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re: Credit Card Apps - All in same day

Posted on 10/22/13 at 3:33 pm to
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 10/22/13 at 3:33 pm to
quote:

My wife or I apply for a new card every 3-5 months


how much of an impact does this have on your credit report with having some many hard inquires?

quote:

Cancel most at 1 year mark


again, wouldn't this cause you credit history as well as your utilization % to be negatively affected?
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 10/22/13 at 3:41 pm to
quote:

how much of an impact does this have on your credit report with having some many hard inquires?

Very little. We have great scores. 2-3 on each of our credit per year.
quote:

again, wouldn't this cause you credit history as well as your utilization % to be negatively affected?

We keep several non fee cards open.
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