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I recommend waiting at least 3 - 6 months from last denial before reapplying or just apply with a different card issurer. For example, I was denied for the CSP in January. Then i was approved for the Amazon prime card & Paypal MC in April.
I try to 'garden' for 6 months between cards. If I am not where I want to be with my score, I will wait. I make sure NONE of my cards is open/has an anniversary date in Nov, Dec, or Jan due to holidays and potential AF's hitting during that time. I try to watch for something that will either really benefit me OR if there is a no brainer type of no annual fee/long term keeper, I will go for that. Always mindful to be at 4/24 whenever possible. It's worked for me so far. Thanks for the upload!
@@Darclover82 it's the phone number the credit card company has for disputing a denial. If you are declined for a card, you can call the line and ask for your application to be reconsidered for approval.
Hey buddy! I REALLY like the finger you point right on my face every time I try to watch one of your videos. But keep doing it as it’s kind of funny. Thanks
I got denied for the Amex Hilton card. Applied after 30 days and got approved 🙌🏾. First Amex card. Now I’m over 5/24. wanted the CSP 😩. Oh well only gotta wait a year.
I got my first amex card when I only had 13 months of history. Within the following 13 months I opened another 4 cards for a total of 5 with them (3 Credit, 2 Charge cards)
I was denied for Discover because I applied for an Amex card less than 30 days before. I was told I had too many inquiries but the only inquiries I had in the last 2 years was Amex & Discover
Same. Got denied for Discover It, although I had applied to (and accepted) for AmEx Platinum about 2 weeks prior. I had also accepted an upgrade to my AmEx blue cash card....both within a few weeks of applying to Discover.... Also applied to Citi Costco card around the same time and got denied...
That's crazy smh, I have 2 Amex cards 'Hilton honors' 'Delta Skymiles' & they approved me that day with a credit score of 669. Credit history is crazy. Sorry you got denied
Applied for the BCE Feb 12th and was denied. I received a pre-approval on April 12th and applied (Approved). I was going to wait 6 months but the pre-approval got me.
I got denied for the Chase Freedom Unlimited back in May because of a delinquency. It's been 2 and a half months and it has been paid and removed from my report. My score went up almost 100 points. Could I go after that card now or should I still wait another month or so?
I got a pre qualification by Amex and I decided to apply for the gold business card first and got approved, then 2 days later I applied for Amex business blue cash back for a different business and got approved, and I decided “you know what, maybe I could get a personal card too” and nope btw both business cards were with my information and I have a higher income. My reasons were debt(2 car notes & 19% credit utilization) , inquiries, and pervious delinquency(all older than 2 years)😳
It’s really weird because I have the sapphire reserve and just tried to get the freedom flex and they declined me. I did refinance my cars a couple months ago but that’s it.
Funny enough, capital one is the one who is being the most stingy with me.. Discover, chase, citi all approved me for starting card credit lines of several thousand on the first try. Capital one of the other hand, denied me three times before finally approving me for a measly 1k credit line
I got denied by Chase for having too low of a usage on my current cards with them. I've since started pretending that my non-Chase cards don't exist to get back on Chase's good side. Would you apply the 30-day rule to this situation or is there another indicator that it may be ok to apply again that is less than 6 months?
If you've taken out an auto loan in the past with all on time payments, are banks/credit unions more likely to be fine with you getting a bigger auto loan?
He should actually get a secured credit card (will need to have money to make a deposit) with his financial institution or he could get one through: Capital One or Discover.
@@skyscrapesthetower thanks. I forgot to say 820+ credit score 4 inquiries in 24 months. 3-5% utilization sole proprietor. I know chase doesn’t like new business, but gee, I thought he could get one easy.
Hey Adam, great video!!! I was declined about 2 days ago for Ink Unlimited, is it ok to apply for a personal cobranded card instead about a week for now instead?
I got denied for CFF because I got approved for the Amazon Prime CC on the same month. From what I know they won't approve go cards in the same month. How long would you recommend I wait and try again?
I just got declined by Capital One for the SavorOne card with a credit history of a year and score of 735 +. Any advice on when I should apply for another card again? I wanted a card that covered entertainment/ restaurants and take out. I’d love any ideas or opinions.
Wells fargo has a new card coming out soon that has Entertainment, Restaurants/take out + Gas which might be better for you anyways. But I'd say wait at least 3 to 6 months. So like 2 to 5 now
Make sure you’re utilizing your credit to debt ratio …also make sure you’re paying before the closing date sometimes the closing date can be before the due date ….
Credit score is just one of many factors. Most probably you need a credit history of at least two years for Capital One, and premium cards from Amex and Chase.
Amex give me there gold card with over 5 inquiries and a 720 credit score. Keep in mind its a somewhat of a charge card and have a $250 Yearly fee. I canceled that bad boy before the first statement!
@@grownsimba8120 I canceled because I couldn't make the $4,000 minimum spend. I got Navy Federal More Rewards to replace it ,$25,000 Credit limit no annual fee.
About how much credit history would Chase want? I have about 1 year of credit history and I recently got rejected. My credit score is well above 700. Any advice?
Depends on many factors. Is your debt to income ratio high? Also, there is a soft rule that Chase won’t lend any more credit than 50% of your reported income (but can subject to change). If you have a high credit limit on another Chase card, you can transfer some of the limit to the newly applied card and be simply approved via reconsideration line. Good luck!
I was trying to apply for a second Hilton card to get a second sign on bonuses, it said I could get the card but not the bonus, do you know why that is?
Bro i have question i have 1 credit card only from last 7.4 years now I apply for 1 card it’s approved and also my old card I apply for increase my limit can i apply 1 more card? Is that possible plz help me with.or i can w8 for 6months? My credit score is 749
Based on your credit report from one or more of the agencies below, there are too many new revolving accounts....,. that's what I get when i do capitol one pre approval i have a discover it secured card 6 months old and a paypal mastercard 4 months old how long should i wait to apply for another credit card ?
Firstly it’s “capital” so if you didn’t even know that maybe you forgot to pay your bills and out of that 24,000 you only have $200 in available credit lmaoooo
Proud money Ive read in a letter from boa all of the above‼I was asking for a credit increase on my cash rewards card. Not only did I get denied, Experian has it as a hard inquiry 💯. On a positive note the hard inquiry will come off in 90 days from the time of the letter.
@@kambasuvereroberson2728 Twenty four months, 2yrs. This is a error on experian that I disputed. That's why in 90 days it will be removed from credit report ✅
@@ammooth1592 you can call & ask them to transfer you over to the 'Fraud Department'. Once you transfer let them know your situation and that you talk too the FCRA & CFPB & they told you to call them. Once they pull up your file, they will ask what are we removing? Problem solved. I don't have any hard inquiries anymore with any Bureaus or derogatory. Easy work & easy money. Credit score a 832 now & I can get whatever I want
Support our channel by choosing your next credit card using one of the card links at:
- BEST: www.proudmoney.com/best-credit-cards-on-the-market/
- CASH BACK: www.proudmoney.com/best-cash-back-credit-cards/
- TRAVEL: www.proudmoney.com/best-travel-credit-cards/
- BONUS: www.proudmoney.com/best-credit-card-bonus-offers/
- BALANCE TRANSFER: www.proudmoney.com/best-balance-transfer-credit-cards/
- GAS: www.proudmoney.com/best-gas-credit-cards/
- BUSINESS: www.proudmoney.com/best-business-credit-cards/
- FAIR CREDIT: www.proudmoney.com/credit-cards-for-fair-credit/
- BAD CREDIT: www.proudmoney.com/best-credit-cards-for-bad-credit-unsecured-secured/
(We'll get compensated if you're approved, and we thank you kindly.)
Other ways to support this channel:
- Get a $25 - $325 bonus when you open a SoFi Checking/Savings Account at: www.sofi.com/invite/money?gcp=68388c1c-9593-48a6-8872-7052db78d937
- Use our Amazon.com link: amzn.to/2PpQWoB (As an Amazon Associate, we earn from qualifying purchases.)
.
NOTE: Credit card information in this video is not guaranteed; we have attempted to confirm all information to the best of our ability but we could simply be wrong or the information could be outdated by the time you watch this video. We are doing our best here, but check our work!
P⁰
I got denied by capital one four months ago for not having a checking account , do you think I should try again ?
I recommend waiting at least 3 - 6 months from last denial before reapplying or just apply with a different card issurer.
For example, I was denied for the CSP in January. Then i was approved for the Amazon prime card & Paypal MC in April.
I try to 'garden' for 6 months between cards. If I am not where I want to be with my score, I will wait. I make sure NONE of my cards is open/has an anniversary date in Nov, Dec, or Jan due to holidays and potential AF's hitting during that time. I try to watch for something that will either really benefit me OR if there is a no brainer type of no annual fee/long term keeper, I will go for that. Always mindful to be at 4/24 whenever possible. It's worked for me so far. Thanks for the upload!
A lot of good information here. But, I'm surprised that you didn't discuss calling Reconsideration Lines.
What’s that?
@@Darclover82 it's the phone number the credit card company has for disputing a denial.
If you are declined for a card, you can call the line and ask for your application to be reconsidered for approval.
Hello, is this for all cards? If so where can I find the number?
Hey buddy! I REALLY like the finger you point right on my face every time I try to watch one of your videos. But keep doing it as it’s kind of funny. Thanks
I got denied for the Amex Hilton card. Applied after 30 days and got approved 🙌🏾. First Amex card. Now I’m over 5/24. wanted the CSP 😩. Oh well only gotta wait a year.
Hopefully you get that 100k SUB
Why didn't you get the CSP first if you knew you'd be over 5/24, then get the Hilton card?
Thanks for the quick rule of thumb in the beginning!
Most time I wait one years. It work most time.
That's what I'm doing, wait 6 months, !
Yes, that's the average 6 months👍
Why do inquiries stay on your report if your approved? If inquiries are bad, why not remove them if approved??
Because people would abuse the system, this makes it somewhat fair for all. I think Apple Card does that though.
@@LifelsGreat No they don’t I have the card myself and inquiry is still there
@@LifelsGreat The Apple card only doesn't report the inquiry if you get denied. So it's the opposite.
They have to be in control otherwise it would be mayhem and they don’t like that
Citi denied me for the custom cash, my score is 740 and 3 years of history
Always great content, super informative
American express accepted me with a 7 month credit history
How? and how much they lend you?
@@francosql I’m new, what’s so good about that card?
I got my first amex card when I only had 13 months of history. Within the following 13 months I opened another 4 cards for a total of 5 with them (3 Credit, 2 Charge cards)
Adam how about a video talking about which cards use which credit agency to pull your credit report
I was denied for Discover because I applied for an Amex card less than 30 days before. I was told I had too many inquiries but the only inquiries I had in the last 2 years was Amex & Discover
Same. Got denied for Discover It, although I had applied to (and accepted) for AmEx Platinum about 2 weeks prior. I had also accepted an upgrade to my AmEx blue cash card....both within a few weeks of applying to Discover....
Also applied to Citi Costco card around the same time and got denied...
I was denied saying that I had too many new credit lines recently
How many new credit lines did you obtain?
great advice. thanks man
Applied for Amex and was denied because my credit limit is too low even tho I have a 763 credit score. One year of credit history with no debt.
Oh and before I applied I Got two pre-approval letters for two of their cards and still denied.
See if your bank will let you take out a SECURED loan. Usually cheaper rates than a secured credit card 🤷
That's crazy smh, I have 2 Amex cards 'Hilton honors' 'Delta Skymiles' & they approved me that day with a credit score of 669. Credit history is crazy. Sorry you got denied
Applied for the BCE Feb 12th and was denied. I received a pre-approval on April 12th and applied (Approved). I was going to wait 6 months but the pre-approval got me.
Great video; very useful information!👍
I got denied for the Chase Freedom Unlimited back in May because of a delinquency. It's been 2 and a half months and it has been paid and removed from my report. My score went up almost 100 points. Could I go after that card now or should I still wait another month or so?
I got a pre qualification by Amex and I decided to apply for the gold business card first and got approved, then 2 days later I applied for Amex business blue cash back for a different business and got approved, and I decided “you know what, maybe I could get a personal card too” and nope btw both business cards were with my information and I have a higher income. My reasons were debt(2 car notes & 19% credit utilization) , inquiries, and pervious delinquency(all older than 2 years)😳
Great job!.
I wish this guy bother to answer this people questions, it help you conect with your subscriber and wins other new ones.
Thank u for this vid, Adam.
Excelente tu información ℹ️
It’s really weird because I have the sapphire reserve and just tried to get the freedom flex and they declined me. I did refinance my cars a couple months ago but that’s it.
Did you try applying for the US Bank again ?
I got denied for debt to credit ratio.
What was the percentage? Utilization
Funny enough, capital one is the one who is being the most stingy with me.. Discover, chase, citi all approved me for starting card credit lines of several thousand on the first try. Capital one of the other hand, denied me three times before finally approving me for a measly 1k credit line
Damn, really called my highest credit line measly ;(
Uploaded this video just on time. Got my rejection letter from chase today due to 5/24 😓
How about a credit line increase, same rule of thumb?
I got denied by Chase for having too low of a usage on my current cards with them. I've since started pretending that my non-Chase cards don't exist to get back on Chase's good side. Would you apply the 30-day rule to this situation or is there another indicator that it may be ok to apply again that is less than 6 months?
If you've taken out an auto loan in the past with all on time payments, are banks/credit unions more likely to be fine with you getting a bigger auto loan?
6 months worked for me to get my Amazon Prime Rewards visa.
What's the minimum they can give??
@@jat-justamaturetech-philpj8285 5k since it is a Visa Signature card.
Friend denied because business too new. Should he wait six months or go for a different company?
He should actually get a secured credit card (will need to have money to make a deposit) with his financial institution or he could get one through: Capital One or Discover.
@@skyscrapesthetower thanks. I forgot to say 820+ credit score 4 inquiries in 24 months. 3-5% utilization sole proprietor. I know chase doesn’t like new business, but gee, I thought he could get one easy.
@@betruetoyourself7162, Sam’s Club (master card and store card), Home Depot, and maybe a secured business gas card.
Hey Adam, great video!!! I was declined about 2 days ago for Ink Unlimited, is it ok to apply for a personal cobranded card instead about a week for now instead?
How would getting two new credit cards in the same month affect your average age of credit?
I got denied for CFF because I got approved for the Amazon Prime CC on the same month. From what I know they won't approve go cards in the same month. How long would you recommend I wait and try again?
Not true in all cases. I picked up 3 cards in the same month ( a few years ago) it was all with the same bank though.
@@TheFadingTheory agreed, I opened a checking , saving, reserve , freedom, unlimited, ink cash all in one night 🤣
I would suggest 6 mths . getting multiple cards by same issuer is the exception not the norm
I just got declined by Capital One for the SavorOne card with a credit history of a year and score of 735 +. Any advice on when I should apply for another card again? I wanted a card that covered entertainment/ restaurants and take out. I’d love any ideas or opinions.
Wells fargo has a new card coming out soon that has Entertainment, Restaurants/take out + Gas which might be better for you anyways. But I'd say wait at least 3 to 6 months. So like 2 to 5 now
Make sure you’re utilizing your credit to debt ratio …also make sure you’re paying before the closing date sometimes the closing date can be before the due date ….
Credit score is just one of many factors. Most probably you need a credit history of at least two years for Capital One, and premium cards from Amex and Chase.
Does anybody know what the score to have for an American Express Gold card would bet
Amex give me there gold card with over 5 inquiries and a 720 credit score. Keep in mind its a somewhat of a charge card and have a $250 Yearly fee. I canceled that bad boy before the first statement!
@@thebrains4029 why did you cancel & what did you get to replace it?
@@grownsimba8120 I canceled because I couldn't make the $4,000 minimum spend. I got Navy Federal More Rewards to replace it ,$25,000 Credit limit no annual fee.
i had a 749 score and got denied
Got my first credit card, Amex Green. Should I wait 6 months for next card? I have almost perfect credit score.
No, if you have over 800 you will probably be approved! I applied within one month!
What score do you recommend for the American Express Gold
700 my lil bro just got it
@@kennycappo4616 ok I want that or delta gold to be my next card
Can you be denied for a card for not having a high income, a card like the x1 for example
yes
About how much credit history would Chase want? I have about 1 year of credit history and I recently got rejected. My credit score is well above 700. Any advice?
Chase has a 5/24 if u have five credit cards around a 24 month period they will straight reject you
Depends on many factors. Is your debt to income ratio high? Also, there is a soft rule that Chase won’t lend any more credit than 50% of your reported income (but can subject to change). If you have a high credit limit on another Chase card, you can transfer some of the limit to the newly applied card and be simply approved via reconsideration line. Good luck!
They want to see at least a year of credit history it all depends I got approved for my first card with them around 9 months.
If I have 6 inquiries should I call them to review it I have like a 740 credit score
I was trying to apply for a second Hilton card to get a second sign on bonuses, it said I could get the card but not the bonus, do you know why that is?
what about denied SuB? I’m preapproved for Gold cars but got denied 60k SuB. 780 in all three bureaus and 5/24, 2/6
Bro i have question i have 1 credit card only from last 7.4 years now I apply for 1 card it’s approved and also my old card I apply for increase my limit can i apply 1 more card? Is that possible plz help me with.or i can w8 for 6months?
My credit score is 749
It all depends what card you are trying to apply for
Based on your credit report from one or more of the agencies below, there are too many new revolving accounts....,. that's what I get when i do capitol one pre approval i have a discover it secured card 6 months old and a paypal mastercard 4 months old how long should i wait to apply for another credit card ?
Atleast 90 days 3 billing cycles but it's recommended waiting 6mos
What about if its approved? How long do i wait?
Just as long
i would say about 11 years, And you'll STILL! be Denied.....
I was denied by Capitol one... for having to much Credit... its only 24,000
Firstly it’s “capital” so if you didn’t even know that maybe you forgot to pay your bills and out of that 24,000 you only have $200 in available credit lmaoooo
@@wantedx575 🤔
Comment
Proud money Ive read in a letter from boa all of the above‼I was asking for a credit increase on my cash rewards card. Not only did I get denied, Experian has it as a hard inquiry 💯. On a positive note the hard inquiry will come off in 90 days from the time of the letter.
I thought hard inquiries take two years to come off.
@@kambasuvereroberson2728 Twenty four months, 2yrs. This is a error on experian that I disputed. That's why in 90 days it will be removed from credit report ✅
You can take it off in 8 hrs with Experian. That's easy
@@Madden-Frangrance-Champ Please, explain..
@@ammooth1592 you can call & ask them to transfer you over to the 'Fraud Department'. Once you transfer let them know your situation and that you talk too the FCRA & CFPB & they told you to call them. Once they pull up your file, they will ask what are we removing? Problem solved. I don't have any hard inquiries anymore with any Bureaus or derogatory. Easy work & easy money. Credit score a 832 now & I can get whatever I want