topic Re: What order? in Credit Cards

What order?

KA14 — Thu, 17 Jul 2014 17:55:10 GMT

I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE
Barclaycard Rewards Mastercard
Chase Freedom
Citi Simplicity
Discover It

Thanks!

Re: What order?

MT936 — Thu, 17 Jul 2014 19:11:28 GMT

The order of importance for you

Re: What order?

Blodreina — Thu, 17 Jul 2014 19:19:05 GMT

I may be mistaken, but if you do them all at once, they'll all pull the same reports (thus, none of them will see the others' inquiries - at least, not at the time of application). I would apply for everything I wanted in one day.

Re: What order?

DrZoidberg — Thu, 17 Jul 2014 19:19:20 GMT

@KA14 wrote:
I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE
Barclaycard Rewards Mastercard
Chase Freedom
Citi Simplicity
Discover It

Thanks!

Here is the order I would do it:

Barclaycard- Pretty inquiry sensitive

Citi- They are inquiry sensitive and I would get them out of the way first.

Amex- Not so inquiry sensitive but are still picky.

Chase- I'd save this one for close to last, although they are inquiry sensitive you already have a relationship with them.

Discover- Easiest one to get

Re: What order?

heyarrnold — Thu, 17 Jul 2014 19:22:45 GMT

@Simba501 wrote:
I may be mistaken, but if you do them all at once, they'll all pull the same reports (thus, none of them will see the others' inquiries - at least, not at the time of application). I would apply for everything I wanted in one day.

No, they will. As soon as the POST request is sent to the server, the inquiry will appear. The inquiries will be placed in the order received by the server, and available in the same manner.

And as far as applying goes:

Barclay

Amex

Chase

Citi

Discover

Re: What order?

Themanwhocan — Thu, 17 Jul 2014 22:29:37 GMT

@KA14 wrote:
I'm planning an app spree for Jan 2015.

Current cards:
BoA Cash Rewards - $2,000
Chase Amazon Rewards - $1,000
Amazon Store Card - $700
Authorized user on Capital One - $300

What order would you apply for these cards?
Amex BCE (1)   First i would apply for a Sallie Mae Rewards mastercard, not the BCE
Barclaycard Rewards Mastercard (2) Second I would apply for Fidelity American Express
Chase Freedom (4) I would prefer to wait until I had experience with large credit limits, but... apply for this fourth
Citi Simplicity  I see no reason to ever apply for this card. But if you insist on 5 cards... get the BCE at this point if you can.
Discover It   (3) Third I would apply for Discover IT

Thanks!

My comments above, plus a chart that explains why a Sallie Mae is better than a BCE. And why you may want to eventually get 2 Sallie Mae cards.

Re: What order?

BearsAndTurtlesRtheBest — Thu, 17 Jul 2014 23:46:19 GMT

Yes to what themanwhocan said Sallie Mae is better.

Re: What order?

DaveSignal — Thu, 17 Jul 2014 23:56:25 GMT

I think the most relevant point about the chart is that, compared to other cards with similar underwriting criteria, there is never a scenario were BCE wins.

OP, if you want a no-AF Amex credit card, the EveryDay is a great option.

Re: What order?

KA14 — Fri, 18 Jul 2014 00:00:10 GMT

Does the Everyday have the same approval criteria as the BCE? I am looking for a no annual fee Amex to get my foot in the door with them.

Re: What order?

bigblue7722 — Fri, 18 Jul 2014 00:05:54 GMT

@KA14 wrote:
Does the Everyday have the same approval criteria as the BCE? I am looking for a no annual fee Amex to get my foot in the door with them.

I would say its very simlar. However, The everyday is much different than the BCE rewards wise. It really depends on what you want. A lot of people like to get a charge card with them first to get the foot in the door you can acutally do a 2 for 1 app if they are both done on the same day. I would personally go with the BCE (cash back card), reason being that you want to apply for the freedom. With the freedom you could then get the CSP and get the best bang for your buck with points.

Re: What order?

KA14 — Fri, 18 Jul 2014 00:07:25 GMT

I don't really care for the points system. I prefer cash rewards. I think I'll stick with the BCE and maybe add the green card as well since I'm already going to get the HP.

Re: What order?

mongstradamus — Fri, 18 Jul 2014 00:09:42 GMT

@KA14 wrote:
I don't really care for the points system. I prefer cash rewards. I think I'll stick with the BCE and maybe add the green card as well since I'm already going to get the HP.

If I were going to add an amex charge I would take prg or platinum

Re: What order?

DaveSignal — Fri, 18 Jul 2014 00:11:37 GMT

@bigblue7722 wrote:
@KA14 wrote:
Does the Everyday have the same approval criteria as the BCE? I am looking for a no annual fee Amex to get my foot in the door with them.
I would say its very simlar. However, The everyday is much different than the BCE rewards wise. It really depends on what you want. A lot of people like to get a charge card with them first to get the foot in the door you can acutally do a 2 for 1 app if they are both done on the same day. I would personally go with the BCE (cash back card), reason being that you want to apply for the freedom. With the freedom you could then get the CSP and get the best bang for your buck with points.

True, but MR and UR each have different transfer partners, so it doesn't hurt to accumlate rewards with both either.

Re: What order?

Ghoshida — Fri, 18 Jul 2014 00:13:11 GMT

The general opinion around here is that BCE is kinda worthless; however, I have a BCE and I keep getting offers on the card through AMEX. Some of the better offers were $10 off purchase $10 or more at small businesses during last black friday, $5 off $5 or more on iTunes, $20 off $20 or more on Amazon.

These deals (not %-based) make my purchases essentially 80-90% (sometimes even more) cheaper.

Do all AMEX cards get the same / similar / better deal? If yes, then true, BCE has nothing else to offer.

Are these deals there on the Everyday cards as well?

Re: What order?

DaveSignal — Fri, 18 Jul 2014 00:19:28 GMT

@Ghoshida wrote:
The general opinion around here is that BCE is kinda worthless; however, I have a BCE and I keep getting offers on the card through AMEX. Some of the better offers were $10 off purchase $10 or more at small businesses during last black friday, $5 off $5 or more on iTunes, $20 off $20 or more on Amazon.

These deals (not %-based) make my purchases essentially 80-90% (sometimes even more) cheaper.

Do all AMEX cards get the same / similar / better deal? If yes, then true, BCE has nothing else to offer.

Are these deals there on the Everyday cards as well?

Yes I get the same offers online in my EveryDay account.

Re: What order?

mongstradamus — Fri, 18 Jul 2014 00:21:50 GMT

A bit off topic but when are they going to allow PC to everyday cards ever? 😧

Re: What order?

DaveSignal — Fri, 18 Jul 2014 00:26:57 GMT

@mongstradamus wrote:
A bit off topic but when are they going to allow PC to everyday cards ever? 😧

The approvals forum is filled with many EveryDay approvals. Amex kind of has a new hit with these cards. Why not just apply for it? It will get backdated anyway.

Re: What order?

mongstradamus — Fri, 18 Jul 2014 00:28:30 GMT

@DaveSignal wrote:
@mongstradamus wrote:
A bit off topic but when are they going to allow PC to everyday cards ever? 😧
The approvals forum is filled with many EveryDay approvals. Amex kind of has a new hit with these cards. Why not just apply for it? It will get backdated anyway.

I probably could get approved but don't wanna take an HP have way too many for my liking

Re: What order?

Ghoshida — Fri, 18 Jul 2014 03:56:22 GMT

@DaveSignal wrote:
@Ghoshida wrote:
The general opinion around here is that BCE is kinda worthless; however, I have a BCE and I keep getting offers on the card through AMEX. Some of the better offers were $10 off purchase $10 or more at small businesses during last black friday, $5 off $5 or more on iTunes, $20 off $20 or more on Amazon.

These deals (not %-based) make my purchases essentially 80-90% (sometimes even more) cheaper.

Do all AMEX cards get the same / similar / better deal? If yes, then true, BCE has nothing else to offer.

Are these deals there on the Everyday cards as well?
Yes I get the same offers online in my EveryDay account.

Do you still get cash-back offers or are the discounts / rewards in terms of MR points?

Re: What order?

DaveSignal — Fri, 18 Jul 2014 09:43:42 GMT

@Ghoshida wrote:
@DaveSignal wrote:
@Ghoshida wrote:
The general opinion around here is that BCE is kinda worthless; however, I have a BCE and I keep getting offers on the card through AMEX. Some of the better offers were $10 off purchase $10 or more at small businesses during last black friday, $5 off $5 or more on iTunes, $20 off $20 or more on Amazon.

These deals (not %-based) make my purchases essentially 80-90% (sometimes even more) cheaper.

Do all AMEX cards get the same / similar / better deal? If yes, then true, BCE has nothing else to offer.

Are these deals there on the Everyday cards as well?
Yes I get the same offers online in my EveryDay account.
Do you still get cash-back offers or are the discounts / rewards in terms of MR points?

The one that I have seen are cash-back type offers. I haven't actually used any of these yet, but most of them seem to work by Amex issuing statement credits for purchases above a certain amount at a particular retailer or restaurant. A few of them are coupon codes to use for online shopping.