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How soon to apply for a CC after a hard credit check?

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Au_Pt
Member

How soon to apply for a CC after a hard credit check?

Greetings CC concerned community!Robot Happy

Decided to take advantage of PayPal's Credit offer and applied/got instantly approved for... $1000. I've been thinking of adding a new card to my wallet. How long should I wait after a hard credit check to apply for an actual card? 

 

Also, is there a correlation between CL and day of the week? i.e. was a non business day not a good time to apply, and receive a low PP Credit limit?

Message 1 of 5
4 REPLIES 4
JoeRockhead
Community Leader
Super Contributor

Re: How soon to apply for a CC after a hard credit check?

When to apply for additional credit is going to be different for people and really profile dependent. Without knowing more about your file and history, it'll be hard for people to guess.

 

The day of the week has nothing to do with limits issued as instant approvals/denials  are made by computer software based on the strength of the applicant's credit and what it determines the likelihood of defaults to be.

Message 2 of 5
Au_Pt
Member

Re: How soon to apply for a CC after a hard credit check?

756/729/698 & well maintained payment history. 

 


@JoeRockhead wrote:

..The day of the week has nothing to do with limits issued as instant approvals/denials  are made by computer software based on the strength of the applicant's credit and what it determines the likelihood of defaults to be.


I was thinking in terms of a human sitting there on a regular buisiness day and a pop up appears on their screen to quickly access, approve/deny applications..

Message 3 of 5
SouthJamaica
Mega Contributor

Re: How soon to apply for a CC after a hard credit check?


@Au_Pt wrote:

Greetings CC concerned community!Robot Happy

Decided to take advantage of PayPal's Credit offer and applied/got instantly approved for... $1000. I've been thinking of adding a new card to my wallet. How long should I wait after a hard credit check to apply for an actual card? 

 

Also, is there a correlation between CL and day of the week? i.e. was a non business day not a good time to apply, and receive a low PP Credit limit?


1. It doesn't really make a difference how long to wait after a hard pull. 1 day is probably the same as 100 days.  It might make a difference once you get into the 6-month neighborhood.

 

2. No, there's no correlation between starting limit and day of the week.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 4 of 5
Rogue46
Established Contributor

Re: How soon to apply for a CC after a hard credit check?


@Au_Pt wrote:

756/729/698 & well maintained payment history. 

 


@JoeRockhead wrote:

..The day of the week has nothing to do with limits issued as instant approvals/denials  are made by computer software based on the strength of the applicant's credit and what it determines the likelihood of defaults to be.


I was thinking in terms of a human sitting there on a regular buisiness day and a pop up appears on their screen to quickly access, approve/deny applications..


Everything is done by computer algorithms these days the only time you will speak to a person is if you get a application denied and wish to call in for reconsideration and plead your case.





Message 5 of 5
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