Step One: When can I do it. I wait at least 91 days since my last application and check my last date by going to Truecredit.com and looking at the dates of my last two years worth of inquiries. You probably won’t use TrueCredit as I’m grandfathered in at $9.95 per month for their service and I think they are some ridiculous $34 of something now for new members. Find one that will show you your dates of previous inquiries. My last batch was 9/18/2012 and it looks like Amex slipped a check up on me in on 10/30 so I’ll wait until February 2nd just to be safe. My 12/19 report shows 104 total accounts on my report with 20 open accounts. I update my score again after 1/19/2013 which is my next available date for a free update to check my scores one last time. They are all high 700′s so no worries, other than step #2.
Step Two: Pay down my balances. I’ve been hitting the gift cards heavy due to Christmas and have a balance of over 80% of available credit on one card. That can cause concern for card issuers so I need to get that taken care of before the actual application date. I like my balances on each individual card and in aggregate at less then 50% of available credit and preferably less than 30%. In all reality when I am hitting on all cylinders my outstanding balances are usually in the 8% range of available credit, but like I said I bought lots of gift cards at one particular office supply store this last couple weeks
Step Three: Pick the card suspects. This is getting harder and harder as I’ve had almost all of them. I know in March my Amex Plat card from Mercedes Benz runs out so a new Plat card may be in order. Katy just scored on the 100K offer so we have lounge access when she is with me. My Marriott card has been closed for at least two years so that is a possibility to reapply for. I hae not had the Hilton Reserve card and that status runs out soon, but we have over 600K of Hilton points. I have a question for all of you:
Are you happy with the Club Carlson cards? Can I get personal and business at the same time? I have a Country Inn and Suites near me at the Savannah airport but really have little experience with them. How are they treating you as far as card approvals and are you happy at the hotels?
Step Three doesn’t end until the day of the applications as a new offer may show up, a new trip idea may require more points or miles in a certain program, or a friend may need points I don’t have at the time.
Its fluid. Its fun. and if well prepared, payday is soon on the way.
The last amenity kit I had already promised to someone; my apologies.
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Deal of the Day
For today’s Deal of the Day American Airlines AAdvantage® has provided 2500 AAdvantage® miles for the best deals, fares, promotions, anything related to American Airlines, their oneworld partners or AAdvantage® partners. Add it to the comments section of this post or this afternoon’s Deal of the Day post by 11:59PM ET (with your first name, last initial, and home airport) to be eligible to win.