CC Spree Strategy Help

[Anonymous]

New to the Forum. Have not used much credit. AOAA 28.6yrs. Amex pay over time $24K and Suntrust mortgage on 3 bureaus. Closed 2nd mortgage on TU. Income $125K. No baddies. 1 inquiry 5/2016. Overall util including mortage = 50%.  Amex util reported as 100%. Not sure what to do about this. Myfico Eq=758, TU=765, Ex=757. Not sure what NexGen scores will be. Want to go after PenFed and NFCU simultaneously. Should I? Which first? Will poi be requested? What will they look for? Will want car loan for $25K in about 3 mos.Probably too conservative with credit. Appreciate your guidance. Apologize for the awkward post.

[Gmood1]

Welcome to the forums!

First, I'm confused by what you mean on the Amex reporting 100%? Do you mean you have 100% of the limit available? Or you're using 100% of the limit?

Don't apply for Penfed until you're ready for the auto loan. They'll use the same pull for both. I've never had Penfed request POI.

You can apply for both whenever you like. Doesn't matter who's first. Since these CUs are competitors. Navy Federal will request POI depending on the product.

With what you've stated, if I understand correctly. You really have nothing to worry about.

[AverageJoesCredit]

+1 gmood1,

Welcome never apologize for posting ,awkward or not lol. With your profile you appear golden so just do what you feel is right. Gmood is spot on with Penfed, use that hp for all its worth. Good luck