Opening a third credit card for a 21 year old - worth it or avoid it?

[Anonymous]

I have two credit cards - a Discover card I've had since 2012 and an American Express card since August of last year. My FICO score (according to Discover) is 759.

I'm wondering if it would be wise to open another credit card at this point or if I should sit with the two I have for a while. My AAoA is only about 2 years and I know opening a new card will drop that (and probably my credit score, too).

Any advice? If yes, any suggestions for a card with good rewards for dining/entertainment redeemable on travel? The Chase Sapphire Preferred Card has caught my eye for that but I figured I'd see if anyone else has a suggestion with similar benefits.

Thanks!

[surehit]

I'm personally a huge fan of my CSP, definitely the card I use for pretty much everything unless I have another card that gets significantly better rewards in that category. The Chase Freedom wouldn't be a bad choice to start with if you have any concerns about getting approved though. 

[Anonymous]

I could be wrong, but did you post this earlier today? i remember reading it

[Anonymous]

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@surehit wrote:

I'm personally a huge fan of my CSP, definitely the card I use for pretty much everything unless I have another card that gets significantly better rewards in that category. The Chase Freedom wouldn't be a bad choice to start with if you have any concerns about getting approved though. 

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Speculating, does it seem that my chances of getting approved would be high? Credit is perfect, no missed payments, low utilization, and relatively high score for this point in my life. Income is $32k. Any ideas?

Also, I did post earlier today regarding a different issue but included some similar information in my post, which might be why it seems familiar!

[Anonymous]

I recommend going for the Barclay Arrival+ ! (lower AF)

And yes, I think you should get a third...I'm 18 and I have 3, lol. 

[Anonymous]

What are your credit limits?

I think a file with only 2 cards on it is too thin. About 5-6 well managed accounts would be better.

[Anonymous]

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@Anonymous wrote:

What are your credit limits?

I think a file with only 2 cards on it is too thin. About 5-6 well managed accounts would be better.

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$7,500 with AmEx and $2,000 with Discover. Just recently requested CLIs on both accounts, pretty sure I was denied for the AmEx CLI as I received the 7-10 day wait notice, and I just requested one for Discover today and was told to wait two business days.

[Anonymous]

thin and clean files are fine don't worry

[heyarrnold]

It depends. Do you need another card? And willl the reward structure benefit you in anyway? I am 22 and I have 8 cards. But they all work well with my spending patterns. So whatever 3rd card you're going to get, get it because it adds value to your portfolio. Blindly applying just for the sake of applying is not worth it IMO. 

[Anonymous]

Youd probably get approved for the freedom no sweat but its the same bank pulling report so go for the one you want. Check prequal? Id get the freedom anyway as we see time and time again discussed here  they are good together with the points. If you tire of csp and it's not a fit, you then have a well established freedom to move credit limits to.

I expect to see an approved thread started from you tomorrow. Now go play. (because i cant)