Plan for 2013 - considering app spree?

[CruzImperial]

Good morning myfico, 2012 has been a year of great development for my credit profile. Just 6 months ago, in my last app spree, I got all the cards I applied for and have since maintain them in good standing with low util of about 10%.

Here is a description of my profile:

- I currently have all the cards in my siggy, no baddies.

- Oldest tradeline 50 months and AAOA: 1 year.

- 25% high util because of the holiday season.

- 2 Deferred Student Loans for a total of about 7K, I currently owe about 4K on them.

- Total INQs: 6 EX, 5 EQ, 7 TU

- 6-months old INQs: 1 EX, 1 EQ, 5 TU

- Total INQs in March 2013: 2 EX, 2 EQ, 5 TU

For this year, I want to mainly get the CSP, US Bank Cash + and Fidelity Amex.

I will pay down the balances of my cards by aprox 7% util a month. By March, I will have once again about 10% util and few inqs in EX and EQ and maybe a 725 score across the board.

The Plan:

I want to get the CSP so bad and also a Freedom with the same pull wouldn't be bad. I have checkings with them so maybe the Trifecta works.

I do want to get another amex to help the aaoa but I find that no card besides the bcp I already have interests me at this point. Maybe the HHonors?

Also, the US Bank Cash + is a must for me, how strict is their approval criteria? AAOA is not the best but I do have experience with several 5K+ CLs.

In addition, if I can get the Fidelity Amex for all other expenses that don't get me more than 1% rewards, I would literarily be set and done. Any toughts on this? 

Any imput is appreciated! 

[bichonmom]

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@CruzImperial wrote:

Good morning myfico, 2012 has been a year of great development for my credit profile. Just 6 months ago, in my last app spree, I got all the cards I applied for and have since maintain them in good standing with low util of about 10%.

Here is a description of my profile:

- I currently have all the cards in my siggy, no baddies.

- Oldest tradeline 50 months and AAOA: 1 year.

- 25% high util because of the holiday season.

- 2 Deferred Student Loans for a total of about 7K, I currently owe about 4K on them.

- Total INQs: 6 EX, 5 EQ, 7 TU

- 6-months old INQs: 1 EX, 1 EQ, 5 TU

- Total INQs in March 2013: 2 EX, 2 EQ, 5 TU

For this year, I want to mainly get the CSP, US Bank Cash + and Fidelity Amex.

I will pay down the balances of my cards by aprox 7% util a month. By March, I will have once again about 10% util and few inqs in EX and EQ and maybe a 725 score across the board.

The Plan:

I want to get the CSP so bad and also a Freedom with the same pull wouldn't be bad. I have checkings with them so maybe the Trifecta works.

I do want to get another amex to help the aaoa but I find that no card besides the bcp I already have interests me at this point. Maybe the HHonors?

Also, the US Bank Cash + is a must for me, how strict is their approval criteria? AAOA is not the best but I do have experience with several 5K+ CLs.

In addition, if I can get the Fidelity Amex for all other expenses that don't get me more than 1% rewards, I would literarily be set and done. Any toughts on this? 

Any imput is appreciated! 

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Depending on how far your Amex will backdate, it might be worth it, even if you don't use the card much. With your AAoA of just a year, new CCs are going to drop it even further. You might want to get an Amex green, so you'll have a charge in the mix and help your aaoa. Also, unless you are a Costco member, I think it's the lowest AF, but I'm not entirely sure ( and you already have a Blue).

if it were me, my main concern would be the hit to my AAoA with 3 new CCs on a 1-yr AAoA. That is actually what has stopped me from getting some store cards - I look at my short AAoA and don't want it to go any lower.

[kevinjjc]

The Barclays Priceline Rewards Visa is another 2% everything card you should also consider.