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How bad did I fuck up? (lemmy.world)

submitted 1 week ago by [email protected] to c/[email protected]

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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?

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[–] [email protected] 9 points 1 week ago (4 children)

Opening and closing a new accounts has literally no effect on your credit score.
The credit agencies pulling your report has a pretty minimal and very short lived.
Your score was an 830. I'll be surprised if it dips below 800. And that is still exceptional.

Unless you have an immediate need to get a really good interest rate, you should not lose any sleep over this.

[–] [email protected] -1 points 1 week ago (3 children)

Experian says 795 now. I'll be ok. I have no purchases coming up, so I'll just wait it out.

[–] [email protected] 8 points 6 days ago (1 children)

I don't think you understand how excellent your credit is. Most banks won't extend different offers for an 830 and a 795. The amount of emotional energy you placed in this score isn't commiserate with either your actions or your score. It sounds like you're not using much of your credit and you're a high earner. You'll be fine. You'll be better than fine honestly. You are well positioned to have access to money to get mostly every material need you want with little hassle. You are more well off than the last majority of people in this world. Appreciate that.

[–] [email protected] 2 points 6 days ago

I certainly understand that and appreciate that. I might be an idiot, but I'm not stupid.

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