Too Much Too Soon?

[Nyrell]

Does anyone have any insight to when opening new accounts can end up causing some creditors to reduce limits or close accounts, which I've heard happens with a fair amount of frequency?    Thing is, I just received a pre-approved Marvel Mastercard and I'd love to accept that card which has great rewards.  

I am at 9% usage.   EXP - 746     TU - 755     EXP - 747

No derogatories ever.  Oldest TL with Discover since 1999. No mortgages.

In 2016 I have opened the following:

Mar:    Avant personal loan

May:   MBZ Auto Lease

May:   Citibank Simplicity Mastercard

June:  Citibank Costco Visa

July:   Lending Club personal loan

Sept:  Chase Sapphire Visa

Nov:   Bank of America Auto Loan

Thanks for your insights and opinions and Happy Holidays!!

[Anonymous]

It depends on your profile. I have opened and closed over 20 revolving credit cards over the past year. I even closed Barclay cashforward with a 6k cl and then turned around and applied and was approved for the ring card 3 months later.

I am surprised Chase, my second card opening hasn't AA'd me. They even approved me for the SLATE last month and I think I am near 20/12.

AA could hit me at anytime from Barclay or Chase I suppose. 

My attitude would be their loss if they AA me.

So it is really is tough to say.

My profile is $146,550 total credit. I have 2% reporting across the board. 2 personal loans (sofi and dcu) and an auto loan (dcu)...No baddies, no lates. just a lot of new accounts and inquiries.

[Anonymous]

You would most likely get a very nice SL on a Marvel card with that TU score.

[Nyrell]

Donny10, thanks. 

What's an "SL"?

[Anonymous]

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@Nyrell wrote:

Donny10, thanks. 

What's an "SL"?

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Starting Line. Initial Credit Line.

[Anonymous]

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@Anonymous wrote:

It depends on your profile. I have opened and closed over 20 revolving credit cards over the past year. I even closed Barclay cashforward with a 6k cl and then turned around and applied and was approved for the ring card 3 months later.

I am surprised Chase, my second card opening hasn't AA'd me. They even approved me for the SLATE last month and I think I am near 20/12.

AA could hit me at anytime from Barclay or Chase I suppose. 

My attitude would be their loss if they AA me.

So it is really is tough to say.

My profile is $146,550 total credit. I have 2% reporting across the board. 2 personal loans and an auto loan...No baddies, no lates. just a lot of new accounts and inquiries.

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OP you should be good as I am like Donny10 with about 20/12. Good Luck if you apply.

[BirchBarlow]

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@Anonymous wrote:

It depends on your profile. I have opened and closed over 20 revolving credit cards over the past year. I even closed Barclay cashforward with a 6k cl and then turned around and applied and was approved for the ring card 3 months later.

I am surprised Chase, my second card opening hasn't AA'd me. They even approved me for the SLATE last month and I think I am near 20/12.

AA could hit me at anytime from Barclay or Chase I suppose. 

My attitude would be their loss if they AA me.

So it is really is tough to say.

My profile is $146,550 total credit. I have 2% reporting across the board. 2 personal loans (sofi and dcu) and an auto loan (dcu)...No baddies, no lates. just a lot of new accounts and inquiries.

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What do you mean by AA?

[Anonymous]

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@BirchBarlow wrote:

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@Anonymous wrote:

It depends on your profile. I have opened and closed over 20 revolving credit cards over the past year. I even closed Barclay cashforward with a 6k cl and then turned around and applied and was approved for the ring card 3 months later.

I am surprised Chase, my second card opening hasn't AA'd me. They even approved me for the SLATE last month and I think I am near 20/12.

AA could hit me at anytime from Barclay or Chase I suppose. 

My attitude would be their loss if they AA me.

So it is really is tough to say.

My profile is $146,550 total credit. I have 2% reporting across the board. 2 personal loans (sofi and dcu) and an auto loan (dcu)...No baddies, no lates. just a lot of new accounts and inquiries.

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What do you mean by AA?

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Adverse Action.

When a creditor reduces your credit line or closes your account with or without warning or notice.

A lender does this when they feel you are a risk. Or for whatever reason they feel like it.

[UncleB]

Here's a helpful link to help out with acronyms and abbreviations:

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458#U88458