Originally Posted by
neonpanda
Hi all,
New to this credit card game and have done a lot of reading but i can't figure out the best way forward, would love your advice.
Here are my current cards:
OCT-2016: AMEX CR (Personal)
25-AUG-2017: CSR (Personal)
25-SEP-2017: CIP (Business)
01-NOV-2017: Chase Marriott Rewards Business (Business)
So that puts me at 2/24 for personal cards.
On my wishlist:
AMEX Platinum Ameriprise (Personal)
Southwest Rapid Rewards Business (Business)
Southwest Rapid Rewards Plus (Personal)
Marriott Rewards (Personal)
Of course 3 of those 4 are on chase's 5/24 rule and i'm already at 2/24.
Ideally, i want to get the AMEX platinum in 2017 to get the $200 travel credit in 2017 and then again in 2018. Going for Ameriprise because no AF and the regular personal offer is only 60k (waiting for 100k).
So, if i apply for AMEX in 2017, that puts me at 3/24, meaning i only have 1 chase card left.
Maybe i can do AMEX, then Chase Southwest Business (no credit hit) and then apply for the last personal Chase Southwest Personal.
That means i miss out on the marriott rewards card. No big deal but i would like that points bonus (i stay at marriotts often) and it ties well with the status match from the AMEX.
What are my chances of applying for both:
Southwest Rapid Rewards Personal + Business in 1 day?
Keep in mind the credit limit for my last card (marriott business) was only $5k which i think is the minimum. Meaning i'm close to reaching my credit ceiling?
Do i have to wait for instant approval before doing the next application? Because if it gets manually reviewed won't they see that i applied for 2 in 1 day pushing me over 5/24?
Apply for only business cards where possible. Business cards from most banks[/B] (Capital One and Discover being the main exceptions) don't show up on credit reports, and thus [B]don't count toward 5/24.
Apply for any Chase business cards first (before any Chase personal cards). Based on all the data points we've gotten, Chase doesn't seem to count its own business cards (even though in theory you'd think they could). So applying for Chase business cards shouldn't increase your N/24 count.
If you apply for Chase business cards first, that should let you get at least one more Chase card than if you apply for the Chase business cards last.
And if you've never had the Amex Plat biz, you may to re-evaluate that vs the Amperise, because the Amex Plat Biz won't increase your N/24 while the Amperise will.
And I agree with
BuBu4 that you may want to consider a Freedom card if you don't already have one, for the rotating 5x.