@SunriseEarth wrote:
@Anonymous wrote:+1 haha I would like to read CreditAddict's response as well.
Side Note: I actually applied for the Amazon.com Chase Card, got approved with a 2,500 Limit and got a $70 gift card. I opened it for the sole purpose for purchases on Amazon.
My next card is definitely going to be the Sallie Mae Card. But my question is I have recently applied for 3 new credit cards and got approved for all 3 (Citi Thank You Preferred, Citi Double Cash, Amazon.com Chase) my CK score right now is 740. I expect it go down a bit from these 3 new cards. How long should I wait until I apply for the Sallie Mae card? I was thinking 6-8 months from now. What do you guys think?
I think that's a very prudent observation and a great plan. Anecdotally, Barclay's can be apprehensive about too many new accounts at once. In 6 months, the affect of the INQs on your scores will largely dissipate and your accounts will have aged someone in that time period. If you can wait at least 6 months, it's a great idea.
Thanks so much for affirming my plan and providing me with your insight 
Are you looking to apply for the card as well?
@Anonymous wrote:
@SunriseEarth wrote:
@Anonymous wrote:+1 haha I would like to read CreditAddict's response as well.
Side Note: I actually applied for the Amazon.com Chase Card, got approved with a 2,500 Limit and got a $70 gift card. I opened it for the sole purpose for purchases on Amazon.
My next card is definitely going to be the Sallie Mae Card. But my question is I have recently applied for 3 new credit cards and got approved for all 3 (Citi Thank You Preferred, Citi Double Cash, Amazon.com Chase) my CK score right now is 740. I expect it go down a bit from these 3 new cards. How long should I wait until I apply for the Sallie Mae card? I was thinking 6-8 months from now. What do you guys think?
I think that's a very prudent observation and a great plan. Anecdotally, Barclay's can be apprehensive about too many new accounts at once. In 6 months, the affect of the INQs on your scores will largely dissipate and your accounts will have aged someone in that time period. If you can wait at least 6 months, it's a great idea.
Thanks so much for affirming my plan and providing me with your insight
Yes, Sallie Mae is one of my goal cards for 2015! I have a settled CO that is due to fall off in May/June of next year. My Ch 7 BK is due to fall off in October. I may wait until my CRs are clear of both of these before I attempt, but certainly at least clear of the CO.
@SunriseEarth wrote:
@Anonymous wrote:
@SunriseEarth wrote:
@Anonymous wrote:+1 haha I would like to read CreditAddict's response as well.
Side Note: I actually applied for the Amazon.com Chase Card, got approved with a 2,500 Limit and got a $70 gift card. I opened it for the sole purpose for purchases on Amazon.
My next card is definitely going to be the Sallie Mae Card. But my question is I have recently applied for 3 new credit cards and got approved for all 3 (Citi Thank You Preferred, Citi Double Cash, Amazon.com Chase) my CK score right now is 740. I expect it go down a bit from these 3 new cards. How long should I wait until I apply for the Sallie Mae card? I was thinking 6-8 months from now. What do you guys think?
I think that's a very prudent observation and a great plan. Anecdotally, Barclay's can be apprehensive about too many new accounts at once. In 6 months, the affect of the INQs on your scores will largely dissipate and your accounts will have aged someone in that time period. If you can wait at least 6 months, it's a great idea.
Thanks so much for affirming my plan and providing me with your insight
Yes, Sallie Mae is one of my goal cards for 2015! I have a settled CO that is due to fall off in May/June of next year. My Ch 7 BK is due to fall off in October. I may wait until my CRs are clear of both of these before I attempt, but certainly at least clear of the CO.
I had/still have two unsettled, unpaid C/O's (due to fall off ~mar 2015), one paid C/O and was approved after several recon sessions.
BK might push them away a little more though :/ Good plan.
@vpae wrote:For some reason I thought this was a question directed towards CreditAddict
I honestly thought the same thing.
@Anonymous wrote:How Many Is Too Many?
That's a very common topic (don't overlook the prior discussions). Too many is whatever is more than what you can reasonably manage.
@Anonymous wrote:Any suggestions/opinions would be appreciated
You need to specify what you're looking for. Do you have spend that isn't being covered in terms of rewards by your existing cards? Are you looking for specific benefits?
@Anonymous wrote:I was thinking of adding the Amazon Chase Card and BarclayCard Rewards MC or Bank Of America Travel Rewards but not sure if they are really necessary with the cards that I have.
If you're not sure then you need to crunch the numbers. Do the math and you'll see what you stand to gain in rewards on those cards.
@takeshi74 wrote:
@Anonymous wrote:How Many Is Too Many?
That's a very common topic (don't overlook the prior discussions). Too many is whatever is more than what you can reasonably manage.
@Anonymous wrote:Any suggestions/opinions would be appreciated
You need to specify what you're looking for. Do you have spend that isn't being covered in terms of rewards by your existing cards? Are you looking for specific benefits?
@Anonymous wrote:I was thinking of adding the Amazon Chase Card and BarclayCard Rewards MC or Bank Of America Travel Rewards but not sure if they are really necessary with the cards that I have.
If you're not sure then you need to crunch the numbers. Do the math and you'll see what you stand to gain in rewards on those cards.
I actually applied for the Amazon Card yesterday and got approved with a credit limit of 2,500! I'm more or less looking for a good travel rewards card without an annual fee and many also have suggested the Sallie Mae card, so I'm looking to apply for that in the next 6-8 months since I just recently applied for 3 cards around the same time.
@SunriseEarth wrote:
@Anonymous wrote:
@SunriseEarth wrote:
@Anonymous wrote:+1 haha I would like to read CreditAddict's response as well.
Side Note: I actually applied for the Amazon.com Chase Card, got approved with a 2,500 Limit and got a $70 gift card. I opened it for the sole purpose for purchases on Amazon.
My next card is definitely going to be the Sallie Mae Card. But my question is I have recently applied for 3 new credit cards and got approved for all 3 (Citi Thank You Preferred, Citi Double Cash, Amazon.com Chase) my CK score right now is 740. I expect it go down a bit from these 3 new cards. How long should I wait until I apply for the Sallie Mae card? I was thinking 6-8 months from now. What do you guys think?
I think that's a very prudent observation and a great plan. Anecdotally, Barclay's can be apprehensive about too many new accounts at once. In 6 months, the affect of the INQs on your scores will largely dissipate and your accounts will have aged someone in that time period. If you can wait at least 6 months, it's a great idea.
Thanks so much for affirming my plan and providing me with your insight
Yes, Sallie Mae is one of my goal cards for 2015! I have a settled CO that is due to fall off in May/June of next year. My Ch 7 BK is due to fall off in October. I may wait until my CRs are clear of both of these before I attempt, but certainly at least clear of the CO.
Good luck! I hope we both get it