Reply
Contributor
Jungook
Posts: 189
Registered: ‎08-02-2013
0

Going on an "app spree" questions

[ Edited ]

Is there any benefit of applying for multiple cards at once? Does the # of inquiries look smaller since I would be submitting several applications at once?

 

EDIT: I meant the # of inquiries that show up before they pull my credit not after. sorry for the confusion

 

Thanks,

 

I also have another thread open regarding student loans and how they report if anybody could help me.

 

http://ficoforums.myfico.com/t5/Student-Loans/Federal-Direct-Subsidized-Loan-and-Perkin-s-Loan/td-p/...

Frequent Contributor
chrisw1968uk
Posts: 278
Registered: ‎08-03-2013
0

Re: Going on an "app spree" questions

I think that they are all counted as separate apps, but on the bright side - they will all fall of your Fico score at the same time next year :smileywink:

 

Amex BCE - Chase Slate - Citi Diamond Preferred - Citi Double Cash - Discover IT - US Bank Select Perks

Fico Target Of 780+ On All 3 By 12/14, currently 775 (10/17/14)

Frequent Contributor
CREDITSURFER
Posts: 303
Registered: ‎04-22-2013
0

Re: Going on an "app spree" questions

When it comes to inquiries  being scored as one, thats only when rate shopping for morgage or auto loan.

 

Most people submitt multiple cc applications at once to try and have the system not see all the inquiries after each other and if approved they age together.



Mouse over for CL
FICO EQ (670) 9/6, TUwalmart (725) 11/4, Discover FICO (725) 11/19, AMEX EX Pull (728) 11/29
GOAL: 750 with all
Contributor
Jungook
Posts: 189
Registered: ‎08-02-2013
0

Re: Going on an "app spree" questions

[ Edited ]

chrisw1968uk wrote:

I think that they are all counted as separate apps, but on the bright side - they will all fall of your Fico score at the same time next year :smileywink:

 


I understand that but when the companies are looking at my credit file will they see that I have inquiries from the other credit card companies that I submitted applications to only minutes apart from each app?

Valued Contributor
Luscher
Posts: 1,252
Registered: ‎03-24-2013
0

Re: Going on an "app spree" questions

fill them all out and press submit all at the same time and try and beat the computers!
CHASE FREEDOM | CHASE RITZ | AMEX BCE | | BOFA REWARDS | CITI TYP | DISCOVER IT | CHASE CSP
--------$32,000-------------$25,000---------$22,700-----------$18,000------------$11,000--------$8,750----------$5,000----

FICO - TU: 780 EX: 785 EQ: 760
Contributor
Jungook
Posts: 189
Registered: ‎08-02-2013
0

Re: Going on an "app spree" questions


Luscher wrote:
fill them all out and press submit all at the same time and try and beat the computers!

So basically I gotta be speedy gonzalez?

Valued Contributor
Luscher
Posts: 1,252
Registered: ‎03-24-2013
0

Re: Going on an "app spree" questions

Fill out all of the applications in different tabs. once its all filled out press submit tab over press submit tab over, repeat.
CHASE FREEDOM | CHASE RITZ | AMEX BCE | | BOFA REWARDS | CITI TYP | DISCOVER IT | CHASE CSP
--------$32,000-------------$25,000---------$22,700-----------$18,000------------$11,000--------$8,750----------$5,000----

FICO - TU: 780 EX: 785 EQ: 760
Established Contributor
missjae
Posts: 522
Registered: ‎07-18-2013
0

Re: Going on an "app spree" questions

You can try, but credit pulls are instant. Alternatively, you can try picking different lenders that are known to pull different reports so you don't get tons of inquiries on one report.
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: Going on an "app spree" questions

To clear up any misunderstanding as fast as you hit send the INQ shows up on your CR...The computer trick does not work..CB's have faster computers LOL

Yes other lenders will see that you had other INQ's that day..This is why we tell people to select different cards that pull different CB's so A won't see B or C

Make sense?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Valued Contributor
Luscher
Posts: 1,252
Registered: ‎03-24-2013
0

Re: Going on an "app spree" questions

ya, theres no 100 percent proof that my theory works. Ive tried it but I was most likely going to be approved no matter what for the 2 cards I tried it for considering my 0 utilization and high score at the time. but as always ymmv
CHASE FREEDOM | CHASE RITZ | AMEX BCE | | BOFA REWARDS | CITI TYP | DISCOVER IT | CHASE CSP
--------$32,000-------------$25,000---------$22,700-----------$18,000------------$11,000--------$8,750----------$5,000----

FICO - TU: 780 EX: 785 EQ: 760

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}