Two CC Application Within Two Days

[Anonymous]

How bad will it look on my credit report if I apply for two credit cards within two days? How soon am I suggested to apply for a new one after this? 3 months?

[Meanmchine]

First off, welcome to our little corner of the internet

Now to your question, noone can answer that question without a little more information, such as how long have you had credit, number of accounts, credit card goals,etc

As a general rule, 2 inquiries in a 2 day span will not hurt you.  There are people here that have applied for 2 cards within 5 minutes of each other. You can browse our boards and try looking for "app spree" or "new to credit"

Good luck

[csryang]

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@Anonymous wrote:

How bad will it look on my credit report if I apply for two credit cards within two days? How soon am I suggested to apply for a new one after this? 3 months?

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I think it really depends on your profile. How many cards do you have before that application and when were they opened?

Generally I think 2-3 cards every 6 months should be ok to start off, you can defnitely apply for one more but discuss with us about your plan etc. You can always become more aggressive later on. I would then recommend clustering 4-6 cards every 6months rather than applying 2-3 cards every 3 months as next step. Of course, if you only want sign-on bonus, you should time your applications right. Preferably only apply when there are ones with high sign up bonus on the SAME day so that inquiries could age off at the same time.

Definitely give Chase Sapphire Researve (CSR) or Preferred card some thoughts if you have less than 5 cards opened for the past 2 years - check your credit report for free as authorized users might be counted towards this number. CSR's 100k bonus (with 450 annual fee but 300 travel credit each year) lasts only until beginning of March for in-branch application.

[AverageJoesCredit]

Dont know why recommending a CSR to someone who we know nothing about profile. Just because someone falls under 5/24 means they have to or should go for Chase oe even go bonus hunting. Not everyone has the income and profile or t even travels and not everyone gets a cc just for a bonus.

I agree with above in that more info is needed but generally i dont believe 2 apps in 2 days may not be bad. Sometimes we want our cards to grow together for aaol purposes but definitely think about each app you do to make sure it works for you

[Anonymous]

I agree with@Avg Joe and the crowd with regards to 2/2 not being a big per se but also agree that EVERYTHING is individualized per profile and what the particular goal/ mission is.

But overall, no biggie
When my son turn 21 two months ago ...
The mission was building a strong new foundation, had him app twice within in minutes (12k NFCU then 6k USAA...9.99% and I think 14.9%) not bad for first 2 credit apps in life (got 6.9% auto loan a month later, before the CCs even reported)...

That's 3 apps in say 5 weeks but because of AU accounts and planning where to app and for what,one can limit the risk of wasted HPs and denials.

Personally, in general I'd think clustering apps together IE a spree makes sense within a tight period then allowing them to age but 3 months isn't aging, it's still within the same 'spree' .... The benefit is the HPs will age off fairly close, every 6 months just keeps pushing the can down the block.

Generally, you want to grab the spoils and begin the aging process...
Example:
If one apps in the 1st quarter Jan-Feb-Mar then at minimum quarters 2&3 are off limits so that some time can 'age' the accounts and the HPs

Hope that makes sense