Too many accounts recently opened

[Anonymous]

I know how you feel. I hadn't added a new credit card I'm 8 years. Then I needed to finance an open med bill collection that was charging interest over several years. Score were low to mid 600s. Got the chase freedom at 0 for 15 mos and a CU card at 10.99 apr. THEN I thought, well what else. Got nfl extra from barclay, didn't like. Closed it recently. 4th card in two months was boa cash rewards. Then in may, received my freedom unlimited. I stopped there. I wouldn't even be wanting the discover miles if I wouldn't get so much cashback on my rent that way. My scores have def improved over the last year, upper 600s, but I do wonder if they would be over 700 if I had just added two instead of 4.

Sorry, I don't know much about freezing. Someone else will have to answer that. Not a bad idea tho. Have seen quite a few on here do that to make it more difficult to app.

[garagebandking]

There was a credit application addict thread on here some time ago...it is easy to get hooked with the positive reinforcement of "You're Approved"

I'd wait at least a year for all those accounts to age...and if you treat them well...you should be able to get some CLI here and there...even if you freeze your CRs.

Good Luck!

[BronzeTrader]

I've opened a total about 9 CCs over the past 6 months and all got approved. I just re-organized my CC portfolio and closed several cards too. The Sapphire Reserve is the latest. I was not very optimistic about it, but got a nice surprise.

One of the reasons that CC companies do't like many new applications because, some people are addicted to new CC signup bonus. And those people abuse this system. I know some people open and close so often. And CC companies lose $$ with those customers.

They would rather serve some customers with $200,000 yearly spending. Then all the perks they give to the customers are just a small part of the profits they earn

[Anonymous]

I would wait 1 year. you will only be half way to having the inquires removed but hopefully reality would have settled in and you won't be app happy. Within a year you'll know which cards you actually use and what to keep or lose and you can apply for just the card or cards you need. Alternatively you could garden altogether.

[blondy250]

Inquiries stay on your report for 2 years, but for scoring purposes they count for a year. I would personally wait a year (use your credit responsibly),  and then apply for a prime card, no more store cards

[AverageJoesCredit]

Roodog, im shocked! Literally shocked, I thought you were older than 8 years old ... Lol

OP, with Synchrony, be careful trying to open too many accounts close together. You can get sp cli with a frozen report though sometimes it easier when you can unlock before requesting so there is no problem for them checking your report. Ive hit luv button and gotten sp cli but on other occasions when calling CS i unlock my TU first just in case.

[Anonymous]

AJC,

Lol! Gotta love mobile. Even when I type the right things my phone will change it to something random.

[AverageJoesCredit]

Agreed Roo! I just wish i could graduate grammar school with how i type sometimes

[Anonymous]

Come and join us in the garden! While you garden create a plan and within your plan come up with a list of cards that fit your spend. Then research them to make sure they are right for you. 

[disney2]

I got the same message last week.  I had gotten Old Navy, Belk, and American Eagle (for the discounts), but then decided I'd try for ToysRUs for the rewards and Christmas coming up.  I got the dreaded letter yesterday that said "too many accounts recently opened".  I called their CC CS number, 855-389-2365, today and they said they don't do recons.  I suppose I may be calling the wrong number for that, but that's the only one I could find.  I would love to get those points for the toys I'll be buying for Christmas though!