Safe to Apply Twice in A Day?

[Anonymous]

This coming July, my graduated Discover card will reach the one year mark, and I assume then it will be a safer time to start applying for new cards. When that happens, I want to apply for the Chase Freedom Unlimited for a $300 offer and then the Citi DC for the 2% rate.

My question is if this seems like a good plan? I've been responsible with credit since the Discover was my first and only card and my fico from tu/ex are 780/787. I'm AU on three cards that all opened the same time as my Discover even though fico doesn't seem to take it into account, and also why I plan on applying for the Chase first to avoid 5/24. Will applying for these two within minutes of each other affect the likelihood of denial? I'm under the impression that I have good approval odds with these scores.

[Anonymous]

Can't really speak for Chase and Citi but I will assume they need a year of credit history and besides you are an AU on some cards which is a plus and no new account in 6 months. You have a chance for instant approval, and if not just call for recon.

[Anonymous]

Scores are not the only thing they consider, otherwise you're golden for several cards with high 700's. You seem to only have a year history with Discover, AU IMO doesn't really account for credit worthyness. I think Chase is out, though possible who nows. Amex seems more up your alley, as it can lead to higher CL in a short term with SP.  With Chase you'll be stuck with whatever low CL they give you for a spell, until your profile demenstrates the ability to warrant a higher limit. Some people have said they're stingy with auto CLIs, so YMMV.

Based on the info you provided, I feel you should probbaly seek other Card issuers before Chase though. And build for another year before you app with them. Also, why are you concerned about 5/24, if you only have the Discover? Have you opened 4 other cards, in your own name, within the last 2 years? AU does not count. 

[Anonymous]

Yes, the only card in my name is the Discover and I'm not in a rush to get more credit; I just don't want that $300 offer to disappear since it's uncommon. I wouldn't mind the low sl on the Chase since I wouldn't use it much once I get the bonus and most of my spend would be on the Citi outside of categories.

I was also under the impression that all revolving accounts including au counted for 5/24.

[Anonymous]

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@Anonymous wrote:
Yes, the only card in my name is the Discover and I'm not in a rush to get more credit; I just don't want that $300 offer to disappear since it's uncommon. I wouldn't mind the low sl on the Chase since I wouldn't use it much once I get the bonus and most of my spend would be on the Citi outside of categories.

I was also under the impression that all revolving accounts including au counted for 5/24.

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AU accounts do count. However, if their reason is over 5/24, you can recon and let them know that those are AU accounts. It has worked for others, but YMMV.

[AverageJoesCredit]

Yes it should be ok to app 2 cards on same day. If you are receiving a $300 SUB offer from Chase I'd go for it. Not everyone gets that offer even people with great credit.

[Anonymous]

Thanks everyone. So it seems the Chase is probably unattainable with just a year of history?Is it worth it to try anyway? Assuming income is sufficient or what else they consider besides score.

[Gmood1]

One year of history is fine with Chase. They've been a tad bit picky lately on the number of personal accounts. Several members have reported denials because they didn't have enough accounts or credit history in their own names( none AU).

[Anonymous]

I haven't seen those threads; would only having one non-AU card on record put me at risk like those others?

[Gmood1]

Yes it can. Amex is much more receptive to thin, young files than Chase.