my favorite has always been...........
"yes, I realize that 40 INQ over the past year for credit may seem excessive, but I have been rebuilding aggressively, and much to my astonishment, I was very successful!! Had I known about this particular credit card then, like I do now, which meets all my needs, I wouldn't have had to attempt so many other cards."
LOL
"yes, I realize that 40 INQ over the past year for credit may seem excessive, but I have been rebuilding aggressively, and much to my astonishment, I was very successful!! Had I known about this particular credit card then, like I do now, which meets all my needs, I wouldn't have had to attempt so many other cards."
LOL
@Anonymous wrote:The best answer is the truth - what the underwriter is looking for is an honest explanation of what you were doing/thinking...trying to figure out whether or not those inquiries indicate desperation, or just excessive shopping
This is true..its how I got back in with Chase after a recent major burn. Plus I got lucky with a amazing UW
Just be honest with UW, I had 50 inq on EX while on my applying frenzy and whenever they'd ask I'd say I'm building and going to keep those cards for the long run not just bonuses 
What not to say to that question:
I'm a credit card hoarder
What are you, a cop?
Gambling has highs and lows, I need lots of cards to cover it.
I just LOVE to shop!
My income isn't enough, I need credit to get the lifestyle I deserve!
lol
Yes , tell them thats the only way to obtain more credit