CarefulBuilder14 wrote:Happy to see you got approved.
Others know more, and I'm probably more at the app-conservative end of the spectrum here, but I'd suspect that applying for five cards in one day is reasonable only if you have a very long and broad credit history, or if some cards are with repeat issuers. I expect Amex and Chase are a lot more friendly when it comes to opening multiple cards at once than, say, Barclays is. I'm guessing some of your current accounts are a few years old to have a near-800 FICO.
However, (if someone with a short credit history and only one or two cards is reading this) it is possible to have a fairly high FICO score (maybe 760) with only a short but clean credit history. You are not in the same credit situation as someone with a longer history, half a dozen cards, and a similar FICO.
I don't know what the right frequency is for applications, but 5 in one day on a high-FICO but thin file would be overkill.
Although 5 in a day for a thin file is overkill, there are decent reasons from a small app spree (not the myfico craziness) with a short credit history. The more cards you rack up while you've got your short history, the less of an AAoA hit you'll take when you apply for a card in the future. I've got less than a year of history and have all the cards I could meet right now. If in a couple years I end up needing something different because of a lifestyle change, my AAoA won't crash like it would have had I just kept my Bank of America card.
Nyctory, basically, just get what you need. If you do go for an app spree, don't go insane if you have a thin file. Even with a year of history, I'm still taking a 15 point hit per app.