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My votes go for Sallie Mae and Discover IT. But I do not know anything about your other cards you mentioned as I do not qualify. If you plan to close your Target card and do not have their debit card it shoud also work for the 5% with Sallie Mae at Target and Walmart. Just beware of the 250$ limit. If you shop a lot at Target I would still keep the card for the 5% as the limits with Sallie Mae could not work out for you.
I don't really shop there alot. I use the Target card mainly at Christmas time for toys/gifts for nieces and nephews. That's why I am so open to closing it out. My only hesitation is that it is my oldest open account....
@Tonya-E wrote:I was thinking of the Discover just to have a card of each issuer in my lineup. The Everyday card was my buffer for the BCP without the annual fee. I previously had the Delta Amex but I had gotten it simply because I was visiting my husband at his duty station quite regularly and Delta was the only airline to fly there. He's retired and back home now, so I didn't need that card anymore. But the credit unions seem to offer better limits and lower APR which is appealing to me in the event I would ever need to carry a significant balance. I will just think on it and try to make the best decision on that. I actually would have no problem closing 2 accounts and replacing it with one single card, if the limit was ok.
Great call with the credit union cards. It never hurts to have a no AF, high CL, low APR card in case of emergency. My CU also recently added 1% cash back on all purchases made with my credit or debit card (as long as debit card is also ran as credit). Might be worth shopping around at your local CUs .
@Tonya-E wrote:I don't really shop there alot. I use the Target card mainly at Christmas time for toys/gifts for nieces and nephews. That's why I am so open to closing it out. My only hesitation is that it is my oldest open account....
It will not affect your AAoA in the next 10 years as it remains on your report. It will only affect your util and from the limit you have that should not be much of an issue looking at your other accounts. That would be no reason to keep it.
@lg8302ch wrote:
@Tonya-E wrote:I don't really shop there alot. I use the Target card mainly at Christmas time for toys/gifts for nieces and nephews. That's why I am so open to closing it out. My only hesitation is that it is my oldest open account....
It will not affect your AAoA in the next 10 years as it remains on your report. It will only affect your util and from the limit you have that should not be much of an issue looking at your other accounts. That would be no reason to keep it.
TheAAOA thing had me second guessing. But if it won't affect me, no reason to worry about that.
@Anonymous
Yes...the CUs are extremely appealing. My local CU has a rate of:7.75 APR and no BT fee. But I am unsure of the types of limits they are handing out. On the other hand I have heard many good things about the limits for NFCU.
@Tonya-E wrote:
@lg8302ch wrote:
@Tonya-E wrote:I don't really shop there alot. I use the Target card mainly at Christmas time for toys/gifts for nieces and nephews. That's why I am so open to closing it out. My only hesitation is that it is my oldest open account....
It will not affect your AAoA in the next 10 years as it remains on your report. It will only affect your util and from the limit you have that should not be much of an issue looking at your other accounts. That would be no reason to keep it.
TheAAOA thing had me second guessing. But if it won't affect me, no reason to worry about that.
@AnonymousYes...the CUs are extremely appealing. My local CU has a rate of:7.75 APR and no BT fee. But I am unsure of the types of limits they are handing out. On the other hand I have heard many good things about the limits for NFCU.
I can't speak for NFCU specifically, but my local CU gave me a limit over double what my highest card was at the time (10k SL with the CU, highest was 4k at the time). Also with no BT fee, but no intro 0% APR. Can't win 'em all !
I'm not especially recommending a USAA card, but there are several things about
having a USAA card that aren't really out there for consideration when card shopping.
USAA values long term membership more than any other financial organization I'm
aware of. Rebates on insurance premiums that rise as the account ages are one
example. On the credit card side, with time they will offer individual terms better than the
best terms they have posted. My USAA visa has a current limit of $25K , the APR is
6.00% with 6.00% also on cash advances with no fee. I've never requested any
CLI's or lowering of APRs over the 23 years the card has been open and I use it
almost never. I'd be extremely reluctant to let it go though. On insurance, on auto loans
and on credit cards, USAA has been 100% perfect in my 23 year experience.
But their cards aren't very competitive on rewards.
I'd put a +1 on the Sallie Mae recommendation.
@bada_bing wrote:I'm not especially recommending a USAA card, but there are several things about
having a USAA card that aren't really out there for consideration when card shopping.
USAA values long term membership more than any other financial organization I'm
aware of. Rebates on insurance premiums that rise as the account ages are one
example. On the credit card side, with time they will offer individual terms better than the
best terms they have posted. My USAA visa has a current limit of $25K , the APR is
6.00% with 6.00% also on cash advances with no fee. I've never requested any
CLI's or lowering of APRs over the 23 years the card has been open and I use it
almost never. I'd be extremely reluctant to let it go though. On insurance, on auto loans
and on credit cards, USAA has been 100% perfect in my 23 year experience.
But their cards aren't very competitive on rewards.
I'd put a +1 on the Sallie Mae recommendation.
6% is oustanding and so is your limit! When I log in I see the lowest rate around 6.9% if you qualify. I do have my auto insurance with them after switching from Geico. I saved nearly $500 a year! I have been definitely looking into them for a card. I know they don't have the rewards, but that to me isn't the biggest selling point.
When I saw this topic's subject title it triggered a thought. Does anyone else remember the NextCard?
NextCard was one of the first credit card issuer to use the internet. It pioneered the use of instant credit approval. The company went public in 1999. Merrick Bank bought the NextCard credit card portfolio in 2002.
Sorry just had to share that. On a side note, I do have a USAA relationship and so far so good.
@bada_bing wrote:I'm not especially recommending a USAA card, but there are several things about
having a USAA card that aren't really out there for consideration when card shopping.
USAA values long term membership more than any other financial organization I'm
aware of. Rebates on insurance premiums that rise as the account ages are one
example. On the credit card side, with time they will offer individual terms better than the
best terms they have posted. My USAA visa has a current limit of $25K , the APR is
6.00% with 6.00% also on cash advances with no fee. I've never requested any
CLI's or lowering of APRs over the 23 years the card has been open and I use it
almost never. I'd be extremely reluctant to let it go though. On insurance, on auto loans
and on credit cards, USAA has been 100% perfect in my 23 year experience.
But their cards aren't very competitive on rewards.
I'd put a +1 on the Sallie Mae recommendation.
Wow! I may have to adjust my future apping plans.