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Open 5 credit cards resently

Valued Member

Open 5 credit cards resently

Hi how long should I wait before applying for American express? I just got approved for a discover more for $5500, BCU visa card $1000, Papal Master card $1500

walmart card $600.00 chase freedom 500.00and just refinanced my car 

How long should I wait to app for a america express card?

 

Thanks

Message 1 of 9
8 REPLIES
Valued Contributor

Re: Open 5 credit cards resently


jf49rs wrote:

Hi how long should I wait before applying for American express? I just got approved for a discover more for $5500, BCU visa card $1000, Papal Master card $1500

walmart card $600.00 chase freedom 500.00and just refinanced my car 

How long should I wait to app for a america express card?

 

Thanks


Seems like 6 months is the magic number... or maybe 12 months.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 2 of 9
Established Contributor

what does your scores look like?

what does your scores look like?


Starting Score: 722
Current Score: Now 687 what the hockey sticks...from a 784 (Aug 12 EX 751 EQ Fico)
Goal Score: 800

If your outGo is more than your INcome than your UpKeep will become your downFALL.

Take the FICO Fitness Challenge


Message 3 of 9
Valued Contributor

Re: what does your scores look like?

Congrats on those approvals. How long ago did you get approved for them?

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 4 of 9
Regular Contributor

Re: what does your scores look like?

I would wait a good 12 months to let your inquiries go down a bit and for the accounts to report.  At this point you may get a higher starting limit therefore at the 61-day mark you can attempt a 3X CLI for even higher. If you attempt too soon you will get stuck with a low limit like some of the cards you just posted instead of a higher limit for having less inquiries and a higher AAoA.



Starting Score: EQ 675 | TU 688 | EX 702
Current Score: EQ 795 | TU 788 | EX 770
Goal Score: 750 (Across All 3)


Take the myFICO Fitness Challenge
Message 5 of 9
Valued Contributor

Re: Open 5 credit cards resently

at least 6mo. and with low util%
5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 6 of 9
Highlighted
Valued Member

Re: what does your scores look like?

Just yesterday and today I was aproved for the walmart card

and thanks

Message 7 of 9
Valued Member

Re: what does your scores look like?

My fico scores are on the 680's and I just bought a house last month but haven't made a payment yet $280k loan on the mortgage

Message 8 of 9
New Contributor

Re: Open 5 credit cards resently


jf49rs wrote:

Hi how long should I wait before applying for American express? I just got approved for a discover more for $5500, BCU visa card $1000, Papal Master card $1500

walmart card $600.00 chase freedom 500.00and just refinanced my car 

How long should I wait to app for a america express card?

 

Thanks


Does that one give you a special discount at the Vatican?  LOL

EQ FICO 695 (4/26/2012)
TU FAKO CK 723
Lender Pulls (for mortgage) 12/03/2012 - 698 EQ, 729 TU, 721 EX
Business Cards: Discover Business Miles and US Bank FlexPerks Cash Rewards
Personal Cards: Capital One, Chase Freedom, Chase Amazon, Wells Fargo Rewards, Amex Zync NPSL, Target, Chevron/Texaco Store Card and VISA, CareCredit
Message 9 of 9