Credit Card Sequences 2024?

[SouthJamaica]

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@vermontcred wrote:

Curious on what everyones favorite credit card sequence is in 2024?

Has anyone gotten more than 200k?

I have heard of people getting 500k+

Curious on best banks/business credit cards you used to get best success.

Thanks in advance.

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I don't think in terms of sequences, or large limits. I think in terms of slowly growing and improving one's credit availability, based upon what one's credit needs are.

Down thread you seem to be indicating that your primary need is to buy real estate for business purposes. I was not even aware that you could buy real estate with credit cards.

[vermontcred]

Yes there are certain services that you can use to send credit card payments and they will convert to a wire/ACH to the lender.

Whether you're buying a fix & flip or a down payment on a property, both can be done.

[NoMoreE46]

Are you asking card application strategies  for personal, business or both?

[vermontcred]

Mainly for business credit cards that offer 0% intro for 6-18 months.

[ChargedUp]

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@vermontcred wrote:

Hi ChargedUp, here is my current set up. Nice cards as well!

816 Transunion, 796 Experian, 782 Equifax and 4% utilization.

For inquiries Experian (5), Transunion (4), Equifax (3).

The majority of recent inquiries if from my car and mortage and no credit cards.

I have around 63k in personal and 90k in business cards.

My average age is low at 4.4, so my game plan is to get some AU as well.

What relationships do you think I should focus on or what new banks would I have a good chance of getting approved for large business credit lines with 0% intro?

Vermont Federal Credit Card	12		$1,000
Capital One Platinum	7		$2,050
Capital One Silver	5		$1,250
Credit One Platinum	4.3		$550
Chase Sapphire Preferred	3		$9,500
Barclays Jetblue	2.2		$4,400
Discover IT	2.2		$12,000
Bank Of America Unlimited Cash	2.2		$6,500
Elan (People United)	2.2		$2,700
Penfed FCU Gold	2.2		$10,000
Apple Card	2.1		$12,250

Business Credit Cards

Chase Business Unlimited	2.2		$9,000
Capital On Tap	2.2		$15,000
Keybank Business Rewards	2.2		$20,000
Keybank LOC	2.2		$20,000
Univest Visa Business Card	2.2		$8,000
Chase Business Unlimited	0.1		$18,000

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Honestly I'd work on growing what you have already. As far as biz cards, I'd look to BoA, Elan, Citizens or Amex. How old is the business and are you apping as a sole proprietor or with an EIN/D&B number? LLC? Corp? Simple online storefront like Ebay or Etsy? Just a tip, if you're mostly looking for biz credit advice, you should make a post in that forum.

On the personal side, you're likely going after too many cards at once (unless your income is low). Your scores are great so there's something else going on that is making lenders a little on the nervous side when it comes to your SL's.  With your scores, I'm assuming no derogs are present. You have a 12 year old credit card with only a $1K limit? Have you tried for a CLI there? I'd work on getting Elan, BoA, VFCU, and Barclays up to at least $10K before apping for anything else. (The Cap One cards are likely bucketed, so don't waste time on them.) I'd also ditch the Credit One card already.

Keep in mind that not just Chase, but Barclays will also dish out the AA if you look like you're credit seeking.

[vermontcred]

Awesome, thanks.

I am having trouble locating that forum.

As far as the VFCU card, it requires a hard inquiry but I may do it and try.

I was thinking about Capital One Venture X, but my limits on Capital One personal aren't high.

What do you mean by bucketed?

I have 2 different businesses, revenue is around 500k and personal income 130k.

One business is brand new and other is 2 years old.

For a lot of those lower limit cards my credit was low at around low 600s and income was low.

Now my income is higher and credit is high.

[CreditCuriosity]

Another thing to consider also is some lenders and inquiry sensitive vs. new account sensitive if not already also brought up such as Us Bank and Citi come to mind if they pull a CRA and you have a few fulls and not even approvals one can easily be denied for this reason as well.  Not sure if that was brought up above as have a headache and just skimmed through

[vermontcred]

Is there a number of inquiries where Citi and US bank would typically deny? 

I did hear these are inq sensitive.

[CreditCuriosity]

Citi is something like 1 in 3 months and US bank is something like 2 in 12 months althogh no SET rules that anyone can really pin down on those lenders just guesses nothing like the hard 5/24 rule that I am aware of that is a known fact unless the magical green check mark from chase to get around it other than cards not included like Amazon by chase.

[BuckyB]

So I actually searched Youtube for "credit card sequencing" based upon this thread (never heard of it before) and it seems pretty hilarious.

(As an aside, why is it that every single youtube credit "guru" has what's known as a "punchable face?"  I don't understand.  Maybe it's because they try to "hack" youtube by putting up thumbnails of themselves making ridiculous expressions in front of headlines that say "Get $500 million in business credit in 15 minutes!  No business required!!!!!111")

Anyway, the first video that seemed even remotely watchable was some sumo-looking guy holding a stack of money for some reason and saying that the object of opening "20-30" credit cards at one time was to get as many signup bonuses as possible and then "profit."  Even if one were somehow able to get approved for that many cards at once, how could anyone spend enough money to hit 20-30 cards' spending requirements in the pursuit of 20-30 SUBs?  Please enlighten me. (And yes I know about so-called "manufactured spending."  Here's a hint: it doesn't work, at least not for long. Do you really think multi-billion-dollar companies are going to fall for that one?)

Besides, if anyone has that much money, is he really going to be watching Gen Zero youtubers who are barely old enough to grow a beard advising him on financial strategies?  Probably not!

This all screams scam to me.  The sad part is they're going to run lots of young gullible schmoes into the poorhouse before all is said and done.