Mini App Spree - All Approved!

[Anonymous]

I've learned a lot from this awesome forum in such a short time - glad to be here!

I went on a mini app spree (my first and likely to be my only) for the following cards. I applied for all of these cards today (in the same day too!) - mind you, I was a little hesitant/nervous doing this, but I went for it and it paid off!

All three of my credit scores are above 800, always pay in full, never any late/missed payments, AAoA 8-10+ years with my existing cards. I spend wisely and use my cards responsibly. As you can see, I'm going for the cash back route. 

All of them were approved instantly! WOOHOO! 

Amex BCP - $15,500                        (my first AMEX! I was pleasantly surprised to see this high of a credit limit from them!)

Sallie Mae World MC - $12,500        (super excited I got this high of a credit limit with the SM card!)

Chase Freedom - $8,500

Citi Double Cash - $3,300

Do y'all think this will lower my credit scores by any? If so, by how much, and will it just be temporary? I'm hoping I don't have too much to worry about, as I want to keep all three of my scores above 800 like they've always been.

[DrDG]

Hey!!! Congratulations! That's pretty awesome! I will be doing my app spree here shortly. May I ask, did AMEX require any docs from you??

[Anonymous]

Congrats on the approvals! If you're not happy with the double cash limit and don't mind another Hp, Citi is really good about giving a much higher limit when you get the card

[Anonymous]

Congrats on getting some great cards with nice limits

[jamie123]

Welcome to the forum!

You did great! Really nice starting limits!

To answer your questions...

Yes, your scores will definitly take a hit once all the new cards start reporting but don't worry, they should recover to where you started from in about 6 months to a year. It is the price we all have to pay to build a better and thicker credit profile.

[AzaleaB]

Wow! Great spree! You are pretty solid even if you take a bit of a hit, it's only temporary.

[DrDG]

Wow! 6 months to a year? Really? It will take THAT long to build the scores back up? I didn't think it would take that long, I thought more like 3 or 4 months, but keep in mind, I have not yet done an app spree, you would know better than I would. How many points would you estimate will be lost as a result of the spree?

[Anonymous]

Congrats!.....Thanks for sharing..

[coldnmn]

Congrats! Thanks for sharing.

[Tony275]

VERY nice spree!! I'd try and get that Citi card increased! With your other limits and scores you should have NO problem getting near $10k!
Congrats and welcome to the garden!