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Valued Member
Posts: 40
Registered: ‎04-28-2013
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Credit cards after closing

Since i just closed a house. I immediately apply for credit cards. Got approved for discovery it for $8k and american express blue sky for $5k. Can i apply for one more credit card like lowes or home depot? Will this so many inquiries affect me negatively in a few days/months? How many points , do you guys think will my credit score be lowered?
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Posts: 30,113
Registered: ‎02-07-2013
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Re: Credit cards after closing


Lpbelleza27 wrote:
Since i just closed a house. I immediately apply for credit cards. Got approved for discovery it for $8k and american express blue sky for $5k. Can i apply for one more credit card like lowes or home depot? Will this so many inquiries affect me negatively in a few days/months? How many points , do you guys think will my credit score be lowered?

Congrats on the house and new cards 

If you want one more card go for it. There's no way of telling how your scores will react sorry no one can tell you that may go up may go down

Good luck should you apply 

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved
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Posts: 27,207
Registered: ‎09-13-2012
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Re: Credit cards after closing

Congrats on the closing! I'd definitely say Lowes- and if the CL they approve is too low then call Credit Solutions. You will probably see a drop when your mortgage hits but it will rebound. I wouldn't go overboard in apping. Just get the cards you need cause its going to be awhile in the garden.
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Posts: 620
Registered: ‎05-09-2009
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Re: Credit cards after closing


myjourney wrote:

Lpbelleza27 wrote:
Since i just closed a house. I immediately apply for credit cards. Got approved for discovery it for $8k and american express blue sky for $5k. Can i apply for one more credit card like lowes or home depot? Will this so many inquiries affect me negatively in a few days/months? How many points , do you guys think will my credit score be lowered?

Congrats on the house and new cards 

If you want one more card go for it. There's no way of telling how your scores will react sorry no one can tell you that may go up may go down

Good luck should you apply 


I would say go for it now, and let all the inquiries age together at the same time.  Remember they stay for 2 years on your reports.  Afterwards, i would suggest gardening for 6-12 months before apping for anything else, and let your scores rebound.  Good to do it now before the mortgage starts reporting. 

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