topic Re: question about credit card application in Credit Cards

question about credit card application

Anonymous — Wed, 18 Mar 2009 04:03:37 GMT

just take for an example,

if I submit the application for American Express True earnings business card,

then half an hour later, I submit the application for penfed reward card,

then will Penfed see the American express' inquiry which was written to my credit profile

just half an hour ago?

what if the applicatio sequence is reversed?

Thanks a lot!

Re: question about credit card application

Anonymous — Wed, 18 Mar 2009 04:07:10 GMT

with American Express if you apply for 2 cards within 24hrs it's only 1 inquiry, they use the first inquiry for second card. good way to get easy approval if you have good scores

Re: question about credit card application

Creditaddict — Wed, 18 Mar 2009 04:19:47 GMT

If Penfed pulls EX, they will see the Amex inq from 30 min ago.

Re: question about credit card application

Anonymous — Wed, 18 Mar 2009 05:09:24 GMT

hah i soooo misunderstood the original question, ooops

Re: question about credit card application

itsjustmeibe — Wed, 18 Mar 2009 15:11:35 GMT

Penfed checks Equifax, AMEX most often checks EXP, so Penfed would not see the inquiry.......

@Anonymous wrote:
just take for an example,
if I submit the application for American Express True earnings business card,
then half an hour later, I submit the application for penfed reward card,
then will Penfed see the American express' inquiry which was written to my credit profile
just half an hour ago?
what if the applicatio sequence is reversed?
Thanks a lot!

Re: question about credit card application

Red1Blue — Wed, 18 Mar 2009 15:43:15 GMT

So what if they see. If they see let them see it. If you are applying for credit you are applying for one. I dont understand your logic and it should bother penfed would see the inq?

Re: question about credit card application

haulingthescoreup — Wed, 18 Mar 2009 23:53:52 GMT

concorduser wrote:
So what if they see. If they see let them see it. If you are applying for credit you are applying for one. I dont understand your logic and it should bother penfed would see the inq?

PenFed is famously touchy about not liking applicants who have been seeking credit.

When planning multiple apps that include PenFed, it's best to app them first, lest they get skittish when they see other inqs.

As mentioned above, though, a lender will only see inqs made on the report that they pull.

Re: question about credit card application

Anonymous — Thu, 19 Mar 2009 02:16:14 GMT

American Express usually pull all three credit reports.

In my example, it seems that I should first submit

penfed application (I assume my credit report is pulled

immediately after the 'submit' button is clicked..)

then if I go on to apply for AmEx, this Am Ex application

is better to be submitted within 30 minutes..

so are other applications, if any.

am I correct?

Re: question about credit card application

Anonymous — Thu, 19 Mar 2009 04:43:05 GMT

Inquiries post in real time....as soon as you click that submit button. I apped online for US Bank, went immediately to Credit Check Total and saw the inquiry there. Went right ahead to Citi and apped. Approved for both.

Re: question about credit card application

haulingthescoreup — Thu, 19 Mar 2009 12:09:30 GMT

kulin wrote:

American Express usually pull all three credit reports.
In my example, it seems that I should first submit
penfed application (I assume my credit report is pulled
immediately after the 'submit' button is clicked..)
then if I go on to apply for AmEx, this Am Ex application
is better to be submitted within 30 minutes..
so are other applications, if any.
am I correct?

There's no magic about 30 minutes.

PenFed pulls EQ, and AmEx generally pulls EX, so with luck, neither would see the other's inq. You just never know, though.

fwiw, when I did my app-o-rama last year, I app'd PenFed, then Chase, Citi, and BofA, in that order. A month later, I app'd AmEx Gold. Got them all. And by the time I app'd AmEx, all the other new accounts were showing, including the BofA with an $8,240 BT on it.

In my experience, AmEx doesn't mind other accounts if you're going for one of their charge cards, because they're going to get the annual fee off of you. They might be tougher on their CC's. I know that the $2500 CL they gave me on my new Blue is a lot lower than the approval figure I had on the Gold.

Re: question about credit card application

Anonymous — Thu, 19 Mar 2009 21:32:56 GMT

I see now.

but inquiry is recorded immediately, the score is not dropped at that moment.

so I prefer to apply more than one cards in one day,

before my score drops dramatically

for last time application, my score drops 14. At that time I only applied for one card, and

the score drop was triggered when this new account is added to my profile.