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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.
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.
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!
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!!
@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
Thanks guys - I appreciate it!
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.