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New Contributor
nishant1
Posts: 108
Registered: ‎12-23-2012

Re: how many inquiries arw too many?

In December I got approved for 6 out of 6 credit cards applied for . These were my 17th through 22nd cards after which I have stopped.

 

These 5 include PenFed, US Cash +, Citi, Chase and two store cards. The tally excludes Discover more changed to Discover IT.

 

I also refinanced my home in last two months to get mortgage rate of 2.7%, zero points for 15 years fixed. The mortgage is from local credit union.

 

 

Valued Contributor
visorboy1974
Posts: 1,129
Registered: ‎05-17-2010

Re: how many inquiries arw too many?

Your overall credit profile will determine how much inquiries impact your score.  For me, the first 3-4 inquiries will impact my score.  After that, it's not going to be dinged anymore.

 

You're not talking huge impact on scores either...maybe 10 points max.  

 

I'd say 20 is bordering on too many, but as one of the earlier posters has said, as long as you keep getting approved, who cares?  

Valued Member
coroc
Posts: 64
Registered: ‎11-01-2012

Re: how many inquiries arw too many?

Thanks for the information. I didnt know after a certain amount of inquiries they stop effecting u. I cant believe somd people have so manh inquiries omg
On my way! $FG
Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: how many inquiries arw too many?

My FICO actually dropped 51 points after I hit 29 inquires due to auto loan applications. LOL. My until is at 19% and I have balance on 3 cards. YMMV.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Valued Contributor
visorboy1974
Posts: 1,129
Registered: ‎05-17-2010

Re: how many inquiries arw too many?

[ Edited ]

I'd imagine you'll be rebucketed soon for all those inquiries.  I believe all auto credit inquiries are reclassified as one if they're within 30 days of each other.  

Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: how many inquiries arw too many?

Hopefully my FICO will jump back up. Had to update my scores to reflect my current FICO profile :smileysad:

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
New Visitor
Peets
Posts: 3
Registered: ‎01-01-2013

Re: how many inquiries arw too many?

when you start getting turned down for credit because of "too many inquiries," you have too many inquiries.  

New Member
DerekJeter
Posts: 4
Registered: ‎01-10-2013

Re: how many inquiries arw too many?

Curious, any "inquiry friendly" EQ Prime Card pullers out there?

Established Contributor
scenery_guy
Posts: 951
Registered: ‎07-24-2012

Re: how many inquiries arw too many?


visorboy1974 wrote:

I'd imagine you'll be rebucketed soon for all those inquiries.  I believe all auto credit inquiries are reclassified as one if they're within 30 days of each other.  


Yeah I thought that too and liberally shopped for an auto loan. Four auto loan inquiries total and even after 6 months I still have to explain them to lenders. Still (and apparently always will) appear as four inquiries. They never question the 13 other inquiries in less than 9 months for major credit cards and that makes me chuckle a bit. 

Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008

Re: how many inquiries arw too many?

Inquires are a YMMV thing. I have 8 on EX and I think that's a lot

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