Background Info (most of this in my signature):
Age: 19
Ficos all around 770
Accounts: Cap1 QS May '16, Disc IT Student Apr '17, (BOA, Citi, and Amex) July '17. Currently at 5/24 until May '18.
Goals:
1) Get foot in the door with almost all large issuers
2) Maximize rewards, my largest spending category being dining and fast food for the next few years
3) Build a large, strong base of cards to age with after leaving college
I am in the garden, but will go on another app spree in May '18 after I am at 4/24, getting a Chase card first, and then working my way from there. I want to achieve all the goals stated above, and this is my current plan (including the bureaus I know they will pull for my state).
Main worries:
1) Should I stop at the BarclayCard, skipping the Savor (I think so...especially with 3 pulls. However, I have a near 2 year relationship with them, but am locked at a subprime CL of $2500, which a new card could fix)
2) I really want the US Bank Cash+ for its 2 5% categories (it would become my main dining card outside of maybe the UBER), but it is a Signature card. I currently have mostly limits under $5K excluding Amex ($12K!), so is this a likely approval?
3) I just opened a Citi card in July, will May be too early to open a DC?
4) Should I rearrange the order?
@Anonymous wrote:Background Info (most of this in my signature):
Age: 19
Ficos all around 770
Accounts: Cap1 QS May '16, Disc IT Student Apr '17, (BOA, Citi, and Amex) July '17. Currently at 5/24 until May '17.
Goals:
1) Get foot in the door with almost all large issuers
2) Maximize rewards, my largest spending category being dining and fast food for the next few years
3) Build a large, strong base of cards to age with after leaving college
I am in the garden, but will go on another app spree in May '17 (do you mean May '18?) after I am at 4/24, getting a Chase card first, and then working my way from there. I want to achieve all the goals stated above, and this is my current plan (including the bureaus I know they will pull for my state).
Main worries:
1) Should I stop at the BarclayCard, skipping the Savor (I think so...especially with 3 pulls. However, I have a near 2 year relationship with them, but am locked at a subprime CL of $2500, which a new card could fix)
2) I really want the US Bank Cash+ for its 2 5% categories (it would become my main dining card outside of maybe the UBER), but it is a Signature card. I currently have mostly limits under $5K excluding Amex ($12K!), so is this a likely approval?
3) I just opened a Citi card in July, will May be too early to open a DC?
4) Should I rearrange the order?
1. I would skip the Savor or definitely leave it on last place since the Uber card has a better cashback eats category.
2. A $500 SL with US Bank is not unsual, with a higher limit attained upon recon.
3. I would wait six months to build payment history with Citi before applying for another card with them. You might get a higher SL. Waiting until July is even better.
4. I would switch 3 & 4 around, do the Uber before the Citi card. Barclays can be jealous of new accounts.
What is your current average age of your accounts?
@Adkins wrote:
@Anonymous wrote:Background Info (most of this in my signature):
Age: 19
Ficos all around 770
Accounts: Cap1 QS May '16, Disc IT Student Apr '17, (BOA, Citi, and Amex) July '17. Currently at 5/24 until May '17.
Goals:
1) Get foot in the door with almost all large issuers
2) Maximize rewards, my largest spending category being dining and fast food for the next few years
3) Build a large, strong base of cards to age with after leaving college
I am in the garden, but will go on another app spree in May '17 (do you mean May '18?) after I am at 4/24, getting a Chase card first, and then working my way from there. I want to achieve all the goals stated above, and this is my current plan (including the bureaus I know they will pull for my state).
Main worries:
1) Should I stop at the BarclayCard, skipping the Savor (I think so...especially with 3 pulls. However, I have a near 2 year relationship with them, but am locked at a subprime CL of $2500, which a new card could fix)
2) I really want the US Bank Cash+ for its 2 5% categories (it would become my main dining card outside of maybe the UBER), but it is a Signature card. I currently have mostly limits under $5K excluding Amex ($12K!), so is this a likely approval?
3) I just opened a Citi card in July, will May be too early to open a DC?
4) Should I rearrange the order?
1. I would skip the Savor or definitely leave it on last place since the Uber card has a better cashback eats category.
2. A $500 SL with US Bank is not unsual, with a higher limit attained upon recon.
3. I would wait six months to build payment history with Citi before applying for another card with them. You might get a higher SL. Waiting until July is even better.
4. I would switch 3 & 4 around, do the Uber before the Citi card. Barclays can be jealous of new accounts.
What is your current average age of your accounts?
My current age of accounts is 7 months (I just opened an Alliant SSL to start an installment loan on my record, it will start reporting this December, but it also had the effect of dragging it down a bit). By the time May/June '18 rolls around, my AAoA will be 12 months exactly.
1. I agree, I'm going to forget about the Savor.
2. US Bank, on the other hand, will downgrade you to a different card if you can't get the Signature (minimum of $5K CL). So if they aren't comfortable issuing a $5K limit, I cannot get the Cash+, and I have no interest in their other cards....hence my hesitance...
3/4. I didn't think the order would matter, as Barclay will probably pull TU? Or will they see the other accounts (I didn't think they would have reported if I pull an app spree). However, I can hold off on the Citi DC if I can score the UBER card.
@Anonymous wrote:
Are you sure its TU everywhere? I think it still varies state to state....
I'm in Texas, and they've pulled TransUnion in San Antonio but Experian up in Dallas.
@Anonymous wrote:
@Adkins wrote:
@Anonymous wrote:Background Info (most of this in my signature):
Age: 19
Ficos all around 770
Accounts: Cap1 QS May '16, Disc IT Student Apr '17, (BOA, Citi, and Amex) July '17. Currently at 5/24 until May '17.
Goals:
1) Get foot in the door with almost all large issuers
2) Maximize rewards, my largest spending category being dining and fast food for the next few years
3) Build a large, strong base of cards to age with after leaving college
I am in the garden, but will go on another app spree in May '17 (do you mean May '18?) after I am at 4/24, getting a Chase card first, and then working my way from there. I want to achieve all the goals stated above, and this is my current plan (including the bureaus I know they will pull for my state).
Main worries:
1) Should I stop at the BarclayCard, skipping the Savor (I think so...especially with 3 pulls. However, I have a near 2 year relationship with them, but am locked at a subprime CL of $2500, which a new card could fix)
2) I really want the US Bank Cash+ for its 2 5% categories (it would become my main dining card outside of maybe the UBER), but it is a Signature card. I currently have mostly limits under $5K excluding Amex ($12K!), so is this a likely approval?
3) I just opened a Citi card in July, will May be too early to open a DC?
4) Should I rearrange the order?
1. I would skip the Savor or definitely leave it on last place since the Uber card has a better cashback eats category.
2. A $500 SL with US Bank is not unsual, with a higher limit attained upon recon.
3. I would wait six months to build payment history with Citi before applying for another card with them. You might get a higher SL. Waiting until July is even better.
4. I would switch 3 & 4 around, do the Uber before the Citi card. Barclays can be jealous of new accounts.
What is your current average age of your accounts?
My current age of accounts is 7 months (I just opened an Alliant SSL to start an installment loan on my record, it will start reporting this December, but it also had the effect of dragging it down a bit). By the time May/June '18 rolls around, my AAoA will be 12 months exactly.
1. I agree, I'm going to forget about the Savor.
2. US Bank, on the other hand, will downgrade you to a different card if you can't get the Signature (minimum of $5K CL). So if they aren't comfortable issuing a $5K limit, I cannot get the Cash+, and I have no interest in their other cards....hence my hesitance...
3/4. I didn't think the order would matter, as Barclay will probably pull TU? Or will they see the other accounts (I didn't think they would have reported if I pull an app spree). However, I can hold off on the Citi DC if I can score the UBER card.
I would do the Chase (1) and the (2)Barclays at the same time. Wait at least 6 months, though I think nine is better, then go after the Cash+. If you really want the visa signature version, this gives you some more experience with the other lines (and CLIs) so they have something to good to look at when you app. You can try apping for the Citi double cash but I would wait six months after getting the cash+. Barclays tends to be fickle at times (just do some forum searches), so pay close attention to the account. It'd be nice to start your firm credit card base with a good SL, so if you have the patience, I recommend to stagger your apps a little.
(I'm eyeballing the Uber card myself, but I can't decide if I want to deal with their potential neurosis.)