just got apporved for citi simplicity. i was wondering if i just open a card for the 0% balance xfer and close it in 2 years?
does it harm my fico? if i reapply for another citi card after will they deny me?
FYI i got approved with CL 9k... i called them right after and asked them to increase 14k because i wanted to balance xfer.
i think they did a hard pull and i got the increase.
Depending on the current terms, I would just leave it open and sock drawer it.
In my Snoopy holder: NFCU Flagship Sig Visa-- $11K | Chase Freedom -- $2500 | AMEX BCE -- $2000 | Amazon Visa -- $2000 | Discover It $1500| Old Navy Visa -- $1000 | Target Red Card -- $300
TU (Disc Pull 4/29/13) -- 752 | AmexEQ (6/13/13) -- 728 | AmexEXP-- 737 | AmexTU-- 737 (5/28/13) Goals: 740 EQ/EXP/TU Gardening until 12/3/13 -- or longer
I was reading up on options with Citi earlier because DH has a "Citi Cash Returns" card that doesn't seem to exist any longer and he's been advised by their CSRs to just app for a new card since this one is no longer carried and they'll never adjust his APR/CL.
From what I've read it can be a bit of a pain, but if you go through a supervisor they can transfer the CL of one card to another after it's over a year old or out of the promo period (whichever is longer). So if you picked up the Simplicity purely for the BT offer and intend to get a Citi rewards card at some point - transfering over that Simplicity line might be something to consider, or even just trying to PC it to something else.
Start 2/2008: TU 495 || EX 539 || EQ 528 Now 5/2013: TU 716 || EX ??? || EQ 702
Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL (2 derogs to go until I'm squeaky clean in 2014!)
