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How to App Spree...Guide?

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Regular Contributor

How to App Spree...Guide?

Good Afternoon Fellow Fico'ers-

 

Happy Friday!

 

Curious, (having searched to no avail)...

 

Is there an 'How To App Spree' Guide anywhere to be consumed? I would like to begin strategizing for one, but can't quite seem to get a handle on the 'requirements*'. -yes, I"m ravenous, lol-

 

*Ideal score ranges, banks to attempt first, average AoAA, etc.

 

Any and all thoughts welcome!

 

Thank you all, as always!

 

Have a wonderful weekend!!! Smiley LOL

 

 

Gardening until 4/1/16 (or later)=Goal Card: Discover It Miles|**Total Utl. 13%**
FICOs: EQ-721, Trans-720, EX-711, Amex-711, Discover-719, GFCU-717, Mint-719, USAA-699, Credit-725
*CCs* DiscoverIT - $30,750|NFCU cashRewards Signature - $17,500|NFCU nRewards - $17,500|USAA PCR World - $12,000|GFCU Rewards - $7,000|BOA CashRewards - $6,000|Sallie Mae WMC - $4,500|Amex EveryDay - $2,000|Amex BCP - $2,000|Chase Slate - $300 (LMFAO)| *BCs* Amex Business SPG - $10,000|Southwest RR Premier - $5,000|Amex SimplyCash - $4,400| *RCs* AmazonStore - $3,8000|HenriBendel - $3,000|BestBuy - $3,000||Khols - $1,300| (+) Student Loans-$67,000*weep* Take the myFICO Fitness Challenge
Message 1 of 13
12 REPLIES 12
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Senior Contributor

Re: How to App Spree...Guide?

Step by step guide:

 

1. Go to site of card you want.

2. Fill out application.

3. Click submit.

 

Keep repeating the above until you get a denial.

Message 2 of 13
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Super Contributor

Re: How to App Spree...Guide?

There isn't... As @CAPTOOL stated, that is just basically it..  

Message 3 of 13
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Regular Contributor

Re: How to App Spree...Guide?

Duly noted! LOL

 

 

Thank you again.

Gardening until 4/1/16 (or later)=Goal Card: Discover It Miles|**Total Utl. 13%**
FICOs: EQ-721, Trans-720, EX-711, Amex-711, Discover-719, GFCU-717, Mint-719, USAA-699, Credit-725
*CCs* DiscoverIT - $30,750|NFCU cashRewards Signature - $17,500|NFCU nRewards - $17,500|USAA PCR World - $12,000|GFCU Rewards - $7,000|BOA CashRewards - $6,000|Sallie Mae WMC - $4,500|Amex EveryDay - $2,000|Amex BCP - $2,000|Chase Slate - $300 (LMFAO)| *BCs* Amex Business SPG - $10,000|Southwest RR Premier - $5,000|Amex SimplyCash - $4,400| *RCs* AmazonStore - $3,8000|HenriBendel - $3,000|BestBuy - $3,000||Khols - $1,300| (+) Student Loans-$67,000*weep* Take the myFICO Fitness Challenge
Message 4 of 13
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Valued Member

Re: How to App Spree...Guide?

I always read that Barclay is Inq-sensitive, so you might want to move them up on the list. Never app spree'd before though. Smiley Frustrated

FICO (30May2017) EX - 758, EQ - 759, TU - 773

Discover IT - 11500 Arrival - 12500, Fidelity - 12000, Citi Double Cash - 8300, Citi My Best Buy - 5500, Capital One Quicksilver - 3250
Message 5 of 13
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Valued Contributor

Re: How to App Spree...Guide?

1. IMO. Sprees are best done early in your credit journey when you have atleast 6months of history each time.
2. It helps to know which bureau is pulled for each card(past pulls resulting in denials is a good way to find out)
3. Learn who is inquiry/new account sensitive, combine that with the bureau pull info, then apply in order. Barclays, Citi, Chase, FBNO, and to a degree-BofA are all said to be inquiry/new account sensitive. Cap1, Synchrony, Comenity, and Amex are said not to be.
4. Have ideal utilization(all cards reporting zero except one. One card reporting less than 10%)
5. Find out which banks purportedly give a 2-1(pulls credit once) deal when doing back-to-back apps for that bank(Cap1 and Chase).
6. Keep an eye out for approval amounts and APRs. Good indicator of when to stop.
7. If you are at the beginning of your credit journey, don't apply for the top cards. Get in with a bank with more attainable cards and build a rapport. The latter sprees will get your ideal cards with higher limits as banks are gun shy at first.
8. Check prequal sites to help you decide which cards are attainable for you(Chase, Cap1, and Citi are pretty solid).
9. Apply for all, or most, cards in one day so you don't get rejected for too many new accounts. The only thing creditors can see until the accounts show up, are the inquiries on the bureau they pulled. It's not too telling as they won't know how many new accounts resulted from the inquiries.
10. You can spree again when your reports(AAoA recovers and your tanked scores rise).
11. If rejected, don't shy away from reconning(even more than once for a specific card). If approved, don't shy away from reconning for higher limits(Barclays and Synchrony).
12. Understand that sprees are unusual in credit, and that at any time, your creditors can take adverse action against you(close card/lower limits). Prepare for it. Recon if it occurs. Accept their final decision. Then wait for time to pass. Show good history for a reversal.

My .002

Message 6 of 13
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Established Contributor

Re: How to App Spree...Guide?

JSS3, thank you for your excellent post. Much appreciated.
Message 7 of 13
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Valued Contributor

Re: How to App Spree...Guide?


@drewg350 wrote:
JSS3, thank you for your excellent post. Much appreciated.

Welcome

Message 8 of 13
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Established Contributor

Re: How to App Spree...Guide?

I just got 11k on my app spree now back to the garden until citi take over costco
Amex ED (2000) Amex BCE (2000) Amex macys (5000) Amex Gold , VENTURE (5000) MC PLATINUM (600) CAP QUICKSILVERONE (1250) CAP QUICKSILVER (4500) CAP QUICKSILVER (3500) PENFED AMEX (5000) PENFED CASH REWARDS (25,000) PENDFED REWARDS VISA SIGNATURE (20,000) UPROMISE (1000) NFL (4000) OVERSTOCK (2800) HSN (3200) DISCOVER IT(8500) AMAZON PRIME (10000) MARVEL(7000) BOF VISA(2000) BEST BUY VISA CITI (9000) BLISPAY (9000)Amex Magnet (10,000) Uber (3100)

WELCOME TO 100K CLUB . LAST APP 08/29/18 Credit Score 8 TU 720 EQ 705 EX 724

Starting Score: 640
Current Score: 720
Goal Score: 850


Take the myFICO Fitness Challenge

CARD I want .
Chase Freedom and US cash +

Now back to the garden until 2020
Message 9 of 13
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Established Contributor

Re: How to App Spree...Guide?

Yea, I was wondering when it comes to apping: better to app many banks for a single card/product OR try and app multiple times with a few banks ?? My thoughts are it's best to "get your foot in the door" with a card. You can grow the relationship for 6 months and than app for a 2nd or 3rd. Thoughts ???
Message 10 of 13
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