No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hi there,
I am finally cracking down on my credit card debt. Just paid off the worst one and it feels great
The next one to knock out is my Citi Visa. It's the 'student' card, and was my first card at 18, five years ago. It had a very student interest rate to begin with, but one late payment (2 days late) and they jacked me up to 27.99%. That was over a year ago. I called to point out that the rate is absurd considering I've been paying on time every month since, and was completely blown off. I wasnt expecting anything major, but I spoke to three different people and got "No" all around.
I'm thinking my best option is to transfer as much of the balance as possible to another card, but I am wondering which one I should try. A few people have suggested the Discover Motiva, but based on the experiences posted on the boards I dont think my scores are high enough (especially if they pull EQ). I could go ahead and try anyway, but I'm not sure I want to get digned for the inquiry if the application proves fruitless.
Any other cards I should consider? Or any 'tricks' for dealing with Citi?
@persica9 wrote:Hi there,
I am finally cracking down on my credit card debt. Just paid off the worst one and it feels great
The next one to knock out is my Citi Visa. It's the 'student' card, and was my first card at 18, five years ago. It had a very student interest rate to begin with, but one late payment (2 days late) and they jacked me up to 27.99%. That was over a year ago. I called to point out that the rate is absurd considering I've been paying on time every month since, and was completely blown off. I wasnt expecting anything major, but I spoke to three different people and got "No" all around.
I'm thinking my best option is to transfer as much of the balance as possible to another card, but I am wondering which one I should try. A few people have suggested the Discover Motiva, but based on the experiences posted on the boards I dont think my scores are high enough (especially if they pull EQ). I could go ahead and try anyway, but I'm not sure I want to get digned for the inquiry if the application proves fruitless.
Any other cards I should consider? Or any 'tricks' for dealing with Citi?
Discover is the last bank your want to app with if there are late payments reporting on your credit report. Unfortunately, when one is late making payments the rate is changed to the default rate as outline in the terms of agreement.
Your best option is to pay more than the minimum to reduce the amount of interest you pay out.
Thanks for the response. Maybe I should have included more information.
My payment history is 'great' according to the reports I bought through MyFico. I have no reported late payments (since the one was only 2 days late) and I've never had any delinquent accounts. My new credit is listed as 'good.'
The two factors that arent great are my balances, which I'm making good progress paying down, and my AAoA. I just turned 23, so my oldest account is 4.5 years old and the average account is 2 years old.
So, while I am of course chipping away at my balance regardless, I am still open to suggestions for a good balance transfer card.
Thanks for the response. I should also mention that the balance I'd like to transfer is about $2500.
I think I'm going to wait another month or two before applying for anything. I just paid off another card entirely, which was about 15% of my total util. According to the myFICO simulator, that should bump me up a bit.
the TU and EQ I got from my FICO, the EX score I listed is actually a PLUS score and I didnt realize it. Once I figured it out, I tried to fix my signature it wont let me edit it anymore! weird.
Thanks for the tip about CUs.
When I go into my profile the field for signature doesnt show up at all anymore.
DI wrote:
Discover is the last bank your want to app with if there are late payments reporting on your credit report.
I was approved for Discover More with a high ($8.1K) CL with 13 reporting lates.
OP -
You are not a good candidate for PenFed credit approvals until your EQ FICO score is at least 690 to 700.