topic Re: What credit card should I apply for? in Credit Cards

What credit card should I apply for?

Anonymous — Sun, 07 Feb 2016 22:44:33 GMT

I'm thinking of applying a new credit card to pay my tax, I got 770 EX 772 TU, $72,600 total limit. I'm looking for 0% Intro cards, my cards were all in my signature. Which one do you think?

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 02:52:19 GMT

Depending on the amount, cards like Discover, Slate, QS should be able to do. Is the amount owed alot?

EDIT: I had to edit as I thought you had to pay $72,000 in taxes. My error.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 02:45:01 GMT

The 72% is his total credit limits, not the amount of tax he owes

Re: What credit card should I apply for?

SouthJamaica — Mon, 08 Feb 2016 02:45:29 GMT

@Anonymous wrote:
Looking at your current limits, getting a 0% for $72,000 to pay taxes is going to be hard. The IRS allows you to make payment plans. Have you looked into it?

I don't think he's saying he's got to pay 72k in taxes, I think he's saying his present total credit limits are 72k.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 02:48:50 GMT

@Anonymous wrote:
The 72% is his total credit limits, not the amount of tax he owes

You know, when I was typing I saw his siggy and it said $66,000 in total limits so I must have misunderstood his post.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 02:54:13 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Looking at your current limits, getting a 0% for $72,000 to pay taxes is going to be hard. The IRS allows you to make payment plans. Have you looked into it?
I don't think he's saying he's got to pay 72k in taxes, I think he's saying his present total credit limits are 72k.

Yes, you are right. I should have asked for clarification as his signature has a different number. This below..

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 04:22:04 GMT

I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.

Re: What credit card should I apply for?

NRB525 — Mon, 08 Feb 2016 04:54:19 GMT

@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.

Your Discover is at $5,600 limit.

Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?

If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.

Or if you have a 0% Purchases offer on Discover, just charge it directly there.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 05:00:54 GMT

@NRB525 wrote:
@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.
Your Discover is at $5,600 limit.
Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?
If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.
Or if you have a 0% Purchases offer on Discover, just charge it directly there.

this x10000000 save your inquiries for something else. op could have BT offers available on disco, maybe BOA, etc. if you dont see one on discover, chat em' up! same with BOA.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 05:09:51 GMT

@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.
Your Discover is at $5,600 limit.
Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?
If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.
Or if you have a 0% Purchases offer on Discover, just charge it directly there.
this x10000000 save your inquiries for something else. op could have BT offers available on disco, maybe BOA, etc. if you dont see one on discover, chat em' up! same with BOA.

It does but it will expire in June 2016, so I'm just worried if I can' pay it in full that time.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 05:21:07 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@Anonymous wrote:
Looking at your current limits, getting a 0% for $72,000 to pay taxes is going to be hard. The IRS allows you to make payment plans. Have you looked into it?
I don't think he's saying he's got to pay 72k in taxes, I think he's saying his present total credit limits are 72k.
Yes, you are right. I should have asked for clarification as his signature has a different number. This below..

My bad, I have Authorized User card which has $6k limit but did not include it.

Re: What credit card should I apply for?

NRB525 — Mon, 08 Feb 2016 05:32:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.
Your Discover is at $5,600 limit.
Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?
If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.
Or if you have a 0% Purchases offer on Discover, just charge it directly there.
this x10000000 save your inquiries for something else. op could have BT offers available on disco, maybe BOA, etc. if you dont see one on discover, chat em' up! same with BOA.
It does but it will expire in June 2016, so I'm just worried if I can' pay it in full that time.

The June 2016 0% is from your original app of the Discover card? Good. Then use the Discover to pay for the taxes. Shows heavy usage of the card. Pay what you can ( heavily ) in to June, until the 0% expires.

Meanwhile, check on your two Bank of America accounts, whether you are getting BT offers from them. Call them if you are not, to see if any are available. They might not start immediately, but it likely at least triggers them to know you are interested. I get BT offers every month for my B of A cards.

Ensure that you are paying down your Quicksilver card to zero also. You want to have that available for a balance shift.

If you get a new BT offer on your Discover account after the June 2016 promo ends (look on the account information, under Balance Transfers for offers) then you want to BT the remaining taxes off your Discover, to your Capital One Quicksilver, using the No BT Fee that is available. Yes, you will pay a bit of interest for a couple of weeks on the QS while the balance is there, but then...

you BT the balance off the QS, over to your Discover again, taking advantage of the new BT offer, either a 3% fee or no-fee BT.

You can also BT to the B of A account, if that is the only option. My B of A offers recently changed from 3% fee to 4% fee, which isn't optimal, but if you are taking some time to pay, not a bad deal even at 4%.

Re: What credit card should I apply for?

Anonymous — Mon, 08 Feb 2016 16:02:20 GMT

@NRB525 wrote:
@Anonymous wrote:
@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.
Your Discover is at $5,600 limit.
Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?
If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.
Or if you have a 0% Purchases offer on Discover, just charge it directly there.
this x10000000 save your inquiries for something else. op could have BT offers available on disco, maybe BOA, etc. if you dont see one on discover, chat em' up! same with BOA.
It does but it will expire in June 2016, so I'm just worried if I can' pay it in full that time.
The June 2016 0% is from your original app of the Discover card? Good. Then use the Discover to pay for the taxes. Shows heavy usage of the card. Pay what you can ( heavily ) in to June, until the 0% expires.
Meanwhile, check on your two Bank of America accounts, whether you are getting BT offers from them. Call them if you are not, to see if any are available. They might not start immediately, but it likely at least triggers them to know you are interested. I get BT offers every month for my B of A cards.

Ensure that you are paying down your Quicksilver card to zero also. You want to have that available for a balance shift.

If you get a new BT offer on your Discover account after the June 2016 promo ends (look on the account information, under Balance Transfers for offers) then you want to BT the remaining taxes off your Discover, to your Capital One Quicksilver, using the No BT Fee that is available. Yes, you will pay a bit of interest for a couple of weeks on the QS while the balance is there, but then...

you BT the balance off the QS, over to your Discover again, taking advantage of the new BT offer, either a 3% fee or no-fee BT.
You can also BT to the B of A account, if that is the only option. My B of A offers recently changed from 3% fee to 4% fee, which isn't optimal, but if you are taking some time to pay, not a bad deal even at 4%.

such elegant advice! I could not have said it better myself! what we have just described here is the Debt Shuffle, it is my FAVORITE move when used responsibly and prevents extra accounts/inquiries and saves them for more cash back/point bonuses! WOOHOO

Re: What credit card should I apply for?

Anonymous — Tue, 09 Feb 2016 02:30:36 GMT

@NRB525 wrote:
@Anonymous wrote:
@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:
I need to pay $3,900 tax, so I'm thinking if I could get approve higher than that with 0% intro.
Your Discover is at $5,600 limit.
Does Discover have any BT offers on your account? Does Discover have any 0% on purchases?
If a BT is available on your Discover, you could charge the taxes on another card (possibly with a basic reward rate) and BT to Discover.
Or if you have a 0% Purchases offer on Discover, just charge it directly there.
this x10000000 save your inquiries for something else. op could have BT offers available on disco, maybe BOA, etc. if you dont see one on discover, chat em' up! same with BOA.
It does but it will expire in June 2016, so I'm just worried if I can' pay it in full that time.
The June 2016 0% is from your original app of the Discover card? Good. Then use the Discover to pay for the taxes. Shows heavy usage of the card. Pay what you can ( heavily ) in to June, until the 0% expires.
Meanwhile, check on your two Bank of America accounts, whether you are getting BT offers from them. Call them if you are not, to see if any are available. They might not start immediately, but it likely at least triggers them to know you are interested. I get BT offers every month for my B of A cards.

Ensure that you are paying down your Quicksilver card to zero also. You want to have that available for a balance shift.

If you get a new BT offer on your Discover account after the June 2016 promo ends (look on the account information, under Balance Transfers for offers) then you want to BT the remaining taxes off your Discover, to your Capital One Quicksilver, using the No BT Fee that is available. Yes, you will pay a bit of interest for a couple of weeks on the QS while the balance is there, but then...

you BT the balance off the QS, over to your Discover again, taking advantage of the new BT offer, either a 3% fee or no-fee BT.
You can also BT to the B of A account, if that is the only option. My B of A offers recently changed from 3% fee to 4% fee, which isn't optimal, but if you are taking some time to pay, not a bad deal even at 4%.

I think I'm gonna do your advice, I have my offer fom BofA. I'm going to accept it and do that to pay my tax. Thank you very much for the advice!