2012 App-O-Rama (AOR) and Churn Advice Archive
Jan 4, 2013, 1:41 pm
#1351
Join Date: Jun 2011
Location: East Coast
Programs: AA/DL/UA, SPG/HH
Posts: 154
agree with mintcilantro and would add that over time, the importance of managing the number of inquiries across reporting agencies (especially experian) becomes exponentially more important to staying in the game and keeping approval rates up
Jan 4, 2013, 4:06 pm
#1352
Join Date: Aug 2011
Location: Chicago
Posts: 231
For most banks 740 will get you the best rate. For some banks only 760 or above get you the best rate. your credit report will show your inquries for the previous 2 years, however, only inquiries you made in the previous 1 year will effect your credit score. So the credit inquries you make now will not effect your score in 12 months. Since you will need a mortgage in 10 months, I would say don't do it.
Jan 4, 2013, 11:09 pm
#1353
Join Date: Nov 2012
Posts: 102
Met12, in your earlier post you mentioned sharing your spreadsheet. I would be interested in seeing it.
Jan 5, 2013, 2:05 am
#1354
Join Date: Aug 2011
Location: DFW
Programs: AA PLT, HH Gold, SPG/Marriott Gold
Posts: 1,091
As a general guideline it is a good idea to keep your scores above 740 AFTER your applications and new accounts report. I know I've written this on FT and others have as well. You never know what might come up (auto, investment, home, etc.) and you might need to leverage your credit score for the best terms. A 1% difference in your interest rate could cost you anywhere from 1k (auto) to tens of thousands (home).
Mar 22, 2013, 4:21 pm
#1355
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
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Last edited by mia; Mar 22, 2013 at 5:15 pm