topic Re: New Card Applications. Best to do it once in a while or multiple cards at once in Credit Cards

New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 16:54:53 GMT

What is the Best Strategy when applying for new cards.

Apply for 1 Card and get approved and stop

Apply for 2 different cards and get approved and stop

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 17:00:15 GMT

All depends on how many cards your applying for and the limits you get during the process

Other fatcors also play a key roll

How many INQ's you have now

Scores at time of app or apps

Spreading INQ's across all CB's

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:03:44 GMT

well i have one inquiry and that JUST got approved (Discover IT Card)

I want to know if I should wait before applying for Amex a few months or can I apply it now)

Score at the time of App right now is ~725-730 across all 3

Re: New Card Applications. Best to do it once in a while or multiple cards at once

09Lexie — Mon, 11 Nov 2013 19:09:23 GMT

Are you waiting due to the inq or do you need to show more rev cc history?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:11:30 GMT

No I was wondering what the best strategy is to getting multiple cards. I was just approved for discover instantly right now so should I wait a few months to a year before applying for an AMEX or should I apply for it right now too.

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 19:20:57 GMT

@rollerkosh wrote:
No I was wondering what the best strategy is to getting multiple cards. I was just approved for discover instantly right now so should I wait a few months to a year before applying for an AMEX or should I apply for it right now too.

Were you approved for Discover today?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Anonymous — Mon, 11 Nov 2013 19:23:13 GMT

I would apply 2 cards and stop

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:34:29 GMT

Yes Applied today and approved today. 1 hour ago

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 19:36:52 GMT

@rollerkosh wrote:
Yes Applied today and approved today. 1 hour ago

Then get all apps out the way

App your next card so all INQ's and cards age together

Good luck

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:37:34 GMT

maximum 2 right?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 19:38:40 GMT

@rollerkosh wrote:
maximum 2 right?

What other cards beside Amex would you like?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:41:36 GMT

Not looking more than 2 anyway

Its between

Chase Freedom

Chase Saphire

Amex BCP

Amex BCE

Sallie Mae Mastercard

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 19:44:57 GMT

@rollerkosh wrote:
Not looking more than 2 anyway

Its between

Chase Freedom
Chase Saphire
Amex BCP
Amex BCE
Sallie Mae Mastercard

Pick one app and then we'll take it from there

Question what other cards do you have?

Looking at your list of wants I think you have a thin file is this correct?

What limit did Discover give you?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Scupra — Mon, 11 Nov 2013 19:46:51 GMT

Maybe some info on what you have now and what your credit profile looks like would help everyone. Congrats on the Discover! Good luck with whatever you decide to do! (sorry if I missed info on what your credit situation is like now) edit: myjourney beat me to it

Re: New Card Applications. Best to do it once in a while or multiple cards at once

rollerkosh — Mon, 11 Nov 2013 19:54:58 GMT

Discover havent given me a limit, they said you are approved. wait for an email while your account is created for Discover.com.

Also I have 4 other CC .

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Scupra — Mon, 11 Nov 2013 19:56:08 GMT

@rollerkosh wrote:
Discover havent given me a limit, they said you are approved. wait for an email while your account is created for Discover.com.

Also I have 4 other CC .

What cards are they? What are the limits? Whats your AAoA? Whats your utilization like right now?

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 20:01:34 GMT

@rollerkosh wrote:
Discover havent given me a limit, they said you are approved. wait for an email while your account is created for Discover.com.

Also I have 4 other CC .

Ok you have time stop now don't apply for Amex yet ..

Step 1 call Discover and get limit

Step 2 need to know what cards you have now, how long you've had them and the limits

Step 3 update thread and we can go from there

Re: New Card Applications. Best to do it once in a while or multiple cards at once

myjourney — Mon, 11 Nov 2013 20:02:36 GMT

@Scupra wrote:
@rollerkosh wrote:
Discover havent given me a limit, they said you are approved. wait for an email while your account is created for Discover.com.

Also I have 4 other CC .
What cards are they? What are the limits? Whats your AAoA? Whats your utilization like right now?

Were thinking alike

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Anonymous — Mon, 11 Nov 2013 20:04:07 GMT

It sounds as if you believe that the Inq threshold is very low (more than 2 is bad). Many people successfully apply with many more inqs, easier with a thicker file. While CRs, Credit Karma will indicate a lot of inquiries as a negative feature, it is often not that critical, if the rest of the report is fine. And, past a certain point, additional inquiries seem to have no more impact...

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Revelate — Mon, 11 Nov 2013 20:12:41 GMT