Re: Do I have anything to worry about?

BrokaToe · ‎02-22-2013

Ok MyFICO family I have something worrying me, but I don't know if I should be worrying or not.

I've had my BOA, CAP1 and The Buckle cards for almost a year now. Then in the last two days I was approved for Discover, Chase Freedom and Walmart Store. My fear is that once these new accounts start reporting that I may see some AA from one of the lenders. I would be devastated if anything happened to my decent size limit on my new Discover. It's the best tradeline I have and I really want to make sure I stay in Chase's good graces.

So do I have anything to worry about with having these new accounts? Does anyone have any experience they can share with these lenders and their reactions to new inquiries and accounts?

Thanks a bunch, sorry I'm a worry wart.

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somotao · ‎02-22-2013

I think you should be fine....you should garden for a while. you got some good cards

Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750
Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000

calihlove75 · ‎02-22-2013

I would be worried too (worry club member here..lol) but honestly you will be okay. I hear people come on here and go on insane 'small' sprees or add like 10+ new accounts and nothing bad happens. Even me last year added a new account roughly every couple of months and I am okay. You will be fine

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050

navigatethis12 · ‎02-22-2013

I added over ten new accounts in the beginning of last year and four more near the end and didn't experience any negative action. I reckon if you keep utilisation low they will not be too concerned. If you max out all the cards then they will probably start to worry.

calihlove75 · ‎02-22-2013

Oh I just saw your Freedom limit. Don't worry, Discover is not going to worry about that small limiit. If anything, maybe Chase will try to compete for your business!!!!!!!!!!

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050

gpfirestone · ‎02-22-2013

sharks with lasers on their heads

:Capital One Spark Business $45k:::Chase Sapphire Preferred $30k:::Chase Amazon Visa $3k:::American Express BC $10k:::Chase Ink Plus $15k:::American Express Business Plum:::American Express Business Platinum::Citi Thank You Preferred $50k:::City Simplicity $10k:::REI Visa $10k::Capital One Quicksilver $15k:::American Express EveryDay $10k:::Wells Fargo Platinum Cash Back $10k:

FIA/BOA is the plague. AVOID THEM!

Anonymous · ‎02-22-2013

@BrokaToe wrote:
Ok MyFICO family I have something worrying me, but I don't know if I should be worrying or not.

I've had my BOA, CAP1 and The Buckle cards for almost a year now. Then in the last two days I was approved for Discover, Chase Freedom and Walmart Store. My fear is that once these new accounts start reporting that I may see some AA from one of the lenders. I would be devastated if anything happened to my decent size limit on my new Discover. It's the best tradeline I have and I really want to make sure I stay in Chase's good graces.

So do I have anything to worry about with having these new accounts? Does anyone have any experience they can share with these lenders and their reactions to new inquiries and accounts?

Thanks a bunch, sorry I'm a worry wart.

You shouldn't worry about it.

But kind of surprised how much Discover gave you as a credit limit compared to your other accounts! Impressive!

BrokaToe · ‎02-22-2013

Thanks for the reassurance everyone, I feel much better now. I just wanted to make sure I didn't mess up in all this.

@Anonymous wrote:

You shouldn't worry about it.

But kind of surprised how much Discover gave you as a credit limit compared to your other accounts! Impressive!

Believe me Bobert, no one was as surprised as me

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dodgerslv · ‎02-22-2013

@BrokaToe wrote:
Thanks for the reassurance everyone, I feel much better now. I just wanted to make sure I didn't mess up in all this.

@Anonymous wrote:

You shouldn't worry about it.

But kind of surprised how much Discover gave you as a credit limit compared to your other accounts! Impressive!
Believe me Bobert, no one was as surprised as me

Congrats on the Discover limit! wow! that is nice compared to your other cards. You will be fine! Probably should garden for a bit now.

gardening since 5/21/2016

Anonymous · ‎02-22-2013

I opened 4 within a week, hopefully nothing bad happens!

Do I have anything to worry about?

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Do I have anything to worry about?