This is also my same strategy for the coming year. Using the Disco for 3 months @ 5% will insure I don't go over the $8000 cap for 4% gas and 3% dining for the year.
@Anonymous wrote:
I love my Pnc and of course Discover 5% Cashback 3 months out of the year with their rotating categories
The Wells Fargo Propel is HP for CLI’s is that correct? I was planning on getting this card at the end of the year for 3x on gas and streaming services. If it’s gonna be HP’s for CLI’s then I’ll pass on it.
I tend to agree if you know (or reasonably suspect) you'll get a good SL. My BBVA card is my highest CL and it requires HP's for CLI's - but I did know my SL was going to be $15K+ before I app'd. That said, I'd hate to get a $1000 SL card and have to use a HP's to make it grow.
@Anonymous wrote:
@soxfaininfl wrote:
The Wells Fargo Propel is HP for CLI’s is that correct? I was planning on getting this card at the end of the year. If it’s gonna be HP’s for CLI’s then I’ll pass on it.I would advise people in general to reconsider that as a rejection reason. Sure, if everything else is equal, maybe. But if a card has good features, and the SL is adequate, you never need to ask for a CLI. Cards really don't need to "grow"!
I can only speak for myself, but besides my mortgage, all of my credit accounts have all been opened in the last 2 years. HP's from 2 auto loans, and 7 credit cards are all still on my file, and since we paid for cash for everything besides my house for 15 years, my AAoA is less than 2 years old. If not for my 18 year old mortgage, it would be less than 8 mos. With that said, I'm trying to be very selective with HP's until at least late 2020, when a lot of them fall off. Some of my goal cards will most likely require a profile with a lot less HP's than I currently have, and most of them require HP CLIs as well, so at least for now, I'd pass on most cards with HP CLI's, except for ones like my BBVA card when I knew the SL was good enough to justify getting it. I won't even ask for a CLI on that card until 2021. I'll continue to put a bunch of spend through my Disco, BCP, PPMC, and PNC cards and try to grow them with SPs.
@Anonymous wrote:
@JNA1 wrote:I tend to agree if you know (or reasonably suspect) you'll get a good SL. My BBVA card is my highest CL and it requires HP's for CLI's - but I did know my SL was going to be $15K+ before I app'd. That said, I'd hate to get a $1000 SL card and have to use a HP's to make it grow.
@Anonymous wrote:
@soxfaininfl wrote:
The Wells Fargo Propel is HP for CLI’s is that correct? I was planning on getting this card at the end of the year. If it’s gonna be HP’s for CLI’s then I’ll pass on it.I would advise people in general to reconsider that as a rejection reason. Sure, if everything else is equal, maybe. But if a card has good features, and the SL is adequate, you never need to ask for a CLI. Cards really don't need to "grow"!
My thought in such a case, if HPs are an issue, is to cut losses. So you have the inq and new account hit, but it will be horrible to use an HP and get say just another 1K CLI.
