Originally Posted by
dovergator
I don't own a home but in the next few months I will be actively searching to buy one.
- Will applying for three cards nail my credit score hard enough to disqualify me for financing on a home.
- What happens when I don't want to keep these cards for over a year (when you have to pay the annual fee).
Since you are planning to apply for a mortgage, I would not get any new cards. Getting the lowest rate on a mortgage is far more important than a credit card bonus.
You usually do not want to apply for any new credit cards within six months of applying for a mortgage. With your thin file you could take a significant short term hit with three new cards showing up if you currently only have 4 tradelines on your report. Since your file is so thin, three new cards would hit your average age of accounts pretty hard.
I would not apply for any more credit cards until after you get your mortgage.