Originally Posted by
sam007
Guys
Sorry but could not find the right board for this question
I want to apply for 3-4 credit cards to take advantage of offers – already have three 75k Citi cards from 10 months ago which I'll cancel soon. After I cancel them, I'll be left with 5 credit cards
I may be applying for my 1st mortgage in about 3 months. My current score is 775. Do you know if raking in 3-4 additional cards in the next few months will possibly harm my home mortgage application? Will the bank see me as someone who has too many revolving accounts? Mind you my debt to credit ratio will remain low at about 5%
Thanks!
Don't do a thing until you have your mortgage closed. It is impossible to tell what will happen with those actions so better safe than sorry. And no major purchases either.