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New Card Applications. Best to do it once in a while or multiple cards at once

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rollerkosh
Established Member

New Card Applications. Best to do it once in a while or multiple cards at once

What is the Best Strategy when applying for new cards.

 

Apply for 1 Card and get approved and stop

 

OR

 

Apply for 2 different cards and get approved and stop

Message 1 of 20
19 REPLIES 19
myjourney
Super Contributor

Re: New Card Applications. Best to do it once in a while or multiple cards at once

All depends on how many cards your applying for and the limits you get during the process

Other fatcors also play a key roll

How many INQ's you have now

Scores at time of app or apps

Spreading INQ's across all CB's 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 20
rollerkosh
Established Member

Re: New Card Applications. Best to do it once in a while or multiple cards at once

well i have one inquiry and that JUST got approved (Discover IT Card)

 

I want to know if I should wait before applying for Amex a few months or can I apply it now)

 

Score at the time of App right now is ~725-730 across all 3

 

 

Message 3 of 20
09Lexie
Moderator Emerita

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Are you waiting due to the inq or do you need to show more rev cc history?
Message 4 of 20
rollerkosh
Established Member

Re: New Card Applications. Best to do it once in a while or multiple cards at once

No I was wondering what the best strategy is to getting multiple cards. I was just approved for discover instantly right now so should I wait a few months  to a year before applying for an AMEX or should I apply for it right now too.

Message 5 of 20
myjourney
Super Contributor

Re: New Card Applications. Best to do it once in a while or multiple cards at once


@rollerkosh wrote:

No I was wondering what the best strategy is to getting multiple cards. I was just approved for discover instantly right now so should I wait a few months  to a year before applying for an AMEX or should I apply for it right now too.


Were you approved for Discover today?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 6 of 20
JasonKR
Regular Contributor

Re: New Card Applications. Best to do it once in a while or multiple cards at once

I would apply 2 cards and stop Smiley LOL

BoA Better Balance Reward - $1.5k (01/13) | Discover It for Student - $1.7k (04/13) | Capital One QuickSilver - $2k (05/13) | Amazon Rewards Visa Card - $700 (10/13) | Citi Forward for Student - $2.4k (10/13) | Amex BCE - $6k (10/13) | Chase Freedom - $1.5k (11/13) | Chase Sapphire Preferred - $6.5k (12/13) | Amex Delta Gold - $8.7k(12/13) | Chase IHG - $4k (2/14) | Chase Hyatt - $5k (2/14) | Amex Platinum (2/14) | Citi ThankYou Preferred - $3.5k (4/14) | Chase United Explorer - $5k (9/14) | Amex Delta Gold business - $3k (9/14) | I ALWAYS pay in full
(Future card: Barclaycard Arrival+, Amex SPG+Everyday, Chase Ink+Marriott, Citi Hilton Reserve+HHonors)
Message 7 of 20
rollerkosh
Established Member

Re: New Card Applications. Best to do it once in a while or multiple cards at once

Yes Applied today and approved today. 1 hour ago

Message 8 of 20
myjourney
Super Contributor

Re: New Card Applications. Best to do it once in a while or multiple cards at once


@rollerkosh wrote:

Yes Applied today and approved today. 1 hour ago


Then get all apps out the way 

App your next card so all INQ's and cards age together 

Good luck

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 9 of 20
rollerkosh
Established Member

Re: New Card Applications. Best to do it once in a while or multiple cards at once

maximum 2 right?

Message 10 of 20
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