topic Re: Credit inquiries for credit cards in Credit Cards

Credit inquiries for credit cards

Anonymous — Tue, 28 Jul 2015 23:14:17 GMT

I'm starting to think about applying for a couple more cards. If I apply for both on the same day, will it count as only one inquiry or do credit cards work differently than say a car loan inquiry?

Re: Credit inquiries for credit cards

gdale6 — Tue, 28 Jul 2015 23:16:21 GMT

Each counts as one they do not work like auto or mortgage.

Re: Credit inquiries for credit cards

morgacj2004 — Tue, 28 Jul 2015 23:16:30 GMT

If you immediately apply one after another you can usually get by with one inquiry. However the longer you wait the more likely it will result in multiple HP.

Re: Credit inquiries for credit cards

OmarGB9 — Tue, 28 Jul 2015 23:17:42 GMT

^only if it's with the same lender and even then it's not a guarantee.

Re: Credit inquiries for credit cards

Anonymous — Tue, 28 Jul 2015 23:19:12 GMT

That's what I was thinking. Thank you for your help.

Re: Credit inquiries for credit cards

taxi818 — Tue, 28 Jul 2015 23:22:24 GMT

@OmarGB9 wrote:
^only if it's with the same lender and even then it's not a guarantee.

+1 it only happens with some lenders. Like amex. charge and revolver. sometimes cap one if you do it very fast. i mean lightning. but not lenders across the board. it will be one each for sure.

Re: Credit inquiries for credit cards

Anonymous — Wed, 29 Jul 2015 00:15:53 GMT

I've been able to do it with Cap 1, Amex, and Barclays.

Re: Credit inquiries for credit cards

Anonymous — Wed, 29 Jul 2015 03:08:31 GMT

@OmarGB9 wrote:
^only if it's with the same lender and even then it's not a guarantee.

I got lucky with capitalone doing back to back apps

So with same lender 1 HP is possible

Re: Credit inquiries for credit cards

kdm31091 — Wed, 29 Jul 2015 03:12:14 GMT

There's no guarantee of any HPs for cards being combined. You should count on and expect a HP for each product seperately. If they're combined great, but as a general rule it doesn't work the way it does with mortgages/auto loans etc.

Re: Credit inquiries for credit cards

FinStar — Wed, 29 Jul 2015 03:26:16 GMT

@Anonymous wrote:
@OmarGB9 wrote:
^only if it's with the same lender and even then it's not a guarantee.
I got lucky with capitalone doing back to back apps

So with same lender 1 HP is possible

This has been my experience as well. Capital One only pulled one HP for each CR for two cards (same lender). Chase has done this and Barclays as well. YEMV though!

Re: Credit inquiries for credit cards

OmarGB9 — Wed, 29 Jul 2015 03:27:08 GMT

Oh I got lucky too. One triple pull for both my venture and quicksilver apps.