Are you sure you need all 8 cards with them?
I can close some, what do you suggest?
Really not for this thread.
+100, ae123, please don't hijack my thread.
MHO is, leave amex alone. chances, you'll be approved, after the big fry you had is pretty slim. especially if doing it after apping Chase as they'll see your inq's.
so even if it won't necessarily hurt you but you'll probably not get anywhere.
what I WOULD DO in you sit is secure myself on Chase.
close down a card two. wait 30/60 and start apping Chase again
we all wish you וכל היועץ עלינו עצה טובה תוקם....
PLEEEASE be successful.
Thanks for your feedback/opinion.
Well, fortunately or unfortunately, I do not have 8 active Chase cards, but if I were in your position, this is what I'd do:
I would not apply for a Chase card, or any other card for that matter, while having 8 active Chase cards in light of the current environment. There is no doubt IMO that Chase has become more aggressive in the last several weeks regarding A/A.
Now, Dan has mentioned he has 10 active Chase cards, and AFAIK he hasn't had any problems, but I think that's the exception rather than the rule. Perhaps it's my (somewhat) risk-averse personality, but I would, at the very least, reduce the number of Chase accounts while not necessarily reducing the total amount of credit extended. Yes, some might say that is six of one, half a dozen of the other (as for credit purposes, their exposure is still the same), but I personally believe having an excess number of active accounts will certainly catch some attention during a soft- or hard-review (most of it unwanted).
After closing some accounts to get to a more inconspicuous number, I'd still wait a couple of months before applying as some have reported that even those accounts which were closed were being reported as open by Chase when they received their A/A correspondence. Therefore, I'd give those closed accounts a chance to "fall off" their system (if, in fact, they ever will).
You can do the above, or simply wait in the hopes that the innernets can shed some light on Chase's A/A methodology. I'd consider either.
...or if you love risk, just pull the trigger and see what happens, though if I were you, I wouldn't.
In any case, good luck.
/.02
Thank you for the detailed (verbose
) response. Seems similar to what creditor is suggested, and you make some compelling points which I'll consider. At times I'm a risk junkie, but that hasn't always worked out for me, I guess I need a dose of my own advice now:
Slow and steady is the way to go in this game
If I was doing it for sign up bonuses I would apply for one card (two max) from each CC issuer. This would not give maximum benefit but it still would be a nice haul. I would hope for instant approvals with no need to call.
Thanks for your advice, I'll be sure to hope, though instant approval is in all likelihood a longshot, freezing and all
Once again, thanks all for your thoughts, you guys are really forcing me to think this one through.
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