topic Re: Multiple inquiries in Credit Card Applications

Multiple inquiries

Anonymous — Sat, 02 Jul 2016 23:56:21 GMT

I was approved for 3 credit cards in one day and the other 2 cards was declined because of too many inquiries. I do know that it takes approximately 6 months to gain your score back on your credit report due to hard inquiries. How long do I wait to apply again so they won't use the "multiple hard inquiries" against me? For sure I do qualify, just I was only turned down because I had too many inquiries. Or how long do they use the "multiple hard inquiries" against me?

Re: Multiple inquiries

Anonymous — Sun, 03 Jul 2016 00:06:08 GMT

What 2 cards were you denied ..?You can always call reconsideration line for review...!!

Re: Multiple inquiries

B335is — Sun, 03 Jul 2016 00:20:11 GMT

Welcome to the board andyb2016! Were these recent applications and which cards were they? What reasons for denial did they give you?

Re: Multiple inquiries

Anonymous — Sun, 03 Jul 2016 00:30:30 GMT

rocbydawood, Chase Sapphire and Citi ThankYou Preferred. Yes that's a good idea. They have mailed me the reasons why because of many inquiries. Is calling them always something useful? And I don't know what to say to them or persuade lol. It's been less than 30 days since I was declined.

B335is, thanks for the welcoming. One of the card was Citi ThankYou Preferred. This is the actual reason: "too many recent credit inquiries are recorded on your credit bureau report."

Re: Multiple inquiries

RonM21 — Sun, 03 Jul 2016 20:26:13 GMT

I'd wait at least six months, but it also depends on how many actual inquiries you have overall.

Re: Multiple inquiries

Anonymous — Mon, 04 Jul 2016 01:26:55 GMT

Don't ignore the fact that all those lenders softpull you next month and see everything, like barclays and commenity

Re: Multiple inquiries

dragontears — Mon, 04 Jul 2016 01:32:13 GMT

Citi tends to be sensitive to inquiries in the last 6 months but it is also a YMMV situation

Re: Multiple inquiries

Anonymous — Sat, 16 Jul 2016 04:36:21 GMT

I wouldn't try calling citi bank for reconsideration. They seem very strict on application inquiries.

Re: Multiple inquiries

Anonymous — Sat, 16 Jul 2016 16:03:52 GMT

@Anonymous wrote:
I wouldn't try calling citi bank for reconsideration. They seem very strict on application inquiries.

Not true. I was originally declined for too many inquries for Citi Diamond Perferred and called recon and was approved.