topic Re: Multiple Applications?? in Credit Card Applications

Multiple Applications??

huntersimp — Thu, 23 Apr 2015 01:46:56 GMT

I have seen on the CC Approvals forum that people apply for 5 or 6 cards at the same time. Is this a good idea?

Re: Multiple Applications??

killer_queen229 — Thu, 23 Apr 2015 01:50:03 GMT

I think it would depend on a lot of things. Like history, aaoa, utl, score, inquiries etc. last time I did an app spree about a year and a half go. 3 approvals, 2 denials.

Re: Multiple Applications??

jamesdwi — Thu, 23 Apr 2015 02:52:29 GMT

I find 2-3 aplications in a day is about right, Apply for the card you want the most first, don't try to out think lenders about what report they pull, they will supprise you by double and tripple pulling your reports when you don't expect it. All else being equal then apply for cards that are the hardest to get.

Note it may be fun to see approval messages, and you will want to continue, but there are worse things than a denial, getting a $200 CL store card when you are solidly in primeville, or gettng a Prime card with a $500 or a $1000 CL, that will take forever to grow. Perhaps it never will. Just tell yourself the other cards will still be there and with higher starting CL's if you garden a few months.

Repeat this process ever 5-6 months perferably a year.

Re: Multiple Applications??

Anonymous — Thu, 23 Apr 2015 03:47:29 GMT

@huntersimp wrote:
I have seen on the CC Approvals forum that people apply for 5 or 6 cards at the same time. Is this a good idea?

It depends on your personal goals and temperament. I am conservative when it comes to credit so I wouldn't apply for multiple cards at once. In my decision making, I use a want vs need appraoch. Good luck!!!