11-15-2010 01:15 PM
How many is "too many", and in what time frame?
How long have you had the Blue Cash?
How long have you had CC's in general? (college age vs 30 years of credit history)
Are you going to let balances report on any of the new cards?
The rule of thumb with American Express is don't startle them with any sudden moves until they've gotten used to you.
11-15-2010 03:24 PM - edited 11-15-2010 06:58 PM
Many issuers, including Amex may object in the form of AA, if they decide a card holder has been opening up 'too many new accounts.'
11-15-2010 04:22 PM
what is AA?
AA=Adverse Action such as account closure, CLD, etc.
Here is a list of commonly used Abbreviations.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
11-15-2010 04:38 PM
ouch... i bet im cooked. i only had one bank card reporting when i was approved for amex blue cash on october 12. i have been approved for 7 other bank cards since then. yikes. i knew that this was not a good idea, but it didn't hit home until now.
my total debt across all of my 12 accounts is only 600 dollars. it was close to 2000 when i was approved for amex blue cash. i have been PIF on most of my cards, including amex blue cash. so i don't know what will happen now.
11-15-2010 04:54 PM
Just be ready for the FR. Amex loves them. They check your previous 2 years of tax returns. As long as you where truthful on your application and your truthful to the rep who asks you questions you should be fine. Not saying your going to get a FR just be prepared if you do. I dont think ive read about anyone getting there account closed with matching info to back up income. At worst a spending limit cap. I know how much fun it is to go app crazy its hard to stop when your on a roll.
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