@Aim_High wrote:“It's shiny and metal, I should apply"
Wait ... that’s not a good reason? Lol
It appalls me when I see 20-somethings in college or right out with a thin or no file thinking they need a dozen cards in year #1 including an AMEX Platinum.
We all think it but, don't dare mention it.
Metal cards were a novelty when no one could get them and Chase ran out of blanks when they released CSR. I have a handful of them but, not by choice.
FOTM's are an issue as well as the I'm closing on a house and need 10 new cards.
The key to success is to sit back and observe when these sort of things come along. Give it a good 6-12 months observation to evaluate whether or not the situation is worthwhile to your personal spend profile. The slew of SCT's / Bliss / hidden lines and so on... If it sounds too good to be true then it probably will be down the line.
@Anonymous wrote:I think you'll see a trend like this....
0-1 -- conservative
2-5 -- motivated to seek new accounts
6-10 -- actively targeting some strategic goal or bonuses
11+ -- a little off the rails but, potentially attaining goals
20+ -- -there's a couple of people around here in this territory and 1 in particular that's over 100 in the past 2 years
It depends on what your goals are. It depends on how you want to reach them. It depends on how good your self control is.
Seems like very sound advice. Moving forward I'm planning on increasing my TCL, so I was wondering how far to throttle. I've been very low key since my DC, but from what I've been picking up strategic moves need to be made. I'm 5 years post, and i'm going to move into a higher gear with credit growth.
Thank you everyone, all input was very informaitve.
