Concerned about new accounts

jeffj25 · ‎08-20-2012

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.

creditnocash · ‎07-23-2012

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

Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012

2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000

Dustink · ‎10-02-2012

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

Too many INQs & low AAoA so I'm off to tend the Garden. Age:21 EQ: 642 TU: 677 EX: 665

$14k $8.5K $7.5k $7.5k $6.5k $6k $5k $5k $5k $5k NPSL @ 0%

jeffj25 · ‎08-20-2012

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.

jsickz32 · ‎06-25-2012

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 / BofA Total rewards (2500) / BofA Amex (3900) / Bofa cash rewards (5700) / BofA Privileges Cash Rewards (5000) / Citi Forward (3000) / Chase Freedom (3500) / Discover IT (1700) / FNBO AMEX (3600) / Barclays Apple Visa (3960) / NFCU cashRewards Visa signature (12500) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / 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 (601) / PayPal Smart connect (2200)

LS2982 · ‎04-09-2011

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

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

Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 709 5/23/2013

navigatethis12 · ‎01-24-2012

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.

youngandcreditwrthy · ‎08-16-2012

Yall are making me want to open another Amex!!!! Lol

jeffj25 · ‎08-20-2012

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.