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Applying for multiple cards in one day?

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Anonymous
Not applicable

Applying for multiple cards in one day?

I'd like to apply for Capitalone's Savorone, and the CSP. To get favorable results for both, would it be best to apply for both the same day rather than at different periods (say weeks apart, etc)? I'm unfamiliar with how soon companies report the inquiries

Message 1 of 11
10 REPLIES 10
dragontears
Senior Contributor

Re: Applying for multiple cards in one day?


@Anonymous wrote:

I'd like to apply for Capitalone's Savorone, and the CSP. To get favorable results for both, would it be best to apply for both the same day rather than at different periods (say weeks apart, etc)? I'm unfamiliar with how soon companies report the inquiries


Inquiries are pretty much instantaneous. Apply for the card you want the most first. 

Message 2 of 11
FinStar
Moderator Emeritus

Re: Applying for multiple cards in one day?

In addition to the above @Anonymous, just be aware that Capital One will pull 3 reports (1 of each CRA) and Chase has been known to pull a combination of 2.

Message 3 of 11
KLEXH25
Valued Contributor

Re: Applying for multiple cards in one day?

If you're just applying for two cards, it should be fine to do it on the same day. I don't think waiting a few days or weeks will be more beneficial, but it doesn't hurt either. As they say, go for the card you want most first. Although since one of those cards is Chase, I would personally do that one first. Capital One will pull all three CBs. 



Message 4 of 11
SouthJamaica
Mega Contributor

Re: Applying for multiple cards in one day?


@Anonymous wrote:

I'd like to apply for Capitalone's Savorone, and the CSP. To get favorable results for both, would it be best to apply for both the same day rather than at different periods (say weeks apart, etc)? I'm unfamiliar with how soon companies report the inquiries


Bad idea to apply for both, because Chase does not like to see other new cards right after it's approved you for a Chase card. So my advice would be to just apply for the CSP initially. If you get it, then wait 3 months to apply for the Savor.  If you don't get it then feel free to apply for the Savor right away.

 

Bear in mind that Capital One frequently triple pulls, and Chase frequently double pulls. So between the 2 applications you could wind up with 5 hard pulls.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 5 of 11
JLRDC909
Frequent Contributor

Re: Applying for multiple cards in one day?

1.  Chase first

2.  Cap1

 

They both can be finicky with approvals with inquiries. My advice is just apply for one card from Chase and move on!  There was some posts last year that a computer glitch was allowing multiple applications to be approved when people applied for several cards in one day. Chase not only shut down the subsequent apps but the initial one also. 

Chase doesn't like to see a lot of veracity when applying for cards. So id shoot for them first. Cap1 is notorious for pulling all three CBs. 

JR
Message 6 of 11
FalconSteve
Valued Contributor

Re: Applying for multiple cards in one day?

I have to agree with everyone who said you should apply for both at once. Chase likes to close accounts for that.They are also correct about Chase double pulling and Cap One Triple pulling.

 

Good luck

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Message 7 of 11
Anonymous
Not applicable

Re: Applying for multiple cards in one day?

Is it advisable to apply for three Chase cards in a month?

Message 8 of 11
FinStar
Moderator Emeritus

Re: Applying for multiple cards in one day?


@Anonymous wrote:

Is it advisable to apply for three Chase cards in a month?


No.

 

Actually, yes. If you want them closed a month later and forfeit the SUB 😎

Message 9 of 11
SweetCreditObsession
Valued Contributor

Re: Applying for multiple cards in one day?

@Anonymous - No. I've read they have a 2/30 days rule.



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Message 10 of 11
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