While back I posted about woes trying to get credit card that provides a nice incentive to spend money after you open it. For example, $200 to you after you spend 500 or a kilobuck etc. The quest netted some “screw you” letters and some dinky cards, along with the necessary inquires.
Today I think I understand the excuse… It is not:
- Score (over 800)
- On time payments (always)
- Length of credit history (decades)
- Amount owed vs credit limit (2%)
Instead, the excuse is “Too may recent bank cards opened!” That would be the stupid Capital One cards each well under $1000 credit limit. So what is too much?
In this case, 3 opened in 2021 and one in 2022.
Does anyone have a sense of how long to let it steep? I am thinking a full year…