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Old Nov 21, 2011 | 9:25 pm
  #166  
 
Join Date: May 2011
Programs: As many as I can!
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Originally Posted by infamousdx
Thoughts on my next churn?

Chase United MileagePlus Explorer 50k (targeted)
CitiBusiness AA Visa 50k
US Airways Premier World MC 40k
American Express SPG Business 25k

Just focusing on those to grow my UACO, AA, and US miles. I also love Starpoints for the hotel awards, but also because they can feed my AA and US balances.

I'm also thinking about doing the 2 Citi ThankYou cards as they seem to be easy apps.

More details here - http://infam.us/rJyK9f. Would love some suggestions, mainly because I'm hesitant about adding the 2 Citi TY cards.
Citi will approve you for only 2 apps at a time so I'd select 2 Citi cards and apply for those. Also may want to consider the Ink Bold to transfer to UA, or Virgin Atlantic to transfer to 100K Hilton points.
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Old Nov 22, 2011 | 6:55 am
  #167  
 
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Originally Posted by Million Mile Secrets
Citi will approve you for only 2 apps at a time so I'd select 2 Citi cards and apply for those. Also may want to consider the Ink Bold to transfer to UA, or Virgin Atlantic to transfer to 100K Hilton points.
Ah that's right about Citi. Does it matter if I do the 2 personal Citi TY? Or should I do the 1 CitiBiz and 1 Citi personal?

I'm going to hold off on the Ink Bold for now because I want to stick to lower spend req's. ^
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Old Nov 23, 2011 | 7:32 am
  #168  
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I believe if you do a Citibiz and Citi personal app, it will count as 2 hits on your credit report. However, if you do 2 personal apps they will be combined.

Last edited by TheNoobTraveler; Nov 23, 2011 at 8:04 am
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Old Nov 23, 2011 | 8:37 am
  #169  
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Originally Posted by gwhit21
I believe if you do a Citibiz and Citi personal app, it will count as 2 hits on your credit report. However, if you do 2 personal apps they will be combined.
As far as I know, this is generally not the case. I did two Citi personal apps 3 weeks ago and ended up with two inquiries. Please share your experience at this link:

One Lender, Multiple Apps on same day
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Old Nov 23, 2011 | 11:32 am
  #170  
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Originally Posted by TheManofaThousandPlaces
As far as I know, this is generally not the case. I did two Citi personal apps 3 weeks ago and ended up with two inquiries. Please share your experience at this link:

One Lender, Multiple Apps on same day
I also did two Citi cards recently at the same time on two computers, and they are two separate pulls. But I know for the AA cards you could do both at the same time and only have one pull. I think what's going on is different subdivisions of Citi have jurisdiction over different Citi cards, so it really depends on which cards you are applying for. For instance I would guess applying for the Citi TY Preferred and Premier on the same day would result in just a single pull (just a guess). Whereas I did the Citi Hilton and TY Premier, and those were separate pulls.
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Old Nov 23, 2011 | 11:36 am
  #171  
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Originally Posted by drbobguy
I also did two Citi cards recently at the same time on two computers, and they are two separate pulls. But I know for the AA cards you could do both at the same time and only have one pull. I think what's going on is different subdivisions of Citi have jurisdiction over different Citi cards, so it really depends on which cards you are applying for. For instance I would guess applying for the Citi TY Preferred and Premier on the same day would result in just a single pull (just a guess). Whereas I did the Citi Hilton and TY Premier, and those were separate pulls.
I did exactly that: applied for the TY Preferred and Premier on the same day. I got two inquiries. One of the decisions was instant (approved), the other took a couple days (denied, based on too many inquiries). I'm not even convinced the same dept at Citi is managing both TY card approvals.
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Old Nov 23, 2011 | 11:37 am
  #172  
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Originally Posted by TheManofaThousandPlaces
I did exactly that: applied for the TY Preferred and Premier on the same day. I got two inquiries. One of the decisions was instant (approved), the other took a couple days (denied, based on too many inquiries). I'm not even convinced the same dept at Citi is managing both TY card approvals.
Interesting, so it's very YMMV. About the only sure thing is that the two AA cards (Visa and Amex) can be applied for simultaneously for just 1 pull.
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Old Nov 23, 2011 | 2:28 pm
  #173  
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Originally Posted by TheManofaThousandPlaces
I did exactly that: applied for the TY Preferred and Premier on the same day. I got two inquiries. One of the decisions was instant (approved), the other took a couple days (denied, based on too many inquiries). I'm not even convinced the same dept at Citi is managing both TY card approvals.
Wow, good to know. I was thinking about applying for the two TY cards, under the assumption that they would be combined into 1 hit.... I have come to expect Citi to be consistently inconsistent.
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Old Nov 26, 2011 | 8:34 pm
  #174  
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Originally Posted by TheManofaThousandPlaces
The Amex denial was due to too many applications at a time. I was informed that Amex will not allow more than two new cards in a 60 day period. I dont know if this is really true, but its hard to argue with the CSR who cites the policy.
That's not true, at least for everyone.
Two times THIS YEAR, I applied for 2 AMEX cards at a time, and was approved for all four. I currently hold 6 AMEX cards (4 pers, 2 biz), and 5 of those cards were approved between March and July of this year alone.
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Old Nov 27, 2011 | 12:31 am
  #175  
 
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Originally Posted by x712xdamx
That's not true, at least for everyone.
Two times THIS YEAR, I applied for 2 AMEX cards at a time, and was approved for all four. I currently hold 6 AMEX cards (4 pers, 2 biz), and 5 of those cards were approved between March and July of this year alone.
WOW must have great credit. lol (I am waiting for hopefully some nice big offers early next year.)
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Old Nov 30, 2011 | 4:55 am
  #176  
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Originally Posted by World-Wide
WOW must have great credit. lol (I am waiting for hopefully some nice big offers early next year.)
Yes I do have great credit!
I think there's also something to be said about the good old phrase "YMMV"... You can read 10 different things on this forum about getting 2 cards in 1 day from one bank. It really all boils down to your circumstances, and data details combined with internet connections and computers. There's not a 100% set in stone policy that always works for most of these banks.
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Old Nov 30, 2011 | 11:07 pm
  #177  
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The Super-Mega-App-O-Rama: One Month and 44 Points Later

It has been exactly a month since my Super-Mega-App-O-Rama and its time for the credit report update. If youve 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.
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Old Dec 1, 2011 | 12:48 am
  #178  
 
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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.
Are you actually surprised at the results of your churn? You seem to have basically verified what we already pretty much knew: Each hard pull usually knocks an average of around 3 -6 points off your score. If anything I am a little surprised you managed to stay on the low end of that spread. I would have thought that with each additional pull they would come with a slightly bigger ding, but apparently each pull is about the same whether you just do one or thirteen. So maybe I did learn something new after all.
Either way, hopefully you haven't disqualified yourself for any big offers coming up in the next few months.

Last edited by brasov02; Dec 1, 2011 at 1:10 am
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Old Dec 1, 2011 | 2:21 am
  #179  
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Originally Posted by TheManofaThousandPlaces
It has been exactly a month since my Super-Mega-App-O-Rama and its time for the credit report update. If youve 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.
Great data point!
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Old Dec 1, 2011 | 5:29 am
  #180  
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Originally Posted by brasov02
Are you actually surprised at the results of your churn? You seem to have basically verified what we already pretty much knew: Each hard pull usually knocks an average of around 3 -6 points off your score. If anything I am a little surprised you managed to stay on the low end of that spread. I would have thought that with each additional pull they would come with a slightly bigger ding, but apparently each pull is about the same whether you just do one or thirteen. So maybe I did learn something new after all.
Either way, hopefully you haven't disqualified yourself for any big offers coming up in the next few months.
Here's what surprises me. The mega-churn added 10 inquiries to my credit report, distributed as follows:

Experian (score: 737) - 3 new inquiries, bringing the total to 11
Equifax (score: 737) - 5 new inquiries, bringing the total to 14
Transunion (score: 746) – 2 new inquiries, bringing the total to 3

The funny thing is that my scores all fell by the exact same amount (keep in mind these are CreditSecure estimates), despite a very different number of inquiries that hit my individual bureau reports. This leads me to think that the new account activity has a much larger impact than the inquiries. I’m inclined to think that the number of inquiries is almost inconsequential. I say “almost” because the total number of inquiries is the only thing that differentiates my Transunion report from the other two and must account for the nine point difference in the overall scores.

Over the last year (and prior to this churn) I've had virtually no change to my credit scores from other application activity.

Last edited by TheManofaThousandPlaces; Dec 1, 2011 at 5:35 am
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