App Spree: Good Idea?

signaturecardmember · ‎06-10-2018

From my app spree days I would wait 6 months between sprees. Also it might be wise depending on your profile to get your car loan lined up first. 3rd tip is save those UR points from Freedom until you have the Sapphire card, they are way more valuable when used with travel partners by transferring (not booking through UR portal) then if you cashed them out. Hope this help!

Started: 4/14 Bank of America Signature $6k, 85% Utilization, 745 Fako
Currently: 6/18 Bank of America Signature $99.9k, Chase Slate $0, Chase Freedom Signature $2.5k, American Express Gold NSL, American Express Everyday $6k, Lowes GE $0 (From $35k), Discover IT $38.5k, Capital One Quicksilver $5k, Barclays US Airways $24k, DCU Platinum $30k, PenFed Promise $47k, Chase Freedom Unlimited Signature (From CSP) $50k, Chase AARP Signature $7.5k, American Express Blue Cash $7.5k, Citi American Airlines Platinum $10.5k, Capital One Venture Signature $30k, Chase Sapphire Preferred (From Reserve) $12k, Chase Ink Business Preferred $10k, Barclays Aviator Business $14k. Total Available Credit: Over $350k, Utilization 4%, AAoA 7 Years, TU Fico 799, EX Fico 727

Anonymous · ‎06-12-2018

Sorry for the late reply busy project at work.

These apps would not be before, but simultaneously with the auto loan. I am already an USAA member, but to app for a used car loan and checking account, it will be a HP. This is why I considered applying for a card that I am pre-selected for. Moreover, PenFed requires a HP for membership, which I would sort of do the same thing as USAA. Chase I have an offer for a car loan and CSP, which I would take a HP since I want the best rate. My inquiries are low - TU: 3 EQ: 2 EX: 3

Also, CLI do not always require a HP. AMEX, Citi, and Discover are all SPs.

Anonymous · ‎06-12-2018

Definitely understand! Tradelines wouldn't appear before car loan app, as they would use the same HPs. Also, I have a lot of spend coming up and wanted to accumulate a lot of travel rewards, since it would be my last apps for two years.

From previous post:

These apps would not be before, but simultaneously with the auto loan. I am already an USAA member, but to app for a used car loan and checking account, it will be a HP. This is why I considered applying for a card that I am pre-selected for. Moreover, PenFed requires a HP for membership, which I would sort of do the same thing as USAA. Chase I have an offer for a car loan and CSP, which I would take a HP since I want the best rate. My inquiries are low - TU: 3 EQ: 2 EX: 3

Anonymous · ‎06-12-2018

My inquiries are low. New accounts is 5. Car loan and apps would only take my inquiries to 4 across the board on all bureaus. However, thank you for the advance. Budget is not tight, but will definitely reconsider.

Re: App Spree: Good Idea?

Re: App Spree: Good Idea?

Re: App Spree: Good Idea?

Re: App Spree: Good Idea?