My last App-O-Rama was Oct 2004. I never got around to sharing the details of that one, so I'll try to make up for it by documenting this one pretty well.
I've been putting off an App-O-Rama for a while now, but I've got a 0% for life offer on my Driver's Edge card that's going to expire soon, so now's the time.
Current Cards & Limits (& balance, where applicable): (updates where applicable)
Advanta Business Plat $15,000 ($14200 balance) (does not report to CRAs) CapOne Miles Business $7,000 ($6800 balance) (does not report to CRAs) ------APPROVED CLI, now $9000 Chase Rewards Plus $12,600 (small balance, <$1k) ------APPROVED CLI, now $24,000 Discover Platinum Gas $14,000 (currently utilizing ~$6700 at 0% for life) ------NOW $8000 limit after reallocation Household 2% Rewards $500 (showing $440 balance on my report, unfortunately) RBS CustomCash 3% $5,060 ------APPROVED CLI, now $15,000 Bank Of America Plat $10,000 CapOne Visa $1,000 ------NOW CLOSED at my request Citi Driver's Edge $12,600 ------NOW $22200 after reallocation Citi (Associates) Card $3,300 ------APPROVED instant CLI, now $3,600 ------CLOSED BY CITI to open MTVu ETrade VISA $10,000 ------APPROVED CLI, now $13,500 Fifth Third Bank $11,000 GM Card $4,000 MBNA Motley Fool $11,300 ------REDUCED automatically to $6300 (auto-reallocated to Fidelity 529) -----now $500 after reallocation MBNA college-branded $4,100 -----now $20000 after reallocation + CLI GE Meijer Platinum $4,500 GE Meijer Store Card $800 local credit union card $4,500 Providian $3,000
Mostly I'm looking for 0% money and a few new rewards cards, but I'll be grabbing a few cardoffers bonuses where available as well.
New cards I am going to apply for (in approximately the order I will be applying):
discover 0% for life (if still available?) -----APPROVED $10000 (after reallocating $6000 from other card) Citi mtvU (will reallocate to Driver's Edge) ------APPROVED $3600 (moved over from old Associates card) ------now $1000 after reallocation Citi Dividend (will reallocate to Driver's Edge) ------APPROVED $7500 ------now $500 after reallocation Norwegian Cruise Line MBNA ------APPROVED $4000 - CLI TO $9000 Chase Rewards Plus Visa ------APPROVED $400 Chase Cash Plus Visa ------APPROVED $400 Fidelity 529 MBNA ------APPROVED $5000 -----now $10000 AMEX business cash rebate ------APPROVED $6000 Emigrant Direct 1.4% ------APPROVED $17500 AMEX blue sky ------APPROVED $5200 Wachovia Signature ------DENIED GM Flexible Earnings ------APPROVED $2500 Citibusiness Citibusiness w/ Thank You Network ------DID NOT APPLY (paranoid about too many Citi apps) Chase Business Card with Premier Cash Rebate ------APPROVED $8000 PenFed 1.25% ------DOCS REQUESTED, PENDING Wells Fargo Cash Back Platinum ------DID NOT APPLY (have to be WF customer) Washington Mutual Platinum Mastercard ------"our records indicate you've already applied" (providian app below) National City Diamond Edition Elite VISA Providian Visa Plat ------DENIED RBS Platinum ------DENIED BB&T Visa Platinum Capital One TJX Visa Platinum ------APPROVED $500 ------CLOSED at my request State Farm Bank Good Neighbor VISA ------DENIED US Bank Professional Bull Riders Cash Rewards VISA ------APPROVED $15000 Fifth Third Cash Rewards ------DENIED HSBC Cash Back Rewards ------APPROVED $5000 Principal Bank Super Low Rate Platinum Visa ------APPROVED $2500 Advanta Platinum Rewards Business Card ------"our records indicate that you already have an advanta business card" Capital One business platinum with preferred no hassle miles ------APPROVED $7000 AMEX Blue Cash (not originally on list, got greedy) ------APPROVED $2500 AMEX Biz Plat (not originally on list, got greedy) ------APPROVED $6000 ------CLI to $24000
Once I'm done with all the applications, I'll be: Calling all current creditors to ask for line increases Signing up for Citi Credit Protector on my Driver's Edge card (I'm moving) Reallocating lines to take advantage of offers Signing up for a few bank account deals (TBD)
Sorry if this post is a little sloppy, I'm quite tired after researching all of these cards. Will post back with results after app later today.
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Can you edit in the card details? Like 0% for how long, or signup bonus, or whatever the reason is you chose that card? It would also be helpful if you indicated where you found the info on all those.
That's a lot of cards. And a few of your credit lines may appear "maxed out", so I do expect you'll get rejected for some. But the law of large numbers says you'll get a bunch of approvals.
Any idea on your credit score?
I guess theoretically, you could do someworth to try to get soft-pull increases, and pay down balances to boost your score, then wait a month, then do your apps. But, you know, water under the bridge and all that.
markkundinger said:I guess theoretically, you could do someworth to try to get soft-pull increases, and pay down balances to boost your score, then wait a month, then do your apps. But, you know, water under the bridge and all that. Yes. 88% utilization on a card with a $500 limit cannot be good for one's credit score...
theman2 said:markkundinger said:I guess theoretically, you could do someworth to try to get soft-pull increases, and pay down balances to boost your score, then wait a month, then do your apps. But, you know, water under the bridge and all that. Yes. 88% utilization on a card with a $500 limit cannot be good for one's credit score...
...and 88% utilization on a card with a $500 limit cannot be *that* good for one's bank account unless one is nearly near homeless (this is coming from a grad student making under 30K a year, no offense intended). At least get a hundred dollars in interest a year or more before you take that kind of utilization hit.
To clarify, the balances on the Household, Advanta, and Capital One cards are not revolving balances. I actually pay the Household card off within a day or two every time I use it, I just had bad luck this time that they chose to report my balance at a time I didn't expect. As for the Advanta and CapitalOne cards, I didn't really sweat having a temporary balance on them since they do not show up on my credit report. It was only yesterday that it occurred to me that it could impact my ability to get new cards from Advanta and Capital One.
I would have waited a little bit and resolved these issues, but I didn't want Citi's 0% for life ofer to expire. Anyway, will update more later.
Rajjeq said:Can you edit in the card details? Like 0% for how long, or signup bonus, or whatever the reason is you chose that card? It would also be helpful if you indicated where you found the info on all those.the terms and benefits of many of those cards are listed on my site
SUCKISSTAPLES said:Rajjeq said:Can you edit in the card details? Like 0% for how long, or signup bonus, or whatever the reason is you chose that card? It would also be helpful if you indicated where you found the info on all those.the terms and benefits of many of those cards are listed on my site
RobMc45678 said:SUCKISSTAPLES said:Rajjeq said:Can you edit in the card details? Like 0% for how long, or signup bonus, or whatever the reason is you chose that card? It would also be helpful if you indicated where you found the info on all those.the terms and benefits of many of those cards are listed on my site
Oranje said:RobMc45678 said:SUCKISSTAPLES said:Rajjeq said:Can you edit in the card details? Like 0% for how long, or signup bonus, or whatever the reason is you chose that card? It would also be helpful if you indicated where you found the info on all those.the terms and benefits of many of those cards are listed on my site
ILikeDollars said: New cards I am going to apply for (in approximately the order I will be applying):
Citi mtvU (will reallocate to Driver's Edge) Citi Dividend (will reallocate to Driver's Edge)
Citibusiness Citibusiness w/ Thank You Network
I don't think you can get so many citi cards in one app o-rama probably 2 at most.
btw if you are getting mtvU and Dividend just to add CL to your Drivers' edge, you may consider getting Premier Pass Elite (it has larger bonus - 15000 thank you pts and $40 from card offers) and you get annual fee refunded if you convert it to Premier pass Basic(you should be able to another citi card as well). Can somebody confirm that Premier Pass can be converted to another citi cards?
Consider consolidating some of your credit lines if it isn't too late. You may find that with higher credit limits reported, your credit limit offers will try to match. (Giving you a much better utilization of 0% offers.)
fotomaniak said: Can anybody confirm that Premier Pass can be converted to another citi cards?
I haven't done it, but I've read that's what people have done. It seems PP is easier to qualify for than say the dividend card and gives higher initial CL.
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