How many cards allowed, and how to justify more?
Sep 7, 2022, 2:24 pm
#1
Original Poster
Join Date: Dec 2021
Location: CMH
Posts: 217
How many cards allowed, and how to justify more?
I've recently been rejected for a few cards (Barclays AA Red & Venture X), and both rejections mentioned having 'too many open cards'.
My credit score is good (around 805), and no delinquencies, but I do have 13 open personal cards ranging in age from 10 years, to 1 year.
I keep each card for a specific purpose, so would prefer not to close any, but I will do if it's actively stopping me from getting new deals.
Does anyone have any thoughts on what the ideal number of open cards is?
My credit score is good (around 805), and no delinquencies, but I do have 13 open personal cards ranging in age from 10 years, to 1 year.
I keep each card for a specific purpose, so would prefer not to close any, but I will do if it's actively stopping me from getting new deals.
Does anyone have any thoughts on what the ideal number of open cards is?
Sep 11, 2022, 4:01 pm
#4
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I've recently been rejected for a few cards (Barclays AA Red & Venture X), and both rejections mentioned having 'too many open cards'.
My credit score is good (around 805), and no delinquencies, but I do have 13 open personal cards ranging in age from 10 years, to 1 year.
I keep each card for a specific purpose, so would prefer not to close any, but I will do if it's actively stopping me from getting new deals.
Does anyone have any thoughts on what the ideal number of open cards is?
My credit score is good (around 805), and no delinquencies, but I do have 13 open personal cards ranging in age from 10 years, to 1 year.
I keep each card for a specific purpose, so would prefer not to close any, but I will do if it's actively stopping me from getting new deals.
Does anyone have any thoughts on what the ideal number of open cards is?
Sep 11, 2022, 5:18 pm
#5
Moderator: Budget Travel forum & Credit Card Programs, FlyerTalk Evangelist
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Yup, forgot to post earlier that many posters said they had a score or more open cards.
Sep 12, 2022, 7:22 am
#6
Join Date: Oct 2015
Posts: 226
How to justify a larger than average number of...
How to justify a larger than average number of credit cars when applying for a new credit card? Cap1 denying VentureX base on too many lines of revolving credit. No definition of “too many” and no one will discuss. That said it appears the reconsideration line is open a viable justification for higher than average number of credit cards...no idea what average is either...would say apx 17 personal cards (one HELOC with zero balance) all in good standing and fair usage.
What reasons might a credit card company accept as justifiable reasons why a prospective customer would have ,any open lines of revolving credit?
What reasons might a credit card company accept as justifiable reasons why a prospective customer would have ,any open lines of revolving credit?
Sep 12, 2022, 8:39 am
#7
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I dunno… how do you justify it to yourself? I have WAY more than the average number of cards per American (random link courtesy of Google) and generally require that each card offers ongoing benefits that justify holding and perhaps using it. That may be bag fee waivers, annual free nights, insurance, elite status, …
But not sure that this appeals to reconsideration lines. They probably are primarily interested in card holders that are going to be profitable to them.
Given my aggregate credit limit and my average monthly usage, I don’t think I could justify the need for yet another card with the need for more credit.
But not sure that this appeals to reconsideration lines. They probably are primarily interested in card holders that are going to be profitable to them.
Given my aggregate credit limit and my average monthly usage, I don’t think I could justify the need for yet another card with the need for more credit.
Sep 12, 2022, 9:12 am
#8
Original Poster
Join Date: Dec 2021
Location: CMH
Posts: 217
Wow, good to know!!
I really want to get the Venture X, and was looking at which of my cards I should close. I won't bother closing any of them given your experience.
I'm also at 7/24 and around 11 hard-pulls on each credit report, so there are other reasons for the denial too.
I really want to get the Venture X, and was looking at which of my cards I should close. I won't bother closing any of them given your experience.
I'm also at 7/24 and around 11 hard-pulls on each credit report, so there are other reasons for the denial too.
Sep 12, 2022, 2:01 pm
#9
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Wow, good to know!!
I really want to get the Venture X, and was looking at which of my cards I should close. I won't bother closing any of them given your experience.
I'm also at 7/24 and around 11 hard-pulls on each credit report, so there are other reasons for the denial too.
I really want to get the Venture X, and was looking at which of my cards I should close. I won't bother closing any of them given your experience.
I'm also at 7/24 and around 11 hard-pulls on each credit report, so there are other reasons for the denial too.
Sep 12, 2022, 2:09 pm
#10
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I have a lot of open cards, but I also have a very long relationship with C1 dating back to the 00s, so I got a Venture back in 2019, which did the following evolutions:
Venture->VentureOne->QuickSilver->VentureX
I previously closed a Platinum that changed to a QS and subsequently opened a SavorOne.
Venture->VentureOne->QuickSilver->VentureX
I previously closed a Platinum that changed to a QS and subsequently opened a SavorOne.
Sep 12, 2022, 7:44 pm
#11
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Location: CMH
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Sep 19, 2022, 9:06 am
#13
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Location: CMH
Posts: 217
Thanks, I'll checkout your posts. P2 already has a VX, so we're all good there, I'm just being greedy for the extra bonuses (referral and sign-up).
Sep 19, 2022, 7:46 pm
#14
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