topic Re: So it comes down to this.. in Credit Cards

So it comes down to this..

Anonymous — Mon, 27 Feb 2017 06:06:21 GMT

About 1 1/2 months of hard thought and research, it comes down to either DC IT, or Cap1 QS Rewards (preapp for both)

I value simplicity. I like flat-rate CB (No Citi though - friends and family have had horrible experiences with them). I'm not completely huge on the rotating catagories thing, as I'm not a huge spender. I'm a little stingy sometimes. Most of my CC spending goes to dining, gas, and occasionally a department store or Amazon. I was also preapp for CSP but I dont think I can justify the AF with my spending or income (maybe), yet.

Simply put, I'm kind of a no frills type of credit consumer.

Help me decide. Give me some insight on your experience with the cards or company (I know DC can be a little conservative at first).

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 06:11:30 GMT

Both are great companies that will grow with you - I would choose not to choose and app for both

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 06:14:40 GMT

@Anonymous wrote:
About 1 1/2 months of hard thought and research, it comes down to either DC IT, or Cap1 QS Rewards (preapp for both)

I value simplicity. I like flat-rate CB (No Citi though - friends and family have had horrible experiences with them). I'm not completely huge on the rotating catagories thing, as I'm not a huge spender. I'm a little stingy sometimes. Most of my CC spending goes to dining, gas, and occasionally a department store or Amazon. I was also preapp for CSP but I dont think I can justify the AF with my spending or income (maybe), yet.

Simply put, I'm kind of a no frills type of credit consumer.

Help me decide. Give me some insight on your experience with the cards or company (I know DC can be a little conservative at first).

Given those two, why not get the new Penfed card that is 2% cashback if you have a checking account with them? It also has no foreign transaction fees like the CapitalOne card, so it's like the best of both of your listed choices combined into 1.

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 06:50:00 GMT

I don't have an acct with them and don't want to go through that for a cc. Otherwise I would if I had an acct with them originally lol

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 06:53:09 GMT

Should I app for both right away or would that look funny to the lenders?

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:04:35 GMT

So you want to make 2 accounts with 2 lenders rather than 1 with 1 lender that will give you a better card than both of those?

I must be missing something...

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:09:41 GMT

No I was responding to a question asked above

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:25:58 GMT

@Anonymous wrote:
Should I app for both right away or would that look funny to the lenders?

not really - I'd app Disco, then Cap One on the same day. Neither is particularly inquiry or new account sensitive, but Disco only pulls the one bureau, whereas Cap One pulls all 3...and you may decide if you get a good SL with Disco that you don't need Cap One after all.

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:29:02 GMT

@Anonymous wrote:
So you want to make 2 accounts with 2 lenders rather than 1 with 1 lender that will give you a better card than both of those?

I must be missing something...

I agree the penfed card is awesome, and I plan to get it myself a bit later on...but while I have no problems juggling multiple checking accounts, that game isn't for everyone. Especially not with an account that has 'play or fee' requirements like Penfed.

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:38:33 GMT

I thought Disco pulls EQ and EXP?

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:40:30 GMT

@Anonymous wrote:
I thought Disco pulls EQ and EXP?

probably true (I honestly didn't check before answering ), but 2 is still less than 3, and technically Disco is still more of a 'prime' lender so the advice still holds

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:42:17 GMT

I guess really the only downside to me is slightly less merchant acceptance in the US than Visa/MC but thats okay

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:44:38 GMT

@Anonymous wrote:
I guess really the only downside to me is slightly less merchant acceptance in the US than Visa/MC but thats okay

I still think you'll end up with both...if nothing else the additional card will pad your utilization

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:45:31 GMT

Plus usually HP only knock your score about 5 points so no biggie

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:54:28 GMT

@Anonymous wrote:
Plus usually HP only knock your score about 5 points so no biggie

So, why are we still having this conversation? PUSH THE BUTTON already

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 07:56:42 GMT

Lol I'm waiting till the end of the week because it will hit the 6 mo. mark for the first cc (OCD) and I get paid then so my assets will look better to Disco (I only have about 1.9k right now)

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 08:05:32 GMT

Assets don't show up in a credit pull, and as for the 6 month thing unless we're crossing a statement date and you expect updated reporting, that's not going to show up either Not gonna push ya (more) though - best of luck whenever you proceed, and be sure to keep us posted

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 08:08:18 GMT

I was talking about the assets question on the disco app. Makes me wonder why they ask for that then along with gross income ???

Re: So it comes down to this..

austinguy907 — Mon, 27 Feb 2017 08:20:03 GMT

Assets for a CCC is mostly due to them wanting some additional data points for cross marketing for other products. AMEX does it too if you dig deeper into your profile. It doesn't really sway the opening of an account since it's still unverified info. Disco pulled only EX for me when opening as well AMEX only pulled EX. The double pull is usually more for someone with a blemish or something stands out that gets them curious about looking at another snapshot.

Over thinking things could be just as bad as not thinking about them at all and blindly shooting fish in the barrel. You've done the research now and narrowed it down to a couple of cards. It's time to pull the trigger and start some gardening.

Re: So it comes down to this..

Anonymous — Mon, 27 Feb 2017 08:21:44 GMT

I'm a natural overthinker lol But yup you're right.