Max number of credit applications in one week?

[OroroMunroe]

Hello! 

It's been a while since my last post. I've been lurking off an on. It's always wonderful to see everyone's progress. My credit journey has been interesting. I am now at the point where I am getting pretty good credit limits on approval. Now to my question, I did a quick search looking for answers about application sprees. I know this is subjective, but how many applications is too many in one week? I only found a thread about max AMEX applications in one day. What do you think? How many applications is too many in your opinion? 

[CYBERSAM]

You are referring to "App Spree" howmany is too many?! It all depends on your profile!

I recently got 2 CCs in 1 day! X1 and USBank

Some people have reported 5+ in 1 week, BUT these days many banks don't like seeking credit profile and some have even canceled after approval after couple of months!

So be careful about App Spree! But the old general rule was you can do it till you get declined! 🤷‍♂

[Times]

I could be wrong, but I think if you do no/soft pull CC, it doesn't matter. Like Tomo and (for me personally X1) hasn't done a hard pull so I think i can do more without issue. 

AMEX I think does 1 hard pull then softpulls after but they know everything so its tricky. 

Wonder if there is a list/method to maximize the most CC in 1 week. 

[Anonymous]

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@OroroMunroe wrote:

Hello! 

It's been a while since my last post. I've been lurking off an on. It's always wonderful to see everyone's progress. My credit journey has been interesting. I am now at the point where I am getting pretty good credit limits on approval. Now to my question, I did a quick search looking for answers about application sprees. I know this is subjective, but how many applications is too many in one week? I only found a thread about max AMEX applications in one day. What do you think? How many applications is too many in your opinion? 

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This is like answering how fast should I drive? I dunno. What is your vehicle? What shape is it in? Is the road in good shape? How many lanes? What are the weather conditions? Day or night? How much traffic? Pedestrians or no? Is the driver skilled and well rested? Would a crash be considered the worst possible outcome? etc etc etc

If you supply some more credit details maybe some can offer better advice? Otherwise I'd just say ten or so ought be fun and worthy of the spree label. But it might also be worthy of the pure foolishness label. I dunno. 

[FinStar]

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@OroroMunroe wrote:

Hello! 

It's been a while since my last post. I've been lurking off an on. It's always wonderful to see everyone's progress. My credit journey has been interesting. I am now at the point where I am getting pretty good credit limits on approval. Now to my question, I did a quick search looking for answers about application sprees. I know this is subjective, but how many applications is too many in one week? I only found a thread about max AMEX applications in one day. What do you think? How many applications is too many in your opinion? 

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Precisely. 

A lot really hinges on your appetite for risk or your very own risk tolerance on things. What may work for one individual may not work for others. Much of it depends on the lenders you'd be going for and your current overall profile.

[coldfusion]

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@Times wrote:

I could be wrong, but I think if you do no/soft pull CC, it doesn't matter. Like Tomo and (for me personally X1) hasn't done a hard pull so I think i can do more without issue. 

AMEX I think does 1 hard pull then softpulls after but they know everything so its tricky. 

Wonder if there is a list/method to maximize the most CC in 1 week. 

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The "AMEX always hard pulls only once for a cardholder"  narrative is a myth.  While it works out that way for many (IMO probably a large majority) of cardholders,  having multiple applications triggering an EX hard pull does happen more than once in a blue moon and it doesn't necessarily mean that the applicant has/had a weak/thin profile or credit history.

Some issuers circle back a few weeks after an approval and soft pull to check on what the applicant has been up to since the approval.  Chase for example is notorious for doing this and for closing out new accounts if they see what they consider excessive credit-seeking behavior  in the immediate aftermath of an approval.  Moral of the story:  don't assume that the coast is clear just because you finished this round of applications and approvals, you need to sit tight for several weeks and let the dust settle.

How much you can get away with is going to be dependent on ones profile, who and in which order one applies for credit, and the general state of the current economy.

[AverageJoesCredit]

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@Times wrote:

I could be wrong, but I think if you do no/soft pull CC, it doesn't matter. Like Tomo and (for me personally X1) hasn't done a hard pull so I think i can do more without issue. 

AMEX I think does 1 hard pull then softpulls after but they know everything so its tricky. 

Wonder if there is a list/method to maximize the most CC in 1 week.  

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It does matter as @coldfusion  talks about in his follow up post. Just because one gets a card without a hardpull there are still consequences.  Your profile will take a hit for new accounts and other lenders you have can see these new accounts upon account reviews.  

[Drifter73]

In my opinion, it may primarily be the big lenders, established globally in their brand. Or even some of the private and select clubs with strict membership requirements and tax brackets to remain qualified.

I had 4 in a 3 day window approved and no declines. (6 in 3 mo.s)

My score took a 100+ point hit for a couple months, but is now starting to springboard back.

I won't be doing it again though. I just needed a reasonable total limit for basic spending to get started and have more frequent cli intervals. Part of the rapid start plan.

Now I'm on the 1 every 6 mo. Plan.

At any rate, I can verify at least 4 approvals, no declines, and no closed credit lines as a result of it. 

[FinStar]

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@Drifter73 wrote:

In my opinion, it may primarily be the big lenders, established globally in their brand. Or even some of the private and select clubs with strict membership requirements and tax brackets to remain qualified.

I had 4 in a 3 day window approved and no declines. (6 in 3 mo.s)

My score took a 100+ point hit for a couple months, but is now starting to springboard back.

I won't be doing it again though. I just needed a reasonable total limit for basic spending to get started and have more frequent cli intervals. Part of the rapid start plan.

Now I'm on the 1 every 6 mo. Plan.

At any rate, I can verify at least 4 approvals, no declines, and no closed credit lines as a result of it. 

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Can you expand on the bolded section @Drifter73? Lots of words in that paragraph that doesn't clarify the context.

[Drifter73]

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@FinStar wrote:

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@Drifter73 wrote:

In my opinion, it may primarily be the big lenders, established globally in their brand. Or even some of the private and select clubs with strict membership requirements and tax brackets to remain qualified.

I had 4 in a 3 day window approved and no declines. (6 in 3 mo.s)

My score took a 100+ point hit for a couple months, but is now starting to springboard back.

I won't be doing it again though. I just needed a reasonable total limit for basic spending to get started and have more frequent cli intervals. Part of the rapid start plan.

Now I'm on the 1 every 6 mo. Plan.

At any rate, I can verify at least 4 approvals, no declines, and no closed credit lines as a result of it. 

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Can you expand on the bolded section @Drifter73? Lots of words in that paragraph that doesn't clarify the context.

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Sure,

Example 1 - (big lender globally known)

American Express - multiple products and tier levels. Some with verifiable revenue/tax status required to get into their elite type of club (e.g. Centurion® Card). Note: it's rumored that a Centurion® Card can be closed if the member drops in net worth for an extended amount of time.. not able to confirm a specific deadline.

Example 2 - (Private/Select clubs)

MCCU (Members Choice Credit Union) - multiple products in a few tier levels, a great (potential) 6.75% apy, restricted to a Geo location (community), and references relationship status with the member, including all accounts activities and balances to determine credit worthiness, credit limits, etc... - Note: According to a rep. in a call, they can close or downgrade a visa signature at any time to a lesser product and/or lower credit limit if relationship account statuses change.

Example 3 - (big lender globally known)

Chase - multiple products in different tier levels,  5/24 rule and also remember discussions a year or so ago (not sure of the urls) on this forum about account closures after SPs recently after app campaigns.

At the end of the day. It's hard to predict how a lender will react to a mass app campaign when doing a random or automated SP to make sure the member is not showing signs of distress.