Credit Score of 666: How Long 'Til I Can Re-Apply For New Cards?

**toad** · Jan 25, 12, 7:42 pm

I have decent credit. 666 credit score from credit karma. 1 derogatory mark that should come off within 1 year. 11 credit inquiries, 14% utilization. 100% on-time payments.

Credit inquiries should be coming off this March/April. About 4 in total.

Do you think I should be okay to start applying for promotional cards again in June?

I have been denied by Citi/Chase/Barclays after getting approved for a total of 5 credit cards in 2011. As a result my available line of credit had increased by 5x as well.

These are the list of cards I have acquired in 2011.

FIA Amex 2% Cashback
Citi AA 75k Visa
Citi AA 75K Amex
Chase Continental OnePass 50k
Chase Priority Club Visa 80k

What are your thoughts?

**PlatinumAMEX94** · Jan 26, 12, 11:08 am

How long have you been using credit? How is it you have been denied by Citi/Chase and yet you have these cards, with extremely high credit lines? Why are you acquiring so much credit? If I was a banker/credit analyst, I would wonder why you don't just use what you have, instead of applying for new credit. 5 credit cards in 1 year with 280K available credit already seems a little excessive.

**toad** · Jan 27, 12, 6:17 am

I have 15k available. I have 3 cards that account for 10k of it that will close in July. I do maintain 5-6k balances and pay them in full.

I sign on for the bonuses and keep the cards that are worth keeping. This year I look forward to getting the SPG Amex with a 30k sign on bonus as well as a airline credit card that has at least 50k attached to that bonus.

**PlatinumAMEX94** · Jan 27, 12, 1:28 pm

Originally Posted by toad

I have 15k available. I have 3 cards that account for 10k of it that will close in July. I do maintain 5-6k balances and pay them in full.

I sign on for the bonuses and keep the cards that are worth keeping. This year I look forward to getting the SPG Amex with a 30k sign on bonus as well as a airline credit card that has at least 50k attached to that bonus.

I misunderstood the "K" after each card as your credit limits. Is there a reason you are so intent on obtaining credit? Most people don't apply for credit for the hell of it. There is usually a reason, like, you can't afford it and need to finance it. Creditors are always afraid you may overextend yourself.

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Credit Score of 666: How Long 'Til I Can Re-Apply For New Cards?