I was currently just approved for 3 credit cards with Chase: $25k Saphire Reserve, $10k Sapphire Preferred & $8500 Amazon Prime. I'm looking to try and kill two birds with one stone and apply for a credit card & car loan with the same hard inquiry. Car loan is in $30k range and looking to get a CC $20k+. Questions:
1. My inquiries for the cards were EX & TU. Looks like both NFCU & PENFED pull EQ for auto. Should I apply before those new credit lines hit my account?
2. Considering all auto loans within a 14 day period only count as one hit on my credit. If I apply for the PENFED auto & NFCU auto first before asking them to use the same inquiry to apply for a CC? That way only counts as one hit on my score? Not sure if I need to be a PENFED member first.. I am already a NFCU member.
3. I have a $5k balance on my $25k NFCU card. Would you pay the entire amount off prior to applying or half, etc?
You will take a HP to join Penfed - you can then use that same HP to apply for as many products as you like within 60-90 days
Navy on the other hand never re-uses a hard pull, so expect as many pulls as products you apply for, full stop.