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Old Mar 13, 2013 | 2:03 pm
  #12  
iliopsoas
 
Join Date: Nov 2003
Location: SF Bay Area
Posts: 66
Terrible, incomplete advice.

You don't need to wait until 2014 or scores to go back above 750 to apply.

You applied for 11 cards in 1 month. Not terrible, depending on which credit reporting agencies were pulled.

Chase tends to pull EX and sometimes pull both EX and EQ. If you only have a few inquiries on EX, wait another month or 2 and then apply for more Chase cards. To be certain on which CRA Chase will pull, go to this database here and input your state and card http://creditboards.com/forums/index...pp=creditpulls

Hard inquiries will fall off your credit reports in 2 years but the impact should significantly lessen by 6 months. Some creditors will deny base on # of inquiries but the impact of inquiries on FICO isn't that significant. You should be more worried about average age of accounts. At this point, 1-2 more accounts won't kill you. If your AAoA is above 5 years, you're golden.

If you get declined, call in for reconsideration.

Data point: I applied for and got approved for 14 cards over past 5 months. No denials. Sure, I spaced them out a little. Applied for 6, waited for 1-2 months and applied for 2-3 more each time. My FICOs have only dropped 10-15 points.
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