Approved for $24,100 Credit Cards

[Anonymous]

I applied for a Amazon Prime Rewards Visa Signiture card /chase $8,100 - Wells Fargo $5,500 - Compass Bank $5,000 and Barclay Card $5,500

MyFico was 721 when I applied. All had hard pulls from Experian and Equifax. This was done in a 48 hour period of time.

I also purchased a new car as this was pre-planned for months. Sold older car which will be dropping off as I just recived the pay off letter. So I'm sure this will drop my credit score? Now wondering what will happen with the new car how that will adjust the score up or down?

I just don't want to see my credit score drop like the Titantic. It is now at 705 Experian on myFico. 

If I owe 33% on my credit total will these new cards adjust the new percentage ratio to help counter balance things?

[Anonymous]

That’s quite a spree you went on!

The new cards, once reporting, will add to your overall limits and thus drop your utilization percentage accordingly. I believe that is what you were asking?

I wouldn’t apply for anything for awhile, that’s a lot of new credit in a very short period of time and can spook lenders (Barclays gets spooked easily from what I’ve seen here) but congrats on the new cards!

[Medic981]

Congrats, on the approvals and the new car. Yes, the additional credit will lower you aggregate utilization. Time to go to the garden.

[AverageJoesCredit]

Indeed, great job. But to add to Barclays, Chase too can be very spooky around their cards. I wouldnt apply for anything else at least 6 months.

[Anonymous]

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@Anonymous wrote:

I applied for a Amazon Prime Rewards Visa Signiture card /chase $8,100 - Wells Fargo $5,500 - Compass Bank $5,000 and Barclay Card $5,500

MyFico was 721 when I applied. All had hard pulls from Experian and Equifax. This was done in a 48 hour period of time.

I also purchased a new car as this was pre-planned for months. Sold older car which will be dropping off as I just recived the pay off letter. So I'm sure this will drop my credit score? Now wondering what will happen with the new car how that will adjust the score up or down?

I just don't want to see my credit score drop like the Titantic. It is now at 705 Experian on myFico. 

If I owe 33% on my credit total will these new cards adjust the new percentage ratio to help counter balance things?

Nobody can really answer that without knowing your total CL. 

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[MartyWrite75]

Congratulations on your approvals!  Nice!!  

[Anonymous]

The Garden I Go....  I probably shouldn't even had applied for all 4. I won't apply for anything for about 1-2 years as I need nothing. Thanks to everyone who commented it was appreciated.

[RonM21]

Nice spree of approvals there! Congrats!

[Anonymous]

Congrats on your spree approvals , very nice SLs also !!!!!

[Anonymous]

Congrats