Opinions Please! I think I have lost it.

[staifokuzed]

Hi everyone.  

Over the weekend I filled out a preapproved application at DCU for Auto Refi.  I didnt hear anything so deceided that I would call.  We went through the basics and I was approved.  So happy from 8.83% to 1.74%.  Then she hits me with I have an approval for a Visa 10k limit @ 9.5%.  This would be my first 5 digit and my current low apr is 19.99%.  I thought I have no immediate use for it and that I a member this Credit Union.  The limit will have better use elsewhere.  I definitely came unglued for a moment or 2.  I was tripping over my words as I told her it was highest limit and lowest rate.  But I took a deep breath and said thank you but I have to decline.  I just got the Amex Everday at the begining of the month with 15 months 0% so that will get any balances if need be.  So what would you guys do?  You think I made a mistake?  I pretty much made my mind up to change my decision.  The approval is good till June if I would want to though.  Thanks for input everyone.

[gdale6]

Personally I would not have turned down a card with an APR of 9.5% if all I currently had was 19.9% and above...

[mongstradamus]

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@staifokuzed wrote:

Hi everyone.  

@Over the weekend I filled out a preapproved application at DCU for Auto Refi.  I didnt hear anything so deceided that I would call.  We went through the basics and I was approved.  So happy from 8.83% to 1.74%.  Then she hits me with I have an approval for a Visa 10k limit @ 9.5%.  This would be my first 5 digit and my current low apr is 19.99%.  I thought I have no immediate use for it and that I a member this Credit Union.  The limit will have better use elsewhere.  I definitely came unglued for a moment or 2.  I was tripping over my words as I told her it was highest limit and lowest rate.  But I took a deep breath and said thank you but I have to decline.  I just got the Amex Everday at the begining of the month with 15 months 0% so that will get any balances if need be.  So what would you guys do?  You think I made a mistake?  I pretty much made my mind up to change my decision.  The approval is good till June if I would want to though.  Thanks for input everyone.

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Me personally wouldn't apply for any card that i wouldn't need or use. This cc do they use the same HP as they did for your auto loan? Congratulations on the nice rates for auto loan tho :-)

[tre_]

You made the decision. Don't fret over it. Some people would have taken it (including me) others wouldn't have. Keep your credit healthy and you can always apply for a card later on down the line if you need it. Congrats on the awesome rate on your car!

[staifokuzed]

@ GDALE-  I completely agree with that.  I have long time left on 0%. I have gotten a lot of cards in the last year.  I am now realizing that I have no use for most except for 

                      Util purpose.  I generally keep reported balances under 2k between 2-3 cards.

@MONG-    I was not completely confident in the way it was worded when I asked the question.  But I am going to say no other was needed but was possible.       

[staifokuzed]

Ty Tre.  

I am actually glad I didnt jump on the offer.  I had to control the impulse.  The same impulse is reason I had to decline.  I am bummed that I coulnt take it but it was the right way to go.  

Since July 13 I opened

3-AMEX

BML

2-USAA

IT

FREEDOM

CIT TY PREFD

SPORTMAN GUIDE

6 of these I dont use at all.  I have 2 older ones that dont get used often.

[Chris679]

I was going to say you should take it until the last post. Given all the new accounts you were wise to say no.

[staifokuzed]

Wise of me not to accept it.  I guess that is what happens when you say "whats one more gonna hurt".  I have a bunch of useless accounts now.  I will have to bring out the out axe soon.   By July PRG will be gone. I would do it sooner but I like the look.  Others will follow likely at their 1yr mark.  Thanks for the input guys.