Approvals with High Inquiries? I'm at EQ 60, EX 50, TU 17

[fullstackdev]

A lot of people on this forum apply for a lot of credit cards. I'm curious about the results those of you with a high number of inquiries get from different lenders.

In my experience, some lenders don't seem to care about a high number of inquiries. Other lenders will approve your application but give you a small starting limit. And most will flat out deny your application if you have an excessive number of inquiries (like I do). 

My question to those of you with a high number of inquiries: What have your credit card application results looked like since you accumulated a high number of inquiries?

Here are some of my recent stats to get the ball rolling:

Current Inquiries: EQ 60, EX 50, TU 17

In the following lists, the number next to each bureau is the number of inquries on my credit report at the time of the application.

Recent Approvals:

Synchrony Amazon Business - $2,000: EQ 56
Chase Marriott - $7,000: EQ 54 Inquiries at approval; EX 44
MECU Local Credit Union $5,000: EX 42

Marvel - $6,000: TU 14

Recent Denials:

Allegacy EQ 59, TU 16

Altra TU 15

USAA EQ 55

Discover EQ 53, EX 43

Thanks for your feedback!

(I'm not lookiing to do any new applications)

[Anonymous]

Cabela's, anything synchrony, Blispay... none cared about excessive inquiries. Amex to an extent but if you are looking at 50+ inquiries they will likely decline. Chase also to an extent is inquiry friendly but again.. if it's VERY excessive they may decline.

[Anonymous]

A lot of inquiries often means a lot of new accounts which can be a red flag when apping. You are at a good place to garden and let those inquiries age off as you handle your trade lines well.After they fall off you will be good to go.

I am gardening for at least a year, perhaps more and I don't have nearly the number of inquires you do. What happens is that even if approved you don't get the really good APR or credit lines. Good luck to you.

[Creditplz]

I have a ton of Inq similar to you, synchrony gave me 20k or so recently, Blispay gave me $4400. Citi said NO, and Barclay with 30 TU Inq 5 recent for synchrony cards said No and on recon told me too many Inq

[Creditplz]

Scores are all 725+ Fico 8.

[kdm31091]

Inquiries in and of themsleves are not a huge deal, but they show credit seeking, and often come with new accounts. There's no downside to waiting awhile for some of them to fall off. The more inquiries and new accounts you have, statistically, you are a riskier borrower. Whether you actually are "risky" or not is irrelevant; this is what the bank is going to think. Thus, you will often be rewarded with low limits and high APRs.

I'm in the garden letting my inquiries come off as even roughly 15 on each bureau as I have, in my eyes, is way too many. By the end of the year the number will be roughly cut in half for each bureau which is better than nothing.

[fullstackdev]

Thanks everyone for your feedback! Like I said in my original post, I won't be applying for any new cards. I just want to gather some data and see what other people's credit application results are like.

[Anonymous]

Don't confuse FICO data with how lenders judge a profile. If all your inquiries are 13 months old, sure your score has stabilized but they are all there for HPs to view.

[fullstackdev]

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@Anonymous wrote:
Don't confuse FICO data with how lenders judge a profile. If all your inquiries are 13 months old, sure your score has stabilized but they are all there for HPs to view.

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Agreed. That's kind of the point of this post -- to gauge how different lenders respond to a high number of inquiries.

[Cswildfeuer]

Are inquiries held on reports 3 years? When do they become "not as significant" to card companies and lenders?