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Too many cards at once?

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NRB525
Super Contributor

Re: Too many cards at once?


@Anonymous wrote:

I was wondering if receiving 3 CCs in a period of 2 weeks would hurt my score I have gotten 2 and thinking about getting another with for the cash back and $200 SUB.


Congrats on the new cards. Which card names are these ? 

Which is the third card you are considering applying for? 

Reason for asking is, if they are cards that will serve you well in the long run, then gethering them now may make sense.

 

Getting three cards in a short period of time is do-able. Some people find, soon after, that certain banks didn't like to see that many cards. Whether that happens in any specific situation no one can predict, but there are reports here of folks getting cards closed when a bank didn't like how many cards the person opened at the same time.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 11 of 15
SouthJamaica
Mega Contributor

Re: Too many cards at once?


@Anonymous wrote:

I was wondering if receiving 3 CCs in a period of 2 weeks would hurt my score I have gotten 2 and thinking about getting another with for the cash back and $200 SUB.


My advice would be to slow down. Certainly it would hurt your score.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 689 TU 684 EX 685




Message 12 of 15
Ilinferno
Established Contributor

Re: Too many cards at once?


@SouthJamaica wrote:

@Anonymous wrote:

I was wondering if receiving 3 CCs in a period of 2 weeks would hurt my score I have gotten 2 and thinking about getting another with for the cash back and $200 SUB.


My advice would be to slow down. Certainly it would hurt your score.

 

+1 If the lates are in 2015 then they should be falling off your profile in the coming year. Let your current cards age and you'll be in a much better spot for new approvals once the lates disappear. It will also give you some time to get your utilization lower. Also you can call TU and get early exclusion  6 months early, and EX will do EE at 3 months.


 

Message 13 of 15
Anonymous
Not applicable

Re: Too many cards at once?


@NRB525 wrote:

@Anonymous wrote:

I was wondering if receiving 3 CCs in a period of 2 weeks would hurt my score I have gotten 2 and thinking about getting another with for the cash back and $200 SUB.


Congrats on the new cards. Which card names are these ? 

Which is the third card you are considering applying for? 

Reason for asking is, if they are cards that will serve you well in the long run, then gethering them now may make sense.

 

Getting three cards in a short period of time is do-able. Some people find, soon after, that certain banks didn't like to see that many cards. Whether that happens in any specific situation no one can predict, but there are reports here of folks getting cards closed when a bank didn't like how many cards the person opened at the same time.


The cards I have been approved for are the Discover It and Amazon Prime cards. Total CL $14,000. I was thinking about applying for an AMEX. With the advice I've been getting, I decided against it. I will garden what I have. Thanks for the help everyone! 

Message 14 of 15
Ilinferno
Established Contributor

Re: Too many cards at once?

@Anonymous 
No worries! Good luck with the scores and gardening! I'm sure you'll have that Amex in no time.

Message 15 of 15
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