Originally Posted by
RewardTraveler
How is your credit right now? One thing that will last longer than 12 months is the average age of your credit. If you have a pretty light credit file churning over the next year could drastically cut your age.
If your score is in the high 700s it probably won't matter, but if you're in the mid 700s, that could push you into the next bracket of mortgage rates, which could end up costing you $$$.
At the end of the day, though, if you're bringing in thousands of dollars worth of travel, the extra points you pay on a mortgage may be worth it.
My last actual report was 788, but I just ran creditkarma and it gave me 766, so perhaps it's because I got the UA card this month, or perhaps because I made a large purchase on my AA card, which is now about 75% utilized (not sure if that matters [edit: note that I always pay my cards to $0, so it's only utilized because it's not due yet]). I don't want to be toying too much with my credit, but I've been 740+ since January '11 despite adding 3 cards. Maybe I should not do the SPG card and just do the PRG, SW, and USAir. Or...if I do 3 is there no point in not trying 4?
Originally Posted by
RewardTraveler
Wait and if they deny you, you can use the CO as a bargaining chip. If they don't deny you, then you can cancel it or transfer the credit limit to your new SW card.
That sounds like a plan to me.