Credit score points?
1. with a(bank of america) bank i currently have a secured card with
2 with chase bank
Answers:
There is no way to tell, because each person's score is affected differently. I would say though, that its not a good thing to do.
You should not do that... it will stay on your credit thing for almost 2 months after.. so every time you apply for car loans or anything else it shows a CREDIT INQUIRY... and then they begin to wonder why there are too many..
i don't think it's a big deal to apply for two cards. the biggest issue will be making payments on time. if you make your payments on time each month your scores will improve and you will be given lower interest rates by the companies.
don't apply for a card that you can't afford to pay for on time.
http://www.myfico.com/crediteducation/cr...
I actually read this a few minutes ago because I was wondering the same thing. It explains which inquiries will and wont affect your score.
It will drop some but how much really depends on the rest of your credit situation. But I wouldn't be so worried about how many points it would drop. Because if you only are applying for these two cards and don't apply for more credit for a few months it will probably have a very minimal effect.
Now, are you going to apply for these two cards now and in a couple of weeks apply for more credit? If so that could be seen as a negative item and it could effect your score several more points.
A general rule is never apply for credit unless you need it. Is there a reason you want to apply for these two cards? Why not apply for 1 and see if you get approved. If you do use that one responsibly and then in a few months apply for another one.
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