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Best time to apply for a credit card?

Regular Contributor

Best time to apply for a credit card?

 

 

Can someone tell me what the best time of the year to apply for a credit card? or ask for an increase?

8 REPLIES
Valued Contributor

Re: Best time to apply for a credit card?

Probably different for everyone, but I've always had the most success around the the holidays (of course) and then in the summer months right before back to school shopping starts. 


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Frequent Contributor

Re: Best time to apply for a credit card?

Holidays, and I've also had success in the late afternoons, don't ask why but I never apply for a card over the weekend or first thing in the morning.

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Frequent Contributor

Re: Best time to apply for a credit card?

If you're getting an AmEx that's going to be backdated do it in January for maximum AAoA. Otherwise, depends more on how the economy is doing, if banks are feeling generous.


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Valued Contributor

Re: Best time to apply for a credit card?


Strepthroat wrote:

Holidays, and I've also had success in the late afternoons, don't ask why but I never apply for a card over the weekend or first thing in the morning.



Late afternoons?  You'd think they would just decline everyone so they could run out of the office quicker!

 


LTomBerry wrote:

If you're getting an AmEx that's going to be backdated do it in January for maximum AAoA. Otherwise, depends more on how the economy is doing, if banks are feeling generous.


 Why would it matter if you're going to have it backdated? 

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Senior Contributor

Re: Best time to apply for a credit card?


ptr2593 wrote:


..LTomBerry wrote:

If you're getting an AmEx that's going to be backdated do it in January for maximum AAoA. Otherwise, depends more on how the economy is doing, if banks are feeling generous.


 Why would it matter if you're going to have it backdated? 


They backdate the year, but the month is the application month.

Frequent Contributor

Re: Best time to apply for a credit card?


Wolf3 wrote:

ptr2593 wrote:


..LTomBerry wrote:

If you're getting an AmEx that's going to be backdated do it in January for maximum AAoA. Otherwise, depends more on how the economy is doing, if banks are feeling generous.


 Why would it matter if you're going to have it backdated? 


They backdate the year, but the month is the application month.


You know, I kept seeing this over and over and until I read the post by LTomBerry I never understood why january. Now I do.

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Valued Contributor

Re: Best time to apply for a credit card?


Wolf3 wrote:

ptr2593 wrote:


..LTomBerry wrote:

If you're getting an AmEx that's going to be backdated do it in January for maximum AAoA. Otherwise, depends more on how the economy is doing, if banks are feeling generous.


 Why would it matter if you're going to have it backdated? 


They backdate the year, but the month is the application month.


 

So if you are backdating to, say, 1999, you'd be better off apping in Jan 2012 than Dec 2011.  Makes sense!

 

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Valued Contributor

Re: Best time to apply for a credit card?


Strepthroat wrote:

Holidays, and I've also had success in the late afternoons, don't ask why but I never apply for a card over the weekend or first thing in the morning.


Wonder if a full moon helps/hinders?



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