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Author Topic: Opening Two New Credit Cards  (Read 1618 times)

for-profit noodle

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Opening Two New Credit Cards
« on: March 16, 2018, 12:29:32 PM »
Would it be a bad idea to open two new credit cards around the same time? This is assuming my applications would be accepted. Mint says my score is 800 which seems high.
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kpd905

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Re: Opening Two New Credit Cards
« Reply #1 on: March 16, 2018, 06:10:17 PM »
Are they with different companies?  Some companies don't allow you to grab two cards in a short period of time.
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bacchi

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Re: Opening Two New Credit Cards
« Reply #2 on: March 16, 2018, 11:03:19 PM »
No, this is rarely a problem.
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bryan995

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Re: Opening Two New Credit Cards
« Reply #3 on: March 17, 2018, 08:46:59 AM »
If the purpose is to get a CC sign up bonus (churning), then be careful. Check reddit.com/churning for tips. If not, then you should have little to worry about.
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Rubic

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Re: Opening Two New Credit Cards
« Reply #4 on: March 18, 2018, 04:47:28 PM »
Quote from: (not so) nonprofit noodle on March 16, 2018, 12:29:32 PM
Would it be a bad idea to open two new credit cards around the same time? This is assuming my applications would be accepted. Mint says my score is 800 which seems high.

Please provide context.  What is the purpose for opening these two credit cards?

When churning, I've had as many as 12 cards active at any time (for the sign-up
bonuses) and kept my score > 800 FICO.
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Wow, a phone plan for fifteen bucks!