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Is six new cards too many?

M_Smart007
Epic 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


@cmro81, Congrats on your approvals.

As many have suggested, I would definitely cool off for a good while in this credit environment.

Message 11 of 43
luckthepup
Contributor

Re: Is six new cards too many?

out of pure curiosity why did you apply for all of those cards? 

Message 12 of 43
cmro81
Member

Re: Is six new cards too many?

Thank you all for your thoughts. I assumed people with few cards would not have an aggressive approach.I would love to hear from more people with more than 30-40 cards and high income.

Message 13 of 43
Jnbmom
Community Leader
Senior Contributor

Re: Is six new cards too many?

@cmro81 

 

There are several members  here with 30+ cards , I was one of them but have trimmed the fat some . Also higher income doesn't necessarily mean more cards, I am certainly not a high earner by any means .

 

Most of us with multiple cards have acquired them over several years and most were not very aggressive in building our profile , took time got cards that meet their needs and they could use .

EXP 758 TU 783 EQ 729
Message 14 of 43
M_Smart007
Epic Contributor

Re: Is six new cards too many?


@cmro81 wrote:

Thank you all for your thoughts. I assumed people with few cards would not have an aggressive approach.I would love to hear from people with more than 30-40 cards and high income.


"I would love to hear from people with more than 30-40 cards and high income."

 

I replied.

 

Thicker aged profile's can handle App spree's a little better than young thin profiles.

(I am not judging you, and have no idea of your profile)

 

Even having a thick aged profile with higher income, with this credit landscape due to Corona V.

I have pulled way back and I am actually gardening. Lenders are very skittish right now,

and it probably would not take much to bring on Adverse Action.  ...ALL JMHO

 

Message 15 of 43
cmro81
Member

Re: Is six new cards too many?

@Jnbmom Thank you for your thoughts. But I have around 30 cards and I did it in 7 years. I have never apped for less than three at one time. 5 is typical.I only hard pull once a year. I am interested in hearing now from people who are aggressive and with as many cards as I have.

Message 16 of 43
RSX
Established Contributor

Re: Is six new cards too many?

If 5 apps at a time is typical for you, then I think the answer remains that you shouldn't app for the 6th

 

but of course, if you want to, then go ahead

 

and if the Discover won't work for you at $5k, then close it

 

we did all reply with the best intentions without asking what your current list is

 

so bad on me for not asking that first

 

with 30+ cards, I think you already have this figured out, so you should do what you feel is best for the current climate without worries

Dec 16/2019. EX. 721. EQ. 723. TU 746
Dec 29/2020 EX. 729 EQ. 723 TU 746
June 16/2021 EX. 747 EQ. 743 TU 746
Inq. EX 4 EQ 2 TU 5 - - CC 5x24, 3x12
Amex BCP $32k - 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 17 of 43
Remedios
Moderator

Re: Is six new cards too many?

Did I just got called broke and card-less? 

 

You cannot make this up 😂

Message 18 of 43
cmro81
Member

Re: Is six new cards too many?

@RSXThank you. I am still learning and this board teaches me everytime I get on here. I am concerned about AA. It only happened to me once. Two years ago from BOA. (they said I reallocated too much...)

Message 19 of 43
Meanmchine
Super Contributor

Re: Is six new cards too many?

Years ago, I got 6 Synchrony store cards in 2 days. 

Times have changed. 


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>12/2020 CCT EX 821 TU 826 EQ 840


"Survival kit contents check. In them you'll find:

- One forty-five caliber automatic
- Two boxes of ammunition
- Four days' concentrated emergency rations
- One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
- One miniature combination Russian phrase book and Bible
- One hundred dollars in rubles
- One hundred dollars in gold
- Nine packs of chewing gum
- One issue of prophylactics
- Three lipsticks
- Three pair of nylon stockings.

Shoot, a fella' could have a pretty good weekend in Vegas with all that stuff."

Major Kong (Slim Pickens) in Dr. Strangelove 1964
Message 20 of 43
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