I went into the Garden in May 2019 to prepare for a potential home purchase in June 2020. My timetable got moved up and I got preapproved for a home in February 2020 and closed on my new home on April 14th. (VA Loan through Veterans United) Knowing I'd need to make some purchases for my new home and pay some moving expenses, I acquired the following new cards:
Discover It #2 - $3K
Amazon Prime Rewards Sig VISA - $10.5K
Amex EveryDay - $18K
FCCU Platinum VISA CLI $14K-->$20K
Regions Life VISA - $10K
BB&T Bright VISA - $7.5K
Langley FCU Cash Rewards Sig VISA - $15K
PenFed Gold VISA - $17.5K
Alliant CU Platinum VISA - $10K
RBFCU Premier Rate MC - $2K
Yes, I know that's a LOT of activity over a relatively short time. I have been with several of these lenders (Discover, Amex, Chase, PenFed, FCCU) for many years and have a good history with them.
I did have a small savings account with BB&T and had savings and checking with RBFCU prior to applying for credit with them.
Langley and Alliant are new CU memberships I opened for the purpose of applying for their credit products.
With my first mortgage payment due June 1st and all of these new accounts (several already reporting), I am done for a while. I did join some other banks and credit unions with an eye toward products next year. I did not hit up every Bank/CU I have accounts with, so I'll look to them next year as well.
Please don't think I'm advocating for anyone to "do as I do." We all take in information and then make decisions we think are right for us. Some work, some don't, but sharing information at least makes our decisions somewhat "informed." And remember, all of our files are different and the variables involved are sometimes too numerous to list, so your experiences may significantly differ from my own.
@ttulaw Super Congrats on your new home purchase and all of your approvals!
And veteran to veteran, Thank You for your service!!!
Congrats quite a haul.. No denials at all during spree? If so quite impressive in short time period
I do have one alibi, I applied for the ABOC Platinum Rewards MC on 4/15/20. Apparently they do not do instant approvals and all get manually reviewed. I called about a week after application and was told it normally takes 30 days for manual reviews to be completed and the result is mailed USPS, no email. I'll have to update that when I hear something, so for now it's still "pending."