Post Mortgage CC Applications

[DezC]

Hello All!

I’d like to open a few high limit credit cards and benefit from cash back rewards.  Myfico scores are: Ex 740, Eq 750, and TU 746. Last 30 day late 9/15 on wells fargo private student loan.

Credit cards: Currently $27/$2750 on CaptialOne student card opened in 2008. $0/$750 on Nordstroms card opened 2003, and $0/$1090 Express store card opened 2001. In 2008 I closed 2 Chase and 2 Citi cards that had lates and  were maxed out. They’ve been paid off since 2013 or so.

With so much to consider, I'd appreciate suggestions on top 3-5 credit cards I’m likely to qualify for. I don’t need a I’m thinking: Amex, discover  card, capital one, and a credit union card since I’ll need a car loan in the next month. I’m also wondering if their personal loan can get me a rate lower than 7.5% for the remaining $9500 on my Wells Fargo student loan. I also just purchased a new home in August and will need to keep in mind inquires in case I want to refinance in the future.

Any thoughts on which cards I should go for and strategy ( ie. Applying for cc’s on the same day or credit union first? Thanks in advance!

[Anonymous]

First, hit up ALL the credit bank's prequalification pages and report back what they offer in terms of SL, APR range, etc.  That'll help us see what you may already have a strong preapproval for -- not every prequalification is a strong preapproval but seeing what they tell you is important.

Second, you're going to have to share a bit about your spending habits/patterns/categories before anyone can help.  Do you do a lot of travel or dining or specific categories where a 5% card may be better than a 2% overall card?  Have you burned any creditors that might prevent you from an approval?

[Shooting-For-800]

Cap One Venture is giving $400-$500 right now to open an account.

My score is lower than yours and I got $30k at 13.99% and received my $400 the same day I spent $3k.

2% cash back on everything when applied to a travel catagorized expense.

YMMV

[DezC]

Logical first step. I will try the prequal sites and report back. Thanks

[DezC]

That's awesome and EXACTLY what I'm looking for. How much does your possession of other high limit cards play in getting approved I wonder? I do recall reading that Capital1 pulls all 3 reports so I would definitely be bummed if my results didn't mirror yours.  I'm going to go check out the offers I have from them to start. Thanks!