topic Re: 16 cards in 3 months but Always denied.... in Credit Card Applications

16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:24:24 GMT

Hello, Im super sad I’m always denied when applying for an Amazon credit card. I received my first card in March and now I have so many inquiries (atleast 20 on all TU,EQ not sure about EX ) I can’t get approved for the card I really want (Amazon credit card). I’ve tried 2x with no luck. How long should I wait before applying again? Around what credit score is needed or will I have to wait years since my inquiries are so high?

Here’s the cards I was approved for in the last 3 months.

1.Marvel Mastercard ($1000)
2.Oldnavy Visa ($1600)
3.Barclay Apple Rewards ($1500)
4. Torrid ($250) 8th
5.Capital One Platinum ($500)
6.Kay Jewelers ($2500)
7.Walmart ($1000)
8.Discover ($500)
9.Helzberg ($1501)
10.Ulta ($500)
11.Target ($300)
12.eBay MasterCard ($300)
13.AtHome ($1500)
14.Gap($300)
15.Commerce Bank ($1000)
16.Synchrony Home ($2500)

TU :718
EQ: 708
Ex: 696

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:11:36 GMT

Well, you've added a lot in the last 3 months. You need to garden for awhile, I'd say a year at least before you apply for anything else. And if you're wanting the Chase version of the Amazon card, you need to garden for 2 years to be under 5/24.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:16:14 GMT

Does that include applying for credit limit increases as well? Or Just applying for new cards?

Re: 16 cards in 3 months but Always denied....

hawkins — Sun, 23 Jun 2019 13:16:19 GMT

Too many store cards too. I would start getting rid of those. Unless you really shop a lot in those places no use in keeping them.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:18:08 GMT

This is why it is important to only apply for cards that you want and that will be useful to you. It looks like you’ve applied for every card you came across. Now you’ve got yourself jammed up for a few years.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:19:25 GMT

I shop at all those places except helzberg maybe twice a year.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:21:08 GMT

I applied for cards at all the places I shop. That sucks 😩

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:26:39 GMT

Yeah you definitely need to let your reports cool off. As stated, the Amazon Visa is backed by Chase, and due to the 5/24 rule you’re out of the running for at least 21 months (they won’t approve you if you’ve opened 5 accounts in the last 24 months). The Amazon store card will be in reach sooner as that’s backed by Synchrony I believe, but yeah you shouldn’t apply for anything other than CLIs that are approved via soft pull. No new HPs for a year at the very least.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:33:50 GMT

I wish I would’ve found this forum a lot sooner. Thanks for your help.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:35:57 GMT

That is quite the recent collection of cards. I really don't think you are in the clear just yet of keeping some of the ones that you have. Even if your credit score is perfect, you can still be denied credit. Too many new accounts and too many inquiries are some of those reasons that people find themselves denied. I would cool it for at least a year while developing a positive payment history on the ones that you have.

Re: 16 cards in 3 months but Always denied....

GApeachy — Sun, 23 Jun 2019 13:39:37 GMT

@Anonymous wrote:
Yeah you definitely need to let your reports cool off.

but yeah you shouldn’t apply for anything other than CLIs that are approved via soft pull. No new HPs for a year at the very least.

Agree with @ImTheDevil and it may be hard to get a cli anytime soon as "credit seeking" (too many cards in a short period of time) can thwart that as well. Definitely let your cards (credit report) age for the next couple of years. You may want to wait to ask for cli's for a few months...maybe longer. Hang in there it will all come together and by the time you apply for the card you really, really want you will be viewed in a better light and possibly get a higher sl. It will be worth the wait Remember, it's so easy to apply, it's harder to resist.....just resist, you'll be glad you did.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:40:46 GMT

Agreed, gardening sucks but the payoff is worth it.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 13:42:38 GMT

Thank you so much for the advice 😊 I’m motivated to resist now lol.

Re: 16 cards in 3 months but Always denied....

GApeachy — Sun, 23 Jun 2019 13:51:30 GMT

@Anonymous wrote:
Thank you so much for the advice 😊 I’m motivated to resist now lol.

You and me both....don't feel bad I gotta cool things off too. Actually I gotta wait like 21 months as well so you and I can twiddle our thumbs together.

Re: 16 cards in 3 months but Always denied....

Streetervillelady — Sun, 23 Jun 2019 13:54:14 GMT

@Anonymous wrote:
Does that include applying for credit limit increases as well? Or Just applying for new cards?

As others have said, you should visit the garden for 2 years. Only requesting CLI that require no HP. Watch the UTI on the cards you have. Do some reseach, decide which are your goal cards. Develope a strategy to get them. Two years sounds like a long time but you will find hundreds of pages of gardeners that will share their 'Miracle-Gro'.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sun, 23 Jun 2019 15:01:55 GMT

I’m going to go against the grain here...

Since you already have a few Synchrony accounts, wait 6 months and show positive history on those then app for the Amazon Store Card if you want to get in with the 5% cash back on Amazon.

Normally I would agree with everyone else about gardening but unless you absolutely need the Chase VISA, the value the Amazon Store Card can have if you do a lot of shopping on Amazon could pretty much eclipse the rest of your cards. The vast majority of my spending is on my Amazon Store Card and that 5% cash back really adds up.

If you want the Chase version, you’re looking at a 2 year stay in the garden but Synchrony will open up a lot quicker once you show some payment history, especially since you already got the Marvel card which tends to have tougher UW than their store cards and other major cards.

Re: 16 cards in 3 months but Always denied....

Petit3tee — Sun, 23 Jun 2019 19:52:11 GMT

@Anonymous wrote:
Hello, Im super sad I’m always denied when applying for an Amazon credit card. I received my first card in March and now I have so many inquiries (atleast 20 on all TU,EQ not sure about EX ) I can’t get approved for the card I really want (Amazon credit card). I’ve tried 2x with no luck. How long should I wait before applying again? Around what credit score is needed or will I have to wait years since my inquiries are so high?

Here’s the cards I was approved for in the last 3 months.

1.Marvel Mastercard ($1000)
2.Oldnavy Visa ($1600)
3.Barclay Apple Rewards ($1500)
4. Torrid ($250) 8th
5.Capital One Platinum ($500)
6.Kay Jewelers ($2500)
7.Walmart ($1000)
8.Discover ($500)
9.Helzberg ($1501)
10.Ulta ($500)
11.Target ($300)
12.eBay MasterCard ($300)
13.AtHome ($1500)
14.Gap($300)
15.Commerce Bank ($1000)
16.Synchrony Home ($2500)

TU :718
EQ: 708
Ex: 696

So you're probably aware of their 5/24 rules by now. Like others have already mentioned, I would strongly suggest the same which is to let your report cool down and let those accounts age until you're under 5/24 (or close) to try again. Don't lose courage, I have seen many approval posts for Chase cards (Amazon is backed by them) when they're over 5/24. A little bit of a research might help you acheive your goal card sooner!

I'd like to make a suggestion as well as a woman who also loves makeup. Practice resisting, I know it's so easy to say yes to credit of those places you shop frequenly. They tend to give you big discount upon signing up but ultimately you'd want something that would give you benefits wherever you shop Again, you can have as many cards as you like but trust me when you only have a few cards that give you great benefits, chances of you forgetting the due dates are lower and just really peace of mind... Best of luck!

Re: 16 cards in 3 months but Always denied....

addicted_to_credit — Sun, 23 Jun 2019 19:00:27 GMT

You’d be better off not applying for anything for a couple of years. Chase seems a little picky when it comes to letting you in or so it seems but when they open up to you they don’t mind going big as long as chase feels your income supports it. If that’s your current FICO scores they are not bad. In fact your EQ & EX are better than mine and chase pulled both - I had 2 inq’s on EX and none on EQ I still have a charge off / collection on those two (it’s supposed to fall off next month according to EX). Long story short, chase approved me for the sapphire preferred with an 18.7k limit, how I got one that large I dont know might be because I’m an AU on a southwest card and we’ve run a ton through it in 3 months and pretty much always PIF.

If I was you I’d lay-off the apps for a while probably close some, garden the rest and you’ll be able to get past sub 5k limits...I say this because once I got a cc with a 5k limit it’s seems like a whole new world of credit opened up. Definitely not knocking as we’ve all been there. Hope this helps.....

Re: 16 cards in 3 months but Always denied....

Anonymous — Sat, 29 Jun 2019 05:23:06 GMT

Why are you applying for all these store cards I mean they are a complete waste unless you spend alot of money in that store. You would have been better off applying for a card that you can use anywhere instead of wasting a HP applying for a card you can only use at 1 store. I don't see the logic in applying for a store card. Apply for a Visa or Matercard you have a good chance of getting approved for and use that card in that store and anywhere else you want.

Re: 16 cards in 3 months but Always denied....

Anonymous — Sat, 29 Jun 2019 05:29:27 GMT

At the time I didn’t think about that. I applied for cards at stores I normally shop at a couple times a month. I probably won’t ever apply for another store card again.