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The thing to remember with Chase is that asking them to reconsider a CL is another HP, but so is applying for another card on the same day.
So the way to get a higher Slate limit if the original limit isn't enough is to then apply for a Freedom or whatever in an incognito browser window. The two HPs combine if they're on the same day. So if you get declined for the second card it doesn't matter.
If you get approved for say, 6k on the Slate and 4K on the Freedom, you can then ask Chase to move 3.5k from the Freesom to the Slate.
Just something to keep in mind.
Ok, please remember your words were “I'm open to any advice you all are willing to provide” and I’m a Dad and a guy that’s worked with folks with regard to financial health for well over 20 years. So I say, what I say with love and CONCREN, friend
1st off before I forget …of course you can’t allow that A/E % rate to kick in, it’d be criminal to ‘volunteer’ to pay 22.49% on almost 3k.
2nd, it’d be against responsible stewardship NOT to advise that although you can get out of this type of scenario, yet again at 25, after you said you’ve gone through your “young-didn’t-know-any-better” stage, once already…you MUST ‘reprogram’ yourself or you’re gonna really, really set yourself up for way more B.S. in your life than you need…..
Trust me, life will throw you enough beyond your controllable B.S. to deal with…PLEASE don’t continue adding MORE crap for you to dig out of over-spending adding un-needed stress can ruin more areas of your life, than you can even imagine.
Like it or not….you gotta start living within the MEANS of a person that makes $600/wk BEFORE taxes or make more $$$.
Again not trying to be a jerk but LOOK at that number $600/wk before taxes…and then look at the acquired w/o a gun to head debt….it just will never work, you're shooting yourself in the foot.
Ok, a car note is a car note no biggie…however the long run answer is one with that income just CAN NOT have multiple CC’s with 1000’s of dollars REVOLVING in debt, period!
PB&J Top Ramen …whatever you need to do …please SAVE yourself…..our culture has lead too mny of you young ppl into using these cards like video games but I’ll say it for the last time REPROGRAM your thinking about how to use ‘debt’, it isn’t worth what you’ve already OVER-PAID for and what you’ve now have to pay your way out of again at only 25.
Ok, I’ve said and done my Dad bit….
This may need to be a Texas 2-step process….
Yeah, I know the ‘sexy’ option is to BT to yet another card…but as you have already said the gamble there is a) credit line and b) the promotional term are both crap shoots
I really prefer that folks go ahead and grab a PL…obviously that comes with a FIXED rate and fixed term..both of which are ‘suggestions’ because you CONTROL how much % and how long you take to pay off your debt.
Too many times ppl get LOST in the ‘hey’ but the ‘rate’ is…and I have to ‘remind’ folks that the plus of a fixed rate PL is
1) the term is just the MAX amount of time if you ‘slow’ pay the loan…the actual % paid has to do with how long you take to pay …ie if the ‘required’ payment is $100 on that 5k loan over 60 months…what’s topping you from chopping down that tree at $200-$300/mo and you’d pay nowhere NEAR the amount of % listed as your loan would disappear way prior to 60 months….duh?
2ndly by getting an installer to decrease to debt ratio reflect on one’s credit profile, may of course shot the credit score UP enough to get a 2nd loan (step 2 of the Texas 2-step) if one can’t qual for a big enough loan to soak up the debt in the 1st place.
Also once the 1st PL takes away some debt, again making the revolving debt ratio ‘look’ better…the profile may now get BT offers based upon how the profile appears (Again, the DANGER here Is…often times once the cards are clean and CLI’s are awarded (b/c catch-22…it looks ‘good’) ppl go create MORE overall debt…please don’t fall for that!
Moving the debt to PLs and/or low % BT CCs is just a tactic but the dollar amount still has to be aggressively attacked.
IMO just be careful not to over-extend yourself ‘promising’ yourself that a 12 month % BT CC promotion is enough time to pay off a debt that may actually be less stressfully paid off with a fixed rate PL over 20 or 25 payments…forget about ‘if’ it took 60 months…it’ll take only as much time as YOU let it…if you just STOP the % from revolving, you’ll save a bunch of money.
The best thing about a term loan is …you see the MAX amount of % you’ll pay IF you use the entire term…to me it becomes a CHALLENGE to see how much LESS I can pay
Good Luck
Any ?s ask or PM