I was in Target today shopping for a bunch of little stuff, which added up to about $70.  When I was checking out, the cashier asked me if I'd like to save 10% today.   I said "Of course, but not if it has anything to do with MORE credit".  She was a little taken aback, but eventually assured me I could cancel the account if I didn't want more credit.   That tactic didn't work either.  Afterwards, I got to thinking this is how people get into trouble and why some of them cannot get financing for a home.    Everyone wants you to have their credit card!

Unfortunately, this works with a lot of people, and is one reason FICO credit scores go down.  I'm not saying you shouldn't have credit cards because they are very handy.  I have a few myself.  BUT, the point is getting more just because you can is not a good thing.   

I've actually heard of people going out to buy a car while they have a house sale pending... and it kills the deal because their debt to income ratio is now too high.   If you are going to buy a new car or apply for more credit, do it AFTER your house deal is closed... or when you are sure you're not going to want to refinance for a significant amount of time. 
Just a passing thought....

 

Have a great week-end,

Carol