Chase discussion

[physicist82]

I need to think about something else other than the fact that we our past our financing deadline on the house we are purchasing as of yesterday and we haven't heard from any of our financing people since half way through the day yesterday so I have been contemplating which 2 Chase cards we should apply for once we are closed (knock on wood) before the mortgage starts reporting. 

I was comparing 5 cards on their site. 

CSP

Freedom

Marriot 

Amazon

Hyatt

The airline ones are useless to us, we fly for free. The other hotels I could care less about. 

Are the Marriot or Hyatt only worth it if you only stay in those chains and frequently? The Marriot peaked my interest because of the bonus and the free night each year, but if you earn most of your points after the bonus by staying at Marriot hotels then it would take forever for us to earn any rewards. If you have the CSP coupled with the Marriot card is it better? Same question with the Hyatt card. Obviously free stays outweigh the annual fee most of the time, but if you can only earn rewards by staying at those hotels then it wouldn't do us much good.

Amazon I just threw in there because. We do a lot of our Christmas shopping on there (but the Freedom would cover that) and I buy my textbooks on there.

Would the CSP be coupled well with one of the 2 hotel cards or would it be redundant? I know about the Freedom/CSP benefit by converting the Freedom CB into UR points to use on travel, but I don't know if any of the other cards combine with CSP well. 

Also what kind of spending do you have to put through CSP once the annual fee kicks in to make it worth it. 

Which 2 would be the easiest to get ahold of. 

Mortgage pulls: Ex 611, TU 734, EQ 727

AAoA: 5 years

Oldest closed acct 14 yrs 

Oldest open acct 9 yrs 

Car loan 330/mon since Aug 2013

2 best buy cards 0/1000 and 845/1000

1 chase (old WAMU) 3300/3500

3 cap1 0/2000, 0/1000, 600/1000

Care credit 0/2200

Discount Tire 0/500

Person applying income 50k

No late pymts, no derogs, no collect ( except 1 paid collection on EX as you can see by the diff in the scores)

We'd really like to secure some nice cards that will grow with us while the scores are decent right now. Oh and at the end of Aug we plan on paying off Chase and the Cap1 so the only one with a bal will be the Best buy one because its 0 interest until next yr.

Some of our other goals are to get the 2 best buy cards combined if Citi will let us and an increase so that if we buy something it won't kill our util on it (like a fridge), to get the GE cards increased just because, and if we get a good chase card or 2 we would want to eventually move some of the line of our old one over to 1 of those. We would have liked to have added an AMEX but that won't happen with the Ex score, but we would like the Discover it in the mix for the 5% categories. We also intend on closing at least 1 of the Cap1 (we never intended on having 3 but 1 was bought out from HSBC). We are also considering Home Depot or Lowes for stuff around our new house that we need but the others would be a priority over that. 

Any thoughts, ideas, tips on which ones aren't worth the trouble or which ones we should apply for first if we are going to do this all within a week or so? Any discussion at all would be better than thinking about my nightmare of a mortgage process.

[wacdenney]

Freedom and CSP make a good pairing. 

I can tell you that Chase seems to give higher limits each time you get a new card.  They do when the apps are stretched out it seems anyway.  Not sure if that applies to applying for 2 at the same time.

[coldnmn]

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@wacdenney wrote:

Freedom and CSP make a good pairing. 

I can tell you that Chase seems to give higher limits each time you get a new card.  They do when the apps are stretched out it seems anyway.  Not sure if that applies to applying for 2 at the same time.

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+1 but you have to get your utilization down. Utilization is figured on individual cards as well as total cards.

[bigblue7722]

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@physicist82 wrote:

I need to think about something else other than the fact that we our past our financing deadline on the house we are purchasing as of yesterday and we haven't heard from any of our financing people since half way through the day yesterday so I have been contemplating which 2 Chase cards we should apply for once we are closed (knock on wood) before the mortgage starts reporting. 

I was comparing 5 cards on their site. 

CSP

Freedom

Marriot 

Amazon

Hyatt

The airline ones are useless to us, we fly for free. The other hotels I could care less about. 

Are the Marriot or Hyatt only worth it if you only stay in those chains and frequently? The Marriot peaked my interest because of the bonus and the free night each year, but if you earn most of your points after the bonus by staying at Marriot hotels then it would take forever for us to earn any rewards. If you have the CSP coupled with the Marriot card is it better? Same question with the Hyatt card. Obviously free stays outweigh the annual fee most of the time, but if you can only earn rewards by staying at those hotels then it wouldn't do us much good.

Amazon I just threw in there because. We do a lot of our Christmas shopping on there (but the Freedom would cover that) and I buy my textbooks on there.

Would the CSP be coupled well with one of the 2 hotel cards or would it be redundant? I know about the Freedom/CSP benefit by converting the Freedom CB into UR points to use on travel, but I don't know if any of the other cards combine with CSP well. 

Also what kind of spending do you have to put through CSP once the annual fee kicks in to make it worth it. 

Which 2 would be the easiest to get ahold of. 

Mortgage pulls: Ex 611, TU 734, EQ 727

AAoA: 5 years

Oldest closed acct 14 yrs 

Oldest open acct 9 yrs 

Car loan 330/mon since Aug 2013

2 best buy cards 0/1000 and 845/1000

1 chase (old WAMU) 3300/3500

3 cap1 0/2000, 0/1000, 600/1000

Care credit 0/2200

Discount Tire 0/500

Person applying income 50k

No late pymts, no derogs, no collect ( except 1 paid collection on EX as you can see by the diff in the scores)

We'd really like to secure some nice cards that will grow with us while the scores are decent right now. Oh and at the end of Aug we plan on paying off Chase and the Cap1 so the only one with a bal will be the Best buy one because its 0 interest until next yr.

Some of our other goals are to get the 2 best buy cards combined if Citi will let us and an increase so that if we buy something it won't kill our util on it (like a fridge), to get the GE cards increased just because, and if we get a good chase card or 2 we would want to eventually move some of the line of our old one over to 1 of those. We would have liked to have added an AMEX but that won't happen with the Ex score, but we would like the Discover it in the mix for the 5% categories. We also intend on closing at least 1 of the Cap1 (we never intended on having 3 but 1 was bought out from HSBC). We are also considering Home Depot or Lowes for stuff around our new house that we need but the others would be a priority over that. 

Any thoughts, ideas, tips on which ones aren't worth the trouble or which ones we should apply for first if we are going to do this all within a week or so? Any discussion at all would be better than thinking about my nightmare of a mortgage process.

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You have nothing to lose by getting the marriott card. Take the 70k offer right now plus the free night cat 1-4 just for getting the card. After the first year free night cat 1-5 probably a 300 dollar value for 85 bucks not bad at all. And if need be you could transfer your csp points to marriott and get even more free nights.

[Kenny]

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@physicist82 wrote:

I need to think about something else other than the fact that we our past our financing deadline on the house we are purchasing as of yesterday and we haven't heard from any of our financing people since half way through the day yesterday so I have been contemplating which 2 Chase cards we should apply for once we are closed (knock on wood) before the mortgage starts reporting. 

Amazon I just threw in there because. We do a lot of our Christmas shopping on there (but the Freedom would cover that) and I buy my textbooks on there.

Any thoughts, ideas, tips on which ones aren't worth the trouble or which ones we should apply for first if we are going to do this all within a week or so? Any discussion at all would be better than thinking about my nightmare of a mortgage process.

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The Amazon stuff and really just gas/groceries I'd HIGHLY recommend the Sallie Mae credit card. It's worth it whenever you do decide to apply for a new card -- obviously, in conjunction with whatever else you choose.

[MT936]

The marriott pays for itself with the annual free night and the 70k offer is really good

[physicist82]

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@coldnmn wrote:

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@wacdenney wrote:

Freedom and CSP make a good pairing. 

I can tell you that Chase seems to give higher limits each time you get a new card.  They do when the apps are stretched out it seems anyway.  Not sure if that applies to applying for 2 at the same time.

---

+1 but you have to get your utilization down. Utilization is figured on individual cards as well as total cards.

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Yeah, I mentioned somewhere in my ramblings that we would at the least be paying off the chase balance and cap1 balance before applying, which would leave the best buy card because of 0 percent interest, but we could probably pay that one too.

[physicist82]

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@bigblue7722 wrote:

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@physicist82 wrote:

I need to think about something else other than the fact that we our past our financing deadline on the house we are purchasing as of yesterday and we haven't heard from any of our financing people since half way through the day yesterday so I have been contemplating which 2 Chase cards we should apply for once we are closed (knock on wood) before the mortgage starts reporting. 

I was comparing 5 cards on their site. 

CSP

Freedom

Marriot 

Amazon

Hyatt

The airline ones are useless to us, we fly for free. The other hotels I could care less about. 

Are the Marriot or Hyatt only worth it if you only stay in those chains and frequently? The Marriot peaked my interest because of the bonus and the free night each year, but if you earn most of your points after the bonus by staying at Marriot hotels then it would take forever for us to earn any rewards. If you have the CSP coupled with the Marriot card is it better? Same question with the Hyatt card. Obviously free stays outweigh the annual fee most of the time, but if you can only earn rewards by staying at those hotels then it wouldn't do us much good.

Amazon I just threw in there because. We do a lot of our Christmas shopping on there (but the Freedom would cover that) and I buy my textbooks on there.

Would the CSP be coupled well with one of the 2 hotel cards or would it be redundant? I know about the Freedom/CSP benefit by converting the Freedom CB into UR points to use on travel, but I don't know if any of the other cards combine with CSP well. 

Also what kind of spending do you have to put through CSP once the annual fee kicks in to make it worth it. 

Which 2 would be the easiest to get ahold of. 

Mortgage pulls: Ex 611, TU 734, EQ 727

AAoA: 5 years

Oldest closed acct 14 yrs 

Oldest open acct 9 yrs 

Car loan 330/mon since Aug 2013

2 best buy cards 0/1000 and 845/1000

1 chase (old WAMU) 3300/3500

3 cap1 0/2000, 0/1000, 600/1000

Care credit 0/2200

Discount Tire 0/500

Person applying income 50k

No late pymts, no derogs, no collect ( except 1 paid collection on EX as you can see by the diff in the scores)

We'd really like to secure some nice cards that will grow with us while the scores are decent right now. Oh and at the end of Aug we plan on paying off Chase and the Cap1 so the only one with a bal will be the Best buy one because its 0 interest until next yr.

Some of our other goals are to get the 2 best buy cards combined if Citi will let us and an increase so that if we buy something it won't kill our util on it (like a fridge), to get the GE cards increased just because, and if we get a good chase card or 2 we would want to eventually move some of the line of our old one over to 1 of those. We would have liked to have added an AMEX but that won't happen with the Ex score, but we would like the Discover it in the mix for the 5% categories. We also intend on closing at least 1 of the Cap1 (we never intended on having 3 but 1 was bought out from HSBC). We are also considering Home Depot or Lowes for stuff around our new house that we need but the others would be a priority over that. 

Any thoughts, ideas, tips on which ones aren't worth the trouble or which ones we should apply for first if we are going to do this all within a week or so? Any discussion at all would be better than thinking about my nightmare of a mortgage process.

---

You have nothing to lose by getting the marriott card. Take the 70k offer right now plus the free night cat 1-4 just for getting the card. After the first year free night cat 1-5 probably a 300 dollar value for 85 bucks not bad at all. And if need be you could transfer your csp points to marriott and get even more free nights.

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So if we wouldn't frequently pay for a Marriot stay unless we were getting a good deal then the Marriot card would have the best advantage if we had the CSP to transfer points to it? My main concern of the value for the Marriot is that you really only earn good points on it if you are using it to pay for a stay at Marriot. 

[physicist82]

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@MT936 wrote:

The marriott pays for itself with the annual free night and the 70k offer is really good

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Does the free night expire or does it rollover if you don't use it for the year? I was looking at their hotel locations last night and there are barely any cat 1 in any places we would most likely go. The biggest hit for places we would go was in Cat 3 I think.

[Creditaddict]

wiat, 611 EX? that is what chase pulls.