Credit Cards

[creditwherecreditisdue]

Both are unsecured credit lines. I very much doubt it makes any difference as far as approval is concerned.

[illtakecreditforthat]

---

creditwherecreditisdue wrote:
Both are unsecured credit lines. I very much doubt it makes any difference as far as approval is concerned.

---

I've noticed LOC's tend to have lower APR.  If your primary purpose is to have cash available, it probably makes sense to get a LOC since cash advance on a cc is a much higher APR and usually the "kiss of death".

[Ron1]

LOC for Checking Overdraft may be easier than CC. I think it depends on their policy. I called to them to ask some info about cc. They (CSR) wasn't able to answer my question and they were supposed to call me back. I haven't heard from them since.

Thanks for the reply.

Ron. 

[Ron1]

I want to apply for both LOC to cover checking in case of insufficent funds and cc as a backup card/ normal daily use card (if Chase/BofA close my account). I know I only can apply for either one at a time when I am a new member.

Ron. 

[Ron1]

What CL did you ask for?

Do you have any past due? baddies?

How long did it get approved? 

How many INQ(s) did you have?

Thanks.

Ron.