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Opening two Credit Union accounts same day -- bad idea?

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sxa001
Valued Contributor

Opening two Credit Union accounts same day -- bad idea?

My closing is scheduled, unless things change we will be closing next Wednesday.  I have decided on the three cards I want to try for.  Two of them are with credit unions.  Amplify and AOD.  

 

Is it a bad idea though to open two credit union accounts on the same day?  


Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Opening two Credit Union accounts same day -- bad idea?

Not a bad idea

Message 2 of 6
KJinNC
Valued Contributor

Re: Opening two Credit Union accounts same day -- bad idea?

I'd wait until after you close, but, should be fine then. At worst, it'll be two hard inquiries, plus any new accounts (eg the AOD Visa), which is why I'd wait until you close.

Message 3 of 6
sxa001
Valued Contributor

Re: Opening two Credit Union accounts same day -- bad idea?


@KJinNC wrote:

I'd wait until after you close, but, should be fine then. At worst, it'll be two hard inquiries, plus any new accounts (eg the AOD Visa), which is why I'd wait until you close.


Yeah wasn't planning to do it until after we have keys, but am wanting to apply quickly for the three cards I want after we close to get them before my DTI is out of whack by the mortgage reporting.  I was just wondering if opening the accounts on the same day would be an issue, since generally with bank accounts they say it is good to space them out.  


Message 4 of 6
tcbofade
Super Contributor

Re: Opening two Credit Union accounts same day -- bad idea?

Two won't be an issue.

 

Twelve would be.  Smiley Tongue

Fico 8 06/01/26: EX 791, EQ 819, TU 808.
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Message 5 of 6
Anonymous
Not applicable

Re: Opening two Credit Union accounts same day -- bad idea?

I say get the dings out of the way at the same time. 

Message 6 of 6
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