@csryang wrote:Quick question what does "6 months" mean inbetween credit card apps or CLI? For example, if the tradeline was opened on Dec. 14th, 2013, when is it ok to apply again without significantly affecting credit decisions?
a) on June 14th, 2014 (Saturday)
b) on June 15th, 2014 (Sunday)
c) on June 16th, 2014 (Monday)
d) the first day of the 7th statement / the day after the last day of the 6th statement
e) the beginning of the 6th month; ie June 1st in this case
f) the beginning of the 7th month; July 1st
g) any other dates that I did not mention...
IMO July 1, 2014
@azguy13 wrote:
@csryang wrote:I know waiting 1 yr is definitely safe and better... but I just wonder about the 6 months what does it mean...? Which one would you vote for, azguy13?
Honestly, it all depends on your credit profile and how your AAoA is effected with each app.
If you decide to wait 6 months, then I would wait until after your 6th statement cuts.
If you have a thin file and every new app seriously effects your AAoA (brings it below 1 year) then I would wait a full 12 months.
I'd say the best relatively useless general answer is the sixth full statement cycle after whatever incident caused the six month period to start. But it depends, of course.
I got declined for an Amex card and they said I could re-apply after 30 days, and that's more likely a literal 30 days than a one-month cycle.
If a bank only allows CLI requests every six months, it's probably six months to the day from the date of the last CLI request. Add a day just to be safe. But I've seen some people here say they got in a few days before.
Some banks require a card be open X months before allowing CL transfers. That's probably going to be X statement cuts, even if it's nearly X+1 months.
But ultimately, it depends. The latest/longest/most conservative value of "6 months" will probably be the most likely to not cut you short. If it's one bank wanting to see something from another bank reporting, then you're looking at the day after the reporting date of the 6th cycle.
And while "1 year" probably isn't the right answer to "what does 6 months mean," it's probably better for you anyway. 
@NoAnchoviesPlease wrote:
@azguy13 wrote:
@csryang wrote:I know waiting 1 yr is definitely safe and better... but I just wonder about the 6 months what does it mean...? Which one would you vote for, azguy13?
Honestly, it all depends on your credit profile and how your AAoA is effected with each app.
If you decide to wait 6 months, then I would wait until after your 6th statement cuts.
If you have a thin file and every new app seriously effects your AAoA (brings it below 1 year) then I would wait a full 12 months.
I'd say the best relatively useless general answer is the sixth full statement cycle after whatever incident caused the six month period to start. But it depends, of course.
I got declined for an Amex card and they said I could re-apply after 30 days, and that's more likely a literal 30 days than a one-month cycle.
If a bank only allows CLI requests every six months, it's probably six months to the day from the date of the last CLI request. Add a day just to be safe. But I've seen some people here say they got in a few days before.
Some banks require a card be open X months before allowing CL transfers. That's probably going to be X statement cuts, even if it's nearly X+1 months.
But ultimately, it depends. The latest/longest/most conservative value of "6 months" will probably be the most likely to not cut you short. If it's one bank wanting to see something from another bank reporting, then you're looking at the day after the reporting date of the 6th cycle.
And while "1 year" probably isn't the right answer to "what does 6 months mean," it's probably better for you anyway.
My situation is kind of odd...
I have 5 tradelines total, 2 oldest ones are 9-10 years old (one of which was closed and will fall off report within a couple of months), 3 new tradlines since December. The three new tradelines all have the same opening date 12/14/2013. In April, I requested change of statement closing date to the 8th for easier management. Due to the new closing date, two of the three new tradelines did not close in April and will close on May 8th (4th statement for them). The third new tradeline did close in April and will close again on May 8th (its 5th statement). Therefore, I am a little confused what it means "6th months" inbetween apps... It seems to be quite complex to go with statement closing dates since I will have one new tradeline cuts its 6th statement before its 6th month anniversary while two other new tradelines cut their 6th statement after their 6th month anniversary.
You know it's hard to wait for a year when there are so many good cards I am thinking to apply next....
@Anonymous wrote:Did an issuer tell you to wait 6 months (in which case you can contact them for more clarification)? Otherwise, it is just a guideline (from where?) and you are overthinking it!
+1 on the overthinking.
