My App Spree Plan...Thoughts?

[Anonymous]

After nearly 2 years of rebuilding, my app spree is about to begin. I was able to get EX and EQ to remove a maxed-out AU account that was ballooning my util. EX is already updated from 39% to 12% util. Just waiting on EQ to update.  EX jumped from Fico 747 to 781. EQ should be about the same.

I'm thinking that I will hit each CB 3-4 times each. I'm pre-qualified for CapOne Venture and Discover It.

Any thoughts or feedback is very much appreciated. My goal is to add $50k in credit lines. Am I being to optimistic??

Here's my plan of action and the CB's that I think will be HP'd

1. CapOne Venture - EX, EQ, TU

2. Discover It - EX, EQ

3. Citi Costco Visa (just renewed my membership yesterday) - EX

4. Barclaycard Cash Forward World MC - TU

5. Marvel MC - TU

6. Lowes -  (unless y'all think i should wait until they stop freezing accts) - TU

7. PenFed - (3 accts with one HP) - EQ

   -Platinum Rewards Visa

   -Auto Loan

   -PLOC

[Superduper2014]

Hi, I am getting ready for an app spree as well. 

Have you considered Amex Blue Cash Rewards? Check their pre qual and see if you are pre approved. Cool thing about Amex is they triple your Credit Limit (think it is at 181 days, have to look it up)

I'm looking into Penfed too. 

Will you be refinancing your current auto loan and the personal line of credit, does it requiere income verification?

Good luck.!!

[Samac]

That's a really long list for an app spree. Your scores will take a pretty big hit. Also keep in mind for auto loans unless you have one specific bank in mind they usually pull at multiple places at a dealership. I got his with 6 inqs on my Transunion at one time last year for it.

[Anonymous]

I spoke to Pen Fed and they said I could refinance my current Wells Fargo auto loan (from 7.99% to as low as 1.99%), apply for a credit card and a PLOC all with one EQ HP. No mention of needing income verification. I'm self employed and can provide them with tax returns.

[dragontears]

I am not a big fan of app sprees but I do understand some people like them and that it works for them. That being said the general advice I would give you is:

1. app for cards that you have a use planned for

2. start with the ones you want the most since my observation has been later in a spree people start seeing lower SL/higher APR/denials.

Best of luck

[Anonymous]

Thanks for the feedback!  I've got plans for all of these cards and lines of credit.

Is there any advantage to app'ing for multiple cards at the same time, just a few seconds apart?

I've read on this where people do that sometimes.

[Superduper2014]

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@Anonymous wrote:

Thanks for the feedback!  I've got plans for all of these cards and lines of credit.

Is there any advantage to app'ing for multiple cards at the same time, just a few seconds apart?

I've read on this where people do that sometimes.

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I remember reading something about the 2 browsers at the same time, but not sure if it will make any difference. 

[Meanmchine]

You want to open 9 TLs on the same day?

IMO you are inviting an AA or 2

[Anonymous]

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@Anonymous wrote:

After nearly 2 years of rebuilding, my app spree is about to begin. I was able to get EX and EQ to remove a maxed-out AU account that was ballooning my util. EX is already updated from 39% to 12% util. Just waiting on EQ to update.  EX jumped from Fico 747 to 781. EQ should be about the same.

I'm thinking that I will hit each CB 3-4 times each. I'm pre-qualified for CapOne Venture and Discover It.

Any thoughts or feedback is very much appreciated. My goal is to add $50k in credit lines. Am I being to optimistic??

Here's my plan of action and the CB's that I think will be HP'd

1. CapOne Venture - EX, EQ, TU

2. Discover It - EX, EQ

3. Citi Costco Visa (just renewed my membership yesterday) - EX

4. Barclaycard Cash Forward World MC - TU

5. Marvel MC - TU

6. Lowes -  (unless y'all think i should wait until they stop freezing accts) - TU

7. PenFed - (3 accts with one HP) - EQ

   -Platinum Rewards Visa

   -Auto Loan

   -PLOC

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4-7 are junk in my opinion.

Try to change your QS1 to a regular QS to avoid annual fee and combine limit with your Platinum

That would eliminate the need for the Cash Forward, which is also 1.5% but has a $50 minimum to redeem (approximately once you spend $3333.33)

[Vegas4Play]

You seem to have it pretty well planed out, all in one day or over a few days?