I’m due up for my next round of credit card applications on June 14th. As a reminder I try to space my applications at least 90 days apart so as to prevent denials for “too many recent inquiries”. And I like to do a round of multiple applications all on the same day. Applications done on the same day may prevent each of the credit issuers from seeing the other applications. It has worked for me in the past and I’ll keep my system in place for now. Katybug will also be doing her round of applications at the same time. We missed her last application cycle and its time to load up her accounts again.
Each of us have credit scores as reported by CreditSesame.com of 744. It was interesting to see in the comments section now that Credit Sesame distinguishes 740 as the number that puts us in the elite category of credit accounts with Excellent credit. My personal credit report shows I have had 96 accounts reported to Experian (the highest) and my current inquiries within the last two years are as follows:
TransUnion 6, Experian 19 (still high), and Equifax 10.
In South Carolina most card issuers pull from Experian and I don’t personally get involved in freezing my credit files to force lenders to pull from less used agencies. I do well enough with my own method.
After pulling my info from Credit Sesame I jumped over to Truecredit.com where I have a long standing account to view my credit report and their numbers as pulled and reported on the VantageScore scale. My top score is 984 with a possible 990 top score with Experian. I guess the 3 million miles (and top number of inquiries) we have accumulated in the last three years of card applications haven’t ruined my credit after all
For those of you new to applying for credit cards for the travel rewards benefits these are the first steps:
- Checking your credit score. Don’t waste your time applying if your scores are under 700 on a FICO style scale. I recommend CreditSesame.com as it is available monthly to update and their is no need to register a credit card to obtain an estimate of your credit score.
- Checking your credit report for accuracy. It has been reported that at least ten percent of all credit reports have inaccurate information. Don’t play the game with bad information. Get the file corrected and if possible try to resolve any old blemishes with past creditors. You can obtain a copy of your credit report free once per year from AnnualCreditReport.com. Do your homework.
Thursday I’ll run through my thought process on which cards I’m applying for and the reasoning behind my choices.
Update on Chase Ultimate Rewards Mall
HikerT is updating the promos and payouts from various retailers on the Chase Ultimate Reward Mall each month. This takes time and effort. Thanks for your work on all our behalf. latest info here