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Still trying to get a good set of 2-3 cards to apply for in the next several months. Curious to see what others would choose between two 1.5% cash back cards.
Capital One Cash, or Northrop Grumman Cash Rebates?
My original vote was for NGFCU, but after a bit of research on what few accounts I could find, it would appear that its underwriters do a thorough, manual review of each application. My only concern is they may shoot me down for excessive credit : income ratio. Capital One, on the other hand, I'm guessing I would have a much better chance at just becoming a formula in their "Approve or Deny" model. I am, however, a bit wary of doing business with Capital One.
Thoughts?
Can't say much about that CU... good or bad...
I've been dealing with cap one for several years, and I've never had any trouble with them...they're not noted for raising credit limits, but I've not had any unhappiness with them.
Don't be afraid of Capital One. They helped re-establish my credit when I declared bankrupcy 5 years ago with both an auto loan and a CC. Just understand that it can be difficult to get a CLI from them, otherwise I've had no issues at all.
Recommend
How about the Barclays Priceline Rewards Visa card for 2% everything?
Capital One Cash Back has been a good card for me. I'd recommend you try the prequalify and see if they offer that card. If they do, there is high probabiliy of final approval.
CapOne is only a good option if you aren't interested in ever increasing your CL.
I think if you look beyond the initial application process, you've probably already answered your own question.
Which one is more likely to give you a higher CL to begin with? With which card are you more likely to get to that $5K threshold that seems to be the point where more prime cards can come your way? Which issuer is more likely to give you a CLI as you grow with your card? Which issuer has the more superior customer service? Call both of them, ask a generic question that could apply to either one, and see what the anwers are. What's the potential for other cards and/or financial arrangements with the issuer if you need them, ie, loans or lines of credit?
If I were in your shoes I would go with the credit union. Though it might be a bit tougher to get (or not), the benefits, in my opinion, outweigh going with the also ran.