Valued Member
Posts: 34
Registered: ‎02-17-2013

4 Inquiries

I have 4 Inquiries in the past two years..When is it safe to apply for a new card?
my AAOA is 9 Months and my oldest card is 11 Months. I was going to hold off from applying for new cards until May which is a month after my secured card turns one year.
Here are my inquiries;

Chase -          09/13/11
Sprint -           10/22/11

Wells Fargo -  04/06/12

Best Buy -      07/03/12


My two cards if it helps
WF Secured                   04/08/12       $300
Macy's                           08/01/12       $1000


Utilization - <1%

Valued Contributor
Posts: 1,267
Registered: ‎11-10-2012

Re: 4 Inquiries

I think that your plan is solid. At the one year mark, you should be ok to apply for a couple cards. Do you know your credit scores?

My Wallet: WalMart: ||10k|| USAA Platinum MC: ||13k|| Amex Delta Gold: ||2k||; BCE: ||9k|| Chase Freedom Siggy: ||10k||
Discover it: ||6.5k|| SG Visa: ||7k|| USAA World MC: ||13k|| US Bank Cash+ Siggy: ||5k|| Citi TYP World MC: ||10.5k||
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Fico Scores: EQ 700 (SW),TU 745 (Walmart), EX 738 (myfico) Last app: Arrival World MC 2-1-14
New Contributor
Posts: 103
Registered: ‎02-19-2013

Re: 4 Inquiries

[ Edited ]

As far as inquiries go I think you're fine. They don't factor into your FICO score after 1 year although they remain on your CR for 2 years. I agree that you should wait until your WF card hits a year before applying. What cards are you interested in?

Valued Member
Posts: 34
Registered: ‎02-17-2013

Re: 4 Inquiries

I'm sorry but I don't know my FICO scores.
and all I really have in mind is the American Express (Green or Gold) card.
I'm hoping that my WF gets graduated and at least be given a modest CLI

Mega Contributor
Posts: 15,434
Registered: ‎04-09-2011

Re: 4 Inquiries

If your looking for just an AMEX charge card I think you would be fine now to app if you like.

Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012

Re: 4 Inquiries

LS2982 wrote:
If your looking for just an AMEX charge card I think you would be fine now to app if you like.

I agree, they are easy to get approved for if you have no baddies

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Valued Contributor
Posts: 2,948
Registered: ‎10-02-2012

Re: 4 Inquiries

what is the point of a AMEX charge card? if it doesnt report a CL? is it just so you can get your foot in with them and then get a revolver? Havent quite gotten the point of having one. Thanks

Wells Fargo Platinum VISA $1,000
Sony VISA $500
Bloomingdale's Credit Card $800
Macy's Credit Card $600
EX FICO---,EQ FICO---,TU FICO---, AAOA---, In the Garden Since 03-25-
New Contributor
Posts: 69
Registered: ‎01-15-2012

Re: 4 Inquiries

[ Edited ]

Charge cards don't report a limit and don't factor in to utilization; additionally, you have to pay in full (helps build discipline if you need), and some find great value in the benefits some of the cards offer.

OP - I am borderline on approval with your length of history being short, but I do feel the others saying you'll get it are probably right. If you don't have to have it now, waiting until that one year mark hits may better secure your chances.

Whatever you decide, good luck!

Super Contributor
Posts: 6,828
Registered: ‎02-27-2013

Re: 4 Inquiries

BearsAndTurtlesRtheBest wrote:

what is the point of a AMEX charge card? if it doesnt report a CL? is it just so you can get your foot in with them and then get a revolver? Havent quite gotten the point of having one. Thanks

Pretty much that.

And the rewards. Certain charge cards like the Platinum and premier rewards gold have very nice benefits if you travel (free hotel upgrades, etc).


to the OP:

Wait till your WF hits 1 year. Ask them to unsecure it. WF is pretty easy to work with as long as your account status is good. Then feel free and apply for other cards. I don't think you will have any issues getting amex charge cards.

Before you apply, check your scores (even if its FAKO) to see which ballpark you are in right now so you can guesstimate your chances.

I think the green, gold  and platinum have very similar requirements with the exception of different income levels requirements

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Discover IT (15k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k).
Valued Member
Posts: 56
Registered: ‎10-10-2012

Re: 4 Inquiries

[ Edited ]

I personally think that if your score is 680 or so you can get in with Discover. If you are 700+, I think, even without a year, you will be approved (low limit). I would probably avoid banks like Citi and BofA as they tend to be prudish about lending. Do you bank with Chase? You can try for a freedom if you bank with them and they are likely to approve with maybe a 500 or 1000 limit. I think you have a good shot.


There's a few people here who were approved at 6 months going the secured route and no baddies on report. Your inquiries don't matter much after 6 months.

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