Need to apply for multiple CCs

[Brian_Earl_Spilner]

Comenity has been known to close 1 or more lines, even all, recently after application. Nobody knows what triggers it.

[Anonymous]

I actually made purchases on both Wayfair and Overstock. Both still open. Like I said, if they see you are actually using them it might dissuade them from closing.

[FinStar]

As mentioned upthread, while a variety of Comenity retail CCs or bankcards may provide some value to a number of individuals (i.e. substantial loyalty discounts, promotional 6/12/24 offers, etc.), overloading on too many via SCT (which mostly result in HP anyway), especially in a short time frame can definitely have some negative effects.

[Anonymous]

WHOA!!  So that was an additional 4 hardpulls from Comenity??  Maybe I'm too new to the site but 41 inquiries sounds crazy! lol  I only have 3 so I guess I have a lot of wiggle room (hopefully).  I'm getting anxious about this SCT.  Any good links that can guide me and show exactly how it works??

[Anonymous]

Yes, 4 pulls in one day from Comenity. I was at 40k limit across all lines and wanted to get to 50k, which I accomplished lol. It's garden time until next Summer, maybe even Fall. I will follow up on if they close any. I probably won't activate the JCrew or Victoria secret.

[Brian_Earl_Spilner]

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@Anonymous wrote:
I actually made purchases on both Wayfair and Overstock. Both still open. Like I said, if they see you are actually using them it might dissuade them from closing.

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That doesn't matter. They balance chase and close the account if you put a purchase on it. Doesn't happen to everyone and like I said earlier, nobody knows what triggers it. Some people have no problem opening 6 cards at once, others have their accounts closed for opening 3.

[CreditInspired]

OP

Even if you got lucky and succeeded at the spree with approvals, there’s still the chance that once the cards report, they could be closed by lenders. Then, the HPs, which most surely will accumulate, would have been for naught.

There’s really no win-win situation here unless, I guess, you have the bomb credit profile and a sizable income.

GL2U

[Anonymous]

I would say if you NEED the cards and shop at Wayfair and Overstock then go for it, don't let some of the posters scare you. The only way I would dissuade you is if you aren't going to use them and just store them somewhere just to have the CL.

Some people worry about hard inquiries, others like myself don't. It all depends on what your goals are. If you are trying to rebuild credit, I would say go for ONE of them and not multiple. That way the doom and gloom outlook being portrayed here won't happen.

Cheers.

[FireMedic1]

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@Anonymous wrote:

Thanks FireMedic!  How did you ever get that many CCs???

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Just like these guys said. Slow and steady and it took over 2 yrs. Never denied from studying here and what others had to say. No rush. Spread out for each card.

[HeavenOhio]

@Anonymous, zero in on an unsecured Visa or MasterCard first. As an option, don't rule out Discover if you think it boils down to being a better choice.

Stay away from store cards for the time being. Consider them down the road if you can get a benefit that wouldn't be available through your other cards.