Waking up this thread because I received my Chase Platinum Visa today and I wanted to update you guys on the terms and make a proprosal and see what you guys think about it. So, the terms:
Limit: $300
Interest: 22.74% (Prime + 14.99%)
No AF
3 Months no interest
Obviously, this card is a keeper because it is with a bank that will reward responsible credit usage, which is what I have resolved myself to. I want to eventually maximize the terms of this accout with CLI's and lower interest rates. This is, however, tied for my lowest CL currently. Here are my other cards:
HSBC Gold MasterCard: $1200, no AF, 14.4%
Capital One MasterCard: $500, $39 AF, 18.4%
Capital One Visa: $300, $39 AF, 12.9%, Cash Back Rewards
Hooters MasterCard: $3000, $72 AF, 26%
I am planning on combining the Capital One cards whenever the Visa reaches $500 after the automatic CLI off of the credit steps program. Should be April. The first Capital One card I got (MasterCard) was a pre-approval I got in the mail, the second I made on Card Lab. If I would have only known about card lab earlier and that Capital One was so liberal with decent terms.... I feel like they gave me a bad deal on the pre-approval after looking at what I got on Card Lab.
So, after all of that, on to my plan to get Chase to trust me. Along with improving my score over the next year, I am planning to almost max out the Chase card and PIF every month, while keeping all of my other balances under 10%. I think by doing this, I will show Chase that I am being loyal to them, while still being responsible with my credit. Anyone else think my overall master plan is good? I'd love to hear all of your reponses.
Scores: TU (FICO8): 781, EQ (FICO8): 798, EX (FICO8): 788
In my wallet: Chase Sapphire Preferred: 16,000 | Chase Slate Edge: 8,100 | Bilt World Elite Mastercard: 16,000 | Fidelity Rewards Visa Signature: 8,500 | PenFed Visa Gold: 12,500 | Penfed Pathfinder: 15,000 | Apple Card: 6,500 | Lowe's: 35,000 | Northern Skies FCU Platinum: 15,000 | Kohls: 3,000
Mortgage 11/20
