My credit reports are now almost spotless. I have one medical collection that is due to age off or disappear due to an obsolete dispute in the very near future. My scores are: TU 758 on 6/9/12, EQ 769 on 6/17/12, and EX FAKO (from creditsesame.com) 715 on 6/17/12, and VantageScore (from CreditKarma.com) 770 on 6/17/12. The only other thing hurting my scores is AAoA and length of credit history. I have two inquiries on my reports--one is almost two years old, and one is a year old.
I currently have two credit cards: I have an Orchard Bank (HSBC, now Capital One) Mastercard with a CL of $1,200, and a Capital One Mastercard with a CL of $500.
I am an AU on several of my parents' cards, and have been for many years.
I previously had a Citi credit card that was a paid charge off, but it has now aged off of my reports.
I'm 30 years old, and I make about $40,000 a year, but I'm starting a side business that should add $10,000 to $20,000 in income a year.
I am not in the market for a new car or a house in the near future, so I'm not too worried about dinging my credit score with a bunch of applications. I also figure it's a good idea to knock out a bunch of them at once, because they'll all age out at the same time. Also, once I have a handful of good credit cards, I don't plan on applying for anything else for quite some time.
How many cards should I apply for? I figure I should be leaning towards prime cards, since my scores are now pretty decent.
The cards I'm considering applying for are:
*Citi Forward Visa (no annual fee and 5x Amazon rewards)
*PenFed Visa Platinum Cash Rewards Card (5% back on gas)
*Fidelity Investment Rewards Visa Signature Card (no annual fee)
*Chase Southwest Airlines Rapid Rewards Plus Visa Signature Card ($69/yr) or Southwest Airlines Rapid Rewards Premier Visa Signature Card ($99/yr) since I tend to fly Southwest domestically.
*Saks Fifth Avenue World Elite Mastercard (no annual fee and World Elite perks)
*US Bank Cash+ Visa Signature (no annual fee and good rewards)
*Barclaycard Rewards World Mastercard (no annual fee)
*RBS Platinum Mastercard (no annual fee)
*UBS Visa Signature Card (no annual fee)
*PNC CashBuilder Visa Credit Card (no annual fee)
*Wells Fargo Cash Back Visa (no annual fee)
*Ameriprise World Mastercard (no annual fee)
*Bank of America BankAmericard Travel Rewards Visa Signature Card (no annual fee)
*Starwood Preferred Guest Amex ($65/yr)
*Chase Sapphire Preferred ($95/yr) or Chase Sapphire (no annual fee)
*Delta Community Credit Union Platinum Rewards Visa Card (no annual fee and primary insurance on rental cars)
*Patelco Visa Platinum (no annual fee)
*Nasa Federal Credit Union Platinum Cash Rewards Card (no annual fee)
*Navy Federal Credit Union Platinum Card (no annual fee)
*Lockheed Federal Credit Union Visa Platinum (no annual fee)
*Justice Federal Credit Union Visa Platinum Rewards Card (no annual fee)
*Alliant Credit Union Platinum Rewards Visa Card (no annual fee)
*American Express Zync or American Express Green Charge Card
*American Express Blue Cash Everyday or American Express Blue Cash Preferred
*Chase Marriott Rewards Visa Signature Card ($45/yr)
*Chase Hyatt Card ($75/yr)
*British Airways Visa Signature Card ($95/yr)
*Citi Platinum Select AAdvantage($95/yr) or Citi Gold AAdvantage Card ($50/yr)
*Discover More Card (no annual fee) or Discover Miles Card (no annual fee)
*JCB Card (no annual fee)
I probably shouldn't apply for all 31 of these. How many should I apply for? Which ones should I apply for first?
Also, how do I mitigate the damage of all the inquiries. I figure I can B* the TU and EQ pulls. Should I freeze my EX report before I apply? Is there any way of spreading out the inquiries so that only a few appear per report?
Edited by 4502163033, 18 June 2012 - 11:44 PM.