I'm looking to round out my CC portfolio over the next year and am looking for some feedback to see if I'm on the right track or am missing something I haven't considered.
Additional DPs not in my sig:
BMWFS auto loan - Nov 2017 - 12% paid - 72 mos
CU auto loan - Jan 2018 - 17% paid - 60 mos
No mortgage & not in the forecast for 5+ years
1 30 day late 4 yrs 7 mos ago (no other baddies)
Income 130K
AAoA 4 yrs 11 mos
AoOA 20 yrs 3 mos (falls off Sept 2019 which will then become 13yrs 4 mos)
AoYA 2 mos
1-2% util & use the AZEO method (not because I'm trying to increase mortgage scores but because it's personally satisfying)
The majority of my spend is regular household bills so I need an all-around card (insurance, utilities, etc). Next up is dining so I have that covered with the Savor. Groceries & gas are the next biggest categories which are covered by the BCE. I have the Freedom for 5% rotating. I'm looking to pursue UR vs MR as I only travel about once a year. I do not own a business nor have the desire to "create" a business to obtain cards, so business cards are out. I don't use the AU accounts nor do they help (AAoA) / hurt (low util) my score, so I will probably ask to be removed at the end of next year as I will have 5 CCs of my own by then (assuming my plan takes shape).
Mar 2019 (4/24 as I became an AU on the QS Jan 2018) - apply for Chase FU. I know that my profile supports an approval, however I am a little wary because I had to recon to obtain the Freedom earlier this year. Apparently I had two charged off accounts with them way back when, but I am encouraged by the fact they gave me a 6XCLI after a few months (HP was worth it). If they do decline me & I fail recon, I would apply for the Cash Magnet. I'm already pre-approved for it and it would be a SP for the new card which would ease the blow of the HP for the FU decline and still give me the 1.5% on general spend.
Dec 2019 (4/24 again) - apply for CSP assuming I was approved for the FU earlier in the year. I would use this card for the times I DO travel for the trip/baggage delay & primary rental car insurance as well as bigger purchases for the purchase/warranty protection this card offers. This would also complete the Chase Trifecta. If I don't get approved, I would probably apply for a Discover IT for the cash back match for the year.
Thanks for taking the time to read through and thanks in advance for the feedback.
