Application for a Citi credit card before/after a car loan
May 22, 2019, 8:39 am
#1
Original Poster
Join Date: Jan 2004
Location: MIA
Posts: 298
Application for a Citi credit card before/after a car loan
Apologies in advance if this is not the appropriate forum, I would like to get opinions on the following.
My credit scores are in the 700-750 range. I recently applied for and was approved for a car loan with BMW Financial. The loan is not yet opened so is not reported to any of the CRAs (however the hard inquiry to Experian is.) I plan to establish the car loan in the next month, but in the meantime would like to apply for a Citi AAdvantage Executive World Elite Mastercard. My question, should I apply for the Citi card before or after the car loan is opened?
My credit scores are in the 700-750 range. I recently applied for and was approved for a car loan with BMW Financial. The loan is not yet opened so is not reported to any of the CRAs (however the hard inquiry to Experian is.) I plan to establish the car loan in the next month, but in the meantime would like to apply for a Citi AAdvantage Executive World Elite Mastercard. My question, should I apply for the Citi card before or after the car loan is opened?
May 22, 2019, 12:30 pm
#2
Join Date: May 2013
Posts: 378
with your profile, shouldn't matter.
usually, at least in the past, car loan process would incur lots of hard pulls which could scare away cc companies. IF that's a factor, a month here or there is not going to fix. You need to wait longer or convince the underwriter that all those pulls are tied to one loan. Loan reporting/not reporting will not have an impact.
usually, at least in the past, car loan process would incur lots of hard pulls which could scare away cc companies. IF that's a factor, a month here or there is not going to fix. You need to wait longer or convince the underwriter that all those pulls are tied to one loan. Loan reporting/not reporting will not have an impact.
