opening new credit cards

[bookwrm]

how often do people open new credit cards? is there an ideal wait limit. what advice can you give to someone who is just starting?

[mmermss]

how often do people open new credit cards? is there an ideal wait limit.

Everyones different...60 days is being on safe side.

what advice can you give to someone who is just starting?

Read up DDF...theres alot youll find out.   

Starting what? First time applying for credit cards? Starting to churn CC's? Have you had a CC in the past? Hows your credit?

[bookwrm]

so i think i've gone a bit credit card crazy. well not crazy, just opened quite a few this year.
delta amex- feb
spg personal- july
chase sapphire- august
chase freedom- november
macys amex- november
spg business- december

was that too many cards in a short time frame?

[Achas Veachas]

Considering that with a bit of planning and thinking ahead you could have done it all on 2 pulls maybe...

[bookwrm]

i was doing them one at a time, as i've been learning about new cards...

[mmermss]

was that too many cards in a short time frame?

No..the problem was this...

i was doing them one at a time

Big mistake doing one at a time

So what would you like to do? Hows your credit after all those pulls?

[bookwrm]

haven't checked :/. how would i find out and will this result in another pull?

[mmermss]

haven't checked :/. how would i find out and will this result in another pull?

myfico.com
No

You may also want to sign up for citiidentitymonitor to check up where your pulling from and all about your credit report and scores.  The credit score they give you is FAKO...meaning not your real score.  Remember to cancel subscriptions before 30 days are up.  You can churn CIM so dont worry.

[bookwrm]

thanks, it's 765 . they said that the new accounts are hurting my score. i want to open the chase british (and i guess the chase ink). how long should i wait until opening those?

[bookwrm]

by "they" i mean fico

[mmermss]

thanks, it's 765 . they said that the new accounts are hurting my score. i want to open the chase british (and i guess the chase ink). how long should i wait until opening those?

You can check all three FAKO scores on citi identity when you sign in theres an option to upgrade for free to see all three scores.

You might want to wait a little for the BA because its only giving 50k and its very hard (impossible?) to churn it...wait till its offering 100k.  Why do you want an IB as opposed to lets say a United or another SP (transfer CL and close existing SP via recon)?

[bookwrm]

that's a good  idea. i dunno was just throwing it out there. what would you recommend for an eventual new card? we like to travel and are trying to get points to go to la from jfk. (planning on going 3x during 2013).

[yitzf]

thanks, it's 765 . they said that the new accounts are hurting my score. i want to open the chase british (and i guess the chase ink). how long should i wait until opening those?

chase ba is a personal card and the ink's are business cards therefore with Chase you'll likely get two pulls.

[mmermss]

that's a good  idea. i dunno was just throwing it out there. what would you recommend for an eventual new card? we like to travel and are trying to get points to go to la from jfk. (planning on going 3x during 2013).

SPG are very valuable points for travel and hotels and so are UR points from Chase.  New card for spending? For the sign up bonus? For what?
Read the first post (or more) and youll learn alot

[bookwrm]

got it, thanks :p
for sign up bonuses.

[mmermss]

got it, thanks :p
for sign up bonuses.

You can do a 2BM on the Ink Bold and Ink Plus (one pull) which would get you 100k UR but you would need to spend $10k in 3 months...

[yitzf]

that's a good  idea. i dunno was just throwing it out there. what would you recommend for an eventual new card? we like to travel and are trying to get points to go to la from jfk. (planning on going 3x during 2013).

you won't get great value redeeming your miles for domestic coach tickets.
You could apply for 2 flavors of the citi AA card in a 2bm (or as part of a 3bm) and get 50k each, which could get you 4 rt flights.

[mmermss]

you won't get great value redeeming your miles for domestic coach tickets.
You could apply for 2 flavors of the citi AA card in a 2bm (or as part of a 3bm) and get 50k each, which could get you 4 rt flights.

Heres a link for the Citi AA

[bookwrm]

thanks! is end of january too soon to try opening a new account or would waiting until feb/march be better?

[bookwrm]

all of the citi cards totally stink right now. you get 30,000 per card. do you think it will go back up soon or not again for a while?