Thoughts on My Credit Card Progression Timeline?

Help Needed / Question Forum
1

I currently have a Discover It Card, BOFA Unlimited Cash Rewards Card, and just got a Capital One SavorOne card this month. For the sake of Chase’s 5/24 rule, my current rate is 1/24 (the one being the SavorOne). My oldest account is the Discover It, which is about 4 years old.

With a current FICO score of around 740, I’m looking for thoughts on the following progression and the likelihood of making it happen. I aim to be in the Capital One and Chase ecosystems while also having a primary Costco card, as I plan on getting a Costco membership next month and will rely on it for groceries and gas.

Proposed Timeline:

  • July 2024: Apply for Citi Costco Card (for 4x gas points and connection to Costco executive membership)
  • August 2024: Apply for Chase Freedom Flex (to set up my Chase trifecta/bifecta for UR; also can stack the quarterly categories of the Discover It)
  • March 2025: Apply for Chase Sapphire Preferred (primary domestic travel card, as I prefer Chase’s travel partners to C1)
  • December 2025: Apply for Capital One Venture X (catch-all card and bifecta with SavorOne; also likely to use as my primary international travel card)

I might have been a bit conservative with the timeline, so please let me know if this could work or if I don’t need to space them out as much. I’ve also been eyeing the BILT Mastercard since I am a renter, but I’m unsure where that would fit in, and I would honestly prefer to prioritize these four cards first.

Questions:

  • Is this timeline realistic and optimal?
  • Should I adjust the spacing between applications?
  • Any suggestions on where the BILT Mastercard could fit into this plan?

Thanks for your input!

2

I added a section explaining the new Amex family-level rules and removed the Amex Platinum as a card possibly worth burning a 5/24 slot on accordingly. I also updated how Amex cards are listed in the over 5/24 section. The order in the list can be hard to explain, so I kept it vague there and explained the dedicated box instead.

I included Bilt in various places and mentioned that it could be worth burning a 5/24 slot on, though very rarely. This would apply to those with very high rent, plenty of non-rent spending for all the other cards they want, and a plan to stay under 5/24 for over a year, making it worthwhile to get Bilt before reaching 5/24. I understand that for many, it may be more advantageous to pay the 3% fee to put rent on another card instead of getting the Bilt card. However, people with very high rent often have more spending than they can use for MSRs, making the 3% fee a reasonable way to avoid this.

I also added the Citi Premier as a card possibly worth burning a 5/24 slot on. With the new 48-month rule, it may be wise to start that timer sooner rather than later.

Additionally, I included the Cap1 VentureX Business as a card that doesn’t show on your credit report and added the Wells Fargo Autograph Journey card.

I removed the Cap1 Spark Miles from the list of cards possibly worth burning a 5/24 slot on, as it hasn’t had the 200k bonus in many years and has only been 50k, so it’s not worth listing anymore.

Finally, I updated the bonus amounts to look for in various places.