Hi i am relatively new but have been lurking here for a while.
Some of you may have seen the post on the Nationwide Bank thread, for you guys this may be a refresher.
The situation:
I am 24 and one year out of college. I have a good Job as a Nationwide Insurance Agent
After major problem getting a credit card (did not have one prior to graduation, always just paid cash/debit) despite my immacualte almost 4 year auto loan history i was approved for a Ochard Bank card with a 300cl back in Feb. Wednesday i applied for that nationwide card and was instantly approved.... found out today for 3,500 at 11.4 or so APR.
more background
-i have no debt for student loans, just a car loan i have never missed
-i am looking to marry in about 2 years(1 of which spent engaged)
My goal is to be financially sound as possible when it comes time for the wedding. I also have a potential home purchase on the 2 year or so horizon. I want to maximize my credit scores and push hard to move up through the levels. I currently still have the crappy orchard card and the nationwide card is on the way. These two cards are my only revolving debt with my auto loan being my only installment.
THE QUESTION:
i am contemplating apping for the Amex as i was sent for a pre selected Green offer (i might opt for zync though). I thought of doing this with the intentions of using this card to replace my debit usage and reaping the rewards. I have heard some interesting info on how Amex reports and am concerned my thin file might amplify any bad effects.
Also- Should i close the orchard account and attempt to get a different other credit card with a matching limit instead of getting the Amex? or should i just sock drawer the orchard and let it report 0 and play the report date/post date games on my new nationwide card to report a low Util.
Any advice will be welcomed! i am new but i am soaking in as much as possible through this wonderful sight..........i also signed up for SW so im hoping to stay ontop of things!
