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Credit Gonna tank any worse or am i good?

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Sabrian31487
Regular Contributor

Credit Gonna tank any worse or am i good?

So little background of my situation, Applied for quite a few cards recently 

Amex - Approved 2000

Amazon Chase - Denied

Capital one Quicksilver - Denied

Bank Americard - Denied

 

So i racked up atleast 4 to 5 inquiries in the past month and my fico for walmart is a 710 (july). The only thing that has not happened yet is my Amex has not reported to the CA's ... Since the inquiries are automatically added and count towards credit report right away, My fico might only drop a few more points when my Amex reports right?

 

Hope my score doesnt tank horribly but i am definately done apping for a while.. those denials hurt my heart Smiley Sad

Discover IT 02/2013 (1000.00),Chase Freedom 02/2013 (3000.00),AmEx Blue Cash Everyday 06/2013 (3000.00)
Citi Simplicity 06/2013 (1000.00)
TU FICO - 718 , CK TU - 738 , Credit.com EX - 727, Quizzle.com - 720, CreditSesame.com - 720

Message 1 of 7
6 REPLIES 6
09Lexie
Moderator Emerita

Re: Credit Gonna tank any worse or am i good?

It depends on when you applied ( I guess before July 2 nd) and your AAOA. If it drops to less than 1yr when Amex is added, you will probably see a larger ding. Thicker files usually can absorb 1 new acct.
Message 2 of 7
Pilotdude
Established Contributor

Re: Credit Gonna tank any worse or am i good?

Your Cards

Capital One Secured visa 09/2012 (416.00) - I assume you keep this for your AAoA.
OneStopPlus.com Store card 02/2013 (750.00) -  No need to change this.
Walmart Store Card 02/2013 (850.00) - I hate Walmart (Its a freak show in their stores) but maybe call the GE backdoor number and try a sp cli
Discover IT 02/2013 (1000.00) -- Call the backdoor number and see if you can get a CLI.  If they say no, ask to talk to the Disc IT credit analyst.
Chase Freedom 02/2013 (3000.00) - Let it sit til its 6 months old minimum, then ask for a CLI.  Chase recon dept is awesom.
AmEx Blue Cash Everyday 06/2013 (3000.00)- 3xCLI in 61 days

 

I would stop apping for anything else and just grow what you have.  You have decent cards and if you convince them that you only want to play in their sandboxes, ALL of them will show you some nice luv as far as CLIs.  This will help your AAoA by not incurrring any new inquiries. Smiley Happy

 

The small hit you will take on AAoA for the Amex is well worth it for the BCE. Smiley Happy


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Message 3 of 7
knoregs
Established Contributor

Re: Credit Gonna tank any worse or am i good?

Congrats on AMEX BCE! Time to hit the garden for a bit and let those accounts age.

 

~kn


EQ: 700 (FICO ScoreWatch) 11/26/14
EX: ??? (No Current)
TU: 681 (Discover FICO) 11/12/14

Last App 9/22/14... In Garden 'till Summer '15
Message 4 of 7
LS2982
Mega Contributor

Re: Credit Gonna tank any worse or am i good?

Time to hit the Garden! Smiley Happy



EQ FICO 548 3/3/16
Message 5 of 7
GatorGuy
Valued Contributor

Re: Credit Gonna tank any worse or am i good?

Sorry about those denials. Atleast you got a good CL on the BCE!

Message 6 of 7
vpae
Established Contributor

Re: Credit Gonna tank any worse or am i good?


@Sabrian31487 wrote:

So little background of my situation, Applied for quite a few cards recently 

Amex - Approved 2000

Amazon Chase - Denied

Capital one Quicksilver - Denied

Bank Americard - Denied

 


I noticed you didn't mention attempting recon on any of these cards. Did you try to no avail?

12/19/19 06/11/20 07/02/20
Total CL: $708,900. Largest CL: Amex Bonvoy Brilliant $70K. Apple Card $40K. Chase Ritz Carlton $35K. Mouseover for individual CLs
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