This is the first card I've applied for in approximately 1 year since starting to repair/rebuild my credit.
I've been bringing down my revolving balances but currently they're at 78%-82%, but I just couldn't
resist applying on-line for the card. (I'm afraid an old collection account is going to re-appear any day, so I figured now was as good a time as any to apply.)
Fico Scores are:
TU: 664
EQ: 693
EX: 670
Instant approval: $8,500, Prime Rate + 5.99%, currently 13.74%
Balance Transfer 0.00% for 12 months from date of first balance.
With this card, my revolving balances will be 49%.
Current age on accounts is 14 years.
Does it make sense to apply for one more card? My thought process is that it will help
my revolving balances and give me a little security in case of emergency--I'd use the card very little.
From a hard inquiry perspective, does it make sense to apply on the same day for multiple cards? I think I read somewhere that inquiries at the same time or within 1-2 weeks are treated as a single inquiry.
Any advice is greatly appreciated.
Rust never sleeps and neither does my fico score...