@MonsterMad28 wrote:Finally after a long and stressful month we have closed on our home and it is ours. My question is I wanted to apply for a couple store cards for things around the house. We just closed today. Is everything safe and okay?
If you closed and funded and have keys in hand, then CONGRATS! and yes, it is okay to apply for credit cards...use your inq's wisely
I closed on Tuesday. Loan was fully funded at closing and I got my keys right then and there. I asked both the loan processor and officer if I was ok to start using my savings money and apply for a couple of credit cards. They told me since the loan is funded and keys in hand I was good to go and could do what ever I want.
I went ahead and applied for 2 cards I had been wanting prior to my mortgage process but had to wait because of the no new credit or debt rule during the mortgage process. I went ahead and applied right after I closed in case my scores drop a little when the mortgage hits. I have a few things to do around the house and figured I'd get the cards and use the spend to get a couple sign up bonuses and pay them off before the statement cuts. I look at as if I am not paying interest and they are paying me to use the card, free money is free money. But don't get a new card and a sign up bonus then pay interest because you're basically losing your sign up bonus paying the interest charge.
Good Luck with the new house!
