- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Any negative for having too many CCs open?
Posted on 7/23/14 at 6:50 pm to TigerTatorTots
Posted on 7/23/14 at 6:50 pm to TigerTatorTots
Open? No. The act of opening? Yes, but temporary. And you don't want to open a new line shortly before say, a car or home loan application.
Then from there its just an issuer specific decision if they want to extend you more credit, which has really nothing to do with your score at that point.
For example, I have 3 Chase Personal cards and 2 Chase business cards (and something like 10 credit cards total). For me to get a 6th card, I'll probably have to cancel one and replace it with whatever I'm getting, but another bank like Citi would probably approve me for whatever I wanted since I have none with them.
Then from there its just an issuer specific decision if they want to extend you more credit, which has really nothing to do with your score at that point.
For example, I have 3 Chase Personal cards and 2 Chase business cards (and something like 10 credit cards total). For me to get a 6th card, I'll probably have to cancel one and replace it with whatever I'm getting, but another bank like Citi would probably approve me for whatever I wanted since I have none with them.
This post was edited on 7/23/14 at 6:54 pm
Posted on 7/23/14 at 7:10 pm to Teddy Ruxpin
We won't be opening a new line for about 6-8 months when we buy a new house. No cars for at least a year. I only have 3 cards, one being issued from my company so I'm not sure if that counts as one of mine despite having my name on it (I hope it doesn't b/c my manager approved my expense report late twice which caused late payments). Anywho...I'm an approved user on a 4th card, but that is one that my parents opened when I was born so I don't touch it. Looking to cash in on some of the cash back and rewards deals going on by signing up for 1 or 2
This post was edited on 7/23/14 at 7:11 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News