I'm assuming you also got Discover's unorthodox bonus of doubling all your cash back after a year of card membership? You'll have to wait for it, but if you put some spending through the card that bonus could be very lucrative!
email@example.com wrote:Yeah, I am new at this, thought I needed more accounts as I was getting scores and comments saying not enough accounts, but now I know I should have spread them out some, yeah my latest fico on Chase online is 704, and on discover is 742, but newest account just now showing up. Hindsight is 20/20...LOL
Honestly, if you won't need to apply for major credit needs in the near future, your approach isn't that bad. Opening that many accounts at once will tank your AAoA in the short term, yes. But if your next big credit need is financing a car in three years, for example, your credit history will be that much more established by that point.