Is it bad to apply for two credit cards in one month?

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Is it bad to apply for two credit cards in one month?

Postby VisaSpeak » Sat Mar 02, 2013 2:15 pm

If I apply for Chase Freedom today and then apply for AMEX Gold in another 2 weeks or so, will my chances for being approved for Amex gold drop?

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Postby Calipso » Sat Mar 02, 2013 2:34 pm

You should do all your applications within the same 24-48 hour period. That way, neither of them will see the other's INQ's.

I applied to six credit cards in the same day and approved for all six. YMMV.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500

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Postby MemberSince99 » Sat Mar 02, 2013 4:59 pm

It just depends. In practical terms it depends on your history and how many inquiries you have. Some say Amex is inquiry sensitive, but they approved me with a LOT of inquiries on my report so YMMV as always.

So without knowing anything about your history or your current inquiries all we could do is just guess. As a rule, yes, but if all you have is one inquiry and a good history, I doubt it will hurt at all. We just can't say not knowing anything.

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Postby DavidNY » Sat Mar 02, 2013 7:01 pm

I've done multiple inquiries on the same day for the reason Calipso mentioned.

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gap credit card

Postby bmar » Thu Mar 21, 2013 6:18 pm

I signed up for gap credit card today and want to sign up for Bank of america cash back credit card next week. Can someone explain if it is a good or bad idea?


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