Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
JCA1991

0 Contributions
0 People Helped
Start using previously unused store card vs applying for credit card & getting another hard inquiry
I recently applied for a credit card and was denied. Now, I have a hard inquiry on credit. Plus I just moved have 5 other hard inquiries based solely on accounts opened for this move (rent, cable, internet, etc.).

I do NOT want another hard inquiry on my account (especially if I'm just going to get denied). Credit is in the high 600s. I have an 100% payment history and only wanted the card to increase my credit.

Should I use some of the store cards that I have (only used each of them once) or try to apply for another credit card? Which is better and safer for credit purposes?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
29 Contributions
24 People Helped

Use the store cards for small purchases and pay them in full. If your store card is the only card you have it's factoring in to your Average Age of Accounts. Not using it could cause the retailer to close it and it would negatively hit your credit.

If you do want another card in the future and don't want to get denied, use the pre-qualification information on sites like Capital One. If it says "we don't have a card/offer to match you with" then don't apply. If it says you're specifically pre-approved you'll likely get an approval on the full application. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.