@Anonymous wrote:
my favorite topic!
There used to be what was called a 2bm, 3bm, etc. Multiple browser method. Basically you were tricking the system so to speak. Or people would do app-o-ramas with other banks hoping one wouldnt see the other in rapid succession. This is no longer required. Basically the inquiries are merged, either by the bank or by the bureaus at the end of the day.
Chase can always pull a 2nd bureau, regardless if you go for multiple cards. There is a list of ones that let you combine. I know citi does not (and they can do a 2nd HP). Amex, chase, bank of america, us bank, barclays, etc they all combine. The caveat is amex is only 1 charge card and 1 credit card per day. Chase you can do more than 2, but have to phone in one at a time for approval if not instant. Capital one is a triple pull regardless but you can still app for 3 cards unless you have hit a limit with a number of cards they permit. Chase you can have unlimited cobranded cards. But for CSP, Slate, Freedom, Ink you must have fewer than 5 new accounts in the last 2 years to get approved. Unless of course you have tons of money in their bank and go in branch and beg for approval.
In my experience, Amex had me call in as they thought it was fraudulent. They approved me right away. Not sure how well chase would be for cobranded cards, as its best to not call in, to let it process over the weeks....it could be difficult to app for multiple cobranded cards only and have the inquiries merge? I don't know, maybe not.
You can get to a point where you have so many inquiries they stop hurting your score so much. You could also be new to credit, and adding extra cards could hurt your score more due to a lower average age of accounts.
Have all these techniques personally worked for you?
