- Centurion Member
- Posts: 1157
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
The only one I have is Discover and I love it! It is a lot of apps but you have some great cards and are in with prime lenders now.
I think you should open all of them, get all of the introductory bonuses (or all you can if that requires too much spending), and then use them however you best see fit for your needs. Just remember the cardinal rule of credit cards: always ALWAYS pay in full! Don't let all these new credit limits impact your spending and don't buy anything if you aren't confident you can pay it off within the month.
From a credit score perspective, all the damage is already done. The inquiries you took are a sunk cost - you are stuck with them for two years no matter what so you might as well enjoy the cards. It won't hurt you at all to use them and the improved credit limits and utilization will help you. Again, use all of them you want to maximize your rewards, but I would recommend only letting one of them report a balance and keeping that balance around 10%. You just have to time your payments around this to do so.
EX - 809 (11/16) | TU - 803 (11/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now