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New Visitor
Posts: 5
Registered: ‎07-26-2013
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opening an additional credit card account?

Hi all! So like I was looking at the Marriott premier rewards credit card and the rewards looks pretty good. I was wondering if I should get this card but I already have the Chase sapphire preffered card and also the Bank of America Cash Rewards Privileges card which also requires an annual fee for both cards.  I already have 8 credit cards which are the bofa regular cash rewards, bofa travel rewards, bofa world points, american express costco card,  chase amazon card, Macy's card,  chase sapphire preffered card, and the bank of america cash rewards privileges. I normally only use the sapphire preffered for traveling and dining ( I travel to Asia every week for my business) and privilges for gas and groceries shopping when I'm in the states, I don't really use the other cards; so I'm not sure if I should still get the Marriott card too or should just stick with the sapphire preffered and use their points for hotels and travel? Or cancel the privileges account after I get the Marriott card? Because 3 annual fees of 95+75+85 is a lot just for credit cards. So I would appreciate if anyone has any good advise on it? thankss! (:

 

Community Leader
Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
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Re: opening an additional credit card account?


derekxzhou wrote:

Hi all! So like I was looking at the Marriott premier rewards credit card and the rewards looks pretty good. I was wondering if I should get this card but I already have the Chase sapphire preffered card and also the Bank of America Cash Rewards Privileges card which also requires an annual fee for both cards.  I already have 8 credit cards which are the bofa regular cash rewards, bofa travel rewards, bofa world points, american express costco card,  chase amazon card, Macy's card,  chase sapphire preffered card, and the bank of america cash rewards privileges. I normally only use the sapphire preffered for traveling and dining ( I travel to Asia every week for my business) and privilges for gas and groceries shopping when I'm in the states, I don't really use the other cards; so I'm not sure if I should still get the Marriott card too or should just stick with the sapphire preffered and use their points for hotels and travel? Or cancel the privileges account after I get the Marriott card? Because 3 annual fees of 95+75+85 is a lot just for credit cards. So I would appreciate if anyone has any good advise on it? thankss! (:

 


Welcome to the forum 

To better help you we would need a little more info

How many INQ"s UTL, AAoA,any baddies, and when was last app....etc etc 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
New Visitor
Posts: 5
Registered: ‎07-26-2013
0

Re: opening an additional credit card account?

Oh ok, I 've had boda world points for like 6 years, amex costco for 3 years, bofa cash rewards for one year and bofa travel rewards for just 6 months. I also just received both bofa privileges and CSP begining of this month. Don't really remember the CL for all cards but for bofa privileges is 10k and CSP is 5k, bofa travel rewards is 7k and regular cash rewards is 5k. Sorry I have no idea what  INQ"s UTL means.

Community Leader
Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
0

Re: opening an additional credit card account?


derekxzhou wrote:

Oh ok, I 've had boda world points for like 6 years, amex costco for 3 years, bofa cash rewards for one year and bofa travel rewards for just 6 months. I also just received both bofa privileges and CSP begining of this month. Don't really remember the CL for all cards but for bofa privileges is 10k and CSP is 5k, bofa travel rewards is 7k and regular cash rewards is 5k. Sorry I have no idea what  INQ"s UTL means.


UTL=utilization 

INQ's=inquires

And do you know your scores?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
New Visitor
Posts: 5
Registered: ‎07-26-2013
0

Re: opening an additional credit card account?

well my score when I got my car last year was 768. and when I received the bofa privileges they also sent me the score but it became 724.

Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: opening an additional credit card account?

New Visitor
Posts: 5
Registered: ‎07-26-2013
0

Re: opening an additional credit card account?

well i've been staying at different hotels such as hilton, hyatt, marriott and the W since I don't really have a membership with any of the hotels. But the fact how Marriotts have a lot of hotels all around the world, it might be a better choice since it would be easier to find a hotel on whereever I go travel to?

Community Leader
Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
0

Re: opening an additional credit card account?

Really need to know UTL on cards and how many INQ's in the last year 

While everything looks good and I think you could take your pick of cards from what I see but without  INQ's and UTL I can't say what I think your chances of approval are. Sorry

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
New Visitor
Posts: 5
Registered: ‎07-26-2013
0

Re: opening an additional credit card account?

sorry I'm not really good with credit card knowledges so I don't know where can I fidn the information from? But I was just wondering if the Marriott card is worth to get since I already have both CSP and BOFA privileges. 

Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: opening an additional credit card account?

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