Urgent advise regarding Application of Amex Card

[Anonymous]

Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold

Amex costco

Amex starwood

Capone venture

Which should I apply for?

[pizzadude]

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@Anonymous wrote:

Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold

Amex costco

Amex starwood

Capone venture

Which should I apply for?

---

No, it will count as a new inquiry.   FICO scores credit card inquiries individually ~ only auto, mortgage, or student loan inquiries within a certain window are counted as one inquiry.

[iMacDrew]

If you dont already have an Amex card and are in fact approved then you will still get a hard pull. And all those cards are different. Gold is a charge. Costco is cash back accumulaTed cash back. And spg is rewards for hotels or flights. Gold and spg are similar except  the fact that gold is a charge card.  

[Anonymous]

Are you of the understanding that applying for 5 different cards all count as one inquiry?
That's what it's reading like in your post.

All of the AMEX's MIGHT count as one inquiry, MIGHT... but CapOne will be a lovely three-pull from what I've read.

[injustifiiable]

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@Anonymous wrote:

Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold

Amex costco

Amex starwood

Capone venture

Which should I apply for?

---

If you aren't an existing AMEX cardholder, you will get a hit regardless of whether you're approved or denied.

Existing cardholders, who apply while logged in, will get a HP if approved, SP if denied.

Some have had luck applying for a charge and revolver in the same day and getting only a single hit, of course, YMMV.

[learnin113]

Oh boy. You will not be able to secure multiple credit approvals from MULTIPLE creditors with a single hard pull.

[gettnthere]

No, if you apply for those cards you will receive a inquiry on each regardless of whether its the same day or not. Now with that being said you MIGHT receive only 1 inquiry from AMEX if you apply for more than one of THEIR products. Its all just a YMMV situation, but you will definitely receive at least 2 inquiries if you apply for AMEX and CAPITAL ONE

[trumpet-205]

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@Anonymous wrote:

Hi all,

I applied for a chase sapphire card (approved isntant) and I am thikning of aplying for an Amex card. So that I don't have to get another credit hit on my report.

I may be wrong, but before I apply I wnated to know that if I apply for other cards today, It will all be single inquiry.

The cards I am thinking are

Amex gold

Amex costco

Amex starwood

Capone venture

Which should I apply for?

---

Nope. It will have a new inquiry.

[Anonymous]

Thanks for clarifying that up. I was confusing it with auto, mortgage etc.

In that case its better to wait a few months and then apply for an Amex.

Ona side note, how long before gettinga home mortgage should you stop applying. In other words, I f i am plalning to buy a house next year should my alst application be atleast 6 months before that?

[Anonymous]

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@Anonymous wrote:

Thanks for clarifying that up. I was confusing it with auto, mortgage etc.

In that case its better to wait a few months and then apply for an Amex.

Ona side note, how long before gettinga home mortgage should you stop applying. In other words, I f i am plalning to buy a house next year should my alst application be atleast 6 months before that?

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At a minimum of 6 months.  Remember inquiries hurt you for 1 year so ideally a year before.

As for apping for cards now, go for it.  Sure you are hurt a little by the CSP, but better to get it over with and have inquiries age at same time.  3 or so inquiries aren't a big deal.