Will WaMu approve me?

[Cory]

Irvin wrote:

haha. I am 4 right now...

but 20 is not thatttt far away. Almost there.

haha jk

You are going to need an accounting clerk to pay the bills for you.

Cory

[jbryant710]

I'm been reading this forum for about 2 weeks now and I love it.  Thank you so much, everybody, for the answers I've already gotten without even asking.  I do have a question, if someone can answer it.  I, too, just applied for a wamu card via a preapprove offer and applied online.  I got an email that said I was approved,  just haven't gotten the card yet.  Anyway, that is about the 4th card I've gotten in a month period.  Am I going to lose a ton of points because of all the inquiries?  Will I also lose points for my history average, having so many new cards?  I went from having an Orchard I got last year, to a Chase (invite) an Orchard Platinum (invite) a Macy's and now a WAMU.  I figured I needed some more credit, but I think I may have gone to far. 

[Anonymous]

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@jbryant710 wrote:

I'm been reading this forum for about 2 weeks now and I love it. Thank you so much, everybody, for the answers I've already gotten without even asking. I do have a question, if someone can answer it. I, too, just applied for a wamu card via a preapprove offer and applied online. I got an email that said I was approved, just haven't gotten the card yet. Anyway, that is about the 4th card I've gotten in a month period. Am I going to lose a ton of points because of all the inquiries? Will I also lose points for my history average, having so many new cards? I went from having an Orchard I got last year, to a Chase (invite) an Orchard Platinum (invite) a Macy's and now a WAMU. I figured I needed some more credit, but I think I may have gone to far.

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IHMO- Play it cool for awhile and let them age a bit, keep the UTL down and ask for CLI's in a few months.

[jbryant710]

Thank you so much, Timothy. 

[Anonymous]

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@jbryant710 wrote:

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Actually you made the right move. Your credit will be for the better after 6 months. :-) Congrats.

[Anonymous]

i applied for Orchard, WaMu, Hooters, and Amex in the past month. All approved.

I already had cap1 for 5 years now, never late.

I guess i might take a hit with the score right now because of new accounts but i need credit for future. Trying to buy a condo or a house in 3-4 years, and a car hopefully beginning of 2008.

Message Edited by Irvin on 06-06-2007 02:17 PM

[jbryant710]

Thanks Ilovepizza, I really needed to hear that

[Anonymous]

They approved me with a TU 645

[Cory]

I got the same pre-approvals twice, $7,500.00 CL, No Annual Fee.

[Anonymous]

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@Anonymous wrote:
For WAMU Specifically. **Wamu does strange things with apps. Before you apply, make sure you have either a 0$ balance or very very close to $0 on your credit reports with all other credit cards. It will improve your odds greatly with WAMU. They do not like UTL when applying.

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This is not necessarily true. You mentioned in another thread that you were carrying 12 inquiries (if I remember correctly) at the time you applied. Even though WaMu claimed the reason for declining was your utilization, I think your inquiries were the key factor. I recently applied online for a WaMu card and received an instant approval. My utilization at the time I applied was 29%, but I had 0 inquiries during the previous 12 months.