Please suggest Credit Cards that are not inquiry sensitive?

[Anonymous]

Hello, 

I have been building my credit for about 6 months. I do retail arbitrage and I am looking for cards to purchase inventory with that I have a high chance of being approved for with a low 700s score (714 Fico currently). I have no derogatories but I do have a lot of inquiries (10 currently). I have 8 accounts (1 CC, 6 Store Cards, and a Selflender Installment loan) with about $15k in total credit lines. Average Account age around 6 months. Can anyone suggest me credit cards or retail that I can have a decent chance to being approved for? Looking to add a few accounts to grow my overall credit limits before I go back into gardening mode for at least a year. 

[rbentley]

You don't give us enough information to really make helpful suggestions.

What are you looking for?  Low APR, Rewards (if so, what kind), high SL?  What cards do you presently have?

You say you have 10 inquires.  Is that accross all 3 bureaus?  How many are in last 12 months and last 6?

What is your income.

[Anonymous]

What are you looking for?  Low APR, Rewards (if so, what kind), high SL?  

 
I'm looking for any cards to help me build my credit profile over the next 12 months while I let my accounts age. 0% Intro APR, Cashback Rewards, High SL, or cards with Differed Interest would be a plus but are not required. Since I do the Retail Arbitrage any card I can use to purchase inventory with without using cash is beneficial. If there's a 0% APR period or differed interest promotional period that allows me to pay for the items after I have resold them would be even more beneficial... but again not required. 

What cards do you presently have?

Capital One Quicksilver 1.5% Cash Back $0 Annual Fee (NOT QSOne, was upgraded last month from a CapOne Platinum)
Newegg
Overstock
Wayfair
Boscovs
Walmart
Victoria Secret

You say you have 10 inquires.  Is that accross all 3 bureaus? 
Yes

How many are in last 12 months and last 6?
All 10 are last 12 months, 5 are in the last 6 months.

What is your AAoA and income.
AAoA is 6 months. Income varies due to self employment but was around $60k last year after expenses. 

[Anonymous]

Not sure if it's worth noting but all the store cards I currently have are for stores/sites that I source inventory from except VS. VS was my first card that I got as a popup when I first started building my credit and had a 480 credit score back in April. All other cards were direct apps and approvals.

[Anonymous]

Also not sure if it's worth noting or not but I also pay off my credit card bills in full each month and keep my overall utilization very low, currently at 2-3%. 

[rprisco]

I think more info is required. How many inquiries and when on each bureau. Example Experian 2 last 12 mos and 1 within last 6 mos, etc. Any negatives and if yes how old and on which reports.

Have you tried any of the prequal sites, amex, discover, ect? Maybe PayPal who pulls TU or Blisspay who pulls EX? Possibly join a credit union like Navy if qualified.

Sounds like you need to age your profile a little. If your reselling, store cards will not work for you, you need major cards or distributor accounts.

[Anonymous]

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@rprisco wrote:
I think more info is required. How many inquiries and when on each bureau. Example Experian 2 last 12 mos and 1 within last 6 mos, etc. Any negatives and if yes how old and on which reports.

Have you tried any of the prequal sites, amex, discover, ect? Maybe PayPal who pulls TU or Blisspay who pulls EX? Possibly join a credit union like Navy if qualified.

Sounds like you need to age your profile a little. If your reselling, store cards will not work for you, you need major cards or distributor accounts.

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I did a bit more digging and I have 5 Inquiries on TU, all within the last 6 months, 4 within the last 3 months. I have 11 on Experian, all within the last 6 months and 9 within the last 3 months. I have not checked my Equifax in the last 6 months but I'd assume it's somewhere between these numbers.

I have not checked my Equifax in over 6 months. 

I have tried the prequal sites and the only thing I am showing prequalifications for is Discover It Secured. According to PayPal I can't apply for their card because I have a PayPal Business account and not a personal account. I did check Navy Federal and because I am a Veteran I was able to join their CU and got approved for a small ($1000) Cash Back Rewards card. 

I agree that store cards are less helpful than major CCs however they are better than nothing. I use differed interest offers on Newegg, Overstock, Wal-Mart, Boscovs, Wayfair, etc to buy some inventory for retail arbitrage which saves me from having to pay cash for these... so it's better than nothing and has helped me start building credit lines with these cards pretty quickly. I had $0 credit and sub 500 scores just over 6 months ago and already over 700 FICO score with nearly $20k combined credit lines. Sure these numbers don't seem like much to those with huge credit files but for me this has been a huge accomplishment for someone that always avoided credit and never has had "good" credit.

[Anonymous]

Oh, and no negatives in the last 7 years. 

I had some missed payments and collections which I paid off years ago and fell off my account when I started my journey of rebuilding my credit in April of this year. 

[rprisco]

OP, I've been in your shoes and know the frustration all to well, as most of us on this board have also well known.

The inquiries need to age a bit, at least to zero in 6mos. DISCOVER secured is not a bad card, they match all the cash back. Even if you start with 200 line, at 7 mos, about the time ur inquiries age, they usually unsecure and it seems most unsecure with a 2k cl. This card would be huge for your profile.

I would halt any credit seeking and work on sp cli on your existing cards for next 6-7 months and you should be golden for a prime card or two. I would also suggest the all zero except for a small balance reporting b4 applying.

You may want to grab credit karma to see and monitor weekly what's in your EQ and TU. It's free and easy, just do not rely on the alleged scores they provide, they are not FICO. Check it out, you may be surprised on what's on EQ there may be fewer inquiries.

[rprisco]

I forgot to add, if I'm not mistaken, PayPal allows for a personal and business account, why not try to open a new personal account, you may get the pop up, but realize that will be a hard pull on TU as well.