@Kostya1992 wrote:
@Revelate wrote:
@Kostya1992 wrote:Yeah but an HP is still an HP..
I rarely have HP problems and my EX inquiries are worth an order of magnitude more than my TU ones currently due the fact I have a lack of things I actually need from any of my existing TU pullers. I guess a Fidelity Amex CLI isn't a bad choice but would like to do better if possible.
Doesn't help to load EX and leave the other two mostly idle under my application methodology. Inquiries are overrated anyway to quote another member, and I never worry about short-term damage to my credit report and corresponding score unless I have a big ticket application coming up. Like now I'm as squeaky clean as I can get (background screening and two VZ stupid service inquiries on my reports), but post keys in hand with probably at least another 5 years on my car if not more and all the mortgage inquiries on my report anyhow? Be a waste not to take the spree hit right there and see if I can fix the few remaining gaps in my revolving portfolio, or in this case, long term financial portfolio.
It affects the APR of new cards more than anything though, which is what I hate. I like having all cards at lowest APR even though I don't carry balances.
@OP: My MSUFCU is 8.9% (f) no BT/CA fees, no rewards. Rewards would be 10.9% (f) at my tier - tier 1.
@Kostya1992: I definitely agree that I like lowest APRs available, but I like sign-up bonuses more 
@Kostya1992 wrote:
@Revelate wrote:
@Kostya1992 wrote:Yeah but an HP is still an HP..
I rarely have HP problems and my EX inquiries are worth an order of magnitude more than my TU ones currently due the fact I have a lack of things I actually need from any of my existing TU pullers. I guess a Fidelity Amex CLI isn't a bad choice but would like to do better if possible.
Doesn't help to load EX and leave the other two mostly idle under my application methodology. Inquiries are overrated anyway to quote another member, and I never worry about short-term damage to my credit report and corresponding score unless I have a big ticket application coming up. Like now I'm as squeaky clean as I can get (background screening and two VZ stupid service inquiries on my reports), but post keys in hand with probably at least another 5 years on my car if not more and all the mortgage inquiries on my report anyhow? Be a waste not to take the spree hit right there and see if I can fix the few remaining gaps in my revolving portfolio, or in this case, long term financial portfolio.
It affects the APR of new cards more than anything though, which is what I hate. I like having all cards at lowest APR even though I don't carry balances.
The inquiry damage isn't significant and I don't care about APR at all on the vast majority of my cards: I intend to pickup a balance carrying card or two.
Like I don't care about my limits on most of my rewards cards (all dependent on how much spending I'm putting through them) I pick specific cards for anytime I have to float a balance for whatever reason. The concept of carrying balances on all of my cards doesn't make a lot of sense to me, there's better financial vehicles for addressing that... and as such, I don't need to have the lowest possible APR (which often isn't very low anyway on a bunch of good rewards cards) on them.
If I get into so much financial trouble that I can't get a gig within my expected balance carrying limit (20K) with my usual burn rate then something traumatic has happened and my credit score is the least of my worries. That's also what a BK's for if there's no way I can make my financial life work if the obligations get too high... because under normal conditions, things just don't get that bad for me economically... may have to move across the country (again) but I can find a gig.
