@colt29708 wrote:
Hey all,
I wanted to get the Bilt credit card, and I applied for it but was denied; the reason stating that I had opened too many accounts in the past 6 months. I opened 2 cards in January and one in April. I was just curious if Wells Fargo was account sensitive for more than 6 months. I'm at 8/24, right now. I'll be under 5/24 in July of 2023. WF pulled Equifax, and I only had 2 hard inquiries on that report prior to the application. Any idea as to when I should reapply?
Thanks in advance!
Hi @colt29708, welcome to the forums.
Yes, they can cite that as a reason for a variety of profiles. It doesn't mean other consumers would be denied for too many accounts and/or inquiries in the past 6-12 months, but it's not out of the ordinary for WF (or other lenders) to do so. It's all profile-dependent. My suggestion would be to try in the next ~6 months or so given the 8/24 info you've provided.
