How many credit cards is it possible to apply for until they stop you?
So, can I ask a stupid question? Can I just keep applying to cards with bonuses? Except for restrictions like 5/24, can I just wind up with 20 cards? My credit is excellent, will it screw it up? Is there no downside other than total credit available ->> utilization changes to closing a credit card? What’s the catch?
I have about 6 free cards at the moment, and I just got my first paid one (IHG, but I hate them now). So over the next year could I conceivably get 4 paid cards with bonuses and then cancel or downgrade next year to avoid the annual fee? I always thought that was suspect. Was I wrong?
I do have a Chase Ink card, but the business it was associated with no longer exists. Does it matter or can I open business cards as well?
Log in to reply.