What should my next application be?

[Anonymous]

I currently have 1fbusa, Amex BCE, Discover it, Sunoco Gas Rewards. I have the ability to get in NavyFCU, but I'm also debating between the chase freedom or another Amex.

[Anonymous]

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@Anonymous wrote:

I currently have 1fbusa, Amex BCE, Discover it, Sunoco Gas Rewards. I have the ability to get in NavyFCU, but I'm also debating between the chase freedom or another Amex.

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Get in NFCU.  I have heard great things... If I had the ability, I'd have already crawled in

[Creditaddict]

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@Anonymous wrote:

I currently have 1fbusa, Amex BCE, Discover it, Sunoco Gas Rewards. I have the ability to get in NavyFCU, but I'm also debating between the chase freedom or another Amex.

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OMG... how do you have access to NFCU and they weren't your FIRST APP!

Apply to NAVY NOW and get a credit card and checking line of credit for full $15k

Apply for 2nd amex now also because of backdate

and apply to chase freedom IF you are pre-qual on the chase website.

Do Navy first, then chase, then Amex as Navy will pull EQ and maybe TU and Chase and Amex will most likely pull just EX

[Anonymous]

I refuse to have more than 5 inquires over all of my accounts at once. I currently have 3.

[Creditaddict]

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@Anonymous wrote:
I refuse to have more than 5 inquires over all of my accounts at once. I currently have 3.

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you are shooting your credit in the foot when you put inquriries ahead of your overall file and passing on Navy is shooting both feet at once!

and amex backdating outways a single inquriries almost in 100% of the scenarios of most

and depending on spending passing up on a freedom for the inq is right up there too

but if i was going to choose 2 INQ's it would be Navy HANDS DOWN!

[Anonymous]

I agree and that's what i'll do. Amex was opened less than 6 months and I don't want an FR to occur, so that can wait to next January for all I care.

[chalupaman]

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@Anonymous wrote:
I agree and that's what i'll do. Amex was opened less than 6 months and I don't want an FR to occur, so that can wait to next January for all I care.

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FR is seriously overblown around here. For a while I was paranoid about that and not once have I ever had it happen to me. Just keep your accounts in good standing and use them the way they were intended and you should be fine. Also Amex isn't as inquiry sensitive as other prime lenders are IMO.

[DiabolicallyRandom]

Many people open an amex in December and then the following month. January is a big amex month on the boards. 

[Anonymous]

The only issue for me is that this is the first year I've worked, meaning I have no tax information. If a FR did occur I would have no way of verifying my income by the standards of AMEX causing a close.

[DiabolicallyRandom]

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@Anonymous wrote:

The only issue for me is that this is the first year I've worked, meaning I have no tax information. If a FR did occur I would have no way of verifying my income by the standards of AMEX causing a close.

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Thats understandable, but as papamode pointed out, they are extremely rare.  CreditAddict was just saying it because it would add a year old account to your newer profile and ease the sting of adding any new accounts.

You should definitely go for navy though. They are a great lending institution and have a tendancy to give great limits. Best of luck.