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Applied and Approved for Three Cards in Two Days

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Anonymous
Not applicable

Applied and Approved for Three Cards in Two Days

Is this a bad thing? I accepted all three to improve my utilization and available credit, but worried creditors will see this and not be happy. 

Message 1 of 7
6 REPLIES 6
Ilinferno
Established Contributor

Re: Applied and Approved for Three Cards in Two Days

Honestly it really depends on the rest of your credit profile but either way probably good to head to the garden and let the new accounts age.

Message 2 of 7
Anonymous
Not applicable

Re: Applied and Approved for Three Cards in Two Days

Thank you. I'm around 680-690 across the board with a 25% utilization, and that's because my limits are all low (most $1-2k). Been rebuilding for three years. And I'm not applying for anything else for a very long time!

Message 3 of 7
Ghost_host999
Contributor

Re: Applied and Approved for Three Cards in Two Days

I did the same thing last spring when a chargeoff finally cleared my report. My score dropped about 20 points in the following weeks but recovered fairly quickly. Congrats on your recent approvals!! 


Starting FICO 8 Score (May 2020) : EQ-535, TU-550, EX-542
Current FICO 8 Score (May 2022) : EQ-718, TU-730, EX-724
Goal Scores: EQ-750, TU-750, EX-750



~USAA Secured American Express $3300~ ~NFCU Cash Rewards $6300~ ~Delta Skymiles Reserve Amex $8000~
~Venmo Visa Signature $8300~ ~Amazon Store Card $2800~ ~Care Credit $5500~
~Capital One Venture One $5000~ ~All Rewards $1000~
~GS Apple Card $3500~ ~Discover It Miles $5000~
~FNBO Evergreen $7800~ ~X1 Card $11,200~ ~Upgrade Triple Cash Rewards $25,000~
Message 4 of 7
Anonymous
Not applicable

Re: Applied and Approved for Three Cards in Two Days


@Anonymous wrote:

Is this a bad thing? I accepted all three to improve my utilization and available credit, but worried creditors will see this and not be happy. 


For the long term it is a good move. Keep up the good work

Thanks

Mark

Message 5 of 7
Anonymous
Not applicable

Re: Applied and Approved for Three Cards in Two Days

Thanks guys - I appreciate it!

Message 6 of 7
coldfusion
Credit Mentor

Re: Applied and Approved for Three Cards in Two Days

There is a meme about choosing one's friends wisely, so that one might have choice friends.

 

It can be a tough rule to follow when first starting out or rebuilding when one is trying to get established/reestablished, but when it comes to playing the long game the same thing applies when it comes to credit cards.

 

(7/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 7 of 7
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