topic Re: Want to apply for 3 cards the same time, please advice! in Credit Card Applications

Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 20:36:00 GMT

Hi guys, I have 797 Fico score, 100% payment history, Stellar credit history. Have Discover, Amex Green, and Chase cards, 2% Utilization Ratio.

Want to apply for PentFed Power Card, Capital One Venture, and Barklay card. I am new in this field, so please advice, is it smart to do the same time? I know there is hard inquiry for that, but was wondering each lender pulls separate inquire? Any other way to approach this with the minimum loss?

thank you.

Re: Want to apply for 3 cards the same time, please advice!

elixerin — Sun, 17 Nov 2019 20:58:02 GMT

unfortunately, there’s not much you can do without receiving inquiries. But what you can do is apply in order of what lender might be the most sensitive to inquiries to least, you score is good enough and the inquiries probably won’t hurt as bad as you might think

Re: Want to apply for 3 cards the same time, please advice!

elixerin — Sun, 17 Nov 2019 21:05:53 GMT

also if you currently bank with one of the lenders you’re trying to receive cards from you may be able to get away without receiving an inquiry with a call in, best wishes!

Re: Want to apply for 3 cards the same time, please advice!

chiefone4u — Sun, 17 Nov 2019 21:14:54 GMT

I would do Barclay first.

If you already are a member with PenFed, I'd do Capital one next... if no membership with PenFed, you'll want them to be your first or second application.

Capital One is going to do a hard pull from all 3 credit bureaus for your Venture card application (all credit cards actually).

The above is purely my opinion, YMMV

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:30:59 GMT

unfortunatly, I don't have an account of them.

@elixerin wrote:
also if you currently bank with one of the lenders you’re trying to receive cards from you may be able to get away without receiving an inquiry with a call in, best wishes!

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:33:39 GMT

thank you so much, so what I am going to do is: 1. create a membership, apply for PentFed, 2. Apply for Capital Venture, 3. third one *still looking for an appropriate.

@chiefone4u wrote:
I would do Barclay first.

If you already are a member with PenFed, I'd do Capital one next... if no membership with PenFed, you'll want them to be your first or second application.

Capital One is going to do a hard pull from all 3 credit bureaus for your Venture card application (all credit cards actually).

The above is purely my opinion, YMMV

Re: Want to apply for 3 cards the same time, please advice!

elixerin — Sun, 17 Nov 2019 21:36:48 GMT

That’s great, did you manage to get the TU report fixed regarding your previous post?

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:44:57 GMT

not really, I stuck with the content, I sent you pm regarding that...

@elixerin wrote:
That’s great, did you manage to get the TU report fixed regarding your previous post?

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:49:51 GMT

Since PF will HP you when you start your relationship (assuming you don't already have one) you're going to want to do both the new membership and CC app at the same time. As others have said, CapitalOne will nail all three CRAs when you apply. Barclays can be an odd duck but they will pull TU pretty consistently.

If you're trying to score all three, all at once, you could roll the dice and go on a one-day "spree". If it was me, I'd do them in the order you most desire them.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:50:18 GMT

PenFed (EQ)

Barkley (TU)

Capital One (EX, EQ, TU)

I would do PenFed first. You have to take pull for membership and sometimes a second pull for a card. Try calling in to apply. They might be able to use the same pull but the latest data points say they will pull again for CC app.

If approved you want to hit Barclay's next. They usually pull TU but you want to do it before the PenFed new account reports and possible lower your score

Then Capital One.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:55:37 GMT

I would try to remove that recent 30 day late on your TU report before applying to Barclays and even Cap1. Penfed you should be fine.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 21:56:51 GMT

Thank you so much, you really helping me to finalizing my decision. Just one more thing is there a way I can clean that inquires after opening the cards? And if it’s possible please advice

Re: Want to apply for 3 cards the same time, please advice!

Remedios — Sun, 17 Nov 2019 21:57:42 GMT

You've picked three lenders that happen to be very sensitive to credit seeking.
You're free to try, but cap one does three HPs, Barclay will SP another CRA in addition to the one they HP.
Not sure on Penfed.

The order in which you do this is almost irrelevant these days, because there will be SPs even past the approval.
I'd pick one or two, and garden for a while after that, or go with lenders who may not be as bothered by app sprees.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:00:59 GMT

@Anonymous wrote:
Thank you so much, you really helping me to finalizing my decision. Just one more thing is there a way I can clean that inquires after opening the cards? And if it’s possible please advice

No, they stick around for a while. HPs are scorable for 1 year and report for 2 years. That's the way the cookie crumbles.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:01:11 GMT

That’s the toughest part.... I really stuck with that how to fight with them, Citibank ignored my mails, they sent me the mail with statements that all looks correct, consequently, TU sent me the same way letter that all looks ok and no error in my account. But the true is that Equifax and Experian are clear w/ 100% payment history.
Please advice...

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:04:16 GMT

@Anonymous wrote:
That’s the toughest part.... I really stuck with that how to fight with them, Citibank ignored my mails, they sent me the mail with statements that all looks correct, consequently, TU sent me the same way letter that all looks ok and no error in my account. But the true is that Equifax and Experian are clear w/ 100% payment history.
Please advice...

To follow up on my previous post.....Barclays is going to pull TU without question. Cap1 will pull all 3. Penfed will pull EQ. So 2 of the 3 lenders are guaranteed to see the negative but I'm not sure if Penfed will SP TU or not.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:04:26 GMT

@Anonymous wrote:
That’s the toughest part.... I really stuck with that how to fight with them, Citibank ignored my mails, they sent me the mail with statements that all looks correct, consequently, TU sent me the same way letter that all looks ok and no error in my account. But the true is that Equifax and Experian are clear w/ 100% payment history.
Please advice...

I would start a thread specific to this (or many you have) in the Rebuilding subforum. You get more people with the required knowledge looking at your post than you will with this one buried down in this thread.

Re: Want to apply for 3 cards the same time, please advice!

Remedios — Sun, 17 Nov 2019 22:05:48 GMT

If you mess with HPs, your chance of getting slapped with fraud alerts is pretty good.
Besides, HP is not where the "damage" is, albeit temporarily one.
It's the new accounts that lenders will look at when leaning towards "no credit soup for you"

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:06:06 GMT

Thank you so much, probably I will start with Pended and finish with barclay, I will leave capital one for later... and one more question how to monitor all those inquiries real time, should I use the credit bureous services? And if yes which is better? I know Experian has $24.99 , pls advice.

Re: Want to apply for 3 cards the same time, please advice!

Anonymous — Sun, 17 Nov 2019 22:10:05 GMT

@Anonymous wrote:
Thank you so much, probably I will start with Pended and finish with barclay, I will leave capital one for later... and one more question how to monitor all those inquiries real time, should I use the credit bureous services? And if yes which is better? I know Experian has $24.99 , pls advice.

Free apps like Credit Karma are pretty decent for stuff like this.