What are my chances of being approved for the BILT Mastercard

[Metanoia]

Hello everyone, I was just wondering what my chances of getting approved for the BILT Mastercard is.

Experian - 756

Late Payments - 0

Amount of Debt Rating - Very Good

Credit History - 7 months (October 2024)

Number of Recent Inquiries - 4

Latest Inquiry - WF on March 21,2025 (Rejected)

Current Credit Card:

Discover - 500 CL

Citi Costco Visa - 5,000 CL (Authorized User)

I don't know what my credit utilization is because I usually pay my debt as soon as it reflects on my CC.

[GZG]

they told you no last month for a reason

I'd wait at least 6 months from when you got rejected

consider also opening up wf checking/biz checking (they current have promotions to earn bonuses) to increase your odds if you're dead set on BILT/Wf

[JoeRockhead]

You have a very young, thin profile along with 4 inquiries, which could be flagged as excessive credit seeking.  For those reasons I'd say your chances for an approval aren't very good.  I agree you should wait, allow your accounts to age (to over a year old) and let some of those inquiries fall off. 

[Patient957]

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@Metanoia wrote:

Hello everyone, I was just wondering what my chances of getting approved for the BILT Mastercard is.

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Did you ever hear the one about the two bulls up on a hill?

[Metanoia]

Thank you for your response. I didn't know that WF is the one giving the credit card. I'm still new to this credit stuff so thank you for your feedback. Appreciate it.

[Metanoia]

Thank you for your advice. How long does it take for the inquiries to fall off? I'm kinda new to this stuff so any feedbacks are appreciated. Thank you once again.

[Patient957]

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@Metanoia wrote:

How long does it take for the inquiries to fall off? 

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Inquiries take two years to fall of your credit report.  But after only 12 months they no longer affect your FICO score.  

When you apply for a credit card, the issuer will pull your report(s) and see all inquiries from the last two years and can make it's own judgment about those inquiries.  So 0/24 is better than 0/12 is better than 0/6 is better than 0/3.  So you don't need to wait until your report is inquiry free, but the longer you wait the better your application will look.

Someone with an old and thick file can get away with a lot more inquiries than someone with a young thin file.  And there's no hard and fast rules -- YMMV as they say.

You'll have a much better chance at getting approved for your next credit card application when you're 0/12 inquiries and 0/12 new accounts.

In the meantime, try to grow the limit on your Discover card by using it a lot and paying it off in full at least every month.  Request credit limit increases every few months or so.