Questions about applying for new credit

[Anonymous]

I received a pre-approved offer yesterday from Bank of America for a 11.74% card. I'm an AA on DH's BOA card. My scores have been on the rise (thank you FICO Forum comrades!) and I've noticed a lot more offers coming my way at lower APRs. I currently only have a Macy's and Cap 1 card in my name only and I'm wondering if that's enough. How big of a hit do you take on your FICO score for each app? Should you apply for a few at the same time, or space out your apps? Is there an average point drop? When will it bounce back?

[Anonymous]

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Sillygirl wrote:

I received a pre-approved offer yesterday from Bank of America for a 11.74% card. I'm an AA on DH's BOA card. My scores have been on the rise (thank you FICO Forum comrades!) and I've noticed a lot more offers coming my way at lower APRs. I currently only have a Macy's and Cap 1 card in my name only and I'm wondering if that's enough. How big of a hit do you take on your FICO score for each app? Should you apply for a few at the same time, or space out your apps? Is there an average point drop? When will it bounce back?

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One app will probably not hurt you that much if at all, 1-5 points usually the higher end results from multiple apps.