05-11-2011 02:07 AM
Have a quick question. I have excellent credit and was just approved for an Amex gold card about a month ago. I Have a used it a few times, paid off the balance completely etc. etc. Fantastic card to have. But I am wanting to apply for the Chase Saphire card now for the rewards and to replace my Capitol One Visa which I wasn't getting any rewards for.
However, since I was just approved for amex gold a month ago would it be to soon to apply for Chase Sapphire? Just have two credit cards total. Great credit. Only applied for one of them the amex gold last month but I've read applying for to many cards so soon can hurt? WIll I be okay applying for the Chase Saphire or do I need to wait? Thanks a lot for any replies in advance.
05-11-2011 07:07 AM
Hi imjoshmac! Welcome to the FICO Forums!
First, congrats on your excellent credit standing!
Do you know what your average age of accounts is? How old is your Cap1 card? Do you have any other INQs, other than the one from Amex?
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
05-11-2011 08:57 PM
Thanks for the welcome. Good to be here. =) My cap One Visa is 3-4 years old. No other recent INQ's except from Amex that I know of. Not sure about average age of accounts?
05-11-2011 09:56 PM
AMEX is slow in reporting new acct so your AMEX card might not even hit the CR yet...but Chase might decline you for "too few credit references". Never knows for sure until you try.