Sallie Mae: How long should I wait?

[Brusilov]

Holy crap, Themanwhocan, is there anything you buy you don't get 5% on? 

[Anonymous]

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@Brusilov wrote:

Holy crap, Themanwhocan, is there anything you buy you don't get 5% on? 

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He doesn't have the Blue Cash, so no 5% on drug stores.

[Themanwhocan]

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@Anonymous wrote:

OT, but: TMWC, why don't you have two Freedoms!

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Actually, I keep asking myself why I have ONE freedom. I don't need it anymore. But then the phrase "$200 signup bonus" comes to mind...

Still, I'm sorely tempted to close it. Restaurants i can use one Cash+ for, 4th quarter amazon.com, heck I have 3 other cards that cover than in the 4th quarter. And I dont buy gas...

[Themanwhocan]

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@Anonymous wrote:

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@Brusilov wrote:

Holy crap, Themanwhocan, is there anything you buy you don't get 5% on? 

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He doesn't have the Blue Cash, so no 5% on drug stores.

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Drugstores is an important one. Also possibly Target, since a new tiny prototype Target store is being built near me (a TargetExpress).

But I also don't get 5% on Cell Phone, Cable TV and Internet.

I only started applying for my first unsecured cards in january 2013. So I'm a newbie at this.

[myjourney]

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@Themanwhocan wrote:

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@Anonymous wrote:

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@Brusilov wrote:

Holy crap, Themanwhocan, is there anything you buy you don't get 5% on? 

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He doesn't have the Blue Cash, so no 5% on drug stores.

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Drugstores is an important one. Also possibly Target, since a new tiny prototype Target store is being built near me (a TargetExpress).

But I also don't get 5% on Cell Phone, Cable TV and Internet.

I only started applying for my first unsecured cards in january 2013. So I'm a newbie at this.

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Newbie has done well

[peaceonearth]

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@Anonymous wrote:

I just applied for a Barclays Arrival in late March. Now I plan to apply for a Sallie Mae. I heard Barclays doesn't like people opening multiple accounts within a short period so I decide to wait. How long should I wait?

Hard pulls history: Jan 2013 (my credit history started), Aug 2013, Nov 2013, Nov 2013, Mar 2014 so I have 5 credit cards currently. I also plan to apply for an Amex card (because I don't have one) in Sep 2014. What's the best time for me to apply for a Sallie Mae? Thank you.

Edit: These are pulls with all CRA. I only have one pull with TU, which was for my Arrival card in March.

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   I think after 3 or 4 statements, you should be OK.

I got my SM Upromise 3 Months after my Barclays Rewards MC approval.

[Anonymous]

I am thinking of applying for SM card too. Have waited for 2 months after my first Barclay card.

[B335is]

In the Credit in the News Board I posted a good article written by a Barclaycard US employee who basically talks about people applying for more than 1 card with them.  It's a good read if you have time, but basically only 3% of their customers have more than 1 Barclaycard and they view reasonable balances as profit, but available credit as liability.  As already mentioned, 6 months is ideal, but there are plenty of folks who do it in less time.  The 6th statement on my Arrival card has yet to post and they just approved me for US Airways card and matched the Arrival limit.

[Anonymous]

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@peaceonearth wrote:

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@Anonymous wrote:

I just applied for a Barclays Arrival in late March. Now I plan to apply for a Sallie Mae. I heard Barclays doesn't like people opening multiple accounts within a short period so I decide to wait. How long should I wait?

Hard pulls history: Jan 2013 (my credit history started), Aug 2013, Nov 2013, Nov 2013, Mar 2014 so I have 5 credit cards currently. I also plan to apply for an Amex card (because I don't have one) in Sep 2014. What's the best time for me to apply for a Sallie Mae? Thank you.

Edit: These are pulls with all CRA. I only have one pull with TU, which was for my Arrival card in March.

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   I think after 3 or 4 statements, you should be OK.

I got my SM Upromise 3 Months after my Barclays Rewards MC approval.

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Is the Rewards MC your first Barclays card?

[Anonymous]

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@B335is wrote:

In the Credit in the News Board I posted a good article written by a Barclaycard US employee who basically talks about people applying for more than 1 card with them.  It's a good read if you have time, but basically only 3% of their customers have more than 1 Barclaycard and they view reasonable balances as profit, but available credit as liability.  As already mentioned, 6 months is ideal, but there are plenty of folks who do it in less time.  The 6th statement on my Arrival card has yet to post and they just approved me for US Airways card and matched the Arrival limit.

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Thank you for your helpful reply, B335is. Can you provide the link to your article? I did a quick search and couldn't see your post.