topic Re: One new card every 90 days? in Credit Cards

One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 19:49:09 GMT

Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.

Re: One new card every 90 days?

red259 — Fri, 27 Jun 2014 19:55:42 GMT

@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.

There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 20:18:07 GMT

@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.

Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)

Re: One new card every 90 days?

nachoslibres — Fri, 27 Jun 2014 20:24:34 GMT

Credit isn't a necessary evil - you don't have to have it. I went 4 years without it and did fine. Sure - someone with absolutely no credit might have to pay a deposit on a utility or get their previous utiility to write a recommendation letter, but there are people who have no credit and are surviving and/or thriving just like every one else. In fact, the 4 years I went without credit helped me to go from living paycheck to paycheck to getting a savings fund in place and start using a budgeting system when I acrrue for any and every purchase that I know I'm going to have to make.

I use credit because it allows me to get rewards - or part of the money that I was going to spend anyway - back. That's the only reason. I do like to see good credit scores - to me it is a game - but I'm not going to spend extra money or get additional credit lines in order to increase those scores.

Re: One new card every 90 days?

CarnegieS — Fri, 27 Jun 2014 20:29:32 GMT

@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)

Curious why you think that? It been stated here that you need 3 cards to maximize fico scoring and you already have that. More accounts does not mean a higher credit score.

Re: One new card every 90 days?

B335is — Fri, 27 Jun 2014 20:40:37 GMT

I could see someone getting approved every 90 days with a thick file, but who knows what his income is, is he closing out other accounts, etc... It's a common practice to people churning travel rewards cards, but it will not yield a good credit score with the constant hit to your aaoa.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 20:49:58 GMT

@CarnegieS wrote:
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)
Curious why you think that? It been stated here that you need 3 cards to maximize fico scoring and you already have that. More accounts does not mean a higher credit score.

According to the Credit Karma site, 7-9 revolving credit accounts is the optimal number of account. I realize more accounts don't equate to higher score. I had 1 account with Capital One Secured and had a FICO of 730. I have 6 accounts not and have a 692 FICO. I'm building a credit history. For the past 12 years, I've been an enigma.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 20:54:51 GMT

Your right, it isn't "necessary"... That was me being dramatic. I've lived without it for 9 years. And if I win the lottery tomorrow, I'll buy an abandoned missle silo in Montanna and to heck with credit.

But until them, I'm just playing the game because someday I might need it for something. It's like my cell phone. Do I really need it? No, but you never know when it can get you out of a jam =)

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 20:59:01 GMT

Every 90 days will only show 3 hits a year... You think that's a "constant hit"?

I guess me question is in reference to the app sprees that seem to be the norm here. Which is worse, an app spree or a systematic 3 yearly hits that one falls off every three months?

@B335is wrote:
I could see someone getting approved every 90 days with a thick file, but who knows what his income is, is he closing out other accounts, etc... It's a common practice to people churning travel rewards cards, but it will not yield a good credit score with the constant hit to your aaoa.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 21:04:17 GMT

The major reason that "pros" will app often (and usually several cards per 90 days rather than 1) is for the sign-up bonuses, frequently travel as they tend to be much higher, but cashback works too. Without a thick file, as others have said, it is a more risky strategy. One per 90 days might be ok, if you can spread out the inqs among the different CRAs as much as possible (anyone can double pull confusing things). Your AAoA takes a hit if successful, so make sure some are Amex for backdating.

Re: One new card every 90 days?

coldnmn — Fri, 27 Jun 2014 21:07:35 GMT

@Anonymous wrote:
@CarnegieS wrote:
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)
Curious why you think that? It been stated here that you need 3 cards to maximize fico scoring and you already have that. More accounts does not mean a higher credit score.
According to the Credit Karma site, 7-9 revolving credit accounts is the optimal number of account. I realize more accounts don't equate to higher score. I had 1 account with Capital One Secured and had a FICO of 730. I have 6 accounts not and have a 692 FICO. I'm building a credit history. For the past 12 years, I've been an enigma.

Credit Karma is a fako site only good for monitoring. Not even close to reality as far as a true Fico score is. They don't even include AAoA of closed accounts.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 21:16:14 GMT

@Anonymous wrote:
The major reason that "pros" will app often (and usually several cards per 90 days rather than 1) is for the sign-up bonuses, frequently travel as they tend to be much higher, but cashback works too. Without a thick file, as others have said, it is a more risky strategy. One per 90 days might be ok, if you can spread out the inqs among the different CRAs as much as possible (anyone can double pull confusing things). Your AAoA takes a hit if successful, so make sure some are Amex for backdating.

Haha, the CRA's is another trick I've come to learn sincee being here as well. Obviously it's a roll of the dice to make sure you only get a one CRA - but two seems more prevalent when the score is "borderline" - at least from what I've seen and read. The higher the credit score and longer the AAoA, the better the chances of a 1 HP account approval... With the exception of companies like Cap1 that require 3 no matter what.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 21:24:07 GMT

I'm not saying Credit Karma is gosple, that's why I pay myFICO as well.

But obviously credit companies will pass higher limits to on the second card as opposed to the first card. Again, that may not be true 100% of the time but by establishing a history, my next card with the same company has a better chance at a higher limit and lower APR. Isn't there a thread about that with Chase floating around?

@coldnmn wrote:
@Anonymous wrote:
@CarnegieS wrote:
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)
Curious why you think that? It been stated here that you need 3 cards to maximize fico scoring and you already have that. More accounts does not mean a higher credit score.
According to the Credit Karma site, 7-9 revolving credit accounts is the optimal number of account. I realize more accounts don't equate to higher score. I had 1 account with Capital One Secured and had a FICO of 730. I have 6 accounts not and have a 692 FICO. I'm building a credit history. For the past 12 years, I've been an enigma.
Credit Karma is a fako site only good for monitoring. Not even close to reality as far as a true Fico score is. They don't even include AAoA of closed accounts.

Re: One new card every 90 days?

Dw4250 — Fri, 27 Jun 2014 21:20:48 GMT

@Anonymous wrote:
Your right, it isn't "necessary"... That was me being dramatic. I've lived without it for 9 years. And if I win the lottery tomorrow, I'll buy an abandoned missle silo in Montanna and to heck with credit.

But until them, I'm just playing the game because someday I might need it for something. It's like my cell phone. Do I really need it? No, but you never know when it can get you out of a jam =)

Are you sure you wouldn't rather move to Hawaii or the Cayman Islands or something? LOL!

Re: One new card every 90 days?

red259 — Fri, 27 Jun 2014 21:21:16 GMT

@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)

Well nobody actually needs credit cards. I was fine for years without them. What I mean by getting credit cards that you need are getting credit cards that meet your purposes (ie, cards that have bonuses in categories you spend a lot in to max cash back or travel rewards), cards that give you benefits that are important to you versus just getting credit cards for the sake of getting credit cards. Piling up on credit cards will not increase your score. You can achieve the same score with 3 cards that you can with 20.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 21:22:03 GMT

@Dw4250 wrote:
@Anonymous wrote:
Your right, it isn't "necessary"... That was me being dramatic. I've lived without it for 9 years. And if I win the lottery tomorrow, I'll buy an abandoned missle silo in Montanna and to heck with credit.

But until them, I'm just playing the game because someday I might need it for something. It's like my cell phone. Do I really need it? No, but you never know when it can get you out of a jam =)
Are you sure you wouldn't rather move to Hawaii or the Cayman Islands or something? LOL!

Five years in Hawaii was enough for me. No intention of going back =)

Re: One new card every 90 days?

red259 — Fri, 27 Jun 2014 21:23:02 GMT

@coldnmn wrote:
@Anonymous wrote:
@CarnegieS wrote:
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
Anyone ever hear of this?

I read online about some airline travel guru (don't remember his name) that says this is his system and he has never been denied. Also, he states he get pertpetual 5 digit approvals.

So I ask anyone that is interested, have you ever heard of this system? Have you ever tried this system? Know anybody that uses it? Interested to know because I'm stuck in the garden for one year and if I come out with a nice score (estimated on the score calculator to be 750ish), I'd like to keep my score up and get some higher credit limits.

Thanks for looking.
There is no such thing as a system that works for everyone. Its based on your credit report and income etc. When just starting out every 90 days for apps is likely too much. For people with really thick files they can apply every 90 days and be ok, since they will have a long AAoAs. When starting out I would get 2-3 cards per app cycle and app once every six months. Of course, if there are no cards you really need then I would stay in the garden and let your accounts age until an offer you are interested in pops.
Understandable. I'm not trying to "beat the system". I have only 4 cards because I'm so new (5 including secured Cap1). Before that, my last loan was 3 years ago for a car. I never had BK, no write-offs, nothing. The reason my credit history is thin is simply, I hate credit. But I've come to realize that it is currently a necessary evil. Thats why in the last 6 months, I app/received 6 accounts (incl. secured). Obviouslty my credit score dropped like a rock, 35pts.

That being said, why not make the best of it? I need more accounts to increase my credit score so I'll apply even if I don't "need" them. I choose the no annual fee cards, rewards and cash back don't mean much to me as I don't travel anymore (got that out of my system) and I'd rather pay cash than charge stuff.

Like I say, I don't make the rules, I'm just playing the game. But thanks for your input =)
Curious why you think that? It been stated here that you need 3 cards to maximize fico scoring and you already have that. More accounts does not mean a higher credit score.
According to the Credit Karma site, 7-9 revolving credit accounts is the optimal number of account. I realize more accounts don't equate to higher score. I had 1 account with Capital One Secured and had a FICO of 730. I have 6 accounts not and have a 692 FICO. I'm building a credit history. For the past 12 years, I've been an enigma.
Credit Karma is a fako site only good for monitoring. Not even close to reality as far as a true Fico score is. They don't even include AAoA of closed accounts.

+1 Take what Credit Karma recommends with a grain of salt.

Re: One new card every 90 days?

sexy_kitten7 — Fri, 27 Jun 2014 21:49:18 GMT

@Anonymous wrote:
Anyone ever hear of this?

Yes. This is called an "App-O-Rama" and it has been around for years. Almost all churners use this strategy (myself included). You can google for more info. People on this site usually say "App Spree," but I think AOR is the preferred term

Re: One new card every 90 days?

Themanwhocan — Fri, 27 Jun 2014 21:53:39 GMT

@Anonymous wrote:
The major reason that "pros" will app often (and usually several cards per 90 days rather than 1) is for the sign-up bonuses, frequently travel as they tend to be much higher, but cashback works too. Without a thick file, as others have said, it is a more risky strategy. One per 90 days might be ok, if you can spread out the inqs among the different CRAs as much as possible (anyone can double pull confusing things). Your AAoA takes a hit if successful, so make sure some are Amex for backdating.

Yep, I need to come up with a list of some good, churnable cash bonus cards. travel points are worthless to me unless I can still redeem for cash back.

Chase Sapphire Preferred bonus is nice... I need few more like that.

Re: One new card every 90 days?

Anonymous — Fri, 27 Jun 2014 22:42:22 GMT

So once every 90 days is too much? Haha, okay. Looks like I'm just getting caught up in the thrill of the chase... After not having credit for years I come on this board and see the "App-O-Rama" and I guess I'm getting caught up in the moment. Back to the garden with me!!!!

@sexy_kitten7 wrote:
@Anonymous wrote:
Anyone ever hear of this?
Yes. This is called an "App-O-Rama" and it has been around for years. Almost all churners use this strategy (myself included). You can google for more info. People on this site usually say "App Spree," but I think AOR is the preferred term