Here's my scenario. I have a larger than normal expense coming up soon. I figured why not apply for a few credit cards that offer the $100/$500 bonus and get some free credit card company cash, as I pay my balance in full each month. To give you an exact place of where I'm at with my credit, my experian is 734, and my CK is 719 (TU I believe.) AAoA is 1 year 1 month, oldest card 2 years 6 months, newest 3 months. I just turned 22 on the 10th of this month. Currently I have 7 CCs, Capital One Platinum MC $750 (recent upgrade to Quicksilver MC and CLI to $1250, this was my first card,) Diamond Preferred MC $2000, Discover More $2750 (recent upgrade to It,) AMEX BCE $6000, U.S. Bank Cash Rewards $2000 (recent upgrade to Cash+ VS CLI to $5500,) Chevron and Texaco $800, and a Union Bank Maximum Rewards Visa $2300. All of my existing CCs CLIs were soft pulls (or no pulls?)
In the last 3 days I have applied for: Chase Freedom $200/$500 - Instant Approval $10k (Just found out they closed this account today due to an unsatisfactory relationship with the bank; no idea what for and won't tell me, so this one is out the window,) BankAmericard Cash Rewards $100/500 - Instant Approval $3.5k, Citi Dividend $100/$500 - Instant Approval $5.1k, Barclaycard Rewards for Excellent Credit $100/$750 - Instant Approval $5k, Barclaycard NFL Rewards $100/$500 - Decision in Process (though I'm certain it will be approved,) and Capital One Quicksilver VS $100/$500 - DENIED! Even though I had my Platinum converted to the Quicksilver, I wanted one more $100 bonus offer. Would there be a good chance of me getting approved if I call the backdoor asking for a reconsideration of their decision? Will they initiate another hard pull if I call and request it? Any thoughts or help is greatly appreciated. Thanks!
I doubt it, if they did they may pull all three reports. Look at what you have done with all your applications with such a short credit history. You look desperate for credit and you'll be lucky if you're not CLD or your accounts closed on more of your accounts. The best thing you can do is pay your accounts in full every month and garden for at least a year. IMHO
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5kThanks for the reply. I've seen others apply for multiple cards at once and still be ok, I didn't really factor account age into this. So you believe some of my accounts will have their limits decreased or closed outright? I'm not a credit pro by any means, but I would be shocked if any of my accounts were to be closed. And I know, I am way done for at least a year on any new personal line of credit. Thanks.
Barclay is very inquiry and new account sensitive. I wish you luck on your credit journey. That's what credit is a journey not a race.
@knhorn wrote:Thanks for the reply. I've seen others apply for multiple cards at once and still be ok, I didn't really factor account age into this. So you believe some of my accounts will have their limits decreased or closed outright? I'm not a credit pro by any means, but I would be shocked if any of my accounts were to be closed. And I know, I am way done for at least a year on any new personal line of credit. Thanks.
Just a hint about credit card closing Chase Bank. This forum has many people with information from mistakes made in their 20's. And Chase has had more than their share of extending credit to people in their 20's. I'm pretty sure after underwriting revued your application they felt you didn't meet their guide lines.
Thanks for the information on Chase. I don't believe I agree in this particular scenario. I used to have my checking account with Chase from 2011 to 2012, and have already had a Freedom /w 5k limit from 6/2012 until 10/2012. Chase closed my checking account first, and then Freedom on 10/2012. They banned me from doing business with them, and now over a year later I was hoping I had fell off the blacklist. Boy was I wrong, haha. I went to great lengths to find out what I had did that they couldn't disclose to me, and got to a manager just below executive. Still no answer, they reserve the right to do whatever they want at any time without any rhyme or reason. The only thing I can think of was that I was ordering boxes of coins frequently with a personal account, which costs them money.
I'm sorry, but I just have to ask. What were you doing with all of those coins?
$7.5K 
$23K 
$5k 
$300(SEC) 
$500 
$300 
$1,500 
$800 
$800
