Originally Posted by
bigshooter
For those that open a new card every 33 days or so, how many do you keep open? I was approved for another, with 4 prior all at $2000 CL each. When I go for a 6th next month should I cancel the oldest one first? I've seen DP of people with 6 cards open at once, but not sure how common that is.
I used to keep them open for a year (or as close to it as possible), so that they would look better on my credit report in case I had to go through manual recon with another issuer. Now, like most people in this thread, I'm pretty much 100% locked out of cards from anybody else (way too many recent apps), so there's no longer any point to that. I've had as many as 6 per person open before, but now I'm always at half that or less.
The only exception is cards that may have a refund coming. It's easier (and more under the radar) to keep those open and get the refund than to get a refund on a closed card, request a check for it, etc.