Are Multiple, Same-Day Credit Card Applications OK?
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- Опубликовано: 27 мар 2019
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Answer starts at minute 2:00 :)
I was Approved for 10 cards in one day all 0% and limits of $10K+ most $25K. All instant online approvals. Used same bank for 3, single inquiry. Inquiries do hit fast, but nowhere near as fas as you’ve described. Generally same day, yes, but not at the click of a mouse. Open 10 screens and submit all at once. 1.2M in points, $240K in new credit. 🇺🇸
How do you submit all your applications at once or did you mean one after another???
@@mannogroneg1248 write a script1
How exactly did you submit all at once?
What was your credit score?
manno groneg No open a bunch of tabs. Submit one after the other
Keep your 5/24 and others in mind when doing this
Very useful info. Subscribed!
Now I just have to be patient for about 2-4 months to reapply for chase freedom card.
Thank you
Wow great advice about opening multiple windows and hitting submit...
How To Build Credit TV 📺 this was very effective a few years back when I got two Hawaiian airlines cards.
That's what I'm planning on doing
I applied for 2 yesterday within 30 min and got approved
I applied for ollo optimum and blue cash preferred today and got approved for both. Ollo credit limit 4500 and bcp 2000. Waiting on my cards now. My fico score is 763. Thanks guys, I checked here before risking it all lol I'm sure I'll be fine.
So many ppl recommend it, I am glad I saw your video
5 out of 5 in the last 7 months. 👍🏽 just gonna use them and wait now.
I hate the average of accounts whenever you apply and get approved it gets lowered
3:00 this is true .. so I was recommended this video by youtube and it's probably because yesterday i requested 1 card. got it. then i was like "LET ME SEE IF I CAN GET ANOTHER CARD.. did another .. got that!.. then i tried a third time... got denied .. and this is within... a 2 hour period... ALL ONLINE.. so i think what is best is just 2 have the windows up and ready and when you send in the application (i wouldn't do more than 2) it should be ok.
It also depends in the length of credit history too
Because multiple approved cards will decrease the length on time.
Even if you are added as an authorized user, it counts and it lowers the credit length of time.
With a short credit history of say 1 years, it's about 5 point per card
I just did 8, all approved. The Hard Inquires went into different credit bureaus.
How much did your credit score drop with 8 new cards?
@@houseofob3479 probably two points for each
@@algove3558 thanks for the feedback.✌🏼
What was your score when you applied for the 8 ?
Experian emails you almost immediately anymore whenever someone pulls your credit.
Lol I got one in February and then one today. Got approved for both. Credit score is 816.
I wouldn't do this. The credit inquiries get posted almost instantly.
After I got a secured credit card for 6 months. I tried the Apple card, BEFORE commiting to a hard pull. And I got my Amazon Prime, and Costco instead. And I got approved for both those cards. Didn't get the apple card. But, I find it as a pretty decent indicator to be approved for something else. Your milage may vary.
Great advice
I had 814 Experian credit score
8 hard inquiries in 4 months current score is 798.
All depends. Won't say you should do it, but the free points I will get is worth losing 16 points.
I will be back up by December in fact I will be higher!
I learned my lesson. I applied for a bunch on one day. Most of them rejected me
In August I went 3 for 3 in same day, not back to back but within a 4 hour window. Amex Delta Gold, Disco IT & Wells Fargo Platinum
brownfox79 Were you successful?
@@morgenholz
My apologies dear for not leaving results, Yup I was approved for all. Too many new accounts opened in last 6 months I'm going into garden now
@@morgenholz Just looked at my CRs & noticed last year Nov 18 I was approved for 3 cards on same day then too. PayPal 2% Cashback, Target, & Lowes. Very next day on 19th got Kroger Mastercard! I've been busy so no more new credit for me until 2021 if even then. Take care dear
Spreading out your pulls across the bureaus help with the App o'rama cause they tend to count as a single application for EX, TU, EQ.
Ex. AMEX Charge Card(EX, easy auto-approval), AMEX Credit Card(EX, same day pull stops auto-approval so get a mid/low tier one), Synchrony Card(TU), Discover Cashback (EQ).
For me it gets into a lot of work when you start trying to track which bank pulls from which credit bureau, especially when the same bank can pull from different bureaus at different times or different bureaus based on where you are in the country. I see people who are 100% sure that a card pulls from a certain bureau and then when I get the card the bank tells me they pulled from a different one.
@@ProudMoney True, but to help improve your AAoA, it's still better to get as many long term cards early on and let them age with time.
absolutely
I just applied for a Citi Double Cash and a Discover It card at the same time and got led to this video. I got approved for both so we're good.
I did too and it didn't work 🤔
I would actually get one and wait a few months before applying for a new one. Yes it was great getting approved for both but the inquiries that came with them really hit my credit score
@@hugomendez9107 How hard can I ask? I was just approved for Chase Freedom unlimited a week ago.. I really wanna get a 3rd card.. Probably another capital one.. The Chase inquiry hit my score down by only 5..
@@grantrmoore My credit score got dinged quite a bit because of my short credit history. I made the mistake of not going for a Chase card right away now I probably won't be able to get one unless I don't apply for a new card for a few years.. which is a bummer because I really want a Chase Freedom card.
@@hugomendez9107 Wow. I actually got approved for my 3rd card yesterday as well.. Despite my low income & inconsistent job history.. And I haven't noticed much of a hit yet.. Make sure ur using your cards little as possible only use 30% of balance or even better 10%. I applied thru credit karma.. Maybe that helps idk
ahhhhhh I shoulde watched this first!!! I submitted one and then I applied for the other one 2 mins later and dint go through! :(
Nice video 😃
One problem is that most likely you just end with 4 ok cards as some credit cards lime the best dont like having you have even 5 new cards inadvertently few years
They might see the inquiry but will they see the new credit line until you have set up your account after approval? That will put a bigger hit on my credit than the inquiry.
Great tactics! 🇺🇲👍
I got dinged 19 points, on one hard inquiry. That seems drastic. I was expecting like 5 points.
Lmao me too
Dam
Which credit card did u apply for? I'll make sure to avoid it like the plague, lol.
Yes. Speaking to an “actual human” can help with CLI. I was approved with a lower CLI and then spoke to a person and it was raised by $5000.
How long after you were originally approved did you contact the issuer and ask for a higher limit?
And what did you say haha?
I’d like to know as well lol
@@Outlawed1 I contacted them within hours of receiving my approval. I informed them I would like to do business with them but due to the lower credit limit I would have to take my business elsewhere. After being on the phone for less than 10 mins, my limit was raised.
I applied for an us bank card and a citi card, but I only got accepted for the us bank card. Sucks, cuz I already have the citi DC card.
During pandemic I’m seeing more issuers delayed approval... to get around people doing this....
good to know thank you
Agreed
You’re saying short credit history or shorter credit history,, what’s that mean? 6 months- 1year or 1-2 years?
Very insightful video. Tnx. I knew something about it but I did learn something new. My transunion score is 747, my history will b 1 year this summer but as authorized user 2.8, I will apply for 3 cards when I hit 1 year mark and will c what happens. Then I'll stop for a year or so. Wont apply for Chase tho, I predict 1% chance of getting that one.
Chase cards are easy to get. Unless you mean Sapphires.
Chase showed me three 20K credit line approved, I applied for 1 of them and other 2 disappeared and I couldn’t get in to my account soon after I was approved to check on other 2 options.
Later on I didn’t see those offers. They were gone!! 🙆🏻♀️🤷🏻♀️🤷🏻♀️🤦🏻♀️🤦🏻♀️
Sounds about right. They didn’t want to give you all 3 at once lol. Best thing to do is pull all applications up on your computer/phone etc and hit submit at the same time.
I applied for 4 credit cards: Chase freedom, Discover it, Bank of America travel rewards and Citi Custom Cash. I got approved for the three and denied for Citi Custom Cash. Thank you!
I've maintained a perfect credit history for abt 6yrs. but my credit score is only abt 700 give or take due to high credit utilization which is why I want to additional credit. Do u think I'd have a chance if I did this?
@@alysiaradu4103 Amex will decline unless credit utilization is less than 15%
well i guess you can sue the 4th creditor for discrimination and slavery
How much did your score drop after your credit spree?
@@houseofob3479 It was about 30 points down, but it increased back to its original score within like 2 to 3 months
I applied to 3 different cards this week. I got accepted for Apple and Amazon, but my application for Target is still pending. My score went from 707 to 701. I doubt Target will deny me since they accept anyone with decent credit. The CLI might be lower tho.
Which card has the highest limit?
How many inquiries can u do per bureau?
Hello, sir, I pre-applied for my first credit card I was approved but I just had paid rent I didn't have the 100 dollars to deposit so they could not send the card. I have 4 days to make that deposit so I could receive the card. If I don't make the deposit will it affect me I I try to apply for it again?
I did two for Chase at the same time I got approved for both and they only hit me with one inquiry
Don’t be surprised if they come back and close one of your cards. Chase doesn’t allow double dipping anymore. Many people who have double dipped on the same day and was approved reported that Chase came back and later closed one of the cards. To avoid the closure, quickly charge on both cards before your accounts hit Chase review. 😊
@@maxinef6654 it's been over six months now and they did call me and lower one of the limits on the second card 2 days after I applied they told me they weren't able to give me that high of a credit limit yet.
Which two cards did you get
In my case, I did this last year and my credit score took a hard hit. I think it was due to it lowering my average age of accounts. So, I think I'm applying for no more than 2 to 3 cards a year.
Kelly, can you share with me your opinion on how long inquiries really effect your FICO? I have 11 in six months on Equifax. I’m hoping 90-100 days inquiry free will bring me back up to near normal
So how many cars did you apply for in your credit app spree and how much did your credit score drop?
I applied for 2 us bank cards and 1 capitol one got approved or 2/3 cards got a total of 4 inquiries is that good or bad I wanted to apply for another card in spring/summer of 2022 I’A
Any tips my credit score is 705 and 650 on credit karma and a 705 on credit wise with capitol one but discover shows me 605 can someone explain
If you could do a video about what credit card companies report authorize users, and which ones report the original length of credit onto the new authorize users, I will appreciate it
And btw, AMEX does report the credit score for authorize users, but do it as new member.
The authorized user doesn't inherit the length of credit with them.
I think the Walmart store card does, although I'm not sure which bank backs it up.
C T synchrony backs the Walmart Card
that's a tough one, in terms of how authorized users are treated by each issuer. i'll see if I can put something together.
Chase does. I recently added someone as an authorized card user and it gave them my 2 year and 4 month history for that card.
Could you please elaborate on what you consider short or long history? Thanks
Anything less than 5 years is considered short
I've used the strategy before and I have never made it past two cards. Third card from a different bank always gets denied. Credit checks are very fast and as soon as they hit the same credit bureau it will deny the next one
Have you tried splitting the three cards with three bureaus?
One from each bureau.
If I have any specific CC (Discover IT) could I get a 2nd Discover IT card? Or a CITI CASH could I get another one, I’m order to do a 0 balance transfer from one to another?
generally lenders/credit card companies don't allow balance transfers between the same institution (from chase to chase for ex.). Best way is to look up if that lenders allows that/call and verify. But I'd say it's safe to assume your best best is to transfer from one lender to a different one
the most i’ve tried for was two cards in one day
Did it work?
@@jakegrant6783 yes
Well the fact is multiple cards & cards that age are good 4 ur credit.. The question is how hard will the hard inquires hit u?
Can you cancel a credit card next day of getting it because they didn’t give you all the bonus and 0% APR they had promised you? Would this affect your credit score?
i would second this, although it's too late for me i did get a card that i stupidly didn't do enough research on before applying. (credit one amex card with a 95 annual fee) and regretted it. After approval i found out and wanted to cancel, but i dont want negative impact on my report (not just score).
I wont be canceling it as i already have the card now...i think my best course at this point is to wait a year and see if they can downgrade me to a 0 annual card before my next annual is up. If they refuse me i will probably tell them to just cancel and take the hit. At the least (and i could be wrong) is that by having it for a year before i cancel atleast will show lenders that i responsibly managed the card before dropping it and that i wasn't wishy washy by cancelling it the moment i got it.
@@kotaspremiere2931First mistake was getting any card with credit one lol
I just tried this with a SoFi Mastercard and Capital One Platinum on my IPhone. I filled out Sofi first, went to the other tab and scanned the QR code for Capital, finished filling out that app. I switched tabs to see if Sofi was still there and it was. I pressed submit on both, but Sofi made me log back in. It said it was processing. Capital One approved me for $3,000 but it’s been an hour and haven’t received anything from Sofi. Credit Karma notified me instantly that Capital One pulled my credit, but it still hasn’t said anything about Sofi 🤷♂️
Not really worried if Sofi app didn’t go through, I don’t need it. I’m just trying to increase my credit limits to help make my credit profile look better.
I got approved for 5 credit lines at once in 1 month .. took a huge nose dive! Went from a 770 Fico to 755
Bright side you got credit & have funding to leverage from ! Scores can always go back up & be improved
Dude that’s nope huge at all!! That’s what it’s for.
You a got a great deal. 5 credit lines for 15 points!
That’s not bad. And will bounce up soon
I try apply it midnight per fill everything hit send at 4 same bank and hit 4 other same bank in the store get hit 4 inquire on credit report I did it 4 time in one years get 31 credit card 13.9%~29.9% wait two years did it again 30 credit card total 61 credit card with 720TU, 780E, 767EF credit from $1300-$25,000
cap
@@jx9520 fat cap
Hello! I was advise to get approved for card #1 first before proceeding onto the card #2
Apply for chase first they are a lot more pickier with their clients
Gersen and they have a 5/24 rule
Yes! I spoke with a Chase rep today and she advised the same thing
Hay, can credit card companies retract their approval if they recognise that you're on a spree?
Sure, they can pretty much shut your account down whenever they want.
Chase bank does it all the time .
I’m getting a lot of credit card offers through the mail. Can I play for one every once in a while even though I don’t really need more credit? Is the 5 or so point ding worth the lower debt ratio in the future? I don’t see much information about this being shared. Does applying for a card, not being used or minimally used, a good move?
^^
Yes I think it's a good idea applying for a car to have leverage and to lower your debt ratio I've done this in the past and I'm trying it again to see how it works if you're building your credit having a card that you really don't use a whole lot is a good thing I had got a Fingerhut card one-time not really to use but to have to add to my credit line so my utilization ratio would be lower and it worked out pretty good then I got rid of the Fingerhut card after a year I never use the card actually yes I think having Leverage is important
👍
i gor 3 in one day.
OH shit !!! OK
How many inquires did you get?
I learned the hard way I lost 63 points
James Ukeju damn how?
@@everythingbyjohn I applied for too many in one day
James Ukeju how many?
@@everythingbyjohn I'm guessing a lot.
yeah but it a come back up in a fee months. one of min was for 15000.
Spoke with a lender representative at Chase said “The Chase 5/24 rule is policy now.” Wow..
I just applied for 2 and got denied for both a week later. Do they count as 1 inquiry?! Thank you
Yup
If you did them at the same time yeah. Otherwise no
APP SPREE Lol hahahaha🤣😂🤣😂
Actual human lol😭😭😭😂😂😂😂
I never want to do this but it will be interesting to see someone’s credit drop 200 points by applying for 10 credit cards at once
Probably. I've added 4 cards in a month and my score dropped 20-35 once it gets on my report. It's no big deal because once it posts the first statement, you start getting a bump. Although now you have too many inquiries for awhile. My TU took a huge inquiry hit this year. Next time I'm spreading them out over all the bureaus. Like 2-4 with each bureau and then just sit awhile before doing again. Lol
I have a thick file, so I don't get as much of a hit on hps and new accts, but average age of accts and inquiries take me down
I applied to two credit cards two weeks apart and my credit score dropped 99 points lol it was more so due to a huge jump in credit utilization, tho. I put an Airbnb stay on one of the cards and because it had 0% APR, I didn't bother paying it down that quickly. The inquiries themselves were responsible for about 30 points of the total
@@secretchipmunk7 so how much did your score drop after your spree?
@@houseofob3479 20-30 pts adding 3... 3hps, lowering average age, and one account was added onto report with balance showing... So just hard pulls on a very thick file, 10pts?
I applied for 3 in one day!! 1st Chase (denied) 2nd American Express(approve) and Discover (denied) with 798 credit I’m confuse why the denial!!!
Many factors, check your report and read the red notes as to why your score is lower ex: recent inquiry or low history
so that's 3 total inquiries?
Chase uses 5/24 rule
Likely the average length of accounts
My guy your to new or better yet chase and discover didn't need more customers but if you have only 2 years Discover would put you on a secure credit card
I have a high credit score of 756 but a low credit card history of 2 months. I would like to do a spree for 2 cards. What is you think? Thanks in advance
What did you do I’m planning on getting the Chase freedom but I only have 8 months of credit history
That's not a high score bro lol
Chris Well, no it’s not high but it’s better than average and that’s good for now. I will get it up as I get more accounts. My score is below 756 right now but it’s with only 2 accounts. I’m
Below the required 5 accounts. Once I get up to par my score will raise eventually. I’m not even worried.
Don’t listen to Chris. He’s being a smart ass and probably has a score below you
@@sunnysingh8483 go pay off your debt before commenting.
I applied for 2 credit cards can I go back in a month for the next!
Coty Mahar you would be looked as a risky client if you do that and they will reject you typically you should wait 6 months
No offense, but I wish you had a better camera. 😜✌️
Is 5 years credit history paid perfect considered “short time”?
Depends on average age. Under 2 years, yes that's short. As far as 5 years for oldest card, it's in the middle. Not high not low.
Ideally they look for 9+ years average across all lines.
If that is the age of your oldest account, it is relatively short, if it is the average age of multiple accounts, it is mid range.
You likely won't be joining the 800 club yet, but should be able to hit solidly in the good to very good range, depending on how the rest of your credit profile looks.
Yes but credit history is only 15% of your score where as payment history and debt is 35% and 30% respectively, personally I have relatively short history cause of my age but my payment history over 10 years is perfect and I have 0 debt so my score is over 800 and I get approved for anything I apply for.
My Credit score is 710. I would like to apply for Capital One Venture Travel card, as well as Chase Freedom unlimited at the same time. Advise
Gersen I applied today just got approved for Capital One Venture One 3K
@@BMXKINGSBIKES If you don't mind me asking, what was your credit score when you applied?
My TU- 726, EX- 717, EQ- 671 and I had like 5 inquiries on each of them as well
@@BMXKINGSBIKES Good for you! I'm still up in the air between Venture and Chase Sapphire Preferred.
I haven’t received my card yet it’s still in transit coming me so I couldn’t really tell off hand by experience how this cars stands up but from what I heard from lots of my friends it’s a pretty good travel card
Im young and i made this mistake. I have so many inquiries
Yea? How many? I want 3 cards.. Had 1 for a yr now.. Just got approved for my 2nd one last week. I'm tempted to go for my 3rd today lol
666 likes spooky.
lol
Please change your background!
Did this man legit put a fake thing on his thumbnail to make it look like we watched his video before and and are resuming it now... pathetic
actually it is just a screen grab, stopped doing it after someone else mentioned the same thing you brought up, it never occurred to me that people would see it that way.
That would've been slick marketing tho lol!
Dude, I thought that was an awesome prank 😂. That was funny the first time I found the video
Say wha?? I'll be honest with u... I have no idea what you're talking about.
Seriously, absolutely no clue.