My Latest Application Spree Results
Over the last week or so I have been on somewhat of an application spree for myself and for my wife. The results weren’t so pretty for me but they worked out ok for my wife. It is getting hard these days folks! I may need to take a little bit of a breather from my applications and focus on spending bonuses and bank bonuses for the next 6 months or so. I will go over my wife’s results tomorrow but here is mine from the last week.
For this round of applications I was trying to focus on cash back or somewhat equivalents. While looking at hotel options for my wife’s upcoming trip to Nassau I noticed the cash price for the Grand Hyatt Baha Mar was pretty reasonable. My goal of the applications was to find a way to cover that cost. That would allow me to pay the cash rate and upgrade her and her friend to a room with lounge access for only 3,000 Hyatt points a night. That was the plan at least!
Capital One Venture Card
I started with the Capital One Venture card with the recently increased 50,000 point sign up bonus ($500). This would have covered most of the cost of their room so it was a perfect fit. I decided on this over the Arrival Plus because that bonus recently dropped to 40,000.
Capital One is one of the more stingy lenders so I started with them first. I was denied for it about 6 months ago for too many recent accounts so I didn’t have the highest of hopes but went with it anyways. Capital One used to love me but not so much anymore!
RESULTS: Instant Denial
BOA Premium Rewards
Since the Capital One Venture card didn’t work out I decided to move onto a straight up cash bonus. The Bank Of America Premium rewards card comes with a $500 cash bonus when you spend $3,000 within 3 months. That would offset a majority of the hotel stay so I decided to go for it.
I checked my past applications and I didn’t fall within their newer 2, 3, 4 rule so I should be good, or so I thought! The denial letter said I had too many recent applications and credit from BOA, as well as, other banks.
RESULTS: Instant Denial
BOA Business Advantage Travel Rewards
Upon seeing the denial I assumed I must have missed an application in my notes that had me violating the 2, 3, 4 rule. No worries – Bank Of America doesn’t use the rule on business cards. Since I had already burned a hard pull, and BOA has combined business and personal applications for me in the past, what would be that harm.
I decided to go with the Business Advantage Travel card that comes with 25,000 points after $1,000 worth of purchases within 3 months. This would only cover about 40% of the room cost but something was better than nothing at this point.
I got a pending message…which was some hope. After a few days I called in to see if they just needed some more info etc. I was told I would be receiving a letter where I needed to submit documentation for approval. It has been a week and a half and I haven’t received anything yet. I am not sure it is worth the effort either.
RESULTS: Pending – Possible Forfeit
Barclaycard Wyndham Rewards
I had moved on from booking the room with cash and just transferred Ultimate Rewards points to Hyatt. I was over it. The other applications were from last week and yesterday news broke about the Wyndham increased offer coming back.
Barclaycard has always been kind to me so I thought I should give this a try…I was desperate at this point. Also their tie in with Total Rewards gives me some options (more about that tomorrow) where I don’t have to stay in a Wyndham hotel and it is still a valuable sign up bonus.
The offer is for 30,000 points after your first purchase with another 15,000 after $2,000 in spend within 3 months. I decided to give it a go and got a pending message. No big deal, I thought, they probably want me to move credit over like when they approved me for the Arrival Plus a few months back.
I called in this morning and after a few questions I was denied for too many new accounts within the last 12 months. Rock bottom folks – that is what this is!
RESULTS: Delayed Denial
Chase Marriott Business Card
A few hours after getting off the phone with Barclaycard I was about to give up. I had been thinking about getting the Marriott Business card with the announcement that was made earlier in the week.
It sounds like there will be new Marriott offerings coming out in 2018 so I wanted to get this card before it potentially went away. It is not a part of 5/24 even though the personal card is so another feather in it’s cap.
I went back and forth about it for a little bit, not wanting another denial to bum me out. I finally just said YOLO. And to my utter shock I was instantly approved! Finally!!! The instant approval surprised me, I thought I would at least need to move some credit from my Ink over to get it approved.
RESULTS: Instant Approval
If you made it all the way through this you can somewhat feel my pain. I had originally planned on 1 or 2 applications but the denials just led to more applications. Not the best move on my part. One out of five isn’t even good in baseball!
This was by far the worst round of applications I have ever had. Times are a changing and I need to be a little less fast and loose with my applications.
My plan going forward is to focus on upgrade and authorized user offers from Amex. This will keep my hard pulls and new accounts down. I also want to focus more on increased spending. This should give me a decent cool off period. I haven’t really stopped in 5 years so I am probably due for a break. Amex still shows me love so I may get a card or two from them if I get the itch.
After 6 months or so I will probably go back for the Bank Of America Premium card for the $500. That should be enough of a cool off period and it can get my BOA clock started up again.
Let me know in the comments if you have been having similar results lately.