@CreditScoreImprovement24 wrote:Has it ever happened to you?
Also, does opening say 3 new cards in one day risk account closure or CLD for one of the cards once the new accounts show in credit report? Since, the 3 different lenders made their approval decision with no knowledge of the 2 other lines (increased risk)? Would the credit score decrease from 3 inquiries and AAoA huge drop lead to adverse action from lenders?
Or there typically isn't an issue provided you pay statement balances in full and on-time?
it depends on the profile and financial situation
carrying $10k in balances on $50k income at 40% utilization would lead anybody to be nervous/skittish to app sprees
but solid profiles that don't carry balances and PIF every month with a long, consistent record of doing so tend to be okay, your velocity will naturally be limited to what you can be approved for and for a solid profile, you'd have to really go out of your way to spook most creditors
Welcome to My FICO forums, @CreditScoreImprovement24. 
Your title asks one question but the body of your posting suggests another. Did you mean to ask both?
CLDs (separate of adding new accounts) normally occur for a few common reasons:
- Inactivity on an account may lead the lender to lower the available limit as a precursor to eventually closing it, to mitigate their risk. How long can an account be inactive before CLD or closure? That depends on the lender and even your relationship with them. Some lenders allow cards to stay open with the full limit for years without CLD or closure. Most want to see some activity within 12-24 months or they might close. And a few might start to take action after about six months. So many of us will put "keep alive" charges on a card we want to keep but haven't used lately.
- Overall economic conditions may cause a lender to reassess their card portfolio to reduce exposure and risk, consequently lowering some high but mostly unused limits. Case-in-point is that Synchrony Bank has done this regularly to some of our members and there are many threads dedicated to the topic.
- Adverse changes to the individual credit profile that concern a lender may cause them to lower a limit. For examples, rising utilization on any of your accounts, paying minimum payments for extended periods of time, late payments, or other derogatory information may lead them to be concerned about risk of default.
As for CLD or Closure as a result of an "Application Spree" where multiple new cards are added, the risk is real but especially for younger and thinner credit profiles. The more new applications, the higher the risk. Some lenders are known to close recently-approved accounts when they detect that they were included in a spree. (See >my recent post about Chase< as an example of what I see as a risky "spree" with links to Chase repercussions.) In this scenario, you're much more likely to have a lender just CLOSE a new card than for them to reduce the limit. As @GZG stated above, the thicker and more seasoned your credit file, the more aggressive you can normally seek new credit with risk of adverse action. (As always, regardless of profile, we all hit a wall at some point before denials or significantly lower starting limits become apparent.)
CLD on 3 approvals stacked, never. And big deal if they did.
Be the hare and not the tortoise
. The grabing hands grab all they can! Including SUBs.
Aven:
