No expert here, in my opinion 1 account every 6 months seems to be ideal for adding cards to our collection; I call it that because who really need more than 2-3 cards. 6mo from my last app my scores have recovered and I'm starting to get cc offers.
take it with a grain of salt.
The more important question is, what are the six cards you are interested in, what are the requirements the bank may have for minimal prior apps, and how valuable are the cards for your purposes?
If the six are valuable to you, and you can arrange the timing of the apps to keep the banks happy, then those are in the set Not Too Many Cards.
I try to close cards that don't have further use for me. It's a slow process, but each card may not stay valuable long term.
Full disclosure: I don't have too many cards. Today.
@longtimelurker He takes it as you mentioned, a game... I don't think he needs credit in the 1rst place and treats it like many members on here but on a higher scale, he's whale in this game; isn't that right, Mark? Thanks.
@Anonymous wrote:I have 91 open credit cards right now. All are active. I said I was going to stop at 48. It is a hobby for me. Like stamp collecting for others.
I do get CLI's often as well providing they are SP's as I have just over 100 inquries on my three reports combined
I would think some banks would do an AA as I have so many cards but nope, I just keep getting more. But I only apply to banks that look the other way, so I avoid banks like Chase and US Bank etc, I have a few cards with them but those cards are decades old.
I also have 28 debit ATM or what ever you want to call them with Visa or MC logos, all active as well.
I am done but I say that all the time until a new CC comes out and I have to have it LOL.
I wish there was a credit card help group for people like me all I ever find is for drunks and drug users, sheesh
Thanks
Mark
So this could be fiction 🤭
@Yasselife wrote:@longtimelurker He takes it as you mentioned, a game... I don't think he needs credit in the 1rst place and treats it like many members on here but on a higher scale, he's whale in this game; isn't that right, Mark? Thanks.
I do this for fun. Card collecting is just that fun. No I do not need the cedit. I can pay for whatever I want with debit cards. I rather use CC's for everything though. And no, this is not fiction. My advice may be but my cards are not LOL.
And I want to say; So many are scared that a HP will destroy your credit. I have as of today 102 HP's combined from all three agencies. My scores are still today 809 to 825. It really depends on how thick your profile is and how old it is.
As of EQ today.
91 open CC's
Total credit lines $1,505,275
Credit used $21,615
Of course it is paid off each month in full as I never pay interest. Then I let other cards report the next month. I never allow any card to report a balance two months in a row or it may appear that I am carrying a balance.
I am careful to only have cards that do not carry an AF. However, I have three cards that have an annual fee. And one was a mistake lol
Barclays Luxury Card AF is $195 CL is $330,000
Aspiration Zero AF is $60 CL is $20,000 I did not realize this card had an AF when I applied
Prosper MC AF is $39 CL is $3,000 it is an orange card. I needed an orange card to complete my collection
so I had to pay for it LOL
Does this scare off banks? just a few, most still give me more cards. I have never had any AA other then mass closings by one bank back in 2020 but as of now they have issued me all new cards. I wont talk about them or that LOL
Thanks
Mark
@Anonymous wrote:
@Yasselife wrote:@longtimelurker He takes it as you mentioned, a game... I don't think he needs credit in the 1rst place and treats it like many members on here but on a higher scale, he's whale in this game; isn't that right, Mark? Thanks.
I do this for fun. Card collecting is just that fun. No I do not need the cedit. I can pay for whatever I want with debit cards. I rather use CC's for everything though. And no, this is not fiction. My advice may be but my cards are not LOL.
And I want to say; So many are scared that a HP will destroy your credit. I have as of today 102 HP's combined from all three agencies. My scores are still today 809 to 825. It really depends on how thick your profile is and how old it is.
As of EQ today.
91 open CC's
Total credit lines $1,505,275
Credit used $21,615
Of course it is paid off each month in full as I never pay interest. Then I let other cards report the next month. I never allow any card to report a balance two months in a row or it may appear that I am carrying a balance.
I am careful to only have cards that do not carry an AF. However, I have three cards that have an annual fee. And one was a mistake lol
Barclays Luxury Card AF is $195 CL is $330,000
Aspiration Zero AF is $60 CL is $20,000 I did not realize this card had an AF when I applied
Prosper MC AF is $39 CL is $3,000 it is an orange card. I needed an orange card to complete my collection
Does this scare off banks? just a few, most still give me more cards. I have never had any AA other then mass closings by one bank back in 2020 but as of now they have issued me all new cards. I wont talk about them or that LOL
Thanks
Mark
Imho you should not be saying your advice maybe fiction aa it defeats the purpose of this credit forum which is to help people and share our experiences. Your siggy itself doesnt help either. We all must take away what we will from post we read, and many of know how how to call BS when we read it, but blatantly saying you are writing fiction doesnt help your cause of adding something of worth to the community.
As for treating credit as a game thats up to the individual and for those with high incomes its much eaier to play that way. My own advice to people looking to get multiple credit cards is just make sure you xan handle it. Game or not there are always winners and losers