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Valued Member
Posts: 28
Registered: ‎08-20-2012
0

Concerned about new accounts

Looking through the forums it seems hit or miss on this topic. I recently opend about 6 new accounts in the past two months. Will the CCCs look at this very negatively? I am really afraid that my accounts will be either CLD or closed as a result. Anything I can do to make sure this doesn't happen. I am PIF on almost all the cards thus far. I am mostly afraid of AMEX. How are they on this topic. 4 of the 6 accounts were from them. LOL

Starting Score: TU - 684 EQ- 639
Current Score: TU- 701 EQ- 715 EX- 701 from AMEX
Goal Score: 750 across the board
In my Wallet: Chase Sapphire Preferred - 5K, Chase Freedom - 4.5K, 1FBUSA - 2.4K, Walmart Discover -3K, Blue Sky Amex - 2K, Citi CashReturns - 1.5K, American Express PRG and Zync - NPSL, Delta Skymiles Amex - 1K, Discover More - 1.5K,ValuCity Furniture - 3.5K, CareCredit - 2.3K, A and F - 1.2K, Capital one - 1.25K and $750.
Valued Contributor
Posts: 2,262
Registered: ‎07-23-2012
0

Re: Concerned about new accounts

i wouldnt worry about it. 

i have 6 new accounts and an installment loan. since june. no word yet. 

amex was my last card though. 

 

from what ive read as long as barclays wasnt your first you should be good. 

 

and that bump in aaoa im sure helped :smileywink:

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:6


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Concerned about new accounts

I think since most of the cards were from them, you should be okay. Now if you start racking up balances on all of them it might be another story. Continue to PIF and keep Utilization down. In a year or so you will be ready to app for another 6 more :smileywink:

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Member
Posts: 28
Registered: ‎08-20-2012
0

Re: Concerned about new accounts

Thanks guys! I think I am okay. What do you think my chances are for CLIs. You think I will have trouble with all the new accounts. If not, when should I try for the CLIs? 61 days with Amex?

Starting Score: TU - 684 EQ- 639
Current Score: TU- 701 EQ- 715 EX- 701 from AMEX
Goal Score: 750 across the board
In my Wallet: Chase Sapphire Preferred - 5K, Chase Freedom - 4.5K, 1FBUSA - 2.4K, Walmart Discover -3K, Blue Sky Amex - 2K, Citi CashReturns - 1.5K, American Express PRG and Zync - NPSL, Delta Skymiles Amex - 1K, Discover More - 1.5K,ValuCity Furniture - 3.5K, CareCredit - 2.3K, A and F - 1.2K, Capital one - 1.25K and $750.
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Concerned about new accounts

you'll be alright as long as you dont let your utl raised alot. i opened 15 account whitin 3 months and just got a warning from barclays but thats it and 3 card were from amex. my utl is at 1% and has been all this past months.

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Concerned about new accounts


Dustink wrote:

I think since most of the cards were from them, you should be okay. Now if you start racking up balances on all of them it might be another story. Continue to PIF and keep Utilization down. In a year or so you will be ready to app for another 6 more :smileywink:


Totally agree, keep the util. down and you'll be just fine!!!

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 1,954
Registered: ‎01-24-2012
0

Re: Concerned about new accounts

I opened ten new accounts with less than two years of history and no one said anything. When getting an increase I have been asked by two or three people why the new credit and I just told them I am trying to establish good credit while young. With zero balances always reporting, I don't see a problem coming.

Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Concerned about new accounts

Yall are making me want to open another Amex!!!! Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Member
Posts: 28
Registered: ‎08-20-2012
0

Re: Concerned about new accounts

That's the thing. How could it be a problem if I keep zero balances. Right? I mean wouldn't that show that I am responsible?

Starting Score: TU - 684 EQ- 639
Current Score: TU- 701 EQ- 715 EX- 701 from AMEX
Goal Score: 750 across the board
In my Wallet: Chase Sapphire Preferred - 5K, Chase Freedom - 4.5K, 1FBUSA - 2.4K, Walmart Discover -3K, Blue Sky Amex - 2K, Citi CashReturns - 1.5K, American Express PRG and Zync - NPSL, Delta Skymiles Amex - 1K, Discover More - 1.5K,ValuCity Furniture - 3.5K, CareCredit - 2.3K, A and F - 1.2K, Capital one - 1.25K and $750.
Regular Contributor
Posts: 108
Registered: ‎01-04-2008
0

Re: Concerned about new accounts


jsickz32 wrote:

i opened 15 account whitin 3 months and just got a warning from barclays but thats it...


:smileyindifferent:

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