@kdm31091 wrote:
@Anonymous wrote:
@kdm31091 wrote:
@Anonymous wrote:
My current CCs are as follows:
AMEX Gold PR: NPSL
AMEX Everyday: 20K
Chase Sapphire: 6K
I would like to get a few more (probably Discover and Chase Freedom) to push up my total credit line but I am not sure when I should do that. All 3 of my FICO scores right now are right about 730 give or take a few points.
Is it worth it to take a couple HPs to get my total credit up or should I wait for one or two to fall off before I do that (probably about a year of so)?
Gonna insert my standard "Discover and Freedom together are rather superfluous" argument here. They offer basically the same things during the year. Same caps. Same rewards. Now, with your CSP, it might be an edge towards Freedom since you can transfer the points between the two.
But if you are concerned about inquiries and only want to app for one, one of the two is fine. They are basically the same card.
The Discover and Freedom categories haven't overlapped in the time that I've had both cards (Close to a year).
They do not typically overlap at the same time. My point was during the year, the categories tend to be the same at one point or another.
It's personal preference, some people don't mind having both. To me having two cards that are basically identical is superfluous. (This is as far as a standalone Freedom, not with a CSP, which increases the value somewhat)
As always. depends on your needs. IMO, superfluous cards would also offer identical rewards (or one would always be better than the other). But if say you want 5% off some category you are always using, such as gas or restaurants, and the cards offer them in different quarters, you get 5% coverage for 6 months. Or if you spend a lot and exceed the cap, it's helpful even if they are in the same quarter.
But if those situations don't apply, yes, don't get both! And maybe don't get either for that matter!
