Re: Credit Card Whoring
When you apply for credit cards, they do "hard pulls" which show up as inquiries on your credit report. This negatively affects your score for something like 6 months to a year. Also when you receive new cards, two things happen. Your credit limit increases- which improves your score, but your average card age decreases- which lowers your score. So if you were looking to get a loan within the next year, I wouldn't go on an app-o-rama. Otherwise, getting cards now and keeping them *CAN* be a wise choice (depends on if you are responsible or not).
So if you apply for a few cards, it would be pretty silly to cancel them. Also, the earlier you receive a card the sooner you can apply for a credit limit increase.
The cards with bonuses (that I know of) are the amazon.com card ($30), sonycard ($100 credit), and the att card ($50 gift card).
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