topic Re: Please advise on applying for 0% APR CC in Credit Cards

Please advise on applying for 0% APR CC

Anonymous — Sat, 21 Mar 2009 19:35:41 GMT

I want to apply for a 0% Intro APR credit card to transfer balances to my previous accounts and to spend about $1000 on it. So I will need a credit limit of about $1700. I would be grateful if you could advise me on which CC I can apply for. My average account length is 10 months. I applied through BoA preapproval, but they only gave me the secured card option. I only monitor Equifax score.

I had $3000 balance on my WaMu CC, and paid it down to $300 one month ago. Today Equifax updated my FICO score. Here is my status:

FICO Score yesterday: EQ 682

FICO Score today : EQ: 715

Credit Cards:

Limit Balance Percentage

WaMu VISA 4500 300 6%

Ebay Master Card 2700 330 12%

WellsFargo Secured 300 20 6.6%

On Equifax I have 3 inquiries during last year.

On TransUnion I had 2 inquiries during the last year.

On Experian I had 8 inquiries during the last year.

I have no other negative accounts and records.

Today I called Chase and signed up for rewards, and also got a CLI of $500.

Thank you

Message Edited by redstarX on 03-21-2009 12:21 PM

Message Edited by redstarX on 03-21-2009 12:35 PM

Re: Please advise on applying for 0% APR CC

manyquestions — Sat, 21 Mar 2009 20:14:06 GMT

Citi Platinum Select?

Re: Please advise on applying for 0% APR CC

score_building — Sun, 22 Mar 2009 08:50:06 GMT

boa platinum plus/ world points

discover (but if they pull EQ in your area, no good w/ 8 inqs reporting already)

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 19:46:15 GMT

I've heard that Citi is very strict in approving credit cards. Besides they're not in good financial situation.

BoA preapproval site declined unsecured card.

I have 8 inquiries on Experian. Is Experian really frozen for everyone?

Re: Please advise on applying for 0% APR CC

manyquestions — Sun, 22 Mar 2009 20:23:35 GMT

@Anonymous wrote:
I have 8 inquiries on Experian. Is Experian really frozen for everyone?

Did you put a security freeze on it?

Re: Please advise on applying for 0% APR CC

score_building — Sun, 22 Mar 2009 20:26:21 GMT

it is only frozen if the acct holder freezes it, it is not frozen for everybody.

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 20:52:17 GMT

Then is it a good idea to freeze it? I have not put a freeze on it. What are the advantages and disadvantages?

Re: Please advise on applying for 0% APR CC

manyquestions — Sun, 22 Mar 2009 21:03:58 GMT

@Anonymous wrote:
Then is it a good idea to freeze it? I have not put a freeze on it. What are the advantages and disadvantages?

Advantage is you won't get any more hard pulls on Experian.

Re: Please advise on applying for 0% APR CC

score_building — Sun, 22 Mar 2009 21:23:27 GMT

i froze mine because i do not approve of EXs recent move (feb.) to loftily block consumers from access to EX scores all while continuing to sell their personal credit information to lenders for profit.

since my EX is fozen, technically they shouldn't be able to sell it to anyone who requests it. a sorta 'boycott' of a CRA gone amiss. several here have frozen in disagreement with the new policy to completely block consumers from access to their EX scores without proper regard for them as being an important part of the equation.

now that it is frozen my current lenders will still have access, but if i app again from a lender who pulls EX my EX report will not be available to them because it is "frozen". it's good in that i won't have new EX inqs. a disadvantage is that it precludes me from apping EX lenders unless they are willing to pull one or both of the other two instead, or i decide to unfreeze EX making it available to them.

redstarX wrote:
Then is it a good idea to freeze it? I have not put a freeze on it. What are the advantages and disadvantages?

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 21:48:34 GMT

Which state do you live in? Companies pull different reports sometimes based on that.

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 22:12:05 GMT

My EQ is about the same as yours and I was declined for both BOA 's Amex and Citi Select. Recon with Citi didn't work either.

I really wanted to get the BT offer because many of my card have increased APRs recently due to bad economy.

I've heard Cap 1 is easier to get but the limits they give is a joke to many.

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 22:19:15 GMT

Wow, sad story. I was thinking of applying for Wells Fargo.

I think I should avoid Citi, Chase, AMEX, and BoA.

The Cap 1 limits are low. Discover declined cc 3 months ago.

Credit unions do not offer 0% APR. So almost no choice except WF.

Any ideas?

Re: Please advise on applying for 0% APR CC

Anonymous — Sun, 22 Mar 2009 22:47:36 GMT

Maybe Juniper? I believe they pull TU in SO.CA.

Re: Please advise on applying for 0% APR CC

billsfan14 — Sun, 22 Mar 2009 22:52:32 GMT

Try the Chase PerfectCard... 0% on BT for 12 months. I was approved for $3,500 with ~700 TU/EQ scores and a couple INQs. AAoA is only 8 months for me.

Good luck!