Originally Posted by
jmw2323
Not sure if this is the right place for it. Move it if necessary
In the last 18 months, wife and i have applied for 20 or so credit cards between the 2 of us. Only got completely denied once. Had to talk Chase into another but it was very easy.
We are buying a house in the next 6 months or so and just got approved for a jumbo mortgage at the lowest rate possible. have cancelled a few of the cards in the last 6 months and lowered the credit line on most of them.
Highest of the 3 FICO scores for each of us was about 745 for me and 765 for the wife.
Laying low for more offers until after the home closing
I would have thought cancelling cards and having them reduce your credit lines would be more harmful to your credit rating than recent inquiries as it would increase your % utilization. Be prepared to explain any inquiries in the last 90-180 days based on my recent experiences refinancing.