How many inquiries is too much? How do they affect the score?

[folks19]

Is there a way to avoid losing points from inquiries by waiting a certain amount of time between them? And in which situations do inquiries have more or less of an impact on the score (other than inquries from over 12 months ago)?

[RSX]

if you need a product, be it loan or CC - then my opinion is to app for it without being concerned about the Hard Inq

some recommend only apping every 6 months

some recommend apping for 2-3 items at the same time

for a new account, there are 3 factors - not just the Inq

New Account

ReCalc of AAoA (lowering average age due to the new one)

Inq (possibly multiple)

in this case, the Inq is the least of the 3 items impact wise

[folks19]

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@RSX wrote:

if you need a product, be it loan or CC - then my opinion is to app for it without being concerned about the Hard Inq

some recommend only apping every 6 months

some recommend apping for 2-3 items at the same time

for a new account, there are 3 factors - not just the Inq

New Account

ReCalc of AAoA (lowering average age due to the new one)

Inq (possibly multiple)

in this case, the Inq is the least of the 3 items impact wise

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I think you are right about all of that. If i need the credit, I should apply anyway regardless of the impact of a hard inquiry, and yes, the negetive impact of a new account and lowering the AAoA is probably higher. However, I'm asking for education purposes because my file is a bit thin, and I'm going to apply for some more cards soon, and I want to do it wisely.

[RSX]

i think each Inq would drop you 2-5 pts