how many credit cards application can you put in per twenty four hour period. also my banks swears that pulling your credit report does not effect your score. will having three credit reports pulled in a twenty four hour period effect my score really bad? I want to apply on line and they ( my bank)want to pull my credit report with in two days for thier promotion.
Every time a hard inquiry is done, it lowers your score. Too many inquires in a short amount of time makes you look needy to lenders and you could get turned down just based on the amount of inquiries on a report. Mortgage inquiries and auto inquiries are supposedly counted differently if they are done in a short amount of time. *But* if you know who pulls which report, and if there's only 1 inquiry per report in that short amount of time, it's not nearly as deterimental as say, 3 inquiries in 24 hours or even in 6 months. Some people get hit really hard point wise for inquiries - I've lost anywhere from 1 point to 4 points PER inquiry... general concensus seems to be that the lower your score, the more they get you point wise for an inquiry. General rule of thumb - use your inquiries sparingly. Since your inquiry conscious and in case you missed the thread, Umbrella Bank pulls a soft inquiry when you apply for a checking/savings account with them online... and at that point they'll also let you know if you were approved for a Visa with them... they pull Experian... so if you've got the itch to apply, try these folks and you won't hurt your score by doing so. For more info on Umbrella, such as what scores everyone had and whether or not they were approved, I suggest doing a search for Umbrella bank - there were, I believe, 2 or 3 threads going about this bank. Ozzy.
thanks. yes I am itchinging to apply just bought a house and would like to get the credit now and not apply for a while. my scores are very similar to your will stop applying for now, juniper has a applcation pending. Got platimum visa for 2500 wanted to be done applying with one card of 5000.00 thanks
Re: how many CC apl. per 24 can you Mortgage INQs (coded correctly) count as one INQ if made within a 14-day period. So 15 mortgage INQs made in 24 hours would count as one INQ. However, 15 credit card INQs made in a short period, will absolutely destroy your credit for 6-12 months. Saar
Re: how many CC apl. per 24 can you oh goodness I would not dare try to aqpply for fifteen cards but I have had three inquiries in three days. I would like to apply for more. But do not know how to space the application. I would like to get approved for two major cards. I 've got approval from one major and are looking for approval approval from jupiter it is pending. thanks
Re: how many CC apl. per 24 can you General rule of thumb - the worse your credit, the more the inquiries hurt.
If you get denied for the pending card, consider not applying for any more for about 90 days. If you want to see some of the cards that are available, check out the following link: http://www.cardoffers.com The following link leads to a description of some good basic credit cards that have no annual fees. http://www.cardoffers.com/reviews/c...16&apr2=25&intro=9999&Submit.x=28&Submit.y=15 Good hunting!
I was just denied a Discover card for one reason and one reason only... New Accounts Yes, I opened new accounts LAST JUNE 2001 (2Citi) and August 2001 (Juniper) and now, even though score is in 700's and report is pretty clean (only a couple OLD 30day lates) I can't get a card. I've almost got everything paid off now and the rest will be paid off by sometime this summer but I really would have liked 0% for the remaining balance since my other promos ran out and now I'm at 10.74%. Oh well... will we every figure out this game? Now I've got a useless inquiry on my report!
That's seriously bizarre... I applied the end of February for Discover and was approved for $3500.... Since December '01 I have gotten GetSmart, Target, Citi, and JCPenney, and they were all reporting when they pulled my report. A new mortgage was reporting as of 11/01 also. That reasoning on their part is ridicules. Ozzy.
