Which Cards to Apply For & How Many Applications in a Single Day

[Anonymous]

Perfect! If you get credit score change alerts update the thread when they come in and I bet we as a community can throw you some card ideas and what order to app in!

[Anonymous]

Sounds good. Will report back around the 11th. And thanks again for the help.

Based on the Credit Simulators on Credit Karma they say my score should go up 20 points based on your payment advice. We shall see.

[Anonymous]

It’s possible. I hate suggesting changes but I wouldn’t be surprised by 20 or 25 but wouldn’t be sad by “only 10”.

Since you’re right there on the edge of 740, it’s worth it either way. 20 points can make the difference between a $1000 SL and a $4000 one too.

Please do report back especially if you get multiple alerts as balances come down different days!

[CreditInspired]

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@Anonymous wrote:
Do not under any circumstances ever pay all your credit cards to $0 at the same time! This can actually decrease your credit score! I know, bizarre right? See my signature link to read about the AZEO Method and why.

You always want one credit card showing usage if between $3 and 8.9% of the limit on that card. Doesn't matter which card, but always one card. Once it reports usage for the month you can pay it off to avoid interest (except Chase).

Chase cards will re-report $0 midcycle if paid off so Chase are poor cards for the AZEO card. I'd pay Chase to $0 and Capital one to below 8.9% considering interest that posts. If you can afford it, pay capital one to 5% and let that report at statement cut.

Remember paying to 5% needs to be the balance at statement cut.

Your scores will bump up a bit and may help with approvals or starting limits.

Do you have any open installment loans reporting, such as mortgage or student or car loans?

+1

Always have something reporting on 1 card (~1% or less of CL) while all the others report $0.

In my case, Chase has reported within 2 days when my CC was at a $0 balance.

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[Anonymous]

So I totally screwed myself for Todays Statement date for my CFU. I had made a purchase of $3,800 on thursday and as of yesterday afternoon was still showing as pending and would not let me make a payment as the balance due yesterday was only $4. So that $3,800 posted this morning and reflected as balance due on todays statement.

I did pay the Cap 1 down to $890 from its previous balance of $4,500

Only thing left to close tonight is the CSR. Even paying this to zero will still look like my utilization increased from that month. 

Im pretty much SOL this cycle huh?

[HeavenOhio]

Pay your Chase card to zero, and they'll report zero to the bureaus in a couple of days.

[Anonymous]

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@HeavenOhio wrote:

Pay your Chase card to zero, and they'll report zero to the bureaus in a couple of days.

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Yep, I tested this with Chase Freedom Unlimited my first month: let 97% report, then waited a few days and paid it to $0 and Chase updated all my bureaus to $0 pretty quickly.

This is also why Chase is a bad card to carry your "AZEO balance" on -- because when you do pay it to $0 to avoid interest, it'll report $0 to the bureaus and you'll end up with no cards reporting a small balance.

[Anonymous]

Oh sweet! So I went ahead and aapplied for the Discover IT card and was approved for $8k and

Citi AAdvantage Platinum Select and was approved for $15k. I know Citi pulled EX which I have 7 inq with. Im not sure who Discover pulled.

What other cards should I apply for?

[Anonymous]

I also just applied for Barclaycard Arrival + and was given the 7-10 days review... I called the recon and they just wanted to verify income and enployement. I was approved for $15k on this one. I know they pulled TU but not sure if they pulled anywhere else.