How many credit cards can you apply for in one day?

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8 posts
jonlien
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How many credit cards can you apply for in one day?

Postby jonlien » Sat Sep 14, 2013 11:17 pm

I heard that the credit card company can tell if you apply for multiple credit cards on the same day. Is this true? If so, what is your advise to fly under the radar? I want to apply for 6 credit cards. My credit score is 750+. Any help is appreciated.


SClay
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Postby SClay » Sun Sep 15, 2013 12:28 am

Hey there,

You can apply for however many you want in a day. However, certain lenders have certain restrictions. For example, you can only apply for one American Express card in a 24 hour time period.

It is my understanding that inquires show up on credit reports almost immediately. So that would be the reason why they can tell if you apply for multiple cards in a day. With a substantial income and your credit score you shouldn't have a problem getting approved for most credit cards. To validate that statement however, what cards were you planning on applying for?

Hope this helps.
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

takeshi
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Postby takeshi » Mon Sep 16, 2013 12:54 pm

There's no fixed number for all people. The number of cards a person can reasonably apply for in one day all depends on that person's credit. We really can't tell you how many you can apply for -- even with your score. Lenders don't just look at the score but for other criteria (that vary from lender to lender) as well. Prioritize your list and apply in order. Stop if you start getting 7-10 day notices, etc.

jonlien
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Postby jonlien » Mon Sep 16, 2013 11:44 pm

Takeshi,

What are 7-10 day notices.

Sclay,

I don't know which cards I want to apply at this time. I will need to do some research.

SClay
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Location: South USA

Postby SClay » Tue Sep 17, 2013 12:21 am

jonlien wrote:
Sclay,

I don't know which cards I want to apply at this time. I will need to do some research.


Okay. Let us know so we can better help you! :)
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

joymali
 
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Location: United States

Hi

Postby joymali » Thu Oct 03, 2013 7:15 am

There is no real limit on how many credit cards you can apply for in any given period of time. However, you need to know that this does impact your credit score in a negative way. When you apply for a new credit card, the company pulls your credit report so they can see if they want to give you a line of credit. If too many companies pull your report in a small period of time, it can drop your credit score.

the_one092001
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Postby the_one092001 » Thu Oct 03, 2013 3:34 pm

jonlien wrote:Takeshi,

What are 7-10 day notices.

Sclay,

I don't know which cards I want to apply at this time. I will need to do some research.


Notices where they'll get back to you within 7-10 days. Rather than instant approval.

Some lenders are easier to get approvals from than others based on credit pulls. From what I've heard, Chase is pretty lenient; even if they put you in the queue, if you call the reconsideration back door and speak with a rep with legitimate reasons why you want different cards, and everything else is in order, they'll usually approve you. Credit pulls affect your score but they don't necessarily affect the more important metrics of your ability to pay and such. If they see lots of pulls due to card churn, some banks will get wary, but if you don't normally do this and have a decent AAoA, it shouldn't be a problem.

thecentury303
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Postby thecentury303 » Sat Oct 05, 2013 6:32 pm

SClay wrote:Hey there,

You can apply for however many you want in a day. However, certain lenders have certain restrictions. For example, you can only apply for one American Express card in a 24 hour time period.

It is my understanding that inquires show up on credit reports almost immediately. So that would be the reason why they can tell if you apply for multiple cards in a day. With a substantial income and your credit score you shouldn't have a problem getting approved for most credit cards. To validate that statement however, what cards were you planning on applying for?

Hope this helps.


I always apply for two AMEX cards together (within one hour) and have found no problem whatsoever.
My family:
Capital One Cash Rewards for New Comer: $1500 (09/12)
Local Credit Union: $1,500 (10/12), Chase Freedom: $1,500 (04/13), Discover IT: $1,800 (04/13)
AMEX Gold Charge Card: NPSL (06/13), AMEX BCE: $6,000 (06/13)
Chase United Explorer: $6,000 (10/13), Chase Ink Cash: $3,000 (10/13), Barclays Arrival Platinum: $3,000 (10/13)



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