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Old Dec 12, 2011 | 1:27 pm
  #20  
TheManofaThousandPlaces
 
Join Date: Aug 2011
Location: SLC
Posts: 392
Here is a pretty extreme example. In November, I did a big App-O-Rama:

Originally Posted by TheManofaThousandPlaces
Has anyone scored 500,000 points or more in a single App-O-Rama?

I'm on track to do it. It includes 13 card applications (so far, 10 are confirmed approved). The beauty of it is that I only expect 7 or 8 inquiries. Once my credit score "bounces back", I may still have difficulty getting approvals due to a high number of new accounts, but I'll worry about that later. I estimate more than $5,000 in value from this churn.

Here is a list of the cards involved:
Amex Gold Business - 50,000
Amex SPG Business - 25,000
Amex Delta Gold Business - 30,000
Citi ThankYou Premier - 50,000
Citi ThankYou Preferred - 50,000
BoA Alaskan Airlines - 25,000
BoA Hawaiian Airlines - 35,000
BoH Hawaiian Airlines - 35,000
Chase Ink Bold Business - 50,000
Chase Priority Club - 60,000
Barclays Travelocity - 20,000
Barclays US Airways - 40,000
Discover Miles - 12,000

More details here.
And here is the recap, one month later:

Originally Posted by TheManofaThousandPlaces
It has been exactly a month since my Super-Mega-App-O-Rama and it’s time for the credit report update. If you’ve been following along you will remember that when I checked my credit report on Nov 15, CreditSecure showed no impact to my credit scores. Well, my scores now reflect my churning activity and all those new inquiries and accounts sure pack a whallop! 44 points to be exact.

I expected this to be a useful experiment to demonstrate the impact aggressive churning can have on a credit score. My new score results are evidence of how large that impact can be.

Read more about it here.
Everyone's score will be affected a little differently, based on the strength of their credit profile.

I recommend starting with a 3-4 card app to see what happens. Then wait 2 or 3 months until the next one.
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