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Valued Member
larrylock
Posts: 33
Registered: ‎02-13-2009
0

Re: Should I apply for multiple cards or just one every so often?


smallfry wrote:
Don't worry about the F for total accounts from Credit Karma. That's number 1. Multiple applications for credit cards these days is a recipe for disaster. If you were to charge all your household bills for the month on your credit cards would that eat up 10% of your available credit? Sub 700 scores and multiple applications these days might get you inquiries that fall off simultaneously but they will all be declined. Go easy.

Thanks for the advise!

 

I get what you're saying about the inq's as that is what I was worried about, but I decided to bite the bullet and take my chances. I applied for the Discover online and was APPROVED! :smileyvery-happy:  However I didn't recieve any information as to what the CL is, but a follow up e-mail from Discover stated that it would take up to 30 days to process my application.  I'm not sure what that's all about, but hopfully it's an e-mail that goes out with every app regardless of approval or not.

 

Regardless, I'm done applying for the near futures and hopfully I can join the 700 club later this year!


Starting Score: EQ 550 TU 551
Current Score: 5/2010 EQ 712 5/2010 TU 711
Goal Score: EQ 720 TU 730


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Valued Member
larrylock
Posts: 33
Registered: ‎02-13-2009
0

Re: Should I apply for multiple cards or just one every so often?


howhow16 wrote:
is Discover more overall a better card than Chase Freedom?

Howhow, see if this helps

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=116335


Starting Score: EQ 550 TU 551
Current Score: 5/2010 EQ 712 5/2010 TU 711
Goal Score: EQ 720 TU 730


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Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Should I apply for multiple cards or just one every so often?

Congrats on the Discover approval.
Super Contributor
DI
Posts: 5,767
Registered: ‎01-28-2008
0

Re: Should I apply for multiple cards or just one every so often?

Congrats!! 
Super Contributor
DI
Posts: 5,767
Registered: ‎01-28-2008
0

Re: Should I apply for multiple cards or just one every so often?

It's a good feeling to see my excellent advice bring about an approval outcome.  
Regular Contributor
howhow16
Posts: 126
Registered: ‎01-31-2010
0

Re: Should I apply for multiple cards or just one every so often?

thanks larry for the link. It looks like a comparison between the old chase and discover road car...maybe i'll start a new thread to find out how people think about discover more vs the new chase freedom. 
Valued Member
larrylock
Posts: 33
Registered: ‎02-13-2009
0

Re: Should I apply for multiple cards or just one every so often?


howhow16 wrote:
thanks larry for the link. It looks like a comparison between the old chase and discover road car...maybe i'll start a new thread to find out how people think about discover more vs the new chase freedom. 

Sounds like a great idea. I'll look forward to seeing that!


Starting Score: EQ 550 TU 551
Current Score: 5/2010 EQ 712 5/2010 TU 711
Goal Score: EQ 720 TU 730


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Valued Member
larrylock
Posts: 33
Registered: ‎02-13-2009
0

Re: Should I apply for multiple cards or just one every so often?

Thanks Small and DI!

Starting Score: EQ 550 TU 551
Current Score: 5/2010 EQ 712 5/2010 TU 711
Goal Score: EQ 720 TU 730


Take the FICO Fitness Challenge

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