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Is six new cards too many?

cmro81
Member

Is six new cards too many?

I just apped for, and was approved, for 5 new personal cards (Apple,Navy,PenFed,BBt, and Discover). Is six new cards too many? I only do hard pulls once a year and was looking for my second EQ pull. Also, could I cancel one of my brand new cards (Discover has a low limit,5K) and go for another large limit before it reports as new? Thank you

Message 1 of 43
42 REPLIES 42
Jnbmom
Community Leader
Senior Contributor

Re: Is six new cards too many?

I would definitely not apply for anymore . You already got the HP from disco and they will report even if you close it tomorrow.

 

Considering the current situation, 5K is nothing to complain about .

EXP 758 TU 783 EQ 729
Message 2 of 43
RSX
Established Contributor

Re: Is six new cards too many?

YES

 

i think the most some people can get away with is 3 - for me it is one every 6 months or more (months, not cards)

Dont bother closing the DIscover - you have all the negatives from applying for it - might as well have the $5k

i hope you got some cards that you really wanted, because i think you should wait at least 2 more years before you even consider another one

Dec 16/2019. EX. 721. EQ. 723. TU 746
Dec 29/2020 EX. 729 EQ. 723 TU 746
Apr 12/2021 EX. 747 EQ. 738 TU 759
Inq. EX 4 EQ 2 TU 5 - - CC 5x24, 3x12
Amex BCP $25k - Apple GS $17k - BMW/Elan $5k - Cap1 QS $16.7k - Chase Amazon $13.6k - Chase Bonvoy Boundless $10k - Chase United Club Infinite $26k - Citi DC $14.5k - CreditUnion1 $9k - DiscoverIT $23k - HSBC Gold - $10.5k - Penfed Gold - $12.5k - USBank Cash+ -$20k
Message 3 of 43
Remedios
Moderator

Re: Is six new cards too many?

Six accounts in two years in excessive for most lenders these days, so that should give you an idea on how they will view six accounts in one month. 

 

Hopefully nothing happens to your cards (new and old), but I wouldn't be shocked or surprised if some form off AA takes place, especially in the current lending climate. 

Message 4 of 43
cmro81
Member

Re: Is six new cards too many?

@Remediosso, right now I am 9/24.

Message 5 of 43
simplynoir
Community Leader
Super Contributor

Re: Is six new cards too many?


@cmro81 wrote:

@Remediosso, right now I am 9/24.


Yeah, you should not get any more new cards and cool it off for at least six months, ideally a year before considering any new apps

Message 6 of 43
Saeren
Mega Contributor

Re: Is six new cards too many?

6 at once is a lot but fortunately the lenders you chose aren't generally overly sensitive to opening too many accounts. You should be fine as long as you don't add more. 





Message 7 of 43
AverageJoesCredit
Mega Contributor

Re: Is six new cards too many?


@cmro81 wrote:

I just apped for, and was approved, for 5 new personal cards (Apple,Navy,PenFed,BBt, and Discover). Is six new cards too many? I only do hard pulls once a year and was looking for my second EQ pull. Also, could I cancel one of my brand new cards (Discover has a low limit,5K) and go for another large limit before it reports as new? Thank you


Why cancel a good card if approved? 

 

Lol at 5k low limit🤯

Message 8 of 43
AverageJoesCredit
Mega Contributor

Re: Is six new cards too many?


@Jnbmom wrote:

I would definitely not apply for anymore . You already got the HP from disco and they will report even if you close it tomorrow.

 

Considering the current situation, 5K is nothing to complain about .


That wasnt complaining, that was just a low limitSmiley Wink

Message 9 of 43
Dogbert
Valued Contributor

Re: Is six new cards too many?


@Remedios wrote:

Six accounts in two years in excessive for most lenders these days, so that should give you an idea on how they will view six accounts in one month. 

 

Hopefully nothing happens to your cards (new and old), but I wouldn't be shocked or surprised if some form off AA takes place, especially in the current lending climate. 


^^^^^^^^^^^^^^^^^^^^^^

 

This.... Not sure what else you have in your wallet... would not be surprised if you saw some AA the next time they AR you.  

 

  
  
---- NAILED IT!

Message 10 of 43
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