First Application Spree of 2013

For just about anything you want to get off your chest about credit cards.
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djrez4
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First Application Spree of 2013

Postby djrez4 » Mon Jan 28, 2013 8:51 pm

Today's haul -

Approved -
  • Citi Hilton HHonors Visa Signature - $10,000 - 50k HHonors points, $1,000 spend in 4 months;
  • Citi Hilton HHonors Reserve - $10,000 - 2 free weekend nights, $2,500 spend in 6 months;
  • Barclays US Airways Dividend Miles - $6,000 - 40k US Airways miles on first purchase;
  • Amex SPG - $2,000 - 10k SPG points + 15k SPG points, $5,000 in 6 months.


Denied -
  • Amex SPG Business


Amex likes me for $2,000 on every personal card and doesn't like me on the business side. Citi loves me. I'm going to send more applications their way. I feel a pair of AAdvantage cards coming next quarter.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]


Sevenfeet
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Postby Sevenfeet » Mon Jan 28, 2013 10:33 pm

Nice work. Waiting for my last CLI to hit my report in a week to go for the next cards.

I've noticed that Equifax thinks my "Amount of New Credit" profile contributing to my score is marked as "poor". Although I did two new installment loans in 2011 (one paid, another a card loan), my last credit card (that wasn't my wife's) was in 2005. So I guess I'm due.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

RewardHop
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Postby RewardHop » Mon Jan 28, 2013 10:50 pm

Congrats. Sounds like you'll get a nice vacation out of this!
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]


432521
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Postby 432521 » Mon Jan 28, 2013 11:08 pm

Congrats, I do have one question though. Why is it that you decided to get so many cards, as you can see in my sig I have 4 cards and that will be more than I will ever need. The only thing I will do in the future is either get CLI's or cancel my older cards and get ones with better perks and higher limits.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday

kcarter609
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Postby kcarter609 » Mon Jan 28, 2013 11:12 pm

432521 wrote:Congrats, I do have one question though. Why is it that you decided to get so many cards, as you can see in my sig I have 4 cards and that will be more than I will ever need. The only thing I will do in the future is either get CLI's or cancel my older cards and get ones with better perks and higher limits.


Looks to me like it was for the rewards.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

paparoach429
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Postby paparoach429 » Tue Jan 29, 2013 1:18 am

Even with the rewards, dont those cards have annual fees? Granted it might take a couple years for the fees to outweigh the free flights and such but still.

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djrez4
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Postby djrez4 » Tue Jan 29, 2013 6:21 am

All of the fees are deferred for a year except the Reserve card. $75 for two weekend nights in any Hilton was a no-brainer for me.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]


Fartanywherecard
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Location: NYC

Postby Fartanywherecard » Tue Jan 29, 2013 11:08 am

Awesome. I'm curious to see the impact on your FICO as this no doubt significantly alters the average age of your accounts and it's a lot of inquiries. Just out of curiosity, of course.

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djrez4
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Postby djrez4 » Tue Jan 29, 2013 12:03 pm

Barclays has already reported to Experian somehow. I'll pull a FICO once they all report and see what happens. This should drive my AAoA down under two years, which is a bucket point.

I plan to cancel the Amex Gold. The SPG will actually report older than the Gold by 6 months. That may help.

Next round will be 6 months out. I wanted to do a double-AAdvantage app, but it appears that Citi has wised up to the two-browser trick and 2 x AAdvantage is no longer an option. I have my eyes on the two Hawaiian cards, a second try at the SPG Business, maybe an upgrade to the Hilton Surpass, and an Ink Plus if the spend is still $5k.

Long term, Freedom, either Bold or CSP, SPG, Hilton Amex, Costco, REI, and Discover are sticking around. The rest are disposable. It'll cost me $158 a year to keep them.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

Dman316
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Location: Pittsburgh, PA

Postby Dman316 » Tue Apr 02, 2013 12:08 pm

Just make sure you keep an eye on your credit score through all of this.
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $6K
Discover IT: $5.5K
Huntington Voice World Mastercard: $1.125K
Citi Thank You Visa Signature: $6.5K

In the garden until May 2015.



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