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How many apps per year do you fill out?

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kidink1911
Established Contributor

Re: How many apps per year do you fill out?

I strategize what apps to fill out when. I have found that your FICO score is not the only factor lenders take into account. Your debt-to-income ratio, current credit history for the past 2 years, and income also help with qualifying for CC. I have only applied for two cards this year and was approved for both. Hope this helps.

 

FICO- 661

 

CSP- $8K, Jetblue MC- $5K, Synchrony- $2.4K, CO Quiksilver- $2K, CO Platinum- $1.5K, CF- $500, Credit One- $450, Milestone- $300

PERSONAL: AMEX Platinum- NPSL / AMEX Gold- NPSL / Macy's AMEX Card- $4,500 / SavorOne- $500 / PenFed Gold Visa- $5,000 / Venmo Visa - $20,000 / PayPal MC- $20,000 / PayPal Credit- $1,700 / NFCU Visa Signature cashRewards- $5,800 / AMEX Delta Platinum- $4,200 / NFCU More Rewards AMEX- $3,400 / NFCU Cash Rewards- $4,000 / Credit One Platinum Visa Rewards- $1,000 / Discover IT Chrome- $1,000 / Capital One Venture- $3,550 / AMEX Cash Magnet Card- $1,000 / Belk MC Card- $800 / Citi Shell Mastercard- $400 / Credit One AMEX- $800 / Capital One Spark- $700 / Capital One Platinum- $300 / Citibank Shell- $400 / Oportun Visa- $500 / Fifth Third Bank MC- $300
BUSINESS: American Express Business Platinum- NPSL / AMEX Hilton Honors Business Card- $3,000 / AMEX Delta Platinum Business Card- $3,000 / Marriott Bonvoy Business Card- $3,000 / American Express Business Gold- NPSL / American Express Business Green- NPSL / Sam's Club Business Mastercard- $20,000 / Floor and Decor Pro Premier Business- $20,000 / Phillips 66-Conoco-76 Business Gas Card- $5,000 / Walmart Community Credit Line- $5,000 / Fuelman Mastercard- $3,000 / Amazon Synchrony Business Credit Line- $5,000 / Lowe's Business Credit- $5,000 / Office Depot Commercial Credit- $2,500 / Tractor Supply Company Business- $1,500 / Citi Exxon/Mobil Business Gas Card- $3,000 / Speedway Business Mastercard- $4,500
Message 11 of 30
Anonymous
Not applicable

Re: How many apps per year do you fill out?


@elim wrote:
opened in 6 months1
opened in 12 months6
opened in 18 months8
opened in 24 months12
opened in 36 months22
average age (months)20.781

Did you make your own chart??? I need one 🤔

Message 12 of 30
marcforza1
Frequent Contributor

Re: How many apps per year do you fill out?

Just got back from the bank and got approved for the FU for $3500. Took maybe about 5 minutes to get approved.


FICO 8 Scores 12/2017: EX-596; TU-604; EQ-591
Current: EX-648; TU-665; EQ-678
AAoA: 4.4 yrs
Message 13 of 30
woodyman100
Valued Contributor

Re: How many apps per year do you fill out?

Below is the Hubble Ultra Deep Field.

In this 1 small tiny speck of sky, there are thousands of galaxies and each galaxy is composed of

billions of stars. Around those stars are planets numbering in the trillions. 

I imagine the uncountable grains of sand on those Trillions of planets orbiting those billions of suns.

I app for exactly that number..... plus 3.😐😬

IMG_0482.JPG

NFCU-ICCU-EECU-PSECU-DoverFCU-HarvardFCU-DCUFCU-Union Square FCU-Signature FCU-AODFCU-RedstoneFCU-RRCU-UFCU-USAllianceFCU-Amarillo National Bank-CapitalOne-Regions-Goldman Sachs (Apple/GM)-Evolve-Fifth Third-Gemini-Huntington-Imprint-USBank-Pinnacle-Cardless-John Deere-Discover-BofA-BofA Biz-Chase-Chase Biz-Amex-Amex Biz-Wells Fargo-Commerce-FNBO-Citi-Citi Biz-Synchrony-Synchrony Biz-Target TD-Third Coast Bank-Trevipay-USAA-Amegy-Amegy Biz-Citizens Biz-Comenity-Comenity Biz-Bread (Comenity)-DSNB-Webbank-Bill-Evolve
Message 14 of 30
Revelate
Moderator Emeritus

Re: How many apps per year do you fill out?


@elim wrote:
opened in 6 months1
opened in 12 months6
opened in 18 months8
opened in 24 months12
opened in 36 months22
average age (months)20.781

I actually really like that format.  Did you do it by hand or some combination of SUMIFS in Excel or similar?  I have an AAOA calculation spreadsheet that I've kept some data on and if you have a spreadsheet formula for this I'd certainly appreciate copying it rather than trying to figure it out by trial and error Smiley Happy.

 

 




        
Message 15 of 30
elim
Senior Contributor

Re: How many apps per year do you fill out?


@Revelate wrote:

@elim wrote:
opened in 6 months1
opened in 12 months6
opened in 18 months8
opened in 24 months12
opened in 36 months22
average age (months)20.781

I actually really like that format.  Did you do it by hand or some combination of SUMIFS in Excel or similar?  I have an AAOA calculation spreadsheet that I've kept some data on and if you have a spreadsheet formula for this I'd certainly appreciate copying it rather than trying to figure it out by trial and error Smiley Happy.

 

 


   My sheet is pretty sick (2 years of small changes). 2nd sheet tracks spend and budget, 3rd sheet writes your signature (tabs at bottom).  Click "file/make a copy"  Only edit the lighter cells, everything else is auto. It even looks for a promo APR to truly track your interest.

 

float over some cells for helpfull notes (black corner in cells). even the spade image is auto. AAoA is to the day, tons of auto data and charts below.

 

it would probably take me about 30 screen shots to show all the charts and other data (tracks scores, inquiries, debt, etc) I'll add a couple....

 

heres the link... https://docs.google.com/spreadsheets/d/1LY-nMFRAXS8yViHCjBrgjuoaPtL8g4jG0jPwg582UkM/edit#gid=0

 

anyone feel free to make a copy and change whatever you want, share it, etc. PM me if you need any help, may start a thread in smorg.

 

eta: Log in to Google to save to Google Drive, Can view/edit from phone any time. I view mine zoomed to 67% on lappy in Chrome.

 

guhhujhjikj.jpg

vcfgyhbnjmkl.jpg

 

 

 

 

Message 16 of 30
Revelate
Moderator Emeritus

Re: How many apps per year do you fill out?

OH haha, that's a much smarter way of doing it since I was already calculating months.  Nice spreadsheet, I may take some of your additional summary ideas but stealing this particular one not including the one card (2008-2010) I had before my build here except in AAOA, also the most recent card I have to file paperwork for approval on isn't added yet (hence seedling even being clean for 6 months).

 

Total Accounts 
Opened in 6 months0
Opened in 12 months4
Opened in 18 months8
Opened in 24 months10
Opened in 36 months10
Opened in 48 months14
Opened in 60 months20
Opened in 72 months26
AAOA (months)38

 

 

 

 

 




        
Message 17 of 30
AverageJoesCredit
Legendary Contributor

Re: How many apps per year do you fill out?

LOL, WoodySmiley Happy THAT made my head hurt just thinking about all those atars and planets. Wonder how many are waiting with high anticipation to apply for an Earthly CSR Smiley Happy. May have to prepare for an attack for when they get here and realize the bonus has been slashed , hell hath no fury like a scorned UniversianSmiley Wink
Message 18 of 30
woodyman100
Valued Contributor

Re: How many apps per year do you fill out?


@AverageJoesCredit wrote:
LOL, WoodySmiley Happy THAT made my head hurt just thinking about all those atars and planets. Wonder how many are waiting with high anticipation to apply for an Earthly CSR Smiley Happy. May have to prepare for an attack for when they get here and realize the bonus has been slashed , hell hath no fury like a scorned UniversianSmiley Wink

..or a Chase CFO

NFCU-ICCU-EECU-PSECU-DoverFCU-HarvardFCU-DCUFCU-Union Square FCU-Signature FCU-AODFCU-RedstoneFCU-RRCU-UFCU-USAllianceFCU-Amarillo National Bank-CapitalOne-Regions-Goldman Sachs (Apple/GM)-Evolve-Fifth Third-Gemini-Huntington-Imprint-USBank-Pinnacle-Cardless-John Deere-Discover-BofA-BofA Biz-Chase-Chase Biz-Amex-Amex Biz-Wells Fargo-Commerce-FNBO-Citi-Citi Biz-Synchrony-Synchrony Biz-Target TD-Third Coast Bank-Trevipay-USAA-Amegy-Amegy Biz-Citizens Biz-Comenity-Comenity Biz-Bread (Comenity)-DSNB-Webbank-Bill-Evolve
Message 19 of 30
Anonymous
Not applicable

Re: How many apps per year do you fill out?


@marcforza1 wrote:

Just curious as to how how many apps do most of you fill out in a year? And do you do more than one on the same day or do you spread them apart? I plan on applying for a Chase card today at the bank but also looking to possibly get a 2nd card later this year. Have been trying to rebuild my credit and been doing a god job with it for the past two years. And is there a strategy to doing apps since I know that too many inquiries can possibly lower my score? 

 

FYI: I haven't had an inquiry on my report in almost three years.


Strange question.. At some point you need to stop apping.. lolz

 

Gotta let them cards grow.

 

I rather have fewer cards with big limits than have more card with little limits.

 

All I need in my day to day is a Visa, Mastercard, Amex and Discover.

 

Message 20 of 30
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