topic Re: How many inq's in Credit Cards

How many inq's

Stonemanmv — Sun, 22 Sep 2013 16:58:04 GMT

My plan is to app for bcp, and a citi card ( would like chase ink for my bus also) in jan but in August I bought a new car and they shopped around and gave me more inq's. In jan I will have 5 inq's on ex, 2 on Eq , and 3 on tu. Should I wait til April when I have 3 on my ex, 2 on Eq, 2 tu. I have Amex bus cards now and not sure if that's going to help my chances for bcp( I think) but I've read that citi doesn't like inq's.

Re: How many inq's

Anonymous — Sun, 22 Sep 2013 17:02:29 GMT

Yes wait until Apr since your score may improve with the INQ's aging 6+ more months.

Re: How many inq's

myjourney — Sun, 22 Sep 2013 17:09:05 GMT

@Stonemanmv wrote:
My plan is to app for bcp, and a citi card ( would like chase ink for my bus also) in jan but in August I bought a new car and they shopped around and gave me more inq's. In jan I will have 5 inq's on ex, 2 on Eq , and 3 on tu. Should I wait til April when I have 3 on my ex, 2 on Eq, 2 tu. I have Amex bus cards now and not sure if that's going to help my chances for bcp( I think) but I've read that citi doesn't like inq's.

Both Chase and Citi can be INQ sensitive

The good news Chase on recon the INQ's for the car can be explained

I think your history with Amex business or personal will help

What the approvals will boil down to is how CR's and scores look at the time and remember Chase has it own internal scoring system.

Citi is just to hard to figure recon sucks IMO and you never know if they will approve or not .....I just stay away from Citi ...I also don't see a lot of value as far as rewards in Citi cards. They have a good BT product and maybe one decent reward card IMHO

They just scare the hell out of me and I've never been denied ..........funny huh

Re: How many inq's

Stonemanmv — Sun, 22 Sep 2013 17:09:49 GMT

That's what I thought. But I only have 2 good cards discover , us bank. And there's crap 1

Re: How many inq's

Stonemanmv — Sun, 22 Sep 2013 17:14:33 GMT

Yeah. Out of those 5 inq's 2 are for the car and 1 is for my bus amex. So there's just 2 for cards and they are six months old now. So I'm thinking I can get my utl down to 5% ish or lower ( it's at 22% now my scores will be well in the 700 range

Re: How many inq's

myjourney — Sun, 22 Sep 2013 17:16:24 GMT

@Stonemanmv wrote:
Yeah. Out of those 5 inq's 2 are for the car and 1 is for my bus amex. So there's just 2 for cards and they are six months old now. So I'm thinking I can get my utl down to 5% ish or lower ( it's at 22% now my scores will be well in the 700 range

UTL will play an important role as well

Re: How many inq's

Stonemanmv — Sun, 22 Sep 2013 17:17:33 GMT

Thanks for all the input

Re: How many inq's

JSS3 — Sun, 22 Sep 2013 17:28:59 GMT

The thing with, "Apply vs Garden" is you'll always be told to garden. LOL

Re: How many inq's

myjourney — Sun, 22 Sep 2013 17:29:40 GMT

@JSS3 wrote:
The thing with, "Apply vs Garden" is you'll always be told to garden. LOL

LOL

Re: How many inq's

Stonemanmv — Sun, 22 Sep 2013 17:36:47 GMT

Well I think the saying is don't app if you don't need. I have a good visa us b, discover, but no amex ( personal) and not a good master card really just 2 good cc's 3 total

Re: How many inq's

Themanwhocan — Sun, 22 Sep 2013 17:56:49 GMT

@Stonemanmv wrote:
That's what I thought. But I only have 2 good cards discover , us bank. And there's crap 1

The solution to that, is get a second US Bank card.

Re: How many inq's

Stonemanmv — Sun, 22 Sep 2013 18:09:59 GMT

I just called them fri, they told me to call back every month or so ( I'm trying to PC to cash + ) they said that they didn't see a offer for that but I could app for cash+ not sure that's worth a inq tho