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moneypyts

Soon at 4/24 Best sequence to get best cards after Chase

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I'll be at 4/24 in July and 3/24 in August.  2/24 in October.  

I've been declined a few times in the last 15 months for things like the Bank of America travel card, US Bank FlexPerks, WF Propel, and a C1 Venture, possibly on account of churning, or on account of high balances (paid down now). 

I wasn't planning to wait until I was 4/24 before getting back in the application sequence, but since I'm now so close I figure I might as well do it and pick up a CSP first, then a United or Southwest a month later, for $1400 value in travel, before moving on to the others.  

I haven't seen much chatter about sequencing of apps in the post x/x policies of the major banks.  

First off: 
* CSP
* United or Southwest

The cards I'd like to get -- difficult:
* Bank of America travel
* Wells Fargo Propel
* Cap One Venture

Probably easier
* BoA Amtrak when a higher signup bonus comes up
* Citi TYX (PC'ed old TYPref in Sept 2017 (didn't read the rules carefully, should have kept it))
* Delta Amex if I get a signup offer (or in 2020 if the "eligibility once every 7 years" language pans out")
* Amex Gold if I get the 50,000 signup offer.  
* US Bank Altitude

And, pick up along the way
* US Bank FlexPerks
* Citi American Airlines

I'm Ineligible for: 
* Barclays Arrival (still have an old no-fee arrival) 

Thoughts on this?  Who is most sensitive to new accounts out of Cap One, B of A, or WF?  

TIA, MP

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I just got to 4/24 this month and got approved for an Ink preferred tonight, I plan to work on the sign up bonus for a few months and app the arrival plus after that. 

 

The great thing about business cards is their not showing on CRs. I got to start off 2019 with a Hilton business card and it didn't impact my Chase approval tonight.

 

Maybe lower priority, but if you're eligible, Navy Flagship has a $600 sub running at the moment.

 

More Banks are adopting 5/24 so you really have to pick your priorities.

 

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CSP is a good starting place; but why the turds on your list?

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Hege and Mec -- thanks for the replies.  

 

I should get a Chase Biz card in there, too.  Maybe the 75,000 United offer will still be available.  If so, I'll shoot for that one first in July when I clear 4/24. I'll look into Navy qualification.  

Turds?  It's a couple hundred free $.  For the Flex Perks, etc.  Amtrak is about $800 in travel with the 30,000 points offer.  Which ones would you suggest instead?  I like $, I like airfare and travel reimbursements.  I don't do hotels, so unless there's a good transfer rate to airlines, they're not useful for me.  

Credit scores ~790.  At 0/12 as of this month.  

MP  

 

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On 3/6/2019 at 9:16 PM, mec said:

I just got to 4/24 this month and got approved for an Ink preferred tonight

 

 

Any hoops to jump through for proving you have a business account? 

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1 hour ago, PhoenixDown said:

 

Any hoops to jump through for proving you have a business account? 

There were the first time, but this is my second business card from Chase. This time it was an instant approval. My last "new account" was 6 months ago, a Chase Hyatt personal card. I think I am right in their sweet spot at this time.

 

The first time I applied I had to submit a LRT 147C letter from the IRS, and answer questions about past revenue and projected revenue. It was/ is a real business, so I'm not sure what kinds of "businesses" require what kinds of hoops, but I'm betting there is some variation in there approval process.

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On ‎3‎/‎8‎/‎2019 at 4:30 PM, PhoenixDown said:

 

Any hoops to jump through for proving you have a business account? 

If you have a real business it won't be an issue.

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On 3/6/2019 at 5:42 PM, moneypyts said:


"* Wells Fargo Propel"

Hi MP, 

 

Do you already have a WF Visa Signature and a Cash Wise?

 

These cards always fall to a secondary position on my planning list, but whenever I look at them I'm always surprised by their potential.

 

I read that:  

The Cash Wise earns (1.5%) cashback as go far rewards.

And the Visa Signature allows flight bookings through the Wells Fargo portal at 1.5 cents per go far reward point.

 

If you had all three, they could earn flights at 2.25% uncategorized and 4.5% on the Propel categories.

 

The only thing I'm not sure of is how useful the Wells Fargo travel portal is. I'd imagine that would be most of the limitation. The fact that they are all no fee cards is nice though.

 

 

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My BoA Premier Rewards app is pending, and that's the last <=$500 SUB I can find.

 

I think it's time for one of these if the SUB is still $400 for phone applications.

 

Z2p36-jcpEx_.JPG

 

I currently have no WF cards, unless you count the AU card on TAD's oldest account (which I do not).

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2 hours ago, cv91915 said:

My BoA Premier Rewards app is pending, and that's the last <=$500 SUB I can find.

 

I think it's time for one of these if the SUB is still $400 for phone applications.

 

Z2p36-jcpEx_.JPG

 

I currently have no WF cards, unless you count the AU card on TAD's oldest account (which I do not).

They have an offer out now that is 30k points for spending 3k in 3 months, and an extra 20k points for spending 15k in the first year.

 

That would make it a 4.33...% (cash reward) card, across the rewards and the SUB, on that 15k spending if you don't have a WF Visa Signature... and 6.5% WF travel portal, "airfare" rewards card if you do.

 

That's assuming you don't spend a dime in the bonus categories.

 

DOC has some things to consider when applying at WF:

https://www.doctorofcredit.com/things-everybody-should-know-about-w/

 

 

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Posted (edited)
19 minutes ago, mec said:

They have an offer out now that is 30k points for spending 3k in 3 months, and an extra 20k points for spending 15k in the first year.

 

That would make it a 4.33...% (cash reward) card, across the rewards and the SUB, on that 15k spending if you don't have a WF Visa Signature... and 6.5% WF travel portal, "airfare" rewards card if you do.

 

That's assuming you don't spend a dime in the bonus categories.

 

DOC has some things to consider when applying at WF:

https://www.doctorofcredit.com/things-everybody-should-know-about-w/

 

 

Thank you.

 

I might still prefer the 40,000 offer if it's available for phone apps.  That ship may have sailed, though. 

 

This is still tempting.

 

 

Edited by cv91915

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Here's one more thing you should know about Wells Fargo that (AKAIK) DoC doesn't tell you:

 

Assuming you have high scores & everything else is in order, WF will often deny for "Ratio of credit bureau trades with a balance greater than zero (We look at the ratio of open and closed accounts that have a balance greater than zero in the last 6 months)."

 

This means pretty much the opposite of what you would think. It is WF-speak for, "We think you are going to grab the SUB then sock-drawer the card." IOW, equivalent to Cap1's infamous "Too few revolving accounts with balances."

 

So DO NOT prepare with the "$2 trick" before you apply!

 

Also (and DoC does tell you this), a deposit account with WF will greatly improve your chance of approval. So you may want to collect the $400* checking account bonus first. 

 

*taxable as interest

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3 minutes ago, Occam said:

Here's one more thing you should know about Wells Fargo that (AKAIK) DoC doesn't tell you:

 

Assuming you have high scores & everything else is in order, WF will often deny for "Ratio of credit bureau trades with a balance greater than zero (We look at the ratio of open and closed accounts that have a balance greater than zero in the last 6 months)."

 

This means pretty much the opposite of what you would think. It is WF-speak for, "We think you are going to grab the SUB then sock-drawer the card." IOW, equivalent to Cap1's infamous "Too few revolving accounts with balances."

 

So DO NOT prepare with the "$2 trick" before you apply!

 

Also (and DoC does tell you this), a deposit account with WF will greatly improve your chance of approval. So you may want to collect the $400* checking account bonus first. 

 

*taxable as interest

Thank you.

 

I don't micromanage my balances.  I have balances reporting on at least 7 cards at the moment.

 

We each have a WF checking account already.  Mine goes back to 1999, and TAD's is from 2002.

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23 minutes ago, cv91915 said:

Thank you.

 

I don't micromanage my balances.  I have balances reporting on at least 7 cards at the moment.

 

We each have a WF checking account already.  Mine goes back to 1999, and TAD's is from 2002.

I think you & TAD can expect a shiny new pair of WTFargo cards. Flushable in 12 months.  :lol:

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On ‎3‎/‎22‎/‎2019 at 6:42 AM, mec said:

And the Visa Signature allows flight bookings through the Wells Fargo portal at 1.5 cents per go far reward point.

 

If you had all three, they could earn flights at 2.25% uncategorized and 4.5% on the Propel categories.

 

The only thing I'm not sure of is how useful the Wells Fargo travel portal is. I'd imagine that would be most of the limitation. The fact that they are all no fee cards is nice though.

 

 

The 1.5 gets kicked up to 1.75 after 50k spend. Any flight can be booked but sometimes requires a call. 

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13 hours ago, Rorer_714 said:

The 1.5 gets kicked up to 1.75 after 50k spend. Any flight can be booked but sometimes requires a call. 

Good to know it is that flexible.

 

I think the value of the 1.75x for spending 50k on the Visa Sign is gone, now that the new card 5x category is capped at 12.5k... considering you could earn those GoFar Rewards at 1.5x per dollar on a Cash Wise and just use the Sig to get them to 2.25

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6 hours ago, mec said:

I think the value of the 1.75x for spending 50k on the Visa Sign is gone, now that the new card 5x category is capped at 12.5k... considering you could earn those GoFar Rewards at 1.5x per dollar on a Cash Wise and just use the Sig to get them to 2.25

For personal use I would agree. It has massive value to many MSer's. 

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On 3/22/2019 at 4:18 PM, Occam said:

Here's one more thing you should know about Wells Fargo that (AKAIK) DoC doesn't tell you:

 

Assuming you have high scores & everything else is in order, WF will often deny for "Ratio of credit bureau trades with a balance greater than zero (We look at the ratio of open and closed accounts that have a balance greater than zero in the last 6 months)."

 

This means pretty much the opposite of what you would think. It is WF-speak for, "We think you are going to grab the SUB then sock-drawer the card." IOW, equivalent to Cap1's infamous "Too few revolving accounts with balances."

 

So DO NOT prepare with the "$2 trick" before you apply!

 

Also (and DoC does tell you this), a deposit account with WF will greatly improve your chance of approval. So you may want to collect the $400* checking account bonus first. 

 

*taxable as interest

this happened to me 13 months ago. I might try again just for ships and giggles

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