When Should Someone Go on an App Spree?

[Anonymous]

With your scores and relatively thin file, i would wait a good 6 months before apping again. FYI - 1) no bank has "lax" apping standrads 2) no card or bank offers flat "great starting limits" either. All underwriting critea is strictly based on an individul's particular credit report not a policy.

All my highh limits based on my ind profile and nothing else.

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[Anonymous]

Personally I'm too afraid to go on an app spree. I worked too hard over time to build up my portfolio of cards and my scores. I just don't see the logic in taking the multiple inq. I had 2 apps in 2016 3 months apart. I have 9 bank cards now and I'm done for the long haul. Now I just want to show loyalty to the creditors who took a risk on me.

[Anonymous]

The reason I went on an app spree was to maximize the money/rewards/benefits that would come back to me while also spreading/starting my relationships with different banks. Has my credit score taken a hit? Yes, but the cards will grow together and I won't have to constantly be applying for cards all the time. My score will bounce back better than before too. For some, applying throughout the year is fine, but my rationale is that by applying at once when I know I won't need a major loan for a while, it frees me up to have more flexibility in the future if new products or a need for a major loan arises. My plans as of now are to use sign up bonuses and travel credits to pay for trips and cash back to pay for fees on the cards so that I'm never really paying for the perks that come with some of these cards. For me it's about having free benefits more than having cash in my pocket. To each there own of course.

[Anonymous]

An app spree after a significant score change from bad marks no longer reporting...much more warranted than most reasons, although all are valid.  You can argue multiple cards from different banks just the same as closing stuff all over the place and then homing in MR/UR packages just as strongly. Aging accounts is discussed so much. This is not whiskey/whisky from overseas...you dont need 12 and 15 year old accounts to have success either. Lots of way high 700s and 800ish scores with under 3 years of credit. All doable.