What should be my plan in 2 months?

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Terry
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Postby Terry » Thu Apr 18, 2013 8:10 am

paparoach429 wrote:Wouldnt it make sense to have both the Freedom and IT for the rotating categories? I would have gas stations at 5% year round. Also I was thinking CSP to make the Freedom points more beneficial. By "1" inquiry I meant the last one to fall off this year. I have 4 in total, on Transunion at least. 1 will be off next month, 2 are over a year old, and that last one is 5 months old. So I guess for scoring purposes only that last one really matters?



I carry both the Freedom and the IT. At the time of purchase, the card that has the most rewards is selected. As a frequent shopper of Sam's Club (who does not accept Visa credit), I then will use my Discover Card which offers 1% and that is better than 0%. :)
AMEX Green Card - NPSL [Member Since 1995] ;)
AMEX Everyday Card ($25,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
Chase Freedom Visa Signature ($17,000) - For 5% rotating categories
Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
Discover IT Humane Society Design ($16,500) - For 5% rotating categories
Firestone ($2,600) - For 0% financing
Home Depot ($10,000) - For 0% financing
JCPenney Credit Card ($7,000) - For special discounts
Sam's Club MasterCard - ($20,000) - 5% off gas at any fuel pump
Wells Fargo Personal Line of Credit - ($15,000)

FICO's - 767 EX, 778 EQ, 790 TU [02/2015]


paparoach429
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Postby paparoach429 » Thu Apr 18, 2013 9:37 am

So I applied last night for the Freedom and the CSP and got the "needs further review" screen. I called in right now to have the rep check on that and he said that I was denied due to a large number of inquires on my report but then he said they look mostly likely from a car loan. He then asked me if there was a reason I applied for 2 cards at the same time. I gave him the story on how Id like to move alot of my spending over to Chase and how I like the Freedoms rotating categories and the CSP travel benefits etc etc.. He said let him try to go back and see what they can do on the Freedom card to get me approved. He came back a few minutes later and said he was able to approve me for 3k! Not as much as my Forward but I"ll gladly take it! Why do you guys think he offered to recon the Freedom and not the CSP? Was the decision solely through him and he just didnt want to give me both cards and I might have more luck with another rep, or did he just know the system wasnt going to approve me for it? For the hell of it should I call back later and still try to recon the CSP or let that one go? lol

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Snowman
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Postby Snowman » Thu Apr 18, 2013 10:01 am

Papa- I think you should just let it go for right now, and let the inquires age a little bit as well as your account getting some age as well and then apply. I think they were just not comfortable in giving both right now, as well as the Freedom is easier to obtain then the CSP. That could be a theory..lol. You could try again, but I don't think it will change anything to be honest.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

paparoach429
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Postby paparoach429 » Thu Apr 18, 2013 6:14 pm

Well I figured I might as well recon, I already took the hardpull. I spoke to a nice guy who asked me a couple questions, put me on hold, came back asked me a few more questions, and then bam! Approved for 5K!

tigerowl06
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Postby tigerowl06 » Thu Apr 18, 2013 11:32 pm

paparoach429 wrote:So I guess I was under the wrong assumption about Discover. I thought you can pick which categories you wanted the 5% in ([B]I must be thinking of a different card[/B]). Gas station categories start in July for both the Freedom and the Discover so I guess I dont need to apply for both.


You were thinking of USBank Cash+, most likely.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

paparoach429
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Postby paparoach429 » Fri Apr 19, 2013 3:14 am

Yes I think it was.

swipe_masta
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Postby swipe_masta » Fri Apr 19, 2013 6:53 pm

Congrats. So did you get both?

CSP is a little more "prestigious" than Freedom, so I think that's why you were only offered Freedom the first time.

But ya see what I meant about multiple apps with the same issuer right?

paparoach429
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Postby paparoach429 » Fri Apr 19, 2013 11:10 pm

Yes I did get both. I had to recon both but still got them.

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Z06Biker
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Postby Z06Biker » Sun Apr 21, 2013 1:21 pm

Congrats! Supposedly from the press releases and white papers, the CSP was designed for the "top 5% of earners" in the country.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

paparoach429
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Postby paparoach429 » Sun Apr 21, 2013 7:34 pm

Well that definitally isnt true but I wouldnt mind being top 5%. lol



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