topic Re: Too Many Recent Inquires, I only Have One, bleep in Credit Card Applications

Too Many Recent Inquires, I only Have One, bleep UPDATE

Ron93 — Sat, 17 Jun 2023 20:50:13 GMT

I have a 810 score with a perfect credit report. I have 5 credit cards with a long history and no balances. I have one inquirery from last week in the last year. I applied for a Citi card and was turned down for too many recent inquiries. So I just applied to BOA and was turned down also. I don't have the reason yet. I have never been turned down for a card in my life or a car loan and nothing in my report has changed either. What is going on here.

Re: Too Many Recent Inquires, I only Have One, bleep

GZG — Mon, 12 Jun 2023 18:59:40 GMT

@Ron93 wrote:
I have a 810 score with a perfect credit report. I have 5 credit cards with a long history and no balances. I have one inquirery from last week in the last year. I applied for a Citi card and was turned down for too many recent inquiries. So I just applied to BOA and was turned down also. I don't have the reason yet. I have never been turned down for a card in my life or a car loan and nothing in my report has changed either. What is going on here.

pretty sure citi doesn't like to be included in app-sprees, they instant decline for any relatively recent inquires, was your last inquiry inside of 7 days?

BoA is also hit or miss, especially without a prior relationship

hopefully you can recon and get approvals

Re: Too Many Recent Inquires, I only Have One, bleep

CreditCuriosity — Mon, 12 Jun 2023 19:18:03 GMT

Yep citi is inquiry/new account sensitive. It is either one every 3 or 6 months not sure of current rules they are enforcing.. so likely have to wait one of those periods before trying again. Also 800's mean nothing I have well into 800's and been turned down many times more-so in the last few years as economy overall is not in great shape especially the banking industry. Honestly alot of lenders rather approve also at say a 700 as they know one is likely to pay more interest etc. Just my take on last few sentences.

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 19:17:48 GMT

Yes my latest inquirey was within 7 days to a credit union. Funny thing though is I have Citi card they just last week raised my limit to $26,300, I also have a BOA card with a limit of $15K , neither card has a balance.

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 19:28:14 GMT

Do you guys know of any cards that might not look at any recent inquires? I need a balance transfer to a business credit (this card does not show in my credit report) that it's promo rate is expiring in a month. I now have 3 inquiries in the last week all to no avail. My first one to the credit union was approved instantly for $30K but I can't prove my income so they told me no POI, no card. I don't want to keep applying if I am in that too many inquiries cycle now.

Re: Too Many Recent Inquires, I only Have One, bleep

800wannabe420 — Mon, 12 Jun 2023 19:36:13 GMT

@Ron93 wrote:
Do you guys know of any cards that might not look at any recent inquires? I need a balance transfer to a business credit (this card does not show in my credit report) that it's promo rate is expiring in a month. I now have 3 inquiries in the last week all to no avail. My first one to the credit union was approved instantly for $30K but I can't prove my income so they told me no POI, no card. I don't want to keep applying if I am in that too many inquiries cycle now.

@Ron93

Are you eligible for Navy Federal Credit Union membership?

They are not inquiry sensitive.

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 19:46:53 GMT

I have dealt with 3 credit unions in my life and in my other post I just mentioned one of them. I was all instantly approved and then was hit with the by the way we need your proof of income. I can't show income.

Re: Too Many Recent Inquires, I only Have One, bleep

800wannabe420 — Mon, 12 Jun 2023 20:17:02 GMT

@Ron93 wrote:
I have dealt with 3 credit unions in my life and in my other post I just mentioned one of them. I was all instantly approved and then was hit with the by the way we need your proof of income. I can't show income.

@Ron93

Navy rarely asks for POI

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 20:24:06 GMT

Not Eligble.

Re: Too Many Recent Inquires, I only Have One, bleep

M_Smart007 — Mon, 12 Jun 2023 20:38:31 GMT

@Ron93 wrote:
Do you guys know of any cards that might not look at any recent inquires? I need a balance transfer to a business credit (this card does not show in my credit report) that it's promo rate is expiring in a month. I now have 3 inquiries in the last week all to no avail. My first one to the credit union was approved instantly for $30K but I can't prove my income so they told me no POI, no card. I don't want to keep applying if I am in that too many inquiries cycle now.

@Ron93, What credit bureaus are your 3 inquiries on?

Also how many cards are reporting balances and how high is your utilization? also how many new cards in 6 & 12 months?

We might be able to give you a pointer or two .. if we knew a little more of what your profile looked like?

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 21:16:52 GMT

All are on Experian. I have Discover $31K limit, no balance. Citi $26.3K , no balance, BOA $15K no balance, Chase $13.3K and the only card with a whopping $138 balance. I also have a Amex Zinc card (the white one lol) but that is a charge card and it shows as just being on my reports but with no limit figures because there is none. No balance there also. I have a Edward Jones business credit card with a 25K limit and a 6K balance, that is where I want the balance transfer. BTW this card as with all business credit cards does not show on my credit report. I have 0 collections , 0 judgements 0 late payments on my history, in other words perfect. I have had 3 $40K car loans in the past 10 years all paid perfectly every month and on time and all were paid off early. I have no mortgage on my history because I never owned a house. My newest card is 4 years old, my oldest is 13. There you go my life story. lol Thanks.

Re: Too Many Recent Inquires, I only Have One, bleep

markhs777 — Mon, 12 Jun 2023 21:38:20 GMT

Several years ago I was turned down for a card and had 0 balances. I spoke with an analyst and even though it sounds counterintuitive the rationale was you have all this available credit so why do you need more?
Explained for a balanced transfer and she said when a balance shows apply again. Never did and no regrets.

Re: Too Many Recent Inquires, I only Have One, bleep

CH-7-Mission-Accomplished — Mon, 12 Jun 2023 21:53:11 GMT

@Ron93 wrote:
I have a 810 score with a perfect credit report. I have 5 credit cards with a long history and no balances. I have one inquirery from last week in the last year. I applied for a Citi card and was turned down for too many recent inquiries. So I just applied to BOA and was turned down also. I don't have the reason yet. I have never been turned down for a card in my life or a car loan and nothing in my report has changed either. What is going on here.

If you can't get in with Navy, anyone can join Penfed and they are similar in terms of offering high limits. Also, when you apply with them, you can apply for two-plus cards using the same HP. I would try Penfed and go for two cards. Also I recently opened a Wells Fargo Reflect for my spouse. They are offering 21 month balance transfers with a 3% initial BT fee. It's actually an 18-month 0 interest offer, but if you make all your payments on time, they will give you another 3 months at 0% with no more fee.

You might have to break this up to pay that $25K -- you know, you get two $10Ks and a $5K or whatever and do three BT's.

Since I've started typing, I can't see the thread and I can't remember if you have a Discover card. They have historically offered decent BT cards and if you have one of their cards, you can get a second one -- I think it just has to be one year past the first card's opening (double check on this, I'm going on memory).

Re: Too Many Recent Inquires, I only Have One, bleep

M_Smart007 — Mon, 12 Jun 2023 22:38:20 GMT

@Ron93 wrote:
All are on Experian. I have Discover $31K limit, no balance. Citi $26.3K , no balance, BOA $15K no balance, Chase $13.3K and the only card with a whopping $138 balance. I also have a Amex Zinc card (the white one lol) but that is a charge card and it shows as just being on my reports but with no limit figures because there is none. No balance there also. I have a Edward Jones business credit card with a 25K limit and a 6K balance, that is where I want the balance transfer. BTW this card as with all business credit cards does not show on my credit report. I have 0 collections , 0 judgements 0 late payments on my history, in other words perfect. I have had 3 $40K car loans in the past 10 years all paid perfectly every month and on time and all were paid off early. I have no mortgage on my history because I never owned a house. My newest card is 4 years old, my oldest is 13. There you go my life story. lol Thanks.

I was going to suggest PenFed CU, they almost never ask POI.

They pull Equifax.

https://www.penfed.org/credit-cards

May the odds be in your favor, should you decide to procede.

Re: Too Many Recent Inquires, I only Have One, bleep

M_Smart007 — Mon, 12 Jun 2023 22:43:15 GMT

@Ron93 wrote:
All are on Experian. I have Discover $31K limit, no balance. Citi $26.3K , no balance, BOA $15K no balance, Chase $13.3K and the only card with a whopping $138 balance. I also have a Amex Zinc card (the white one lol) but that is a charge card and it shows as just being on my reports but with no limit figures because there is none. No balance there also. I have a Edward Jones business credit card with a 25K limit and a 6K balance, that is where I want the balance transfer. BTW this card as with all business credit cards does not show on my credit report. I have 0 collections , 0 judgements 0 late payments on my history, in other words perfect. I have had 3 $40K car loans in the past 10 years all paid perfectly every month and on time and all were paid off early. I have no mortgage on my history because I never owned a house. My newest card is 4 years old, my oldest is 13. There you go my life story. lol Thanks.

The other thought, is to call Discover and ask about a balance transfer offer?

It might be worth a shot in the dark.

ETA: Thanks for sharing life story

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 23:11:49 GMT

Yes I have Discover and are on very good terms with them, getting a balance transfer is no problem, but a 4%fee. Secondly I don't owe $25K on that business card, like I said I owe $6K that will go to 20% on 8/16 if I don't pay it off. All this nonesense started last week when I went to FCU because they were the only one of four that had a 0% balance transfer fee card that would apply to me. When that went south I went to the longest cards at 21 months 0% for balance transfers at a 3% fee ( Citi and BOA). Now that those backfired I am getting hesitant to apply for another card.

Re: Too Many Recent Inquires, I only Have One, bleep

CH-7-Mission-Accomplished — Mon, 12 Jun 2023 23:21:18 GMT

I would wait for the decline letter before moving forward. Your HP's aren't going anywhere.

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Mon, 12 Jun 2023 23:37:34 GMT

Re: Too Many Recent Inquires, I only Have One, **bleep**

I would wait for the decline letter before moving forward. Your HP's aren't going anywhere

I was thinking the same thing.

Re: Too Many Recent Inquires, I only Have One, bleep

Ron93 — Sat, 17 Jun 2023 20:44:17 GMT

UPDATE!

So I got the BOA letter stating they could not verify Social Security number and they want POI. So that's out. So I just applied to Wells Fargo for the Reflect Card and was instantly approved for $15K. They also use Experian so that's 4 hits in the last week, all on Experian. Finally a end to all this madness.

Re: Too Many Recent Inquires, I only Have One, bleep

gingerflower — Sun, 18 Jun 2023 03:38:37 GMT

@Ron93

Congratulations on your WF Reflect Cc with a nice SL!

topic Re: Too Many Recent Inquires, I only Have One, **bleep** in Credit Card Applications

Too Many Recent Inquires, I only Have One, **bleep** UPDATE

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topic Re: Too Many Recent Inquires, I only Have One, bleep in Credit Card Applications

Too Many Recent Inquires, I only Have One, bleep UPDATE

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