Saturday, October 31, 2009

Will it hurt my credit to apply for two credit cards in the same day? If so, how long should I wait?

It won%26#039;t necessarily %26quot;hurt%26quot; your credit. It depends on if you%26#039;re planning to apply for a mortgage soon or anything. It will touch your credit but you can easily make up for it in the next couple of months by not overspending on those cards. The credit companies like it when you have large amounts of credit you%26#039;re not using so I guess my best answer is, if you need to apply for a big loan in the next month or 3 then it%26#039;s probably not a great idea, otherwise, it%26#039;s not that big a deal.



Will it hurt my credit to apply for two credit cards in the same day? If so, how long should I wait?

yes. it would hurt. everytime you run your credit, you get about 9 points knocked off or something like that. i have great credit becuz i pay my bills on time and i do not hardly ever apply for cards. they will ruin your credit quicker than you imagine. you should wait at least 6 months before applying for the 2nd one.



Will it hurt my credit to apply for two credit cards in the same day? If so, how long should I wait?

Only do one now and wait 3 to 6 months, then apply for the second..



Will it hurt my credit to apply for two credit cards in the same day? If so, how long should I wait?

Many factors go into your credit score. It will drop your score initially to apply for any credit card but if you do not max out the credit limits on both cards it may not keep your score low. You should have at least 35% of your total credit available at any time.



For example...



If you have two credit cards with $1000 limit and you have $500 available on each card your credit score would be higher than if you just had one credit card with a $1000 limit that was maxed.



Will it hurt my credit to apply for two credit cards in the same day? If so, how long should I wait?

For every 4 CC you open, you lose one point.



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http://www.bestcreditrates.net

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