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New Visitor
Posts: 2
Registered: ‎07-18-2013
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Should I get another credit card?

For some background I'm 22 years old and I just started working at my first fulltime job. I am wondering if I should get another credit card or just stick with the ones I have. According to Credit Karma my score is 710

 

Current-

Capital One MC Platinum -$750 limit - about 4 years old

Victorias Secret Angel Card -$1100 limit - about 2 years old

American Express Blue Sky Preferred -$2200 limit - about 1.5 years old

Walmart Discover - $1800 - Just got it last month (financed an Ipad)

 

So none of these cards have great rewards and all of the APRs are around 22%, I don't plan on closing any of them but would like one main card to use for most expenses.

 

Currently I have 3 or 4 hard inquiries on my account (I just financed a car)

 

I was considering getting one of those travel rewards cards that has the annual fee waived for the first year and get all the new bonus deals, then cancel it after a year and repeat? Or dont cancel it?

 

 

Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: Should I get another credit card?

Welcome to the forum!

Have you requested a CLI on your Amex? I'd PC the Blue Sky to either a BCE orBCP depending on your spending pattern. If you haven't asked for a CLI yet, ask.
Freedom, Discover It and Quicksilver are all nice reward cc's. I would have suggested a Barclay product but they seem to be a little prickly to new inq's.
Community Leader
Senior Contributor
Posts: 26,869
Registered: ‎02-07-2013
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Re: Should I get another credit card?


lma0423 wrote:

For some background I'm 22 years old and I just started working at my first fulltime job. I am wondering if I should get another credit card or just stick with the ones I have. According to Credit Karma my score is 710

 

Current-

Capital One MC Platinum -$750 limit - about 4 years old

Victorias Secret Angel Card -$1100 limit - about 2 years old

American Express Blue Sky Preferred -$2200 limit - about 1.5 years old

Walmart Discover - $1800 - Just got it last month (financed an Ipad)

 

So none of these cards have great rewards and all of the APRs are around 22%, I don't plan on closing any of them but would like one main card to use for most expenses.

 

Currently I have 3 or 4 hard inquiries on my account (I just financed a car)

 

I was considering getting one of those travel rewards cards that has the annual fee waived for the first year and get all the new bonus deals, then cancel it after a year and repeat? Or dont cancel it?

 

 


Welcome to the forum and bravo for being 22 and managing to build a nice profile it speaks volumes

Since you are a Amex customer and if you don't carry balances I would look at gold and plat charge cards

I'm sure others will also have great idea's for you as well 

 



+ Chase Ink =

New Visitor
Posts: 2
Registered: ‎07-18-2013
0

Re: Should I get another credit card?

Thanks!

 

Yea I requested one a few months ago and it went from 2000 to 2200 :/

 

Also what is a "PC"? I would consider upgrading my Amex to the Blue Card Everyday, but I don't want the Blue Sky to be cancelled, just upgraded, is that possible?

Super Contributor
Posts: 10,062
Registered: ‎04-22-2013
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Re: Should I get another credit card?

Is your Blue Sky the Blue Sky Preferred (as you list)?  With a $75 AF?  If the rewards from that card aren't what you need, then people are suggesting you "Product Change" the card to a BCP/BCE.   This basically replaces one card with another, keeping the history and avoiding another app and a new account.  (Downside is that you don't get any bonuses that apply to people getting the new card, but with Amex rules you might not get them anyway).

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