How many hard pulls are you comfortable with?
Apr 30, 2013, 12:35 pm
#1
Original Poster
Join Date: May 2012
Location: LAX
Programs: AA EXP, AS MVP Gold 75K, SPG Gold, Hilton Diamond, Hyatt Platinum
Posts: 158
How many hard pulls are you comfortable with?
I know this may be subjective and there is no magic answer, but I'm curious how many hard pulls you are comfortable with before you pause the AoR hobby.
I've got the trifecta of having refi'd my house, 2 new car leases, and cc companies that only pull from Experian in my area. Because of this, I have 20 hard inquiries on my file. My credit history is spotless and my FICOs are about 750, but I'm wondering if I should sit tight for a bit (it's been 4 months since my last cycle).
I read about so many people having 50, 100, 200 credit cards over the last few years, it seems like they'd have to have more than 20 hard pulls and are still successful.
What do you all think?
Thanks in advance for your wisdom/advice.
I've got the trifecta of having refi'd my house, 2 new car leases, and cc companies that only pull from Experian in my area. Because of this, I have 20 hard inquiries on my file. My credit history is spotless and my FICOs are about 750, but I'm wondering if I should sit tight for a bit (it's been 4 months since my last cycle).
I read about so many people having 50, 100, 200 credit cards over the last few years, it seems like they'd have to have more than 20 hard pulls and are still successful.
What do you all think?
Thanks in advance for your wisdom/advice.
Apr 30, 2013, 1:25 pm
#3
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
When I looked at my FICO, I had 5 hard pulls, all from Chase. Maybe Citi, Barclays, and Amex were going to other sources.
My FICO is down about 30 points in the past 18 months (805 to 775) with no other discernable changes than CC apps, although it's probably both AAOA and hard pulls.
I am thinking of giving it a break for a while though. IIRC hard pulls stay with you for two years, and I got into this big-time in late 2011 for myself and early 2012 for my wife. I've been through all the serious cards, a few more than once - Amex Biz, Plat, PRG; United/AA/US/DL, Chase CSP and Ink, FL and WN. Well, "serious" by my standards, cards where I have a serious use for the points.
My FICO is down about 30 points in the past 18 months (805 to 775) with no other discernable changes than CC apps, although it's probably both AAOA and hard pulls.
I am thinking of giving it a break for a while though. IIRC hard pulls stay with you for two years, and I got into this big-time in late 2011 for myself and early 2012 for my wife. I've been through all the serious cards, a few more than once - Amex Biz, Plat, PRG; United/AA/US/DL, Chase CSP and Ink, FL and WN. Well, "serious" by my standards, cards where I have a serious use for the points.
Apr 30, 2013, 5:20 pm
#4
Original Poster
Join Date: May 2012
Location: LAX
Programs: AA EXP, AS MVP Gold 75K, SPG Gold, Hilton Diamond, Hyatt Platinum
Posts: 158
My last AoR was in January with 5 cards (2 chase SWA, 2 Citi AA, and a Barclay USAir). All initially "pending" with an approval after a call to recon. So I've never had a problem other than the, "So I see you've opened several accounts recently", just wondering when people start getting rejections.
Apr 30, 2013, 10:58 pm
#7
Join Date: Apr 2012
Location: MKE
Programs: Hyatt Diamond, SPG Plat, Hilton Gold, Club Carlson Gold,
Posts: 639
May 1, 2013, 10:56 am
#8
Join Date: Jul 2012
Location: PA
Posts: 82
There must be people with WAY more than 11. I'm also curious where the line should be drawn...or if there is any real line?
May 1, 2013, 11:20 am
#9
Suspended
Join Date: Jul 2011
Posts: 129
People should consider freezing a widely used credit bureau such as experian for OP and asking the other banks to pull from a different bureau after applying. You will be forced to call and speak with recon after every app but it will save you the pull
May 1, 2013, 11:27 am
#10
Join Date: Apr 2012
Posts: 1,184
This works much better in theory than in practice.
May 1, 2013, 12:00 pm
#11
Join Date: Oct 2012
Location: 5280/8150
Programs: Flying and sleeping
Posts: 341
May 1, 2013, 1:00 pm
#12
Join Date: Oct 2012
Location: 5280/8150
Programs: Flying and sleeping
Posts: 341
May 1, 2013, 3:12 pm
#13
Join Date: Jan 2012
Posts: 757
Infinite.
I am sure at some point it will matter but after 18 pulls per Credit Karma I still get everything approved including a sub-inflation rate mortgage and an incentive rate car loan.
CK is just TU, I don't know and don't care what the pulls are on the others.
Worst case you take a break for 6-12 months. I don't burn faster than earn, so I could forego for a while.
I am sure at some point it will matter but after 18 pulls per Credit Karma I still get everything approved including a sub-inflation rate mortgage and an incentive rate car loan.
CK is just TU, I don't know and don't care what the pulls are on the others.
Worst case you take a break for 6-12 months. I don't burn faster than earn, so I could forego for a while.