Thread: Too Many New Accounts?

Will having too many new accounts, like around 5 or 6 within 6 months make banks CLD or close my current accounts? Or a better question could be which banks/CUs are more strict with having too many new accounts besides barclays?(I know they are famous for this which is why I don't have a TL with them.) The INQs aren't such a big deal because I have been trying to split my INQs between the 3 CRAs. Any advice would be appreciated, thanks.

as long as you are using them and paying your bills in full, I don't see why banks or credit unions would care.

I don't see anything wrong with 5 or 6 new credit cards as long you are able to manage them well. Your current account will be closed if you don't have any deposit on it for a certain period of time. However, having too many accounts or credit cards is often the cause of uncontrollable credit card indebtedness that leads to people seeking debt help or relief.

I gave in and applied for chase freedom, instantly approved for 3500. Thank you all for your advice.