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BB&T Spectrum Rewards

SEMO
Frequent Contributor

Re: BB&T Spectrum Rewards

I wouldn't necessarily say that the APR is the only thing that is affected by your inquires, your SL's are affected by the massive amounts of inquires you have as well. When someone is seeking credit constantly and has so many new accounts it poses alot of risk to lender's which is why you are seeing many low limit SL's and higher APR's. Although some lender's here and there will still hand out a generous SL most won't because you pose more risk than someone who isn't seeking credit quite as frequently. Just my two cents, obviously you have your own strategy and end goal and I appreciate that. Congrat's on the approval!

AMEX BCE ($39,500) CITI AAdvantage ($20,500) Region's Platinum Card ($14,400) Discover IT ($23,000) Macy's ($7,000) Chase FU ($10,000) Barclay's Aviator ($22,000) TU:778 EX: 781 EQ:791
Message 21 of 37
Scott2696
Established Contributor

Re: BB&T Spectrum Rewards

Semo,

 

According to myfico reporting, Which I subscribe to monthly it states that my risk rating is 13% across all 3 bureaus.  I had an inquiry hit TU on 8/31 and my score jumped 8 points from it.  Utilization is at 14% now across all cards.  No card is over 30%.  DTI is ok at this point in time as well. 

 

EQ 669, TU 679, EX 679. Navy Signature Go Rewards 15K, Navy Signature Cash Rewards 16K, Navy AX Rewards 14.4K, Navy CLOC 15K, Navy Mortgage 120K, Navy ATV Loan 14,990K, FLCU Auto 48.7K, FLCU Visa 7.5K, FLCU Visa 1K, AFCU 5K, AFCU Line of Credit 4K, John Deere 15K, Suncoast TB Rays Cash Rewards 6K, Cap1 QS 5K, USAA Rate Advantage 5K, USAA AX Card 9K, State Farm Rewards 2.5K, Paypal Credit 2.8K, Cabela's 2K, Chevron & Texaco Visa 6K, BMO Harris Bank 1.5K, BOA Bass Pro 1.5K, 5/3 Stand up to cancer 4.5K, 5/3 Truly Simple 4K, 5/3 Trio 4K, Amazon Store Card 5K, Lowes 17K, TBFCU 5K, BBT Spectrum 4.5K, BBT Bright 3.5K, BBT Bright 4.5K, Banco Do Brasil Americas 4.2K, Kays Jewerly 2K, AX Green Charge, AX Delta Gold 1K, Morgan Auto Group 1.6K, Kohls 700.
Message 22 of 37
TheVig
Regular Contributor

Re: BB&T Spectrum Rewards

Did you have an existing checking or savings account before aplying for the card?

Message 23 of 37
Scott2696
Established Contributor

Re: BB&T Spectrum Rewards

TheVig,  

 

Not with them. 

 

EQ 669, TU 679, EX 679. Navy Signature Go Rewards 15K, Navy Signature Cash Rewards 16K, Navy AX Rewards 14.4K, Navy CLOC 15K, Navy Mortgage 120K, Navy ATV Loan 14,990K, FLCU Auto 48.7K, FLCU Visa 7.5K, FLCU Visa 1K, AFCU 5K, AFCU Line of Credit 4K, John Deere 15K, Suncoast TB Rays Cash Rewards 6K, Cap1 QS 5K, USAA Rate Advantage 5K, USAA AX Card 9K, State Farm Rewards 2.5K, Paypal Credit 2.8K, Cabela's 2K, Chevron & Texaco Visa 6K, BMO Harris Bank 1.5K, BOA Bass Pro 1.5K, 5/3 Stand up to cancer 4.5K, 5/3 Truly Simple 4K, 5/3 Trio 4K, Amazon Store Card 5K, Lowes 17K, TBFCU 5K, BBT Spectrum 4.5K, BBT Bright 3.5K, BBT Bright 4.5K, Banco Do Brasil Americas 4.2K, Kays Jewerly 2K, AX Green Charge, AX Delta Gold 1K, Morgan Auto Group 1.6K, Kohls 700.
Message 24 of 37
TheVig
Regular Contributor

Re: BB&T Spectrum Rewards

Scott2696,

Thank You.
Message 25 of 37
credit_is_crack
Valued Contributor

Re: BB&T Spectrum Rewards

So what's the end game with the 100+ inquiries? Are you leaving the country and just getting as much credit as possible? Are you just testing the profiles to see where the final No comes in? Or just racking up as many cards as possible?

I read you had 25 in Aug alone? How many of these inquiries turned into approvals? How many cards do you have? How old is the oldest card and what's your highest limit? I curious now and trying to figure out what this is going towards.

Congrats on the approval!
Message 26 of 37
donny10
Senior Contributor

Re: BB&T Spectrum Rewards


@credit_is_crack wrote:
So what's the end game with the 100+ inquiries? Are you leaving the country and just getting as much credit as possible? Are you just testing the profiles to see where the final No comes in? Or just racking up as many cards as possible?

I read you had 25 in Aug alone? How many of these inquiries turned into approvals? How many cards do you have? How old is the oldest card and what's your highest limit? I curious now and trying to figure out what this is going towards.

Congrats on the approval!

The OP's cards and limits are in his siggy. You can average out his card approvals against 300 plus inquiries. He said he has 100 plus on each CRA.

Message 27 of 37
Scott2696
Established Contributor

Re: BB&T Spectrum Rewards

My cards are listed as to what I have on each message.  1. I just like seeing the word approval pop up. 2.  I just like testing creditors to see how many approvals I can get with as many inquiries as I can get.  Just a feeling I have, that it's really in the score you have vs the inquiries you have. 

 

EQ 669, TU 679, EX 679. Navy Signature Go Rewards 15K, Navy Signature Cash Rewards 16K, Navy AX Rewards 14.4K, Navy CLOC 15K, Navy Mortgage 120K, Navy ATV Loan 14,990K, FLCU Auto 48.7K, FLCU Visa 7.5K, FLCU Visa 1K, AFCU 5K, AFCU Line of Credit 4K, John Deere 15K, Suncoast TB Rays Cash Rewards 6K, Cap1 QS 5K, USAA Rate Advantage 5K, USAA AX Card 9K, State Farm Rewards 2.5K, Paypal Credit 2.8K, Cabela's 2K, Chevron & Texaco Visa 6K, BMO Harris Bank 1.5K, BOA Bass Pro 1.5K, 5/3 Stand up to cancer 4.5K, 5/3 Truly Simple 4K, 5/3 Trio 4K, Amazon Store Card 5K, Lowes 17K, TBFCU 5K, BBT Spectrum 4.5K, BBT Bright 3.5K, BBT Bright 4.5K, Banco Do Brasil Americas 4.2K, Kays Jewerly 2K, AX Green Charge, AX Delta Gold 1K, Morgan Auto Group 1.6K, Kohls 700.
Message 28 of 37
TheVig
Regular Contributor

Re: BB&T Spectrum Rewards

Was the approval Instant? Or did you have wait a few days for a decision?
Message 29 of 37
donny10
Senior Contributor

Re: BB&T Spectrum Rewards


@Scott2696 wrote:

My cards are listed as to what I have on each message.  1. I just like seeing the word approval pop up. 2.  I just like testing creditors to see how many approvals I can get with as many inquiries as I can get.  Just a feeling I have, that it's really in the score you have vs the inquiries you have. 

 


The OP does this as a hobby. I'm guessing Scott is trying to reach a thousand inquiries and several approvals showing it can be done. Each to their own. Rock on Scottie!

Message 30 of 37
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