As the title states.
I turned 18 in November, and since then I've opened 3 cards. A Chase Freedom Unlimited (for dining), Discover Student (for rotation bonuses), and an Amex Blue Cash Everyday (for gas & groceries).
What I'm trying to ask is will this hurt me in the long term? I'm sitting at a pretty good income right now while being a full time student, with a ~5000 credit limit (3000 before until I opened the amex a few days ago & chase giving me a credit limit increase), which I previously was maxing out and paying off without being late.
Credit score is sitting around ~780-810 right now.
Will I be fine as long as I don't open any new credit soon enough?
Opened 3 credit cards after I turned 18… bad idea or no?
byu/AssociationOld5303 inCreditCards
Posted by AssociationOld5303
2 Comments
You’re fine as long as you are not going into debt and making payments on time.
All good all good, as long as you dont carry a balance. The high usage will dip your score, but as long as you dont intend on applying for anything else soon shouldnt matter. Dont credit cycle. Just pay off once a month.