I'm Addicted to applying for Cards

[Anonymous]

Don't worry, you're not addicted until you get 1497 credit cards like this guy has:

http://abcnews.go.com/GMA/WaterCooler/story?id=411883&page=1

[bodyboy1]

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@Anonymous wrote:

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@bodyboy1 wrote:

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@Anonymous wrote:

There's nothing wrong with being addicted to applying for cards.

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>   HA HA HA HA HA, LOL!!!   >  it's not funny!   in fact it's sad! ...  you are rite!  it's Wrong to act on that addiction and actually continue to apply for Cards,  less lone for cards/Accounts that you are Denied for..    whether you need or Want them.  you can be a credit card collector without Debt,  like Myself & others (Ron),    you can have a credit card junkie/ HOARDER like myself or others  who want something app for it & get it!   opposed to just apping for something to App!>   then it's time for Intervention or Mental help.   > Most of the time When a person Cries out,   (They Need help!)  

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I have went a little crazy.  But my scores have improved.  I still cant believe I have 25 inquiries.  That is ridiculous!

6/2013 care credit joint, approved $3k

9/2013 cap1 denied

4/2014 chase denied, disco denied, credit one approved

9/2014 commerce bank 2k visa approved

12/2014 1k cap1 qs approved

4/2015 amazon $850 approved

5/2015 $1200 sams approved, $5k amex ed approved

6/2015 2k delta approved, prg approved

7/2015 2k citi dc approved, chase hyatt denied, ihg 5k approved

9/2015 2.1k BOA amtrak approved jointly

10/2015 SP lenovo 4k approved, CU 3k visa approved

12/2015 2nd commerce approved, 1st commerce closed, limits combined

This tells me that things were going great around may/june.  But once I started the frenzy, my limits were held down.  Luckily I have some CLIs here and there.  BOA denial was a huge indicator. As well as Chase needing  recons.  But honestly with no need for any major loans, my credit was just wasting. I have done fairly well with points and bonuses to add to couponing.  I would not have anybody do this though unless they didnt need anything major too.  I am sure if I was not super OCD with my payments/balances this would not be the case!  Had I waited I am sure my starting limits with BOA/Chase/Citi would be much higher.

You wont get rich from credit cards that is for certain.  But they do make traveling nice.  I try to mix a little Ramsey and a little Orman.

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>   a little crazy!?   you should be very proud of yourself!   and just so you know > you are no Suzie Orman!    travel well, travel safe!

[Anonymous]

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@Anonymous wrote:

There's nothing wrong with being addicted to applying for cards.

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Using the word "addicted" suggests lack of impulse control, lack of discipline. Why not, instead, become "addicted" to fine-tuning one's credit strategy instead? Doing so makes it much easier to know the most auspicious times to app for new and/or better cards. 

[azguy13]

Part of me wants to tell OP to freeze his reports so he can't apply anymore. The other part of me thinks this is a setup for a credit repair company spiel. But in case this is real, here i what I suggest:

1.) Freeze reports 

2.) No longer look at the CC or CCA threads on this forum

3.) If all else fails, take a break from the forum altogether. It will not be the first nor the last time that happens. Many people get addicted to other people's approvals and then        their own. 

[Nova5041]

I have to agree, this forum does make you want to app sometimes, because you hear people's approval success, current promotions or huge sl by a card company. I had a huge problem when I first join this site, but since have calm down. Lol. Now I use pre-qualify and sp cli to control my app itch. Lol!

[Anonymous]

I have to admit..I've had the App in pulse since I joined and now I regret it bad! Imma just be addicted to watering my Garden and hopefully by the end of 2016 I can get a decent card!

[UncleB]

If this is 'for real' there's an easy solution... simply freeze your reports.  Otherwise, you'll find yourself not only having problems getting accounts when you actually need them, you'll possibly have your existing accounts impacted as well (i.e. AA).

As for your 'addiction', I like to say "when life gives you lemons, make lemonade..."  You can redirect that energy into getting better terms on your existing accounts (which by now are probably more than plenty).  By holding off on applying for new accounts you'll increase the chances your existing lenders will be willing to give you more favorable terms.

To me, I would much (much!) rather have a few accounts with really good terms than a box full of cards/accounts with super high interest rates and low credit limits... but that's just me. 

[Mantis350]

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Ryanbob57 wrote:
I don't know what's wrong with me.... I've applied for 15 cards within the last week I even apply for cards that I know I'm not gonna be approved for!?

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Eh...I guess it's better than heroin.  As long as you go into it fully knowing the potential damage you are doing to your report then more power to ya. Maybe you can keep going until your report starts getting flagged for suspicion of fraud.  All I know is that this isnt somthing you will ever look back on and be glad you did.  I know I know I fed the troll.  Especially since he hasnt even replied but at least this will help with my post count. 

[Anonymous]

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@UncleB wrote:

If this is 'for real' there's an easy solution... simply freeze your reports.  Otherwise, you'll find yourself not only having problems getting accounts when you actually need them, you'll possibly have your existing accounts impacted as well (i.e. AA).

As for your 'addiction', I like to say "when life gives you lemons, make lemonade..."  You can redirect that energy into getting better terms on your existing accounts (which by now are probably more than plenty).  By holding off on applying for new accounts you'll increase the chances your existing lenders will be willing to give you more favorable terms.

To me, I would much (much!) rather have a few accounts with really good terms than a box full of cards/accounts with super high interest rates and low credit limits... but that's just me. 

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Deer god YES! Excellent advice. I have channeled this app itch many many times into slightly different things!  CLIs, APR reductions, high yield savings, coupons, etc. You name it!  

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

There's nothing wrong with being addicted to applying for cards.

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Using the word "addicted" suggests lack of impulse control, lack of discipline. Why not, instead, become "addicted" to fine-tuning one's credit strategy instead? Doing so makes it much easier to know the most auspicious times to app for new and/or better cards. 

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I was addicted to apping for cards a year ago, but the addition has worn off. Now I have a card from most credit card companies with great than $15K exposure each and my inquiries are slowly falling off. I guess the OP wants to become addicted to success? I dunno.