How Often To Apply For A New Credit Card (& NEVER Get Denied)

👉🏼 Use code "SPENCER" and earn $20.00 after your first eligible purchase!
Click ‘show more’ to see ad disclosure

–

Hey guys, in this video, I give a full in-depth breakdown of how often you should be applying for credit cards no matter what stage of the credit card game you're in. There is no "one size fits all" answer to this question, but throughout this video, I break down approximately when to get a new credit card depending on how long you've been establishing credit, what your current goals are with credit cards, and how you can get approved if you want to apply for cards on a more frequent basis. I start by discussing how you can maximize your credit score and therefore maximize your card approval odds, then explain the application rules of the four main lenders (Chase, Amex, Capital One, and Citi), and lastly, I give my personal recommendation as to how frequently you should be applying for new credit cards depending on what stage of the credit card game you're in. I hope this video helps guide you in making an overall credit card strategy for your personal situation all while giving you the best odds of getting approved for credit cards in the future.

—

Card Links:

1-on-1 Calls:

Products I Use:

Connect Deeper:

Watch Next:

📚 Chapters:
00:00 The Gameplan
00:35 How To Maximize Your Credit Score: Payment History
01:38 How To Maximize Your Credit Score: Credit Utilization
03:57 Get $20 Back For FREE
05:28 How To Maximize Your Credit Score: Length Of Credit History
06:25 How To Maximize Your Credit Score: New Credit
07:07 How To Maximize Your Credit Score: Credit Mix
07:42 How Applying For A Credit Card Impacts Your Credit Score
09:26 Chase Credit Card Application Rules
10:51 Amex Credit Card Application Rules
11:34 Capital One Credit Card Application Rules
12:10 Citi Credit Card Application Rules
12:34 How Often To Apply For Credit Cards: Beginner Stage
13:41 How Often To Apply For Credit Cards: Intermediate Stage
15:06 How Often To Apply For Credit Cards: Advanced Stage

—

Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which Daily Drop/YourBestCreditCards will earn an affiliate commission or referral bonus. Daily Drop/YourBestCreditCards is part of an affiliate sales network and receives compensation for sending traffic to partner sites. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

#creditcardstrategy #creditscore #creditcards

[SpencerJohnsonOfficial]

👉🏼 Use code "SPENCER" and earn $20.00 after your first eligible purchase!

[druiz]

In my 2 player mode once every 6 months each works! Like you said, everyone is different. The most important part is making sure you pay cards in full EVERY time.

[Texascbass]

Perfect timing for this video. My daughter was asking about this subject last night. She is trying to build her credit. Thank you

[JakeVanderPloeg]

Videos like this are so important. Good stuff Spencer!

[frank-the-tank]

3:30 is an absolute invaluable tool only those who are "in the know" understand. Sick of these people saying you should shoot for 20-30% utilization. Thats much too high. Once I went from 10-20% utilization to 1-2%, my credit score began to skyrocket

[callmeNeno]

Two cards per year spread over every 6 months, so you don’t appear thirsty & stay under Chase’s 5/24 is my model

[Stayc]

1-5 setup here but I still watch for the good info (like Kudos which I just signed up using your code) and of course Odin. Great vid, Spencer

[josuegomez]

That lender rules section was exactly what I was looking for. Thank you

[justgaming]

Closing cards doesnt hurt your average age of accounts until it falls of in 10 years. Theres no point in keeping old cards open even if its your first. Closed cards continue to age.

[flipevent]

6:25 -- Agreed here with my own data points. I had THREE hard inquiries in the span of a month due to applying for multiple CC's (and unfortunately only getting 1 out of 3). This was definitely a mistake, but I was not denied due to my credit score/CS--rather because of Citi's really unforgiving recent inquiry rule.

But more to the main point, while my CS took a 15 point swing down at the time, within just about 2-3 months, I've completely recovered that 15-swing tick back--despite making the mistake/not getting the all the intended CCs.

[DyleoDeals]

Got approved for 4 credit cards yesterday lol. Puts me at 10 credit cards

[nathanielwatson]

Spencer... Spencer... Spencer..., what a journey it’s been! I remember when I first stumbled upon your channel and it's amazing to see how far you've come. I just wanted to take a moment to congratulate you on all your success and the impressive growth you’ve achieved. Keep up the fantastic work!

[beaunoonan]

Great video and insights. Glad to see how awesome you are doing! Keep it up, Spencer!

[sjg]

Timing based upon when you know you have big one-off payments coming (i.e. dues, insurance, etc.) is important to maximize those bonuses. Interesting take on how often to apply. The key is not to lose control with all those cards and do just enough to keep the accounts open in good standing. Thanks again Spencer, as usual.

[everydaygamer]

I would also be careful with applying for too many credit cards, especially in a short amount of time because you could be considered as Credit seeking

[navyvet]

Unless you carry a huge balance, then paying the minimum during the intro offer with 0% interest for 12-15 months is fine. Just as long as you pay it off before the promo period is over. They give you 0% interest, might as well take advantage of it.

[jordanww]

Great video and great tips! Thanks for the info!

[chrisparker]

Great video as always!! Thanks Spencer

[kevinfinancetips]

Great video Spencer! I wonder what's your opinion on when you enter into the beginner, intermediate, and advanced stages of the credit card game. Is it based on how many cards you have, how long you have had your cards, your credit score, or something else?

[Landofalcon]

That's a cool shirt dude, where'd you get it?