Which Card(s) to Apply For?

[Anonymous]

I'm thinking about it since I already took the TU pull but the card I really want is the CSP which falls under the 5/24 rule and currently I'm at 2/7/8 (EQ/EX/TU).  So  I'll probably just wait a few months for my scores to improve so I'd get a better SL on the CSP.  Plus I just read a number of comments about Chase shutting down people who had opened multiple accounts in a short period.  Since this is my second Chase account in five weeks I don't want to poke the bear.

---

wrote:
Nice MnB! Was there another Chase card you were after? Technical the card doesn't count until it reports. That's a great SL for the Amazon CC!
If you're going to hit them for another in the near future..do it today.As long as it doesn't fall in the 5/24 group. It will save you a couple of pulls. I know I know...I'm the devil on your shoulder. lol

---

[Gmood1]

Makes sense, I wasn't aware of the first. That one could have been the double dipper. Lol
Only two every 30 days.
I spaced mine out two every 90 days.

[Anonymous]

I picked up a Freedom card through an in-branch approval on 12/28 so its just over 30 days.  That's the reason I think its best to wait a few months now that I also have the Amazon card.

---

wrote:
Makes sense, I wasn't aware of the first. That one could have been the double dipper. Lol
Only two every 30 days.
I spaced mine out two every 90 days.

---

[Anonymous]

So which card(s) did you eventually apply for?

---

@Lancelot99 wrote:

Unrelated topic and I'll start a new thread if you think I should but it's a quick Q, Gmood1.

With that many cards, how do you store them all?  I was thinking something like this.  https://www.staples.com/Cardinal-Business-Collection-Card-File-Black-96-Card-Capacity-4-1-2-x-1-2-x-...

FYI I think I've settled on Citi DC, Penfed Promise, CFU, and maybe US Bank Cash+ for my first spree.  Have to do a little research on their HPs in CA but ready to take the plunge soon once all the current accounts report 0.

Thanks for all the great advice in this thread!

---

[Lancelot99]

1) Chase Sapphire Preferred eventually to PC to Chase Freedom Unlimited

2) Citi Double Cash

3) Penfed Promise

4) Capital One Venture One (getting married soon and needed a no fee, no forex card and the 0% APR is kind of a nice bonus given that we're booking honeymoon stuff now and not paying it off until we get back)

Thought about the Fidelity Rewards, HSBC Cash Rewards, BA Travel Rewards, and Paypal Cashback (though this gets bad reviews) but figured 4 was plenty for now, LOL!  My score had climbed to 823 last month but I haven't seen a dent from the apps yet.

Unrelated but also researching a nice, no fee checking account right now.  Seemingly down to Ally and CapOne 360 but if anyone has thoughts on either a good no fee, no forex CC and/or a nice no fee checking account, would appreciate the thoughts.

[Anonymous]

That's quite a spree given you were so apprehensive.  Congrats.

Take a look at Alliant Credit Union; their rates and service would be hard to beat:  http://www.alliantcreditunion.org/bank/high-yield-checking-account#features

---

@Lancelot99 wrote:

1) Chase Sapphire Preferred eventually to PC to Chase Freedom Unlimited

2) Citi Double Cash

3) Penfed Promise

4) Capital One Venture One (getting married soon and needed a no fee, no forex card and the 0% APR is kind of a nice bonus given that we're booking honeymoon stuff now and not paying it off until we get back)

Thought about the Fidelity Rewards, HSBC Cash Rewards, BA Travel Rewards, and Paypal Cashback (though this gets bad reviews) but figured 4 was plenty for now, LOL!  My score had climbed to 823 last month but I haven't seen a dent from the apps yet.

Unrelated but also researching a nice, no fee checking account right now.  Seemingly down to Ally and CapOne 360 but if anyone has thoughts on either a good no fee, no forex CC and/or a nice no fee checking account, would appreciate the thoughts.

---

[Gmood1]

To bad these guys are only available to Tennessee and Kentucky resident!
https://www.firstadvantagebanking.com/personal-checking-me.htm
4.5% APY up to $10k and 2.01% up to $50k is hard to beat!😲

[Lancelot99]

This thread and your thoughts had a significant influence.  As you and others said, the point of having good credit is to be able to use it!  There's no point in just staring at a credit score...

It just required a little paradigm shift in my mind because it took me sooooooo long to get to this place score-wise.  It took me time to come around to this kind of thinking.

Everything seems to suggest that anything above 800, or even lower than that (780?) gets you the best rates, etc.  I also figured a 10 or 15 point hit on a 823 wasn't going to drop me below 800 again so why not?

Thanks for the Alliant CU link.  I'll look into it soon!

[Anonymous]

I've seen in several places that 760 and above gets you the best rates.  I'm not  there yet but I've managed to get some excellent initial credit limits.  Just this weekend I opened three new cards totalling $35.6K in new tradelines which is actually why I remembered this thread.  So now I'm adopting your approach and not applying for a while.

I think your scores will be just fine...any drop will only be temporary.

---

@Lancelot99 wrote:

This thread and your thoughts had a significant influence.  As you and others said, the point of having good credit is to be able to use it!  There's no point in just staring at a credit score...

It just required a little paradigm shift in my mind because it took me sooooooo long to get to this place score-wise.  It took me time to come around to this kind of thinking.

Everything seems to suggest that anything above 800, or even lower than that (780?) gets you the best rates, etc.  I also figured a 10 or 15 point hit on a 823 wasn't going to drop me below 800 again so why not?

Thanks for the Alliant CU link.  I'll look into it soon!

---

[Lancelot99]

This is what I gleaned from various websites and banks, considered to be Excellent or Exceptional.  Pretty wide variance but 800 seems to be about as high as you absolutely need to be considered Excellent.

800: AMEX, BofA, Credit Scorecard, Discover, Experian

780: Chase, Lending Tree, Quizzle, WalletHub

760: Capital One

750: Credit Karma, NerdWallet, Quicken Loans Credit

720: Mint.com

700: Credit.com

680: Credit Sesame

3 cards totaling $35.6k seems quite excellent to me!  Congratulations!

I just didn't apply for a while because I was trying to improve my score but now that's it's in a good place, I thought I'd apply for a few ;-)

I agree the drops should only be temporary.  We'll see how long it takes to bounce back.  Now seemed like a good time since we weren't going to make any big moves soon, i.e. mortgage or car.