I was approved for a AMEX Delta Skymiles card yesterday. Not too happy with the CL, $1100, but will use as a springboard to build. My curiosity got the best of me and I applied again today for a Chase Platinum card and got the dreaded 30 day notice (should have applied for the Freedom)
I don't plan on applying for at least 6 months, but can anyone tell me if back to back apps is a ok or not good?
By the way --- hadn't applied for anything in (1) year
Great Credit is Sexy EQ 793 / TU 791 / EX 773, 6/2017
congrats on the amex. if you do get a denial don't throw in the towel, try a recon (they do work, sometimes).
as for apps. some say it's better to take the hit and let the accounts age and inq fall of so you can build scores back up at the same time. others say the fewer hits the better.
since i'm very heavy on inq's i'm kinda biased, or just don't know any better.
with just two in a year though, i'd say you won't (shouldn't anyway) see a significant score hit. however if you keep apping be sure to spread the hards out. find out who pulls what cra and what scores are needed for the product that you want to app for.
My understanding is that if you are planning a credit feeding frenzy, as opposed to just suddenly becoming overwhelmed with the urge, do all your app'ing at once. That way the apps won't show up on your reports, lowering your scores, until you've gotten at least some approvals.
However, CCC's are wise to this, and some will soft you right after approval to see if you did this. If they think that you've taken on too much too quickly, they'll unapprove you PDQ.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit? FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007