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Applying for a new cc 4 months after getting 1st one?

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NC84
Regular Contributor

Applying for a new cc 4 months after getting 1st one?

I was wondering if it's a bad idea to apply for a card that soon? Capital one said they would increase my credit line on my platinum card from $1,000 to $1, 500 if I make my first 6 payments on time.  If I get denied for a new card will that effect my credit increase chance?  Thanks 

 

 

Discharged June 2015

Message 1 of 10
9 REPLIES 9
Scupra
Super Contributor

Re: Applying for a new cc 4 months after getting 1st one?

I would ask Cap1 for a CLI now and then apply for another Cap1

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 2 of 10
NC84
Regular Contributor

Re: Applying for a new cc 4 months after getting 1st one?

Okay thanks 

Message 3 of 10
Scupra
Super Contributor

Re: Applying for a new cc 4 months after getting 1st one?

No problem! Let us know the results!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 4 of 10
NC84
Regular Contributor

Re: Applying for a new cc 4 months after getting 1st one?

Wow! I just asked for a credit increase on the website and it went from $1,000 to $2,500!!  Thank you! So do I get a hard hit for the increase on my credit report?

Message 5 of 10
Scupra
Super Contributor

Re: Applying for a new cc 4 months after getting 1st one?


@NC84 wrote:

Wow! I just asked for a credit increase on the website and it went from $1,000 to $2,500!!  Thank you! So do I get a hard hit for the increase on my credit report?


It is a soft pull with Cap1 Smiley Happy Congrats! Now go get a 2nd card 

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 6 of 10
NC84
Regular Contributor

Re: Applying for a new cc 4 months after getting 1st one?

Awesome!  Am I less likely to get approved now though since I have a new $1,500 increase in credit? Maybe I should just take the soft pull and call it a day. 

Message 7 of 10
Shooting-For-800
Senior Contributor

Re: Applying for a new cc 4 months after getting 1st one?

Apply for Cap One QS1.

 

The fact that you got a CLI gives you MORE chance of approval for additional card, not less.

 

I know, it makes no sense.

 

I have had 7 accounts in the last 18 months.  They are odd, but rewarding!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 8 of 10
Scupra
Super Contributor

Re: Applying for a new cc 4 months after getting 1st one?

I haven't seen anyone approved for one card and not the second from Cap1

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 9 of 10
Anonymous
Not applicable

Re: Applying for a new cc 4 months after getting 1st one?

Listen to what they say. Go to the preapproval site. If you have cards listed that you are preapproved for, apply for 2 of them the same day. It will use the same set of pulls. Good luck!

 

One caveat. You can only have 2 rebuilder cards I believe, so 1 Platinum and 1 QuickSilverOne, but you can get the Quicksilver Visa or VentureOne or Venture.

Message 10 of 10
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