Annie H.
Egalatarian
I confess I've been doing this half-ass for the past couple years mainly because we wanted to buy a house and didn't want to mess up our credit. Now that's over and I'm ready to go but I keep seeing all sorts of conflicting advise. I also keep seeing folks talk about having several of the same CC and other kinds of churning and I'm intrigued. But then I see advice about HPs and danger of too many apps per in 90 days.
Let's say I have income of--$75K (not my real name and total credit across 10 CCs of $95k, $20K as an UA and $25K for a business card (I've seen different reports as to how business credit counts w/regard to individual credit). That's $140K, 800+ FICO and 1-2% utilization. I can't seem to get any sort of data points on how usual, unusual this is. I'd love to apply for more cards -- (got UA Exp business and Citi AA 3 weeks ago, app for Barclay's US Air is pending).
It seems me that I'd be better off either lowering the limits on some of my cards or cancelling them outright in order to make room for more cards/CLs. Why or why not? I'm about to let my UA Exp go because AF is due and I don't expect a waiver 3rd yr. Should I ask to transfer the CL?
I'm going to do recon on US Air and wonder if I should ask to transfer CL from Arrival Card. I'd like to drop Arrival anyway since it wasn't obtained with a bonus and I'd like to apply down the road.
Any and all comments are very welcome and thanks!
Let's say I have income of--$75K (not my real name and total credit across 10 CCs of $95k, $20K as an UA and $25K for a business card (I've seen different reports as to how business credit counts w/regard to individual credit). That's $140K, 800+ FICO and 1-2% utilization. I can't seem to get any sort of data points on how usual, unusual this is. I'd love to apply for more cards -- (got UA Exp business and Citi AA 3 weeks ago, app for Barclay's US Air is pending).
It seems me that I'd be better off either lowering the limits on some of my cards or cancelling them outright in order to make room for more cards/CLs. Why or why not? I'm about to let my UA Exp go because AF is due and I don't expect a waiver 3rd yr. Should I ask to transfer the CL?
I'm going to do recon on US Air and wonder if I should ask to transfer CL from Arrival Card. I'd like to drop Arrival anyway since it wasn't obtained with a bonus and I'd like to apply down the road.
Any and all comments are very welcome and thanks!