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Question By
mrbumblebee

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more or less credit cards
I can only get approved for 1,000 credit limit for any credit card i

apply for.would it hurt me to get 5- 1,000 credit cards and use 3 of them and leave a 0 balance on 2 of them.i'm thinking about security back up and utilization.i'm a poor person.$850 a month i get.

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You will not succeed!

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Every time you apply for a credit card or any kind of loan, the credit grantor will do a hard inquiry of your credit report before they decide to issue you the credit card. Having said that, even in the best scenario, say you have applied and received 2-3 credit cards, normally you have to wait around 6 months to a year, or maybe more, before applying for a new one. It is because a credit report with a lot of credit inquiries in a short period of time will look risky to credit grantors so they will most likely not approve you for a new loan. It is even harder in your case because of your low income and low credit limit on your current card(s).

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