Mystery of Application Spree

[pizza1]

My style of app sprees is usually the "shot gun" approach. Just sit down at my desk, and throw out like 20 apps, see what comes back. When you have like 50+ INQ, they don't count anymore against you, LOL..

I will say though that my great app spree of 2015/2016 are starting to age now to the famous "2 yr mark" which is what fico and everyone else deems as a "new act". Had 4 just age last week alone, LOL..

Though Ive calmed down my app sprees, its like not they didn't effect me, I had a lot of denials along the way....but overall, my profile is strong. I see my app sprees becoming less and less now as my BK ages.  Once your BK hits the 7yr mark, creditors know that you can file again the following year at the 8 yr mark, so approvals will become harder anyways. My goal is to get the rest of the cards I want in the next 2 yrs.

[BronzeTrader]

You treat your credit card apps like some arcade game for the enjoyment. Cool. 

We all have days like that.  Get bored sometimes....

[pizza1]

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@Anonymous wrote:

Please let me know what 5/24 and IMO mean? Thanks ahead of the answer.

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http://ficoforums.myfico.com/t5/Credit-Cards/Helpful-Threads/m-p/415263#M138867

[LJ555]

This is a great thread because there is so much conflicting information about sprees on this site.  I'd like to pose a few questions and a hypothetical... for science. 

*What is considered a "mini sprees" vs "spree"?  2 vs 4?  3 vs 6?

*How many new accounts is too many in terms of scoring on CR?  2?  5?

*What is an ideal AAoA?  Ideal meaning that a few new accounts are likely to have minimal impact.

*How many inquiries is too many?

OK so the hypothetical:

Consumer has FICOs of EX 670/EQ 660/TU 665.  AAoA is 11y7mo.  Oldest account is 22 years.  Newest is 6 months.  Currently only holds 2 open CCs with combined limit of $4400 and util of 25%.

Spree or not?  And why?  And how many if yes?

[JackBeNimble1]

Under your hypothetical, the consumer should bring his or her utilization to under 10% and then apply for their favorite Chase card once every three or four months. After the consumer has collected, say, three Chase cards over a 10-month period, wait a few more months and apply for some other appealing cards from different banks to increase chances of success. Take a calm, calculated approach to credit building.

[LJ555]

I'm curious - why Chase?

Also still interested in opinions/responses to the questions above the hypothetical.   What is most interesting to me in reading the various threads about app sprees is that there seems to be little discussion (unless I've just missed it) about reasonable limitations on things like new inquiries, new accounts, what is considered "good/excellent" in terms of AAoA, etc.  Sure, there is plenty of conversation about not wanting a lot of inquiries/HPs thus the reason for applying for multiple things quickly but not a lot said about ideal metrics for these things.

(Example - I just applied for and was approved for 2 new cards.  Is this considered a mini-spree? Or just average/normal behavior?)