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MNJon t1_iuii69e wrote

Inquiries, new accounts, and average account age are all taken into consideration by credit score algorithms, so I'd probably guess that you'll see a 20-point or so drop in your credit score if you open 3 new credit card accounts. If you are looking at making a major purchase in the near future, this could affect the interest rate that you are offered.

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madchad90 OP t1_iuiibp5 wrote

Yeah I will probably spread out my applications over a few months

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ahj3939 t1_iuinxpo wrote

The drop is credit scores is mainly from the age of newest account, so it doesn't matter if you open 1 new account or 5 -- the impact will be about the same.

If anything spreading out the new accounts will keep your credit scores lower for a longer period of time.

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