Credit Cards

[dehabel]

Went on my first app spree ever and I think I did okay:

KSCFCU - Visa 1000

Pottery Bartn - 4000

Ethan Allen - 3500

Citibank - 5000

Home Depot - 8000

Amex BCE - 7000

B of A - 5000

Ultimately, I came with no credit cards and now I have all of these.  Will this help my credit or hurt me?

Thanks!

[Crashem]

What did your credit file look like before this?

[dehabel]

I had no open trade lines.  Only closed from years ago and student loans. 

[jamesdwi]

when the first couple hit your score will go up, then as the rest hit the score will go down a little each time. How far they go down is unknown, Since your UTL is zero now it won't approve your UTL.

Now its time to garden and let your new seedlings age, and grow with you. 

Congrats nice cards to start with

[dehabel]

Thanks!

[Dishpro]

If you had no revolving credit at all and now you have all of these new accounts this will boost your scores tremendously. Rev UT is 30% of your total credit score this will have a tremendous positive impact. Congrats! What were your scores before the spree?