Strategy for upcoming app spree

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TheLethargicAge
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Strategy for upcoming app spree

Postby TheLethargicAge » Mon Jun 10, 2013 2:35 pm

I'm planning to get the following 3 cards in the near future:

Costco Amex
Chase Sapphire Preferred
Sallie Mae MC

I already paid off the last card I had on the debt payment program as well as my CareCredit account (laser tattoo removal, don't ask), so I'm waiting for those to report. I also paid off the lease on a CC machine from my failed tattoo business, and that bumped my Fico score to 769 (EQ).

I'm just concerned about inquiries. I have 6 on Experian, 4 of which will be 1-year old in the next couple of months; the other 2 are from earlier this year, one from Chase when I got my Freedom, the other from Amex (so much for "It's a soft pull if you're declined").

I have 4 inquiries on TransUnion (3 from last year, 1 from Barclaycard in April) and 5 on Equifax.

Should I get till these inquiries drop off my report completely (i.e., wait till next year), or will their impact be softened once they reach the 1-year mark?

Also, I remember reading somewhere that the Sallie Mae card used to be a 2% on everything card. Anyone know if Barclaycard has any plans to nerf it again?
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)


MemberSince99
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Postby MemberSince99 » Mon Jun 10, 2013 6:45 pm

You already have relationships with Amex and Chase. I doubt that amount of inquiries is enough to be a problem, as always YMMV, but if it was a hard rule, I wouldn't have the cards I do.

Chase pulled TU and EX for me and Amex as always pulled EX.

I say go for it.

No idea about the Barclaycard.

DavidNY
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Postby DavidNY » Mon Jun 10, 2013 11:05 pm

TheLethargicAge wrote:Also, I remember reading somewhere that the Sallie Mae card used to be a 2% on everything card. Anyone know if Barclaycard has any plans to nerf it again?


Priceline Rewards Visa No Longer Offers 2% Cash Back

TheLethargicAge
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Postby TheLethargicAge » Wed Jun 12, 2013 12:20 pm



Oh, I know about that. I did some research and apparently the Sallie Mae card was a 2% card before Barclaycard took over it. Or something along those lines.

I'm seriously considering dropping the CSP from my spree and using that inquiry to request a CLI on my Freedom instead. I just don't travel, so a travel card is useless to me.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



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