Only you would know for certain if its a good idea to pursue the two cards you want. But based on what you've described about your credit profile you should qualify for them easily.
While your AAoA (account age and new credit are 25% of your FICO score) could be better its not much of a concern if everything else lines up right.
You'd be better off adding a new account every 6 months instead of 3-4 months. This allows your inquiries to age and the new account penalty to dissipate.
@Anonymous wrote:
Hi everyone.
Since I've been reading the forums here I have caught the "Credit Card" bug!
I had lived abroad for 9 yrs and didn't keep my credit active until I started fresh in 2015. I'm abroad again but this time I'm keeping active/building.
I will be 3/24 (1/12) on New Accts this month, and 4, 3, 2 on Inquiries from the CRAs.
So my plan is to add a Chase FU card, and a Discover It CB (which says I'm pre-qualified).
IS THIS A GOOD IDEA?
I'm pre-qualified for other Citi, BofA & US bank cards but my thought was to add 1 of them every 3 to 4 months just to get the SUBs.
My scores are very good, my income is 160k, but AAoA is BAD...currently at 1yr 11mo.
Utilization around 1%. Mostly PIF, sometimes I let a small balance carry over just so it reports. No derogs. No other loans.
Am I making a mistake by going for 2 new cards at once?
Is adding cards every 3 to 4 mths for the SUB a bad idea?
Is my low AAoA going to hold me back?
TU.780 EQ.794 EX.782
CapOne QS1 7250 06/15
Citi DC 6900 02/16
CapOne Ven1 8500 04/16
Chase Amzn 13500 06/16
Walmart 7500 06/16
B of A TR 20000 12/16
WellsFargo CW 10000 06/17
AmEx EC 15000 07/17
(AmEx BlueBus+ 9000 05/18 not on CR)
