Acquired 6 new cards in the last month. Am I in trouble?

[Anonymous]

I've only had one credit card for the last five years (wells Fargo 1% cash back) and decided I could do better. I went a little crazy and let my application success go to my head and ended up with 6 new cards in about 4 weeks.
- Discover It
- Chase Freedom
- Citi DC
- BoA BBR
- Amex BCE
- US Bank Cash Rewards (tried for the cash+)

Am I in trouble here? I don't care about my credit score taking a temporary hit but im worried these banks might CLD me or even close my account.

[Anonymous]

no you are fine, just don't max all cards out

[OmarGB9]

You should be fine. Just hold off on the apps and garden and you should develop a nice file over time. Might even consider freezing your CRs.

[elim]

should be ok,   i did this with no AA/CLD (but i did panic a little on occasion / appers remorse)...

4 cards

CU SEC loan

6 mo garden

5 cards

CU LOC

4 mo garden

2 cards

auto loan

7 mo garden

2 cards

[Anonymous]

I would just stick with those since that's a pretty nice roster.  A scenario where you use one regularly, and PIF, while rotating another one.  If you are offered Discover Double Cash Back I would consider that as your daily spend card, while rotating the others for various purposes.  Discover is a nice 2% card for regular spending, and double the percentage on categories and discover deals.  

[elim]

If any lender says anything just reply with things like   "diversification"    "trial to pick my life long lender"    and my favorite...   "credit karma says 21 accounts is A+" lmao

very nice choices in accounts by the way.   

[Anonymous]

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@elim wrote:

If any lender says anything just reply with things like   "diversification"    "trial to pick my life long lender"    and my favorite...   "credit karma says 21 accounts is A+" lmao

very nice choices in accounts by the way.   

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LOL....THIS MADE ME LAUGH SO HARD

[Anonymous]

I did pretty much the same thing a few weeks ago.  I don't see an issue with it unless your in the process of trying to get a mortgage.  

[Anonymous]

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@elim wrote:

If any lender says anything just reply with things like   "diversification"    "trial to pick my life long lender"    and my favorite...   "credit karma says 21 accounts is A+" lmao

very nice choices in accounts by the way.   

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lol

[lg8302ch]

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@Anonymous wrote:
I've only had one credit card for the last five years (wells Fargo 1% cash back) and decided I could do better. I went a little crazy and let my application success go to my head and ended up with 6 new cards in about 4 weeks.
- Discover It
- Chase Freedom
- Citi DC
- BoA BBR
- Amex BCE
- US Bank Cash Rewards (tried for the cash+)

Am I in trouble here? I don't care about my credit score taking a temporary hit but im worried these banks might CLD me or even close my account.

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Welcome to MyFico forum

well...first congrats on the approvals and 2nd it is too late now to worry about this ..what is done is done!  Maybe this is a question that should have been asked before going on a spree with a thin file ?  If you head to the garden now and use the cards responsibly you should be fine.

Merry Xmas