Quad Apps - too much?

[Themanwhocan]

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@lg8302ch wrote:

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@Themanwhocan wrote:

The Sallie Mae gets more rewards than a BCE, under all spending patterns. And if you consistently exceed $250 monthly spend on either Grocery or Gas Station purchases, you can always wait 6 months and apply for a second Sallie Mae card.

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wow.... you can have two Sallie Mae cards ??  You really have done an excellent job with your cash back strategy

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I do what I can.

[nj23]

Ok, My new planned App Spree, with app order: (Please make any comments if applicable)

Discover IT
Barclays Sallie Mae (kind of thinking of app'ing for this one now Since I'm at TU 744 and a few more points won't make a difference, and no one looks at TU other than Barclays anyway)

Chase Freedom

Bank Americard Cash Rewards

Thanks 

[Creditaddict]

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@nj23 wrote:

Ok, My new planned App Spree, with app order: (Please make any comments if applicable)

Discover IT
Barclays Sallie Mae (kind of thinking of app'ing for this one now Since I'm at TU 744 and a few more points won't make a difference, and no one looks at TU other than Barclays anyway)

Chase Freedom

Bank Americard Cash Rewards

Thanks 

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Sure

[Themanwhocan]

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@nj23 wrote:

Ok, My new planned App Spree, with app order: (Please make any comments if applicable)

Discover IT
Barclays Sallie Mae (kind of thinking of app'ing for this one now Since I'm at TU 744 and a few more points won't make a difference, and no one looks at TU other than Barclays anyway)

Chase Freedom

Bank Americard Cash Rewards

Thanks 

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App-ing for Barclays first is OK. However, Barclay is good about updating the credit bureas quickly. So if there is a delay between the Barclay app and others, then all the others will see the new tradeline on whatever bureau(s) they pull. And that will affect the Fico score from those bureas as well.

Probably best to do them all at once.

[myjourney]

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@nj23 wrote:

Ok, My new planned App Spree, with app order: (Please make any comments if applicable)

Discover IT
Barclays Sallie Mae (kind of thinking of app'ing for this one now Since I'm at TU 744 and a few more points won't make a difference, and no one looks at TU other than Barclays anyway)

Chase Freedom

Bank Americard Cash Rewards

Thanks 

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I would make Barclay first and Discover has been also known to look at TU depending on the region

[nj23]

Thanks for the advice, I will hold off and do all at once and start with Barclay's.  

I am going to keep an eye on AMEX BCE in case they have a better offer by the time I app - It kind of seems like the Bank Americard Cash Rewards and BCE aren't all that different.  One thing that seems appealing about AMEX is the CL/CLIs.  I'm looking to get the largest credit lines I can.  My income is about 55k, so I'm not expecting gigantic limits, but I've seen people (a couple around these forums) with less income get pretty large limits.

[Anonymous]

Dont think so. I did a Quint

Walmart, Best Buy, - Friday

Amazon - Saturday

Amex - Tuesday

Citi DP - Wedsneday.

approved for all. I have commited to no more for the next two years or until a house. I have all the cards i need now

[Anonymous]

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@nj23 wrote:

Thanks for the advice, I will hold off and do all at once and start with Barclay's.  

I am going to keep an eye on AMEX BCE in case they have a better offer by the time I app - It kind of seems like the Bank Americard Cash Rewards and BCE aren't all that different.  One thing that seems appealing about AMEX is the CL/CLIs.  I'm looking to get the largest credit lines I can.  My income is about 55k, so I'm not expecting gigantic limits, but I've seen people (a couple around these forums) with less income get pretty large limits.

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Why?  IMO, this focus is wrong.  You should go for what maximizes your return.  Now if you need to transfer a balance, or are always carrying a balance (and want to reduce util), or need to make a large purchase, then maybe getting a large CL is worthwhile.  But in other cases a large CL has no real value, whereas getting good rewards does.

[stillirise]

I dunno...

I like the higher limits to keep the utilization down. You have some pretty serious limits there yourself. I cant imagine a 42k limit in my lifetime. Awesome job!

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@Anonymous wrote:

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@nj23 wrote:

Thanks for the advice, I will hold off and do all at once and start with Barclay's.  

I am going to keep an eye on AMEX BCE in case they have a better offer by the time I app - It kind of seems like the Bank Americard Cash Rewards and BCE aren't all that different.  One thing that seems appealing about AMEX is the CL/CLIs.  I'm looking to get the largest credit lines I can.  My income is about 55k, so I'm not expecting gigantic limits, but I've seen people (a couple around these forums) with less income get pretty large limits.

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Why?  IMO, this focus is wrong.  You should go for what maximizes your return.  Now if you need to transfer a balance, or are always carrying a balance (and want to reduce util), or need to make a large purchase, then maybe getting a large CL is worthwhile.  But in other cases a large CL has no real value, whereas getting good rewards does.

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[One7]

I say do it! I've apped for multiple cards a few times and has been great, they will all age together and your chances (going off your scores) are excellent.