"App Spree" unplanned and gone too far...ugh

[Anonymous]

Just got a mortgage, and since I don't have any other big credit goals coming up I decided to get some new credit despite an aaoa of only 3 years. Going in scores were EQ 724, TU 711, and EX 703. Because of moving expenses and home purchases, reporting util was much higher than I normally keep it, at about 48% on about $8K available credit.

I applied for a Discover for 0% and got approved for $12.5K--thrilled that I could consolidate and pay off all the moving spending at 0% interest. I've also been dying for an AmEx and got brazen--applied and got an instant $10K approval. Fast forward to last night, doing regular Amazon shopping, I didn't think it through and bit at the Chase Rewards $30 gift card offer. Approved, but for an abysmal $500. I have another Chase account (Freedom) but didn't think things through before hitting "Apply"--most of my current debt sits on that Freedom and my new Discover balance transfer won't go through until sometime next cycle.

Feeling like an impulsive jerk, and one with a crazy scary aaoa and a bunch of fresh inquiries. All for a $30 gift card and a $500 CL. Grrrrrrr!  

[Anonymous]

I told my cousin Chase pre-approvals were golden.  He applied for the Freedom and only got $500.  I laughed so hard but did feel some shame.  Then after a few short months they bumped him up to $2,000.  It's not about your mistake.  It's about how you handle your mistake and recover from it.  Grow some corn for 6 months to a year.

[kdm31091]

The Amazon card is known for crappy limits, so don't be too hard on yourself. Just seems to be part of the underwriting to get a bad limit and APR in most cases (not that it's designed for carrying a balance).

Chalk it up to an impulse app and move on. It's not the end of the world. We've all apped for things we later wish we had not.

[BungalowMo]

Yeah....don't fret over the paltry $500, revel in the new $12.5k & $10k cards!

I believe congrats are in order!!  :0)

[OmarGB9]

Grats on the approvals

[Anonymous]

you'll save way over $30 with your new balance transfer, and the discover deals and rewards will be way better than $30 bucks too

[Anonymous]

Thank you all. Yeah, the approvals had me riding high until the $500 reality slap. Thanks for the positive thoughts. Definitely in the garden for the foreseeable future.