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Which Card(s) to Apply For?

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Lancelot99
Established Member

Re: Which Card(s) to Apply For?

Wow, that is some interesting logic but it makes sense.  So after all the information I got in this thread, I'm at least interested in Citi DC, CFU, Fidelity, and PenFed.  What's your experience?  All at once, all on the same day?  Over the course of a few days?  Just 2 or 3 or a bunch?  Do you wait for your score to climb back to a certain level before applying again?  I'm just curious at how all the logistics of this might work out.  This thread has been both illuminating and fascinating...

 

Thanks in advance!

08/04/13 FICO 8: EQ 668; EX 664; TU 624
05/09/18 FICO 8: EQ 826; EX 816; TU 825
09/18/21 FICO 8: EQ 831; EX 832; TU 830
TCL: $180,800
Message 21 of 92
Gmood1
Super Contributor

Re: Which Card(s) to Apply For?

Fidelity is processed by Elan bank or US bank. They normally pull TU but will also pull one of the lesser known CRs not EX or EQ. They are the most conservative of those you've listed IME.
Penfed has always been strictly a EQ puller for me and most people reporting DPs.
Citi loves EX but does double pull EX and EQ sometimes on new customers. Same with Chase. Depending on the part of the country you live in. They'll pull EX and EQ or EX and TU. Some of the folks in California on the site, claim they only pulled EX for them.

I've done several in a day or several over a week. I made sure I did it before any of them reported the new accounts.
If you want some of those 5/24 Chase CCs. Grab those before any accounts report.
I'd hit Fidelity first. Followed by Penfed. It's a toss up on Citi and Chase. There's a good chance they'll both pull EX. Being the other two don't normally hit EX. That's still only two INQs on EX.
US bank has a soft pull prequal site. Doing the prequal may give you advanced warning on your chance of an approval.
You can also try Chase's prequal and Citi's pre-qualified site. All are normally solid offers. If you get a set APR, there's a higher chance of approval.
I've never had a prequal offer from Chase. So it doesn't mean you won't be approved, if you don't see any offers.
Message 22 of 92
Lancelot99
Established Member

Re: Which Card(s) to Apply For?

This is crazy informational.  You even know which bureaus will be pulled by which bank/CU!  I really haven't decided on which cards exactly yet.  SouthJamaica was big on the military CUs and I had never heard of them so I'm quickly educating myself.  I'm trying to decide on number of new apps and which cards would fit my goals of a WEMC, more evenly spreading out my CLs, a total of $100k in CL, and a better every day use card.

 

Citi DC would seem to cover goal 1 and 4.  But then there's strategy involved now in knowing who pulls what!  I just checked my CRs and for the 3 majors, I'm within 3 points of each other.  But I haven't applied for new credit since 2006 when I first started applying really and everything is reporting the same.  This is why people's scores vary so much on each CR.  At least, each bureau can have a different number of pulls...

 

What's a 5/24?  Edit: never mind, I Googled it!

 

Is someone here keeping a pinned post of which cards pull which bureaus?  That would be seemingly incredibly useful.

 

Thanks so much!

08/04/13 FICO 8: EQ 668; EX 664; TU 624
05/09/18 FICO 8: EQ 826; EX 816; TU 825
09/18/21 FICO 8: EQ 831; EX 832; TU 830
TCL: $180,800
Message 23 of 92
Gmood1
Super Contributor

Re: Which Card(s) to Apply For?

You can Google "credit pulls database". I used it as a reference until I built my own from apping.
Penfed is a terrific CU. The pull will be good for at least 30 days. In some cases they'll use it up to 90 days. So even if you went back to them weeks later and decided they had another product you wanted. They'll use the pull on file.
Citi is one of the favorites used here. They don't normally give massive limits from the start. It will grow with patience and using the SPs every 180 days to bump up the limit.
Penfed is a good CU to have in your corner. They can be VERY generous!
The 2% card does require a checking account to get the full 2%.
You use the same pull for everything with them.
Vantage West is another I wouldn't over look. The 5% card they have gives some fantastic rewards. I want that one myself.
Oh forgot to mention, you can only be approved for two Chase cards in a 30 day period. Anything over that will result in an automatic denial.
Message 24 of 92
Anonymous
Not applicable

Re: Which Card(s) to Apply For?

As for why people go on app sprees.. lol I'd actually like to know how it really breaks down over time myself, app spree vs going slow, I can't speak for other's reasoning behind it but my own [quite possibly faulty] logic behind it is mainly a) hopefully get approved for multiple cards before the rest show up on your credit reports and drop your AAoA and possibly score along with it - I think this effect is a lot more pronounced the shorter your history is though and mine is very short, I think I've seen @ABCD2199 mention this before? He'd probably be able to help you figure out how much it would affect you personally if you were curious, you may have already encountered him but if not seriously this guy is a fico wizard and super helpful - anyway in the same vein as AAoA I figure there's also the whole CCC's not liking lots of new accounts thing, which as long as you plan out who is most likely to do their HP where then the amount of inquiries they can see should be a bit (or maybe even quite a bit) less than the actual number of cards you app'd for.. I wouldn't be the best example here since I don't have very many cards but I did get them all in the past 8 or 9 months and I did manage to get it so that I've only got 2 inq's per bureau.. it would be less if not for the notorious capital one triple pull Cat Embarassed but ideally that's what you'd try to do, requires a little research and planning, especially if you're going on a larger spree, and you'd probably also want to plan on the order to app in based on who has certain quirks - i.e. chase 5/24, if they're on your list you'd probably wanna go for theirs first - also might be pretty helpful to google credit pulls databases, but make sure you're not looking too far back to where the info is no longer valid.. you could also search for 'who does *lender/card* pull' to help plan things)

 

As for b), for me it would be to let the accounts age together, if they were all cards I was going to get anyway then I figure I may as well let them all age now vs one now and the rest later, since once you get to a point say 2 years down the road instead of having a few 2 year old cards you'd have one 2 year old card and a couple brand new ones.. but my logic here could be missing something, I'm definitely curious to know if any of this is even correct lol so I wouldn't really follow my example haha I'd definitely wait to hear from some other people on this (I do believe certain lenders get spooked if they see a ton of new accounts all pop up in a super short period, so that's one potential app spree downfall, i feel like I've seen it mentioned the most with people getting a bunch of shopping cart trick cards from the same lender though [i.e. synchrony and their notorious blue envelope, lol I saw that referenced around here so many times I had to google it] so it might not really apply to this scenario anyway)

 

But that's my logic behind it, possibly accurate or just as likely totally wrong haha but hopefully someone else will help out here Smiley Happy

 

Edit: whoops I forgot to hit post earlier and it looks like this has now been addressed haha but good to see I'm not totally off base on my points Cat Very Happy

 

(Oh yeah also imo the 2 most helpful/popular credit pulls databases I've found are whogavemecredit and the credit boards credit pull database, in case you're googling them and aren't sure which ones to check out first)

Message 25 of 92
minski
Established Contributor

Re: Which Card(s) to Apply For?

If you choose to apply for the US Bank Cash+ and Fidelity Visa on the same day, it may be a single pull for both cards. I did exactly this mid 2016. It was a single pull on EX. It was not an instant approval for either which was a first for me (lol) but I did eventually get approved for both within a few days. I did not have a prequal for US Bank since I was out of their usual geographic range and they gave me a really low starting limit with high APR as a new customer ($1500 with 24.24% APR - as a follow up, I reapplied for the same card with a preapproval last year with much higher starting limit and one of their lowest APR). Fidelity has a single APR IIRC and they gave me fair SL for me ($5000). This spree included Chase Freedom (instant approval for $10,000 which was my highest SL to date, at their lowest APR; EX and TU double pull) and Blispay ($9900, EX), essentially in this order since I also had two new accounts in January at the time.  

 

I spree'd at this time because I wanted to "complete" my credit card set sooner than later, to have these ages together, to have the inquiries fall off at the same time, and to increase my chances of approval before any of the card approvals reported. 

Message 26 of 92
Lancelot99
Established Member

Re: Which Card(s) to Apply For?

Terrific information!

 

So looking at the database, it also depends on which state you live in.  I live in CA and so each provider might pull a different CRA than another state.  That's interesting.  And I assume it varies over time too.

 

Is your database available for viewing?  I assume you've app'ed recently?

 

Pretty sure I will app for Citi DC now.  Need to research Penfed, Langley, and Vantage.  I saw no way to get a USAA card.  So perhaps a CFU or a Fidelity.  A lot to research.

 

Is CSP worth it?  I don't have any CC's with AF right now.  It seems if I app for a CSP, I had better start using it or I'll be paying an AF eventually and we all know it doesn't make any sense to close an account.  You're kind of locked in, it seems.

 

Thanks for all this information, especially about Chase and the other CUs!

08/04/13 FICO 8: EQ 668; EX 664; TU 624
05/09/18 FICO 8: EQ 826; EX 816; TU 825
09/18/21 FICO 8: EQ 831; EX 832; TU 830
TCL: $180,800
Message 27 of 92
Lancelot99
Established Member

Re: Which Card(s) to Apply For?

So I know now I need to decide on the cards and then research which CC HPs which CRA and that this is dependent on state and date, since I assume the CRAs pulled changes with time.

 

What's a typical app spree?  2 or 3?  4 or 5?  I think I might be conservative about it.  It took so long and was so hard getting to 800+, I'd hate to see it dip so quickly below again, haha!

 

Thank you for the information about which HPs databases!  You've been really helpful!

08/04/13 FICO 8: EQ 668; EX 664; TU 624
05/09/18 FICO 8: EQ 826; EX 816; TU 825
09/18/21 FICO 8: EQ 831; EX 832; TU 830
TCL: $180,800
Message 28 of 92
Gmood1
Super Contributor

Re: Which Card(s) to Apply For?

I find no real value in the CSP. But I don't travel like that either. The only value I see in it is churning the bonus, the initial CL and being able to transfer the limit to another Chase card. Before the first year is up, I'd PC it to a Freedom and/or move the limit elsewhere.
That's the reason for grabbing two of their cards at once. Chase isn't big on CLIs for most of us. And they HP for requesting an increase. Which isn't guaranteed.
With two of the cards, you have options to move limits around without any additional pulls. Let's say in the future you find another Chase card useful but the SL is lower than what you need. You take some credit limits from one or more of your other Chase cards and make the limit what you want it to be. No HP CLI request needed.
By PCing you keep your account history without having to close the account entirely. And you avoid paying the AF. So you're not trapped at all.😉

There's no set number for an app spree. It depends on how old and thick your file is. Your score will dip a little for the first couple of months and then the points will return.
My scores were in the mid 600s when I began apping just over 2 1/2 years ago. I've had at least 50 new accounts in that period of time. I'm still in the mid to upper 700s. Getting four of the cards you want isn't going to send you into purgatory. lol
Message 29 of 92
Lancelot99
Established Member

Re: Which Card(s) to Apply For?

That's really useful.  So if I want a CSP and do not want to be stuck with an AF after the first year, I can PC it?

 

So instead of applying for 2 cards, why not just PC the CSP to a CFU within the 1st year?  Do you already need to have a CFU approval to PC it to a CFU?  Would you just end up with 2 CFUs?  Because you don't want to close the CSP,  you just PC it and move the majority of the CL to the CFU or just leave it there?  This is all about not getting HP'ed by Chase again and not risking getting denied on a CFU CLI in the future, right?

 

Obviously, no reason to go on an app spree before buying a car or house but any other things I should consider?

 

Thanks so much!

08/04/13 FICO 8: EQ 668; EX 664; TU 624
05/09/18 FICO 8: EQ 826; EX 816; TU 825
09/18/21 FICO 8: EQ 831; EX 832; TU 830
TCL: $180,800
Message 30 of 92
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