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Established Contributor
TheCreditKid
Posts: 626
Registered: ‎08-14-2010

Should I app for another card or wait?

[ Edited ]

I was recently approved for 2 cards on the same month ( Amex ZYNC, Citi Diamond Preffered Rewards) yet I'm still not satisfied until I have the Bank of America Accelerated Rewards American Express or Discover. Should I apply or wait a while??? So far I have total of 2 Inquiries within 1 month and total of 4 inquiries on my Equifax. I want this card so bad!!

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All human wisdom is summed up in two words - wait and hope.

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Valued Contributor
bunnyrabbit
Posts: 1,413
Registered: ‎01-20-2008

Re: Should I app for another card or wait?


TheCreditKid wrote:

I was recently approved for 2 cards on the same month ( Amex ZYNC, Citi Diamond Preffered Rewards) yet I'm still not satisfied until I have the Bank of America Accelerated Rewards American Express or Discover. Should I apply or wait a while??? So far I have total of 2 Inquiries within 1 month and total of 4 inquiries on my Equifax. I want this card so bad!!


 

Please provide more information, so we can help you better. 

  • Your each ccs info ...  mo/yr of approval, CL, balance.
  • Your inq's mo/yr.
  • Your credit score.
  • Do you have any buddies?  any loans?

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It's very tough with small income ~ The Rewards are big little helper to me.
Mega Contributor
Creditaddict
Posts: 16,884
Registered: ‎10-23-2007

Re: Should I app for another card or wait?

If you want the Bank Of America amex, do the pre-qual site, that use to be the card they would offer if you were approved, it's a soft, if you don't get an offer I'm not sure I would waste an inq to apply

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Established Contributor
Uniqua
Posts: 683
Registered: ‎04-05-2008

Re: Should I app for another card or wait?

Why do you want it so bad?  Is it because it's an AmEx backed by a bank other than AmEx?  I hear it's a great card to have, but two prime cards in one month is enough.  I would wait at least 6 months to apply with BofA or Discover.  Give those two cards some time to show positive payment history.  Btw, what CLs did you receive?  Congrats on both.


Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


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Starting Score: 708
Current Score: 743
Goal Score: 800


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Mega Contributor
Creditaddict
Posts: 16,884
Registered: ‎10-23-2007

Re: Should I app for another card or wait?

I would apply as soon as your 2 new accounts are reporting to your credit.  This way you take the ding now for new accounts all at once, and your 4 inq will fall off the same time next year.

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200

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