Next Steps to take

[Killerz187]

Hello all, been browsing the forums for a while, picking up all sorts of information as I go along, now I have a few questions of my own.

Right now I have two CC's, a BofA card, 2 years and 9 months old, 100% on time payments, and 5/3rd about 5 months old, 100% on time payments as well.

Limits are 2000 on BofA, which went up from 700 two days ago, and 1000 on the 5/3rd. 

I am currently waiting for my scores to update with my current payments and increased limit, which when taken into account my UTI should drop to ~20% or less.

I am currently looking to expand my credit portfolio with one or two more cards, then proceed to sit on them for upwards of a year without any new apps, but I am currently thinking about also getting a small car loan.

My income is roundabouts of 30k a year, single, no kids, I don't do much travel, maybe once a year, so travel cards aren't really needed. 

My BofA card is currently getting PC to the Cash Rewards card, are there any cards that you guys would recommend for me? I was thinking maybe the Citi Simplicity, or Chase Freedom, or something along those lines.

Thanks in advance for your valuable input.

[-Wade-]

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@Killerz187 wrote:

Hello all, been browsing the forums for a while, picking up all sorts of information as I go along, now I have a few questions of my own.

Right now I have two CC's, a BofA card, 2 years and 9 months old, 100% on time payments, and 5/3rd about 5 months old, 100% on time payments as well.

Limits are 2000 on BofA, which went up from 700 two days ago, and 1000 on the 5/3rd. 

I am currently waiting for my scores to update with my current payments and increased limit, which when taken into account my UTI should drop to ~20% or less.

I am currently looking to expand my credit portfolio with one or two more cards, then proceed to sit on them for upwards of a year without any new apps, but I am currently thinking about also getting a small car loan.

My income is roundabouts of 30k a year, single, no kids, I don't do much travel, maybe once a year, so travel cards aren't really needed. 

My BofA card is currently getting PC to the Cash Rewards card, are there any cards that you guys would recommend for me? I was thinking maybe the Citi Simplicity, or Chase Freedom, or something along those lines.

Thanks in advance for your valuable input.

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Chase Freedom, Discover it and the US Bank Cash+ Signature are great cash back cards

EDIT Also the Cap 1 QuickSilver

[Creditaddict]

Citi simplicity is a pointless card if you don't need bt.

i vote chase freedom and an Amex like BCE

[Killerz187]

What is BT if you don't mind me asking?

[-Wade-]

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@Wade64 wrote:

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@Killerz187 wrote:

Hello all, been browsing the forums for a while, picking up all sorts of information as I go along, now I have a few questions of my own.

Right now I have two CC's, a BofA card, 2 years and 9 months old, 100% on time payments, and 5/3rd about 5 months old, 100% on time payments as well.

Limits are 2000 on BofA, which went up from 700 two days ago, and 1000 on the 5/3rd. 

I am currently waiting for my scores to update with my current payments and increased limit, which when taken into account my UTI should drop to ~20% or less.

I am currently looking to expand my credit portfolio with one or two more cards, then proceed to sit on them for upwards of a year without any new apps, but I am currently thinking about also getting a small car loan.

My income is roundabouts of 30k a year, single, no kids, I don't do much travel, maybe once a year, so travel cards aren't really needed. 

My BofA card is currently getting PC to the Cash Rewards card, are there any cards that you guys would recommend for me? I was thinking maybe the Citi Simplicity, or Chase Freedom, or something along those lines.

Thanks in advance for your valuable input.

---

Chase Freedom, Discover it and the US Bank Cash+ Signature are great cash back cards

EDIT Also the Cap 1 QuickSilver

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Also the Amex BCP 6% on Gro and  PenFed 5% on Gas

[-Wade-]

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@Killerz187 wrote:

What is BT if you don't mind me asking?

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Discover it has a free BT card version

[-Wade-]

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@Wade64 wrote:

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@Killerz187 wrote:

What is BT if you don't mind me asking?

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Discover it has a 14 or 18 month BT card version can't remember the lengh of time at the moment

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[Killerz187]

I'm guessing Bt is balance transfer lol

Those all sound like solid cards to apply for, I'll limit them to like two and age them for a while.

[Crisis]

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@Killerz187 wrote:

What is BT if you don't mind me asking?

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Balance Transfer. 

or the reverse of my dad's initials, but I'm gonna go with Balance Transfer.

[Killerz187]

Forgot to ask, how long does it take for a CLI to show up on your report? I know the HP hit the day after, is it the same for the new limit or do I have to wait until my next statement pops up