Bad idea apply for a new credit card before car loan?

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Bad idea apply for a new credit card before car loan?

Postby pzzdog » Mon Sep 09, 2013 5:18 pm

Hi, do u guys think I can apply new credit card before car loan or is it a bad idea to do that?

(I'm thinking of applying for a new card to do a balance transfer if it makes any difference.)

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Postby namvet » Mon Sep 09, 2013 8:46 pm

If it were me I would not apply for credit prior to making application for a auto loan. A lot depends on your credit profile but your best bet is to get your auto loan in place 1st. Good luck!

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Postby RewardHop » Mon Sep 09, 2013 8:53 pm

I agree, wait until after you get your auto loan if you can.
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Postby djrez4 » Mon Sep 09, 2013 9:50 pm

If you already have 5+ inquiries in the last 6 months on each report, it shouldn't matter.

If not, get the loan first. A higher interest rate on the car loan will probably cost more than waiting a month on the balance transfer.
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Postby PhoenixDown » Mon Sep 09, 2013 10:06 pm

I had no choice but luckily scores were still above 720 for me to qualify for a 0% finance offer.

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