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Is six new cards too many?

coldfusion
Community Leader
Super Contributor

Re: Is six new cards too many?


@Remedios wrote:

@Wavester64 wrote:

@Saeren wrote:

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. 


@cmro81 +1 ^^ This Smiley Happy


 

Right, but what about existing lenders? 

 


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(4/2021)
FICO 8 (EX) 815 (TU) 822 (EQ) 808
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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 41 of 43
AverageJoesCredit
Mega Contributor

Re: Is six new cards too many?


@coldfusion wrote:

@Remedios wrote:

@Wavester64 wrote:

@Saeren wrote:

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. 


@cmro81 +1 ^^ This Smiley Happy


 

Right, but what about existing lenders? 

 


 Shocked Animated GIF


Existing lenders only exist if WE actually exist🤔

Message 42 of 43
kdm31091
Super Contributor

Re: Is six new cards too many?

Six new accounts are a lot by most standards but especially in the 2020 economic climate. I'd cool off for at least six months and a year is better. Aggressive credit seeking is not a good look and you don't want your cards, existing or the new ones, to be closed out due to lenders pecieving you as a risk. 

 

I think in the economy we are in right now one should consider any apps carefully and definitely spread them out few and far between. That said, what's done is done, and closing the cards now will do you no good. May as well keep them and try to reap some benefit from the damage done by opening them. 

Message 43 of 43
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