Does Inquiries Hurt my chances of CLI's

[TeeandDee]

Hi! I went on an app spree late Jan - Feb and the results were a few store cards, Chase Freedom and Discover More.  My question is, will the inquiries hurt my my chances of gettting CLIs on my new cards at 3 months or 6 months? I have about 9.

[pizzadude]

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@TeeandDee wrote:

Hi! I went on an app spree late Jan - Feb and the results were a few store cards, Chase Freedom and Discover More.  My question is, will the inquiries hurt my my chances of gettting CLIs on my new cards at 3 months or 6 months? I have about 9.

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It really depends.  Some creditors are very inquiry sensitive - others aren't.   

[bichonmom]

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@TeeandDee wrote:

Hi! I went on an app spree late Jan - Feb and the results were a few store cards, Chase Freedom and Discover More.  My question is, will the inquiries hurt my my chances of gettting CLIs on my new cards at 3 months or 6 months? I have about 9.

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@I doubt the inq will -- though they no doubt lowered your score a bit, your score should rebound in time. What could hurt your CLI, IMO, is that you have so many new CCs. THAT is what they are going to be looking at: the CCs you have, when you got them, your CLs, your highest bal reported, your current util, etc. I would wait 6 mos before asking for any CLIs, with the exception of any GEMB CCs you may  have. On those, I'd try @ 4 mos since it's a SP.

[TeeandDee]

I'm pretty good in the utilization area...keeping it below 9%. Also my FICO scores have actually improved since my new cards started reporting. I think I will wait six months before I would initiate a cli...but I'm hoping for auto cli's.

[LS2982]

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@TeeandDee wrote:

Hi! I went on an app spree late Jan - Feb and the results were a few store cards, Chase Freedom and Discover More.  My question is, will the inquiries hurt my my chances of gettting CLIs on my new cards at 3 months or 6 months? I have about 9.

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After 6 months its possible but the newness of the INQ's will wear off.