have a 50k bonus after 1 year.

Re: Cards I want - which order for apps?

myjourney — Sat, 12 Apr 2014 23:44:42 GMT

@DaveSignal wrote:
Thanks myjourney! Chase might pull from 2 CRAs for each app too. I was thinking csp, freedom, amex, but I like your reasoning and will do it your way. Plus Amex doesn't recon, but Chase does.

What do you think about the Citi TY Premier? I can't imagine keeping such a high annual-fee card without point-transfers forever, but it does have a 50k bonus after 1 year.

I'm not much of a Citi person sorry but 50k is not a bad deal valued at $625.00 airfire

Re: Cards I want - which order for apps?

sexy_kitten7 — Mon, 14 Apr 2014 01:17:21 GMT

Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!

Re: Cards I want - which order for apps?

grinlikechelsea — Mon, 14 Apr 2014 01:41:01 GMT

@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!

I have to disagree with this in terms of the FICO score due to some approval profiles I have seen, including my mother. Yay mom!

He paid off a previous Chase CO and has healthy amount of accounts in good standing, which I think would negate any sort of problem with his FICO (which I think is fine; I've seen people get approved with lower scores. They certainly don't mean everything). If it is not an instant approval, I think you'd be golden on recon. I also like MJ's advice in terms of which to apply for in what order. I think the logic is pretty sound.

Good luck Dave and congrats on the new car!

Re: Cards I want - which order for apps?

Hcontreras — Mon, 14 Apr 2014 01:56:42 GMT

@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!

Yes, this is correct. If you do CSP and Freedom at the same time, you will only take one HP on EX and TU. Then, If you go to AMEX you will take one on EX. If you do it this way, you will only take 2 HP's on EX and 1 on TU. IF you do the CSP and Freedom weeks or months apart, then AMEX, your HP's will look like this:

EX HP's: 3

TU HP's: 2

5 total HP's vs 3 total HP's

Re: Cards I want - which order for apps?

DaveSignal — Mon, 14 Apr 2014 02:06:15 GMT

@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!

I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?

Re: Cards I want - which order for apps?

Hcontreras — Mon, 14 Apr 2014 02:16:17 GMT

@DaveSignal wrote:
@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!
I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?

Fill out the Chase and AMEX apps in separate browser windows. Pre-fill out the apps, then submit almost simultaneously. Then, immediately app the Freedom after the Chase decision.

Re: Cards I want - which order for apps?

Hcontreras — Mon, 14 Apr 2014 02:17:43 GMT

@Hcontreras wrote:
@DaveSignal wrote:
@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!
I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?
Fill out the Chase and AMEX apps in separate browser windows. Pre-fill out the apps, then submit almost simultaneously. Then, immediately app the Freedom after the Chase decision.

Or maybe even do that with all three (in separate browser windows), then submit all at the same time.

Re: Cards I want - which order for apps?

Hcontreras — Mon, 14 Apr 2014 02:18:52 GMT

@Hcontreras wrote:
@Hcontreras wrote:
@DaveSignal wrote:
@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!
I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?
Fill out the Chase and AMEX apps in separate browser windows. Pre-fill out the apps, then submit almost simultaneously. Then, immediately app the Freedom after the Chase decision.
Or maybe even do that with all three (in separate browser windows), then submit all at the same time.

No, that might not work. Chase may double pull for each app. Nevermind...

Re: Cards I want - which order for apps?

Kenny — Mon, 14 Apr 2014 02:19:18 GMT

I agree with MJ. CSP then Amex, then Freedom.

Good luck, please update us with details of your successes when you app!

Re: Cards I want - which order for apps?

yudeology101 — Mon, 14 Apr 2014 02:57:47 GMT

My opinion is 1) AMEX and the CSP at the branch for the $2k min spend for singup bonus and ask the banker if they can use the same HP for Freedom, although more than likely it'll still result in 2HPs anyways...never hurt to ask them if they can use the same HP at the branch. You're looking good all the way IMHO, Dave!

Re: Cards I want - which order for apps?

Hcontreras — Mon, 14 Apr 2014 03:02:54 GMT

@yudeology101 wrote:
My opinion is 1) AMEX and the CSP at the branch for the $2k min spend for singup bonus and ask the banker if they can use the same HP for Freedom, although more than likely it'll still result in 2HPs anyways...never hurt to ask them if they can use the same HP at the branch. You're looking good all the way IMHO, Dave!

My credit union did one HP (on EX) for my auto loan and a visa credit card at $5,000 CL.

Re: Cards I want - which order for apps?

johnpalley — Mon, 14 Apr 2014 03:13:53 GMT

@Hcontreras wrote:
@Hcontreras wrote:
@DaveSignal wrote:
@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!
I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?
Fill out the Chase and AMEX apps in separate browser windows. Pre-fill out the apps, then submit almost simultaneously. Then, immediately app the Freedom after the Chase decision.
Or maybe even do that with all three (in separate browser windows), then submit all at the same time.

damn i love you guys lol! im about to do this with 5 apps lol

Re: Cards I want - which order for apps?

improvingmycredit — Mon, 14 Apr 2014 03:16:53 GMT

@yudeology101 wrote:
My opinion is 1) AMEX and the CSP at the branch for the $2k min spend for singup bonus and ask the banker if they can use the same HP for Freedom, although more than likely it'll still result in 2HPs anyways...never hurt to ask them if they can use the same HP at the branch. You're looking good all the way IMHO, Dave!

+1 Great Advice!

Go for the CSP in the branch for the reduced spend option. More than likely, if you app the Freedom the same day and the same CRA is used, the 2nd inq will drop off as a duplicate. Best of luck! I can't wait to see the results. My advice was to... if inqs aren't an issue, actually go the Freedom/Amex route first and 3-6 months later go for the CSP with high Freedom usage and payments. I bet they'd dbl your initial starting CL on the CSP vs the Freedom.

Re: Cards I want - which order for apps?

DaveSignal — Mon, 14 Apr 2014 03:17:50 GMT

@yudeology101 wrote:
My opinion is 1) AMEX and the CSP at the branch for the $2k min spend for singup bonus and ask the banker if they can use the same HP for Freedom, although more than likely it'll still result in 2HPs anyways...never hurt to ask them if they can use the same HP at the branch. You're looking good all the way IMHO, Dave!

I don't have access to a Chase branch, but the min spend for all 3 of these cards is over 3 months. I won't have any problem hitting the $3k csp spend requirement simply by putting my everyday spend on the card. The amex and freedom will be slightly trickier, since there are limited places i can use these cards without transaction fees, but over 3 months, it is still not very hard for me to do just with my normal spending patterns.

I don't think a branch csr would be in control of the number of hps anyway.

Re: Cards I want - which order for apps?

sexy_kitten7 — Mon, 14 Apr 2014 06:44:26 GMT

@DaveSignal wrote:
@sexy_kitten7 wrote:
Do all at the same time. Like within 5 seconds of each other. The Chase pulls should consolidate into 1 per bureau. Your FICO is a little iffy for the CSP, IMO.

Goodluck!
I don't think so. According to various web-based approval databases, my FICO is just fine... and I haven't even finished optimizing util yet. The 5 second advice is interesting though... I need to do it this fast for EX and TU to combine the inqs? Or maybe Chase limits the pulls within a few seconds? Does it hurt to do amex in-between if they are all within a few minutes?

Okay. I guess I was referring to your credit profile in general (the charge off is presumably on your report). In this case, it doesn't hurt to apply anyways.

I don't know the specifics on inquiry consolidation; this is just AOR dogma.

As others noted, you can use the "multiple browser method." One Firefox, Chrome, and Safari if you're a mac, regular and private (that's enough for 6 apps). I've had issues with the 4-part Chase apps when doing both in regular mode because the signals get crossed.

Re: Cards I want - which order for apps?

lg8302ch — Mon, 14 Apr 2014 06:56:10 GMT

@myjourney wrote:
My vote
CSP
Amex
Freedom
And the only reason Freddom is last is based on CSP being approved first so then you can proceed to Amex then come back to Chase again in case of double pulls
+1

Re: Cards I want - which order for apps?

DaveSignal — Mon, 28 Apr 2014 16:29:31 GMT

Thanks guys. Did CSP and Amex. Got $5k on CSP and $6.5k on Amex Everday. I have some threads in the approvals forum for these two. I think I will save the Freedom for later, since I don't really need it yet. I only took 1 HP from Chase and 1 HP from Amex, both on EX.