topic Re: Credit Card App Spree-how many in one day? in Credit Cards

Credit Card App Spree-how many in one day?

kingkai1990 — Tue, 24 Jun 2014 16:09:37 GMT

Hi. I've been thinking about applying for some credit cards in the next few months after some heavy gardening. My only concern is I'm not sure how many I would get approved for, so that is a ''good'' number to apply for at one time where I don't take a major it? Thanks!

Re: Credit Card App Spree-how many in one day?

chrisw1968uk — Tue, 24 Jun 2014 16:19:35 GMT

Rather than how many do you want - how many do you actually "need" ?

Re: Credit Card App Spree-how many in one day?

kingkai1990 — Tue, 24 Jun 2014 16:22:52 GMT

As in...like...I dunno?

I'm not sure if I really ever 'needed'' a credit card but I want to build my history up, plus I like to use to benefits. I want a Discover IT, AmEX and a Chase Freedom card. But I'm still not sure about the 'need'' part.

Re: Credit Card App Spree-how many in one day?

Closingracer99 — Tue, 24 Jun 2014 16:26:00 GMT

I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits

Re: Credit Card App Spree-how many in one day?

IamB2 — Tue, 24 Jun 2014 16:29:05 GMT

@kingkai1990 wrote:
As in...like...I dunno?

I'm not sure if I really ever 'needed'' a credit card but I want to build my history up, plus I like to use to benefits. I want a Discover IT, AmEX and a Chase Freedom card. But I'm still not sure about the 'need'' part.

To establish credit, and for optimized FICO you would probably be ok with 3 Cards. As for the wanting part, I'd only get the cards that could be beneficial to you. For example, I applied for the Amex card on a whim, but I applied for a card that would be beneficial to me. Once a month (at least) I fly from Florida to Ohio for work - and usually on Delta - so I got the Delta SkyMiles card. My travel requirements and the beneifts I get made for a "need" for that specific card.

So to determine "need" see which cards benefit you the most. Where do you spend mos of your money? Find a card that gives you the most benefits for the money you already spend.

Hope that helps somewhat

Re: Credit Card App Spree-how many in one day?

coldnmn — Tue, 24 Jun 2014 16:32:19 GMT

@Closingracer99 wrote:
I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits

Your scores seem to be 100 points higher then the Op so Ops chances are slim of getting the same results.

Re: Credit Card App Spree-how many in one day?

Closingracer99 — Tue, 24 Jun 2014 16:33:53 GMT

@coldnmn wrote:
@Closingracer99 wrote:
I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits
Your scores seem to be 100 points higher then the Op so Ops chances are slim of getting the same results.

Well I went for Prime cards... If he went for Subprime and maybe discoer he might get some approved?

Re: Credit Card App Spree-how many in one day?

09Lexie — Tue, 24 Jun 2014 17:01:08 GMT

@Closingracer99 wrote:
@coldnmn wrote:
@Closingracer99 wrote:
I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits
Your scores seem to be 100 points higher then the Op so Ops chances are slim of getting the same results.
Well I went for Prime cards... If he went for Subprime and maybe discoer he might get some approved?

Prime means what exactly? I see no point in advising anyone to app for credit cards without knowing more about the OP's profile.

Re: Credit Card App Spree-how many in one day?

kingkai1990 — Tue, 24 Jun 2014 18:01:09 GMT

@IamB2 wrote:
@kingkai1990 wrote:
As in...like...I dunno?

I'm not sure if I really ever 'needed'' a credit card but I want to build my history up, plus I like to use to benefits. I want a Discover IT, AmEX and a Chase Freedom card. But I'm still not sure about the 'need'' part.
To establish credit, and for optimized FICO you would probably be ok with 3 Cards. As for the wanting part, I'd only get the cards that could be beneficial to you. For example, I applied for the Amex card on a whim, but I applied for a card that would be beneficial to me. Once a month (at least) I fly from Florida to Ohio for work - and usually on Delta - so I got the Delta SkyMiles card. My travel requirements and the beneifts I get made for a "need" for that specific card.

So to determine "need" see which cards benefit you the most. Where do you spend mos of your money? Find a card that gives you the most benefits for the money you already spend.

Hope that helps somewhat

I see. I guess Amazon....but I'm not a particularly materialistic person, that's what makes it hard. I'll buy a few video games here and there. I don't travel right now. Maybe things will change when I graduate.

Re: Credit Card App Spree-how many in one day?

kingkai1990 — Tue, 24 Jun 2014 18:03:10 GMT

@coldnmn wrote:
@Closingracer99 wrote:
I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits
Your scores seem to be 100 points higher then the Op so Ops chances are slim of getting the same results.

This is true. I think I can hit nearly mid 600s in a couple of months. High balances are killing me. I probably wouldn't apply until near September/August.

Re: Credit Card App Spree-how many in one day?

Anonymous — Tue, 24 Jun 2014 18:06:06 GMT

@kingkai1990 wrote:
@coldnmn wrote:
@Closingracer99 wrote:
I went on a Spree this week and Apped for 5 and got approved for all 5. With the exception of the simplicity card all got higher then $3k limits
Your scores seem to be 100 points higher then the Op so Ops chances are slim of getting the same results.
This is true. I think I can hit nearly mid 600s in a couple of months. High balances are killing me. I probably wouldn't apply until near September/August.

I applied for and was approved for 3 cards (Freedom, CSP and AmEx EveryDay Preferred) in one evening, but yeah, can you share a little more about your credit profile?

Re: Credit Card App Spree-how many in one day?

kingkai1990 — Tue, 24 Jun 2014 18:07:22 GMT

Credit Profile:

3 baddies (2 which I hope to P&D in a month)

600 score

7+ lates on auto loan (GW letter sent a few days ago)

2 CCs: Cap One Platinum ($500 CL) WM ($500 CL)