How long should I wait between credit card applications

[Anonymous]

I applied for two cards on early Nov., one is amex delta, arrived a week later. but I didn't use it until late Nov. so maybe this card would appear as a new account in each credit report on early Dec.
the other one didn't arrive till early Dec. And its first use was just a week ago. (Dec. 21). so it might not have shown up in a credit report yet.
do I need to wait 90 days from today on before other applications?
Thanks a lot.

[DI]

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@Anonymous wrote:
I applied for two cards on early Nov., one is amex delta, arrived a week later. but I didn't use it until late Nov. so maybe this card would appear as a new account in each credit report on early Dec.
the other one didn't arrive till early Dec. And its first use was just a week ago. (Dec. 21). so it might not have shown up in a credit report yet.
do I need to wait 90 days from today on before other applications?
Thanks a lot.

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It's always best to go on an app spree all within the same day or couple of days. Reason:  so that the inquries can all fall off the reports at the same time.

[Anonymous]

when they review my application, do they look for those  actual inq, or do they look for recently added new accounts?

do I need to count 90 days from the day when the new account shows up on my credit report before applying for new cards?

[score_building]

becita wrote:

when they review my application, do they look for those  actual inq, or do they look for recently added new accounts?

do I need to count 90 days from the day when the new account shows up on my credit report before applying for new cards?

Both.

I agree it can be best to cluster apps in a short time frame when adding accts to rebuild/build new history.  this way the accts grow together and the inq fall off in the same time frame.  many issuers, like amex for eg., may object to too many inq and/ or new accts if you get carried away with new apps, so app judiciously and don't over do it...otherwise, you may attract AA from current lenders.  there is not a specific waiting period unless you're applying for another product with the same lender, in this case there may be.

[Anonymous]

It is best to wait 6 months. Thus, the accounts will not look as new. If you try it with the same lender, and it's your first card with it, wait 6 months.

In my case after 30 days, I asked for another card at the same lender, and this was his response:

"Unfortunately, we are unable to approve the application at this time because:

 o   We have recently opened an account for you.  This includes any of your accounts issued by ... such as Visa, MasterCard,  store cards, or gas cards.  We invite you to apply again after your account has been open for at least a year"

[Anonymous]

a year.. that's a long time. especially when you want an airline card.

 in the case of the second card from amex,  would 90 days good for the wait period?  

[score_building]

becita wrote:

a year.. that's a long time. especially when you want an airline card.

 in the case of the second card from amex,  would 90 days good for the wait period?  

you don't want to rapid fire app with amex, not a good move. 

I'd give them at least six month of PIF on the 1st card you got from them b4 even thinking about another amex app.  YMMV.

[Anonymous]

thanks.  there's someone's story who got a personal delta in May, then a business one in Aug.

i was planning to apply in a month or two..

[Anonymous]

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becita wrote:

when they review my application, do they look for those  actual inq, or do they look for recently added new accounts?

do I need to count 90 days from the day when the new account shows up on my credit report before applying for new cards?

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They look at everything.

Either do all your app'ing at once or wait six months minimum in between. Rapid fire app'ing will not be appreciated by many issuers and the more prime the issuer the less they will like it.

[Anonymous]

i see.

six months from the date of last applying or from the day that new card was reported (onto the credit reports)?

Message Edited by becita on 12-28-2009 04:41 PM