Originally Posted by
tassojunior
I've gotten 20 something cards in past year and my credit score has gone up 25 points. The "hits" of 2 points each only lasted for a month or two while the available credit not used increased my score.
Of course just the number of inquiries alone can be a reason for more cc denials but I haven't hit that yet. (On every app-o-rama I keep thinking This is it). And I don't know what effect all the inquiries could have on any re-financing I may do in the future.
My FICO is in top 10%, my Vantage in top 5%, I own my home with 25 years payments on mortgage, so I may be different.
This doesn't make any sense? I would think with 20 new cards in 1 year you would drastically lower your average age unless it's heavily weighted with many years already, and those additional cards this year signficantly reduced your utilization. So what's your strategy on applying? Oh, I'm just now seeing the 25yr mortgage.