I signed up for an American Express preferred Blue card and got approved for a limit of $25,000. I have a 830 credit score. I realized that the places I shop don’t accept that card and you have to pay for it yearly so I canceled it.

Then I decided I was going to get a Costco Visa. Once I signed up the credit limit was only $5,000. So I canceled that one. So I stupidly signed up for a Wells Fargo Visa and that was $4,000.

Don’t leave yet and please don’t make fun of me but I’m not done being stupid. I decided I wanted a different American Express card and when I signed up for it the credit limit was $2,000 so I canceled that one.

Again I know I’m fucking stupid but how bad did I just fuck up my credit?

  • FrostBlazer@lemm.ee
    13·
    5 days ago
    1. How much are you spending on your cards every month???
    2. Why not have more than one card for different things, rather than cancelling cards?
    3. You generally want to very rarely cancel a credit card, I recommend finding one with no annual fees and sticking with it. You can always have more cards after all.
    4. A spending limit doesn’t really mean anything if you payoff your credit early, you can always request that your CC company release your credit early once you pay it off early.