4 ms·
Personally I have 20 cards, most of which were aquired over a couple of years ~8 years ago. You can apply for 6 cards every 6 months or so (2 per bureau assumin
by NavinF 4y ago
Personally I have 20 cards, most of which were aquired over a couple of years ~8 years ago. You can apply for 6 cards every 6 months or so (2 per bureau assuming they only do one hard pull) without significantly reducing your credit score for the next year.
I'd guess the limit is ~400 right now since you'd have to start collecting decades ago.
- balderdash 4y agoWhy? And why not pair some back?
- NavinF 4y agoA much better question is why pare some back? Closing credit cards that don't have an annual fee has zero benefits. That said, I'll answer your question: One component of your credit score is AAoA (average age of accounts) and it takes a hit when you close an account and it gets deleted from your credit history after a couple of years. So if you wanna minmax an 850 and get very favorable terms (well below inflation) on every loan (cards, cars, mortgages, etc), having very old accounts with a small/zero balance is optimal. (For the same reason, closing recently opened accounts can improve your score after they get deleted from the credit report a couple of years after you close them)