AAoA - When to Apply?

[AllZero]

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@Anonymous wrote:

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@M_Smart007 wrote:

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@Anonymous wrote:
And by the way you could get the 3% card through AOD instead of a 2% card. Something to think about or you could get both!

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Lol....😉😁, hey it's true though, might as well get it and get it over with and let it start aging! I'm sure @AllZero  will be along to help you choose among the many! 😉 Let me get out of his parking place! Lol.

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@Anonymous.  You earned it. It's a great parking spot. Excellent recommendation on the AOD card. No arguing against it. 😃 I want the AOD card too!

@VintageMel. There's a lot of cards out there. It'll be hard to stop at one.

[VintageMel]

Thank you all. I get so squeamish about anything dinging my score that I almost forget the point of having good credit is to be able to get credit. My other real worry is that I might spook AmEx if my scores suddenly drop. I know I can absorb a bit of a hit, I just wasn't sure how much of a drop  I should expect, or how worried I should be about that.

I suppose there is some logic to applying for a couple of them. I can't say it isn't tempting...

@AllZero thanks especially for the enlightenment about cancelling the Experian subscription. Turns out my real scores are EQ 777, and TU 780.

[Anonymous]

I think you need not worry about American Express worrying over a couple accounts when you’ve got a squeaky clean profile.

It has to grow and it’s that time, they will grow with you. First off you only have two revolvers, so you’re gonna get points for your third one, but that will be offset by being placed in a new account scorecard.

Your fourth one and fifth one may take a couple points for average age (maybe not), but that will come back quickly. And the hard inquiry points will come back in 12 months.

There’s only one new account penalty, so you don’t get it for each card. So that’s why it’s best to get them all now and then 12 months from now you get your penalty back and you get your hard inquiry points back and you start building up your average age again.

The sooner you go for it the better, tbh.

[AllZero]

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@VintageMel wrote:

Thank you all. I get so squeamish about anything dinging my score that I almost forget the point of having good credit is to be able to get credit. My other real worry is that I might spook AmEx if my scores suddenly drop. I know I can absorb a bit of a hit, I just wasn't sure how much of a drop  I should expect, or how worried I should be about that.

I suppose there is some logic to applying for a couple of them. I can't say it isn't tempting...

@AllZerothanks especially for the enlightenment about cancelling the Experian subscription. Turns out my real scores are EQ 777, and TU 780.

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@VintageMel  You are welcome. Your EQ and TU scores look great.

Great advise from @Gmood1  and @Anonymous  to apply for new cards before the auto loan closes.

As you stated, having good credit is being able to get credit. Get the cards that suit your spend and reward you with cash back or points.

For your reading pleasure. The Definitive Amex 3X CLI Guide

[Anonymous]

@VintageMel You haven’t started yet?

[VintageMel]

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@Anonymous wrote:

@VintageMelYou haven’t started yet?

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Now you've got me thinking about what I might like to apply for as a second card. I've been doing some reading, and am finishing up my pro/con chart because I'm somewhat nuts. 

[Anonymous]

Get ‘er done!! I’d do 3 and lock in the garden. You'll be glad you did later on!

[VintageMel]

Officially approved for a Citi DC, $5,800 limit!  Now to finalize my other pick. I'm not completely sold on needing 3 more. I think two will suit my needs admirably.

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[AllZero]

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@VintageMel wrote:

Officially approved for a Citi DC, $5,800 limit!  Now to finalize my other pick. I'm not completely sold on needing 3 more. I think two will suit my needs admirably.

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Congratulations on your approval!

[M_Smart007]

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@VintageMel wrote:

Officially approved for a Citi DC, $5,800 limit!  Now to finalize my other pick. I'm not completely sold on needing 3 more. I think two will suit my needs admirably.

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