Reply
Contributor
Croselx
Posts: 139
Registered: ‎07-31-2012
0

Question about app sprees

I have a doubt regarding app sprees. I have read often that it is better to apply for credit on the same day if applying on several places so that apps go before the inquiries are posted. My question is, does this really work? I applied for 3 cards a few days ago and got approved for 2, the inquiries were there as soon as 6AM the next day (credit karma), the cards haven't reported yet.

 

I'm thinking if the creditors report immediately (or faster than you can walk/drive to the next store) to apply online for several cards using multiple windows xD (if it is legal).

 

 

As of Feb: AAoA 1 year, 10 months
CK TU: 740; Wal-Mart TU FICO: 721
CS EX: 715
8 CCs, 15 total accounts.
Negs on report: 1 30 day late aged 3 years
5 inquiries
Established Contributor
bahbahd
Posts: 731
Registered: ‎08-12-2011
0

Re: Question about app sprees

[ Edited ]

I would think a hard inquiry reports immediately since it is the hard inquiry for your credit report which is needed to approve you for the first card. There is no delay. So, the second app would pull a report showing one recent hard pull.... and so on. The only time I can see an 'app spree' avoiding this would be to choose card providers that you know pull from only one CRA and intentionally not overlapping or doubling up very much.

 

Edit: I should point out that I believe this simply because any soft pulls I do through all of the services I am signed up for seem to post immediately nd be visible on the next service, even when I pull the same day.


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+
}