Should be on credit spree or not?? Biggest dilemma...Help me out....

[FinStar]

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@Anonymous wrote:

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@stonedog23 wrote:

Good Lawd, no matter the economic climate, applying for 15-20 cards at one time is poor strategy, a bit irresponsible, and an awful way to show this passion you have for high credit limits. I would love to have high limits one day, but I realize I must cultivate what I have. Apply for 2, one being that NFCU, since it's the one that is really tickling your fancy. 

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Not to disrespect yours or anyone else's opinions, but I think the way you are entitled to your opinions, so does I am entitled to mine. And we don't have to agree on everything. Being that said, I do not agree at all when people say -(1) oh god...15-20 cards in such a short period of time is bad/irresponsible (2) it will shut down accounts in the future; (3) things have changed now.....(4) we are in the midst of pandemic....(5) economic crisis...(6) this and that...Expressing your opinions is one thing, but that doesn't mean its right/correct.... besides backing up with facts is another thing. Actually there is not even one case reported, not on this forum and not on any other similar forums out there, wherein someone, who was ever on a credit spree, was to be shut down any of his/her credit cards unless I have missed out something.  Please do point that out to me if there is any datapoint to support these theories or to justify that those shutting down was related to a credit spree..I would love to see those factual datapoints. As a matter of fact, there are plenty of members on this very site...active ones as a matter of fact....who went on a credit spree not too long ago...and some are still on it...who were able to get so many credit accounts in a very short period of time...and got bigger credit line...and they are still going strong...Please don't take my words, rather go on record to check this out by your own.

Many people think that this is not the right time to seek credit since we are still in the midst of pandemic and that banks have tighten up their underwritting criteria and their lending rules....and economic situation is not that great at this time...banks do not want to risk losing their money...etc..etc..etc...I want to say that although I do 100% agree with all these statements, but at the same time I can not ignore nor deny the fact that despite of all these, still 97% of lenders have not changed anything and they are still operating the way they used to prior to pandemic...and people are still getting credit...a lot of credit..perhaps more credit than prior to the pandemic...and still growing strong credit-wise...Yes, there are a few cases here and there which perhaps seemed to be impacted by pandemic, but those are in minority (maybe 1% or 2%), otherwise vast majority of people (maybe more than 98%) do get approved...I mean an approval still in pandemic and in economic crisis..and with a big line of credit....And yes there are some banks which have changed a bit of their lending practice after the pandemic, but those are not big of the changes...See, Discover now honors request for CLI only after a year of opening a new account unlike in the past when people can request at anytime for CLI...and they are now denying most requests for CLI for whole bunch of different reasons unlike in the past when they were more lenient to approving such requests...However, they are still giving away good line of SL to people despite of pandemic and economic crisis...They haven't changed on it post pandemic.

Same goes to NFCU, they are still giving away big SL. The only change they have made is giving out only $4K on CLI at a time, but they are not denying it nor they have slashed out big SL....Same goes to almost all banks...I have not seen a big and drastic change to justify pandemic effect...If someone checks other sites then you will find how many people are getting approval with good line of credit...left and right...even though their profiles don't support those approval...and all this is happening while we are still in the midst of pandemic and in economic crisis. That being said, I respectfully reject the notion that this pandemic has slowed down things and that its not a right time to seek credit.

Evidences/footprints are everywhere to support my position on how easily people are being approved and be able to get credit during pandemic. Yes, lenders want to minimize their risk, but they always weigh their risk anyway.. even without the pandemic. Besides, they need to survive too, and without lending out money, they can't survive. To be honest, Chase, Amex and Bank of America have been lending 39% more after the pandemic as per the report by Wall Street Journal. And whenever I go to other sites similar to this, there would be at least 20-30 posts everyday about approval of Amex and chase cards...So, I reject this scary notion of negatively pandemic effect on credit seeking action. People used to get rejections as well as approvals before the pandemic and they are getting rejections and approvals after the pandemic...Nothing big change occurred in between except approval are more now than how it was before.

Speaking of being irresponsible when it comes to 15-20 cards, then I should remind you that I already have 47+ accounts...they are not recent ones...ok...except one which is now over 6 months...I have been responsibly taking care all of them just fine for the last 15 yrs..And I believe I can responsibly take care 4x of this many accounts very easily like almost everyone is doing it who has this many accounts....When it comes to be responsibile then I did take care of my morgage and auto loan many years ago...and owe nothing to anyone...totally zero debt...have credit score over 816-841 across all CBS...And managing my business just fine for the last few years with high income...Are all these not counted for being responsible?? When people have a thick profile and enough creditworthiness then anything abnormal doesn't matter...their score won't change much...nor there would be any negative implications...Lenders don't just close down accounts for being on credit-spree alone...They will take the whole picture in its totality in consideration when it involves someone with a thick profile and enough creditworthiness to evaluate risk to them before closing down any account.

It is not that I do not want to hear out your or anyone else opinions nor I'm disrespecting any opinion. I am the one who posted this thread to hear out people. Of course, I would eventually decide what I should be doing, but I will see and evaluate whole facts/data-points before I make up my final decision.

Speaking of applying/acquiring 15-20 credit cards at the same time then I know so well that this many accounts always raise eye-brow of most people...no matter what...whether we are in the midst of pandemic or not...Anything unusual and out of norm is usually hard for people to understand and digest, but when someone set and done then there is nothing people say except congratulation...I might be a newbie on this site, but I certainly am not a newbie when it comes to the game of credit cards. I did not acquire 47+ credit cards and total available line of credit over $650k being a newbie. Nevertheless, I do welcome opinions from everyone and learn from them. Now I think I do have a change of heart again ...after reading all these postings makes me more now into accepting the challenge...Besides, what I've got to lose...If they would decide to close down any of my accounts then so be it...I will re-apply with them again after a year or so later...Its not like they will ban me for life for a credit-spree...And lenders always do review accounts and credit reports periodically anyway...some lenders do it all the times...like each month or many times a month while others don't do it that often...perhaps once a year or two...Again, I am into this credit game for too long to know at least this fact....

Thank you everyone for your kind input...I really appreciate it even though I might not agree with all the opinions...Cheers...

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While it's understandable that rationalizing the premise of some rebuttals is evident, regardless of who may opine on your overall potential experience, and since the forums appreciate feedback on the source of information and DPs (just like learning what drives scoring methodology, for instance), please provide the sources/data that back up the highlighted/bolded items.  As far as other blogs/forums, there's been some cited instances on Reddit, for instance, where some individuals had a good portion of accounts closed and CLDs (excluding SYNCB) as a result of a mega spree.  So, we can't discount those either and may not apply in your case, but it has happened.

One thing is to throw figures as generalizations, the other is to assume these are facts.  But, since you mentioned some of these figures for forum discussion, it would be nice if you can provide how you arrived at such statistics and the resources to back it up.

[Aim_High]

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@Anonymous wrote:

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@stonedog23 wrote:

Good Lawd, no matter the economic climate, applying for 15-20 cards at one time is poor strategy, a bit irresponsible, and an awful way to show this passion you have for high credit limits. I would love to have high limits one day, but I realize I must cultivate what I have. Apply for 2, one being that NFCU, since it's the one that is really tickling your fancy. 

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I think you've gotten some great feedback @Anonymous, and we're all trying to help you.  I agree with the all the previous advice that a spree may not be the ideal way to get the high limits you are seeking. 

Not to disrespect yours or anyone else's opinions, but I think the way you are entitled to your opinions, so does I am entitled to mine. And we don't have to agree on everything. Being that said, I do not agree at all ... Expressing your opinions is one thing, but that doesn't mean its right/correct.... besides backing up with facts is another thing.

Actually there is not even one case reported, not on this forum and not on any other similar forums out there, wherein someone, who was ever on a credit spree, was to be shut down any of his/her credit cards unless I have missed out something.  Please do point that out to me if there is any datapoint to support these theories or to justify that those shutting down was related to a credit spree..I would love to see those factual datapoints.

Ummm, well, you've missed something.   If you search the archives on My Fico, you'll find many cases of adverse action for excessive credit seeking behavior.  Yes, the results may vary somewhat based on the lender and credit profile, but it's not at all unusual.   Just go to the search bar and research old threads.

As a matter of fact, there are plenty of members on this very site...active ones as a matter of fact....who went on a credit spree not too long ago...and some are still on it...who were able to get so many credit accounts in a very short period of time...and got bigger credit line...and they are still going strong...Please don't take my words, rather go on record to check this out by your own.

As pointed out above by @Anonymous, the particular cases-in-point you appear to reference may have significant profile exceptions that don't apply to the general population as a whole.   As always, YMMV but be careful assuming you know everything about the profiles of the data points on My Fico.  As much as we share, there is also much you may not know which can influence credit decisions.

While some lenders have known limitations (Chase 5/24; Bank of America 3/12 or 7/12; US Bank 1/12 for examples), all lenders have some internal underwriting criteria as to how much recent credit-seeking is acceptable. 

Many people think that this is not the right time to seek credit since we are still in the midst of pandemic and that banks have tighten up their underwritting criteria and their lending rules....and economic situation is not that great at this time...banks do not want to risk losing their money...etc..etc..etc...I want to say that although I do 100% agree with all these statements, but at the same time I can not ignore nor deny the fact that despite of all these, still 97% of lenders have not changed anything and they are still operating the way they used to prior to pandemic ...  So, I reject this scary notion of negatively pandemic effect on credit seeking action. People used to get rejections as well as approvals before the pandemic and they are getting rejections and approvals after the pandemic...Nothing big change occurred in between except approval are more now than how it was before.

Again, if you search the archives of My Fico for dates prior to Feb 2020 (prepandemic) and compare to postings after Feb 2020 (post pandemic), you'll easily find tons of data points which contradict the idea that the pandemic has had an insignificant effect on lending.  Where do you get the statistic that 97% of lenders have made no changes??      Sure, there are still new cards and CLIs being approved, but that doesn't mean the underwriting standards haven't changed or that lenders aren't more jumpy about excessive credit seeking or the risk of being overexposed with unsecured credit. 

Speaking of being irresponsible when it comes to 15-20 cards, then I should remind you that I already have 47+ accounts...they are not recent ones...ok...except one which is now over 6 months...I have been responsibly taking care all of them just fine for the last 15 yrs..And I believe I can responsibly take care 4x of this many accounts very easily like almost everyone is doing it who has this many accounts....When it comes to be responsibile then I did take care of my morgage and auto loan many years ago...and owe nothing to anyone...totally zero debt...have credit score over 816-841 across all CBS...And managing my business just fine for the last few years with high income...Are all these not counted for being responsible??

I  think you took the word irresponsible more personally than it was intended.  @stonedog23 wasn't labeling you as financially irresponsible as a whole.   The word irresponsible can mean lacking in a sense of responsibility but also means reckless behavior in another usage.  It's a generally-accepted fact that opening a lot of new accounts very closely together has been proven over the years to exceed lender's risk tolerances.   So it's a very risky (some would say reckless) way to add new credit, and is on the fringe of abnormality compared to most applicants.  It's just a matter of exactly how much each lender will allow before it impacts approvals, limits, or adverse action.  Yes, we've had members who had done sprees of 15 to 20+ new accounts before, although it's more often spread in spurts over the course of a year or more.   They've had varying degrees of success.  Again, searching the My Fico archives of those who have done heavy credit-seeking in the past clearly shows that the pattern for even strong profiles generally goes from great (High SL) approvals to good approvals to marginal approvals to denials and can in some cases lead to adverse action on top of that from both your older and new lenders. 

I believe I have a similar profile to yours in many ways.  I was 0/24 and started adding new cards.  I believe at my worst, I was only 8/24 on new accounts, and I got two denials for new cards specifically due to excessive new accounts.  These were my first denials in decades.  Also, my SLs decreased as I got farther into the applications.   While YMMV, I encourage you to learn from the experiences of others. 

When people have a thick profile and enough creditworthiness then anything abnormal doesn't matter...their score won't change much...nor there would be any negative implications...Lenders don't just close down accounts for being on credit-spree alone...They will take the whole picture in its totality in consideration when it involves someone with a thick profile and enough creditworthiness to evaluate risk to them before closing down any account.

I agree that lenders take the whole picture into account and that credit-sprees alone are only one consideration.  However, I believe you're highly-overestimating the ability of a thick profile to insulate you from adverse action.  While it may help, I believe it will only go so far and will depend on other factors in how much it protects you.  It's truly the exceptional case where literally ANYTHING abnormal doesn't matter and would probably involve some significant relationship and investments with that particular lender. 

... Now I think I do have a change of heart again ...after reading all these postings makes me more now into accepting the challenge...

And by all means, we're all cheering for you 100% if you decide to move forward.  But please do share your complete results, for better or for worse with the community, so that we can all benefit from your experiment! 

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[Aim_High]

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@FinStar wrote:

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OP, if you're after "big whales", why don't you try some of the ones you've already inquired about in numerous threads.  Go big or go home I say.  Try your luck with First Tech FCU, UNFCU, maybe dab into UBS Visa Infinite.

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Question, @FinStar.  I thought First Tech didn't like profiles with a lot of existing credit?  If OP already has $650K TCL, would First Tech even be a consideration?   Are there cases where exceptions were made?

[FinStar]

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@Aim_High wrote:

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@FinStar wrote:

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OP, if you're after "big whales", why don't you try some of the ones you've already inquired about in numerous threads.  Go big or go home I say.  Try your luck with First Tech FCU, UNFCU, maybe dab into UBS Visa Infinite.

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Question, @FinStar.  I thought First Tech didn't like profiles with a lot of existing credit?  If OP already has $650K TCL, would First Tech even be a consideration?   Are there cases where exceptions were made?

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Correct, but if the OP did his research they would know 😉.

First Tech is a pretty decent CU, especially if you get "in the game" early with them.  But, for those avid credit enthusiasts with excess TCL, it's not something where they're known to make exceptions.  What First Tech UW would recommend is that if you want to play with them, you have to lower your exposure elsewhere and provide confirmation/documentation.  Just ask @CreditCuriosity (or others who've been there), for instance.

I've only been aware of a couple of outliers/exceptions, but it's not something that I'm able to discuss publicly 😊. 

[stonedog23]

Wile, I know that you are not a newbie, since you've told us that you have 650K in credit. I never called you, personally, irresponsible. I specifically called your potential action of the trying to gain 15-20 cards at one time irresponsible. I would say this to anyone, but particularly to someone who asked for my opinion, as you did. But you are grown, so go for it. Please tell us how it turns out. We're all rooting for you. 

[AverageJoesCredit]

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@Anonymous wrote:

Hello everyone...I am very much confused on my situation....Never thought to find myself ever in this situation. I am just unable to decide if I should be on a credit spree or not at this time....Its a catch 21 for me...Let me explain my dilemma.

I have been stragically preparing myself for the last 6 months for this time so that I could apply for at least 15-20 credit cards at the same time from banks and credit unions. I am darn sure that I have a pretty good chance to get most of them if not all...with good credit limit... because I have 821-842 credit score across all 3 credit bureaus right now...0% utilization...absolutely zero debt...never have had any late payment, collection.. bankruptcy...no any baddies whatsoever...not even any closed account except one (Discover) which shows that I closed that account even though Discover closed it down. Some might argue that closed accounts don't cause any problem if they are paid, but its not completely true as per my research, observation and experience. Lenders or their system don't see closed accounts favorerly if there are a few of them. And a closed account still falls under 5/24 rule with Chase and with many more lenders' internal rules...Anyway, I do not have to worry about it as well...And I also have a good verifiable income as well. My morgage and auto loan are shown fully paid on my credit report a few years back which is a combination of credit accounts (installment accounts) that lenders prefer to see in anyone's credit report...Further, I have only one credit account opened in 24 months and only one inquiry in 24 months. So I believe I have a very good chance to get good amount of credit right now.

However, here is the problem. I am very much interesting in Navy Federal's total exposure. And I know that in order for me to get their full exposure, it might take over a year or more if I do get lucky...but I believe I might never be able to get their full exposure if I go on a credit spree now...Why? If I apply for Navy Federal card now, I will get only one card...then after 91 days -3 statements later another one and then 6 months later...and don't know how much credit limit they would give...nobody knows...So its a long shot to get their full exposure which is still subject to be lucky...But if I do go on credit spree now then my chances will be gone for good with them  because- I already have too many open credit cards and over the top adding more will definately be a closed deal with Navy Federal for good since Navy Federal is extremely sensitive to those who have high score, high income, many accounts...many inquiries...and I also have over $600k available credit...so everything is already looking bad in my situation when it comes to NFCU given all the data points on various forums and then over the top going on a credit spree will definately close all doors for me for good for NFCU exposure.

But the problem is- if I do not go on a credit spree now then my chances with other incredible lenders will hamper in the future because then they will see some of new inquiries and new accounts there which will not look good to them than how many open accounts and total available CL I already have. I mean I do want to apply at least for two cards if I do not go on spree...US bank and NFCU but then I would need to wait almost two years to get all the cards I want from other lenders if not now because this much time it will take to get the full exposure from NFCU if I do get lucky...

I just can not give up obtaining their exposure and I also can not think of not getting other incredible cards from other lenders too...but given how many open accounts and total credit line available to me then its a hard decision what to do because I might never get second chance because of these two factors alone. I understand some people are still getting approval after 68 inquiries and with $67k income and 48-65 accounts in 22 months but those are not norm...Those situations are very hard to believe but if those are true then they are certainly not norm...

So, don't know what to do...Should I go on a credit spree and get at least 10-12 more good credit limit cards and forget about full exposure from NFCU for good....or just get 2 cards now and wait almost 2 years to be done with NFCU exposure and then take my chances with other lenders??? Not that I need any credit now...but my only concerned is-time is the essence in my situation..And please don't ask me as to why I need any more accounts...etc...etc...All I can say is- obtaining as much as credit is my passion and I also like challenges...I get thrill from obtaining big-big credit lines from as many lenders as I can...especially from rough and rowdy lenders..I never go for SUBs, APR..or this and that reasons to seek credit, rather I go to get them for my passion....Anyway, anymore credit added to my profile from now on will lower/hinder my future chances with future lenders given how many open accounts I already have and how much total credit available for me. Please help me to decide. Thanks....

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Ok here's  the most average guy on this forums opinion

Although sprees can be dangerous right now, we must all remember that ol' maxim, no clue if that's  right word lol, that in credit , everything is YMMV and no 2 profiles are alike. For every reason thats legit and focuse on possible closures, clds, etc after approvals, we can also find examples like @tcbofade  who was quite successful recently on a huge spree that most of us would not recommend. However, even though only time will tell if there are any consequences,  some people actually do have strong enough profiles to make a spree possible and if one is willing to take the risk and deal with the consequences,  good and or bad, then they should feel free to do so.  If one plays it right they could see many approvals. As already stated upthread just know the time we are in and how each lender has been reacting. 

One point id like to harp on @Anonymous  , the amount of credit you have or will gain has no bearing on the maximum credit you can achieve with Navy Federal,  which is 80k . Their maximum is what they set on what they feel is the max per member. If it were based on how much credit we have we'd  be walking around with $500 ccs and no more lol. Good luck with any decision you make. Life is too short, have fun and let credit work for you not the other way around

[Anonymous]

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@AverageJoesCredi wrote:

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Ok here's  the most average guy on this forums opinion

MOST average guy??? Who says so?? Because I know I don't....You are a genius in my book along with being nice,  kind and gentle soul...I honestly admire you for always being so thoughtful. Hats off to you...."Mediocrity knows nothing higher than itself, but talent instantly recognizes genius"- Arthur Conan Doyle

[tcbofade]

One of the things that I truly love about myfico is the different viewpoints that get presented at various points.

Thank you, @AverageJoesCredit  for the tag, and yes, I just completed a very successful spree.  (9/10 ain't bad)

That being said, I already have nearly max exposure with NFCU, and they've never balked or been difficult with me.  OP won't get to $80k exposure with them at hello, but it can be done in a few years.  (I'm on the wrong PC to verify, but I believe that I'm at $78.5k with NFCU).

If any one piece of the intended spree actually MATTERS, complete that one first.

I started a refinance on my home on 01/01/21, and only after the loan funded did I apply for the next thing. 

Personal loan from Penfed.  $20k at 6.49 percent. 

Then several credit cards.  (Eight of them if memory serves.)  Seven approvals, one denial.  

FNBO approved, and balance transfer already completed.

PenFed Gold approved, and balance transfer already completed.

Commerce Bank approved, and balance transfer already completed.

HSBC Gold approved, and balance transfer already completed.

BankofAmerica approved, balance transfer in process.

USBank approved, SUB already met.

Barclays NFL approved, will meet SUB in the next two weeks.  (Go Rams!)

Wells Fargo Cashwise, denied.  Too many credit accounts.

COULD I face AA?  Certainly.  I haven't seen any yet, and they can't dishonor completed transactions, so I'm not terribly concerned.

My Fico scores will certainly take a hit when all of the new accounts arrive, but I'll be keeping individual utilization under 48%, so I'm not terribly worried about that either.

Best of luck, whatever you decide!

[AverageJoesCredit]

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@tcbofade wrote:

One of the things that I truly love about myfico is the different viewpoints that get presented at various points.

Thank you, @AverageJoesCredit  for the tag, and yes, I just completed a very successful spree.  (9/10 ain't bad)

That being said, I already have nearly max exposure with NFCU, and they've never balked or been difficult with me.  OP won't get to $80k exposure with them at hello, but it can be done in a few years.  (I'm on the wrong PC to verify, but I believe that I'm at $78.5k with NFCU).

If any one piece of the intended spree actually MATTERS, complete that one first.

I started a refinance on my home on 01/01/21, and only after the loan funded did I apply for the next thing. 

Personal loan from Penfed.  $20k at 6.49 percent. 

Then several credit cards.  (Eight of them if memory serves.)  Seven approvals, one denial.  

FNBO approved, and balance transfer already completed.

PenFed Gold approved, and balance transfer already completed.

Commerce Bank approved, and balance transfer already completed.

HSBC Gold approved, and balance transfer already completed.

BankofAmerica approved, balance transfer in process.

USBank approved, SUB already met.

Barclays NFL approved, will meet SUB in the next two weeks.  (Go Rams!)

Wells Fargo Cashwise, denied.  Too many credit accounts.

COULD I face AA?  Certainly.  I haven't seen any yet, and they can't dishonor completed transactions, so I'm not terribly concerned.

My Fico scores will certainly take a hit when all of the new accounts arrive, but I'll be keeping individual utilization under 48%, so I'm not terribly worried about that either.

Best of luck, whatever you decide!

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Thanks for sharing @tcbofade  again. This just shows perspective and indeed having varying opinions is great here. I know most have their sincerest wishes to help when offering their advice or experience and its refreshing that you , @Anonymous  can appreciate that. Thank you for your kind words as well. Its amazing hiw sometimes we can become jaded when reading , oh i got 800 scores  they should get me anything,  but when we see those scores have substance  such as your long credit history  it lends more credence . I often bark that scores should mean more in that they should represent to lenders our worthiness but it doesnt always work that way.  Ive been denied credit with 800 fico 9s at one point, Penfed.  Sometimes people have life reasons for their apps and other times simply the joy of it.  I think we all will learn alot going forward whether through Ops future planned apps, or Taco's extreme Enchiladas.  im just happy to be part of it since there's so much wrong in the world , finding happiness in Ficoland is sufficuent enough

[Remedios]

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@tcbofade wrote:

One of the things that I truly love about myfico is the different viewpoints that get presented at various points.

Thank you, @AverageJoesCredit  for the tag, and yes, I just completed a very successful spree.  (9/10 ain't bad)

That being said, I already have nearly max exposure with NFCU, and they've never balked or been difficult with me.  OP won't get to $80k exposure with them at hello, but it can be done in a few years.  (I'm on the wrong PC to verify, but I believe that I'm at $78.5k with NFCU).

If any one piece of the intended spree actually MATTERS, complete that one first.

I started a refinance on my home on 01/01/21, and only after the loan funded did I apply for the next thing. 

Personal loan from Penfed.  $20k at 6.49 percent. 

Then several credit cards.  (Eight of them if memory serves.)  Seven approvals, one denial.  

FNBO approved, and balance transfer already completed.

PenFed Gold approved, and balance transfer already completed.

Commerce Bank approved, and balance transfer already completed.

HSBC Gold approved, and balance transfer already completed.

BankofAmerica approved, balance transfer in process.

USBank approved, SUB already met.

Barclays NFL approved, will meet SUB in the next two weeks.  (Go Rams!)

Wells Fargo Cashwise, denied.  Too many credit accounts.

COULD I face AA?  Certainly.  I haven't seen any yet, and they can't dishonor completed transactions, so I'm not terribly concerned.

My Fico scores will certainly take a hit when all of the new accounts arrive, but I'll be keeping individual utilization under 48%, so I'm not terribly worried about that either.

Best of luck, whatever you decide!

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All true, but you already experienced AA, prior to your last adventures, so that should be disclosed, too. 

Besides, that's not even the point here, you had a valid reason for multiple applications. 

I admire you for all the work you've done in reducing your debt, working as hard as you have, and you didn't just go applying because you thought one day "Lemme go get 10 cards, some loans, and a kitten"

You did what financially made sense, not on a whim. 

When it comes to paying things off, you are my board hero, you've kept trucking along when most would have stopped long time ago but here is no equivalency here.  

No one is telling OP what they cannot do, or what it's going to happen.

It's all about what could happen, and they can go from there based on their own tolerance and how they think lending works.