@Anonymous wrote:I'm afraid I got overzealous with my first round of high limit cards. Within the last month I've gotten the following:
CLI from $500 -> $12000 Navy Federal nRewards
New Cap One Venture -> $15000
New Cap One Plat Prestige ->$1000
Before the above I had a Cap One Platinum Secured at $750 and Navy Federal nRewards at $500. I always PIF.
I haven't gotten the inq yet from the Prestige. I hear Cap One pulls all three. I applied and was approved for the Venture and the Prestige within one day of each other. My inquiries are:
Navy Federal July 2014
Cap One April 2015 (2x)
I would say that's pretty low on inquiries right? The Navy Federal inquiry should stop affecting me in in a few months. I only got the Prestige because of the 0% until July 2016. I need furntiture. Sucked they only gave me $1000. Oh well that will keep for from being tempted to do too much.
My current scores are 677-668-682
AAoA before the two new cards hit is at 3 years.
I think I should garden for about a year. Thoughts?
That sounds like a good plan to me! Congrats on your approvals - nice limits 
In my opinion you sound very conservative. I doubt you would need to garden more than 6 months in order to apply for any other cards you want.
Congratulations on getting to almost $30,000 in available credit cards!
You have enough credit to handle many years of PIF use, and the Venture provides an avenue to earn 2% travel points. With scores in the mid+ 600s, you will probably want to garden a year to get them much higher.
You may be tempted by "Rotating Categories!" "5% earnings!" and other bonus offers, however look closely at how those will actually calculate out, from your actual spend level, and they probably won't add up to a lot of coin in your pocket, over and above what you already will get with the Venture (and perhaps the nRewards). The marginal points/cash earnings likely aren't a lot. Those cards will be there a year from now, and you will likely get a better limit when you app for them.
Good luck!
I have a similar thought process. My AAoA was over 7 years, but I just received 7 new CCs:
Kohls $300
VS $1000
Discover IT $3.5K
Home Depot $10K
USAA $7K
NFCU cashRewards $10K
Venture $15K
I am sure that is gonna do a bit of damage to my AAoA and score. Currently, only the Kohls, VS and Discover have reported. I have 5 INQss on EQ with the oldest about to drop (5/2/13 is the date of INQ), 3 INSs on EX and 2 on TU with the same old INQ on both of those....
Headed into the garden 3 days ago and unless my car gives up the ghost (2007 Scion tC w/225,000 mi), I have no need for any new credit. It will be 4.5 years before my baddies age off if I can't get them deleted before them (all lates on current accounts....)
sigh
Starting Score: 472
@Momof5 wrote:I have a similar thought process. My AAoA was over 7 years, but I just received 7 new CCs:
Kohls $300
VS $1000
Discover IT $3.5K
Home Depot $10K
USAA $7K
NFCU cashRewards $10K
Venture $15K
I am sure that is gonna do a bit of damage to my AAoA and score. Currently, only the Kohls, VS and Discover have reported. I have 5 INQss on EQ with the oldest about to drop (5/2/13 is the date of INQ), 3 INSs on EX and 2 on TU with the same old INQ on both of those....
Headed into the garden 3 days ago and unless my car gives up the ghost (2007 Scion tC w/225,000 mi), I have no need for any new credit. It will be 4.5 years before my baddies age off if I can't get them deleted before them (all lates on current accounts....)
sigh
Happy gardening lady! I'm headed there myself. I haven't gotten any new inquiry alerts since I applied for the Platinum Prestige card one day after the Venture. That was yesterday. Could it be that they used the same pull? Wouldn't that be awesome?! Anyway, like you I don't need any more credit. I do wish I had a cl of about $5k on a 0% apr for 15 months type of card. I would definitely use it to buy furniture. I prefer not to ever incur interest. Especially since my interest rates pretty much suck. I'll leave it alone though and let what I have age.