topic Re: What is your average app spree in Credit Cards

What is your average app spree

Anonymous — Sun, 05 Oct 2014 13:43:54 GMT

Just recently I went into an app spree even though I shouldn't but knowing I have a judgement coming off and one collection I'm goodwilling soon, should be a relief. Recently got approved for Sportsman's for 7k, Overstock's, for 8k and from local FU for 5k. I know I just screwed my AAoA up. Back to gardening.

Question is, what is your average app spree?

Re: What is your average app spree

Anonymous — Mon, 06 Oct 2014 00:12:57 GMT

My last app spree was 7 or 8 cards. Got approved for all, but the last few had the lowest limits. Never apping for more than 2 at a time in the future.

Re: What is your average app spree

Anonymous — Mon, 06 Oct 2014 00:13:22 GMT

Typically i go for 3-5 apps every 6 months or so. Less if we've been auto loan shopping.

Re: What is your average app spree

Anonymous — Mon, 06 Oct 2014 00:14:52 GMT

last month i went app spree, for about 8 cards, only got approved once

Re: What is your average app spree

Imperfectfuture — Mon, 06 Oct 2014 00:25:20 GMT

@Anonymous wrote:
My last app spree was 7 or 8 cards. Got approved for all, but the last few had the lowest limits. Never apping for more than 2 at a time in the future.

Totally agree. While I do have a wish list, I'm not apping for more than two, and preferably just one, every 6 months. Couple that with an ongoing installment for about 6 years, and the scores should add up quickly. If something gets nerfed while I wait, maybe something better will come along.

Re: What is your average app spree

B335is — Mon, 06 Oct 2014 00:27:00 GMT

I go until I'm denied.

Re: What is your average app spree

red259 — Mon, 06 Oct 2014 00:31:31 GMT

I usually apply for 3 to 4 cards per spree and spree once every six months so 6 to 8 new cards a year. Once my file is thicker I may switch over to apping every three months for 1 to 3 cards.

Re: What is your average app spree

FinStar — Mon, 06 Oct 2014 00:35:54 GMT

@B335is wrote:
I go until I'm denied.

LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).

Re: What is your average app spree

xsvspd — Mon, 06 Oct 2014 00:55:11 GMT

I've only had one app spree... It was in May. I got BofA, Freedom, CSP, BCE, Discover, Sallie Mae.

Re: What is your average app spree

B335is — Mon, 06 Oct 2014 01:05:35 GMT

@FinStar wrote:
@B335is wrote:
I go until I'm denied.
LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).

The cards I use for bonus rewards generally don't stay open for long, particularly Citi HHonors cards. Churn & burn!

Re: What is your average app spree

Imperfectfuture — Mon, 06 Oct 2014 01:07:39 GMT

@B335is wrote:
@FinStar wrote:
@B335is wrote:
I go until I'm denied.
LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).
The cards I use for bonus rewards generally don't stay open for long, particularly Citi HHonors cards. Churn & burn!

Word has it on the street (or web), that they be cracking down on the burn and churn. Just sayin'.

Re: What is your average app spree

Turbobuick — Mon, 06 Oct 2014 01:11:01 GMT

I've never spree'd. If I app, I fully expect to get the card. I own the cards I want or feel I need. I don't apply for the numbers. I've easily gone 5 yrs without applying in the past.

I admit to apping 4 times in the last two years because of better rewards. I guess that would be my spree!

Re: What is your average app spree

B335is — Mon, 06 Oct 2014 01:13:19 GMT

@Imperfectfuture wrote:
@B335is wrote:
@FinStar wrote:
@B335is wrote:
I go until I'm denied.
LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).
The cards I use for bonus rewards generally don't stay open for long, particularly Citi HHonors cards. Churn & burn!
Word has it on the street (or web), that they be cracking down on the burn and churn. Just sayin'.

LOL alrighty then. To each their own. Just sayin'

Re: What is your average app spree

Anonymous — Mon, 06 Oct 2014 01:15:23 GMT

@Imperfectfuture wrote:
@B335is wrote:
@FinStar wrote:
@B335is wrote:
I go until I'm denied.
LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).
The cards I use for bonus rewards generally don't stay open for long, particularly Citi HHonors cards. Churn & burn!
Word has it on the street (or web), that they be cracking down on the burn and churn. Just sayin'.

I'm all for it if we see something good come out of it, like lower non-promo interest rates.

Re: What is your average app spree

Chris679 — Mon, 06 Oct 2014 02:09:53 GMT

1 new account per year

Re: What is your average app spree

FinStar — Mon, 06 Oct 2014 02:44:15 GMT

@Anonymous wrote:
@Imperfectfuture wrote:
@B335is wrote:
@FinStar wrote:
@B335is wrote:
I go until I'm denied.
LOL... are you ever concerned with increasing overall approval of available TLs >$50K in one shot and any of your current lenders taking AA on your current accounts? (i.e. they perform standard/monthly AR and see that you've increased the # of TLs by two-fold and high CLs).
The cards I use for bonus rewards generally don't stay open for long, particularly Citi HHonors cards. Churn & burn!
Word has it on the street (or web), that they be cracking down on the burn and churn. Just sayin'.
I'm all for it if we see something good come out of it, like lower non-promo interest rates.

Wishful thinking, but doubtful.

Re: What is your average app spree

lg8302ch — Mon, 06 Oct 2014 02:52:29 GMT

I did a spree 1 x and ended up with 22.99% APR from Chase (a souvenir to keep for life as they will not adjust in the near future)...will not spree again. My best results are if I simply wait and add 1 card every 6 months or if for sure not the same bureau is pulled I will add 2 cards at the time. Goal is not only acceptance but best terms or close to best terms

Re: What is your average app spree

FinStar — Mon, 06 Oct 2014 02:57:33 GMT

@lg8302ch wrote:
I did a spree 1 x and ended up with 22.99% APR from Chase (a souvenir to keep for life as they will not adjust in the near future)...will not spree again. My best results are if I simply wait and add 1 card every 6 months or if for sure not the same bureau is pulled I will add 2 cards at the time. Goal is not only acceptance but best terms or close to best terms

@Anonymous @ "souvenir". Sometimes, nut not always, that can be a downside of application sprees in that not the best terms are assigned with the CC if the risks with the lender are not perceived as favorable (presence of multiple inquiries or too many new accounts in a short time).

On a side note, any word on your Diners?

Re: What is your average app spree

Fico2Go — Mon, 06 Oct 2014 03:04:16 GMT

@lg8302ch wrote:
I did a spree 1 x and ended up with 22.99% APR from Chase (a souvenir to keep for life as they will not adjust in the near future)...will not spree again. My best results are if I simply wait and add 1 card every 6 months or if for sure not the same bureau is pulled I will add 2 cards at the time. Goal is not only acceptance but best terms or close to best terms

If you have a favorite goto card then the 22.99% could be used to help UTIL. So it's somewhat useful.

Re: What is your average app spree

lg8302ch — Mon, 06 Oct 2014 03:04:31 GMT

@FinStar wrote:
@lg8302ch wrote:
I did a spree 1 x and ended up with 22.99% APR from Chase (a souvenir to keep for life as they will not adjust in the near future)...will not spree again. My best results are if I simply wait and add 1 card every 6 months or if for sure not the same bureau is pulled I will add 2 cards at the time. Goal is not only acceptance but best terms or close to best terms
@Anonymous @ "souvenir". Sometimes, nut not always, that can be a downside of application sprees in that not the best terms are assigned with the CC if the risks with the lender are not perceived as favorable (presence of multiple inquiries or too many new accounts in a short time).

On a side note, any word on your Diners?

Kind of see the problem Chase had with my spree... from 2 accounts to 6 accounts and 4 x CL (was the last card in series). As for Diners I will stick to my plan and app earliest in December as I got my last two cards in June....lol... Diners will not run away I guess and this will teach me a lesson to my willpower .. Also that Citi DC is tempting me but hey... I told myself no apps for 6 months and now got to stick to it!