Question about the value of AORs
#1
Original Poster




Join Date: Feb 2013
Posts: 181
Question about the value of AORs
I know that AOR's are a regular practice for a great many FT's. I know that one value of it is that credit card companies are less likely to realize that you applied for other cards on the same day and make it more likely that you will get approved.
However, once you have a bunch of new cards, do the credit rating agencies lower your score accordingly once they become aware of them? Or, does your score drop less because they were on the same day?
I am not worried about getting approved for cards. So, I am wondering if there is any other benefit for me to coordinate multiple apps on a single day. My credit score is very important to me and if a spaced out AORs keeps it high then that's something I want to be aware of.
However, once you have a bunch of new cards, do the credit rating agencies lower your score accordingly once they become aware of them? Or, does your score drop less because they were on the same day?
I am not worried about getting approved for cards. So, I am wondering if there is any other benefit for me to coordinate multiple apps on a single day. My credit score is very important to me and if a spaced out AORs keeps it high then that's something I want to be aware of.
Last edited by waylook; May 14, 2013 at 2:19 pm
#2
Moderator: Travel Buzz




Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,175
Welcome to Flyertalk. There is lots of information scattered around about what happens to your credit score in this hobby. Yes, a high credit score will likely take a hit, but what you do next makes a big difference.
To answer your question directly, yes, anytime after the first day of an AOR, the credit report will show the pulls. Yes, the reason to apply for multiple cards in one day is to get multiple approvals without the new credit being a factor. What you do next is a personal choice.
I've done 1 app o rama, in my life...last fall. My husband also has done one, plus 2 add on cards. I found that is enough points for me overall, for now, and enough to keep track of. I have added 1 AA card since then, and will pounce on the next good offer that tickles my fancy. Adding a card or two a couple of times a year is plenty for us, and, unless my points "spend" changes, I think I'll just keep chugging along.
To answer your question directly, yes, anytime after the first day of an AOR, the credit report will show the pulls. Yes, the reason to apply for multiple cards in one day is to get multiple approvals without the new credit being a factor. What you do next is a personal choice.
I've done 1 app o rama, in my life...last fall. My husband also has done one, plus 2 add on cards. I found that is enough points for me overall, for now, and enough to keep track of. I have added 1 AA card since then, and will pounce on the next good offer that tickles my fancy. Adding a card or two a couple of times a year is plenty for us, and, unless my points "spend" changes, I think I'll just keep chugging along.

