topic Re: Advice on switching card or new card in Credit Cards

Advice on switching card or new card

Anonymous — Sun, 12 Jan 2020 18:22:42 GMT

Awhile ago, I defaulted on several accounts and none of them appear on my credit report anymore. I would like to have a premium card for work, since everyone I work with has them (sounds weird I know) and I usually just use my Citibank 2% back card when at company functions.

Since I had a prior default with American Express and Chase, I know their nice cards are out. I think that leaves me with either the Luxury Black, which I get mailers for. or the Citibank Prestige.

I have a Citibank cash back card and a Diamond preferred (switch started as a secured card eight years ago). I've read on hear about people switching cards with them. I was considering switching my Diamond preferred to a Prestige (if they allow it) because I'd like to keep my streak going for not applying for new cards. I know I would not get a signup bonus, but I saw the Luxury one doesn't even offer one.

I was wondering if the Prestige is a little better than the Luxury card?

Also, if they allowed me to change to the Prestige, I know I would not get a sign up bonus but would I still get all the other features of the card benefits (extra points per dollar on spending categories and transfer partners)?

Thank you

Re: Advice on switching card or new card

Anonymous — Sun, 12 Jan 2020 18:32:42 GMT

run, don't walk, away from luxury card, when you see somebody swipe it out, you know they are idiots.

prestige is not just "little better", its miles away better, however, best card is what works for you. There is no need to pay 500 AF just for a good looking card. If look of the card is important to you, consider no AF wells fargo propel, excellent earning, metal, and good looking.

if you do want a list of cards, you may want to provide your fico scores and more details on yoru current portfolio, spending categories.

Re: Advice on switching card or new card

FinStar — Sun, 12 Jan 2020 19:13:50 GMT

@Anonymous wrote:
run, don't walk, away from luxury card, when you see somebody swipe it out, you know they are idiots.

prestige is not just "little better", its miles away better, however, best card is what works for you. There is no need to pay 500 AF just for a good looking card. If look of the card is important to you, consider no AF wells fargo propel, excellent earning, metal, and good looking.

if you do want a list of cards, you may want to provide your fico scores and more details on yoru current portfolio, spending categories.

While the Luxury Card by Barclays may not be suitable for your preference and may not be the right fit for everyone, this is a credit card forum shared by a diverse community. Let's refrain from the name calling as you would not be intimately familiar why an individual may have it in the first place, regardless of choice @Anonymous

Re: Advice on switching card or new card

Anonymous — Sun, 12 Jan 2020 19:15:23 GMT

I was looking at prestige to get around opening a new account. People at work joke about me always using the cash back Citibank card or my other MasterCard. Just the industry I’m in.

My credit karma scores are 803 on TransUnion and 822 on equifax. My FNBO Direct Card says my experian is 809.

My cards are in order of age
Citibank Diamond 17,300 was secured about eight years ago.
Citibank cash back 20,100
USAA Low Rate Visa 12,100
FNBO Direct 22,000
BMO Harris Rewards 32,000
2 month old auto loan

Re: Advice on switching card or new card

soxfaininfl — Sun, 12 Jan 2020 19:16:58 GMT

OP, how much did you burn Amex for? If you pay them back, they will let you back in.

Re: Advice on switching card or new card

FinStar — Sun, 12 Jan 2020 19:25:25 GMT

@Anonymous wrote:
Awhile ago, I defaulted on several accounts and none of them appear on my credit report anymore. I would like to have a premium card for work, since everyone I work with has them (sounds weird I know) and I usually just use my Citibank 2% back card when at company functions.

Since I had a prior default with American Express and Chase, I know their nice cards are out. I think that leaves me with either the Luxury Black, which I get mailers for. or the Citibank Prestige.

I have a Citibank cash back card and a Diamond preferred (switch started as a secured card eight years ago). I've read on hear about people switching cards with them. I was considering switching my Diamond preferred to a Prestige (if they allow it) because I'd like to keep my streak going for not applying for new cards. I know I would not get a signup bonus, but I saw the Luxury one doesn't even offer one.

I was wondering if the Prestige is a little better than the Luxury card?

Also, if they allowed me to change to the Prestige, I know I would not get a sign up bonus but would I still get all the other features of the card benefits (extra points per dollar on spending categories and transfer partners)?

Thank you

Welcome to the forums @Anonymous.

IMO, I would not get a 'premium' CC just because 'everyone at work' has one. This would almost be like keeping up with the Jones' mentality. If you do have the interest of obtaining one because it truly fits your needs based on your actual lifestyle, there's a few options available.

These Citi Prestige may be viable. I would entertain applying for it versus a PC since you won't qualify for the SUB if you decide to go the PC route (which may not be available with Diamond Preferred).

Re: Advice on switching card or new card

FinStar — Sun, 12 Jan 2020 19:36:33 GMT

@Anonymous wrote:
I was looking at prestige to get around opening a new account. People at work joke about me always using the cash back Citibank card or my other MasterCard. Just the industry I’m in.

My credit karma scores are 803 on TransUnion and 822 on equifax. My FNBO Direct Card says my experian is 809.

My cards are in order of age
Citibank Diamond 17,300 was secured about eight years ago.
Citibank cash back 20,100
USAA Low Rate Visa 12,100
FNBO Direct 22,000
BMO Harris Rewards 32,000
2 month old auto loan

Thanks for providing the additional details. I realize everyone may approach things differently, and I'll be blunt, in the industry that I'm in with high-profile client visibility, I really don't care what anyone says or jokes about what card I plop out of my wallet...your money, your rewards, your choice (i.e. I don't cater to the image factor or to impress people ¯\_(ツ)_/¯)

That said, if Prestige is the card you want, then best to apply directly to get their current SUB as you'd be missing out on that.

How many accounts have you opened in the past 6-12 months? Inquiries?

Re: Advice on switching card or new card

Anonymous — Sun, 12 Jan 2020 20:47:09 GMT

I have one new account in the last three years, which is my two month old auto loan. I have two inquiries on Transunion and one on experian from the auto loan two months ago. I do not have any inquiries on equifax. My most recent card (BMO Harris) was opened a little over three years ago.

I also have a closed/paid off auto loan on my credit reports and two paid off student loans as well.

Someone asked about American Express past debt. I owed them between 6,000 and 7,000 when I defaulted on the card in 2008. I asked about the Optima program I read online several years ago and I was told that my debt was too old to be given the Optima card if I paid them back.

Re: Advice on switching card or new card

kerplunk — Sun, 12 Jan 2020 23:41:00 GMT

@Anonymous wrote:
Awhile ago, I defaulted on several accounts and none of them appear on my credit report anymore. I would like to have a premium card for work, since everyone I work with has them (sounds weird I know) and I usually just use my Citibank 2% back card when at company functions.

Since I had a prior default with American Express and Chase, I know their nice cards are out. I think that leaves me with either the Luxury Black, which I get mailers for. or the Citibank Prestige.

I have a Citibank cash back card and a Diamond preferred (switch started as a secured card eight years ago). I've read on hear about people switching cards with them. I was considering switching my Diamond preferred to a Prestige (if they allow it) because I'd like to keep my streak going for not applying for new cards. I know I would not get a signup bonus, but I saw the Luxury one doesn't even offer one.

I was wondering if the Prestige is a little better than the Luxury card?

Also, if they allowed me to change to the Prestige, I know I would not get a sign up bonus but would I still get all the other features of the card benefits (extra points per dollar on spending categories and transfer partners)?

Thank you

I think you'll soon learn that the people who make fun of your choices are usually insecure about their own choices.

Citi Double Cash is a great general use card.

As for acquiring an annual fee card, just do the math and see if you will come out ahead. If not, don't do it.

Re: Advice on switching card or new card

Anonymous — Mon, 13 Jan 2020 00:40:14 GMT

@kerplunk wrote:
@Anonymous wrote:
Awhile ago, I defaulted on several accounts and none of them appear on my credit report anymore. I would like to have a premium card for work, since everyone I work with has them (sounds weird I know) and I usually just use my Citibank 2% back card when at company functions.

Since I had a prior default with American Express and Chase, I know their nice cards are out. I think that leaves me with either the Luxury Black, which I get mailers for. or the Citibank Prestige.

I have a Citibank cash back card and a Diamond preferred (switch started as a secured card eight years ago). I've read on hear about people switching cards with them. I was considering switching my Diamond preferred to a Prestige (if they allow it) because I'd like to keep my streak going for not applying for new cards. I know I would not get a signup bonus, but I saw the Luxury one doesn't even offer one.

I was wondering if the Prestige is a little better than the Luxury card?

Also, if they allowed me to change to the Prestige, I know I would not get a sign up bonus but would I still get all the other features of the card benefits (extra points per dollar on spending categories and transfer partners)?

Thank you
I think you'll soon learn that the people who make fun of your choices are usually insecure about their own choices.

Citi Double Cash is a great general use card.

As for acquiring an annual fee card, just do the math and see if you will come out ahead. If not, don't do it.

Lol. Yep. I generally suck on this forum. But I like my cards and the strategy I use to get a good return on my rewards and credit score, as well as trying to reduce possibility of the smallest adverse action (if that's even possible) all at the same time. Terms will change and those things no one has control over.

I always go for a card that fits my needs, which means it will be used after I get it and likely 3 years and beyond after I get it. It might not provide me the maximum total rewards dollars possible (may have others that might be a little better), but I just might like it better than the other option.

I don't chase SUBs as they are temporary and use of the card after the SUB matters. You have very good cards, and it sounds like you want to tweak what you have to have even better cards. Get the ones that will work for you,and even if one doesn't quite fit as another but you like it better, then go with it.

Citi DC is a great all around card. Its simple and gives a good quick rewards rate without having to think.

If there is a card you really want, and your ok with a small rewards structure and cost, go with it. Just be sure to read the terms and conditions of the card offer so you're not surprised after you apply and then find out something that you cannot live with.

Re: Advice on switching card or new card

Anonymous — Mon, 13 Jan 2020 00:48:47 GMT

I wouldn't give up on Amex. I burned them for ~10k 7 years ago and just got the Amex Platinum and base Hilton cards 2 months ago.

Re: Advice on switching card or new card

Anonymous — Mon, 13 Jan 2020 01:31:06 GMT

To answer the OP, with the old age of the card and credit limit, you should have no problem changing the card to the Prestige if you wish to not add a new account.

The only thing preventing it would be if they are not allowing changes to prestige at this time, otherwise I think you should be good.

Re: Advice on switching card or new card

recoveringfrombk7 — Mon, 13 Jan 2020 02:34:06 GMT

@Anonymous wrote:
I wouldn't give up on Amex. I burned them for ~10k 7 years ago and just got the Amex Platinum and base Hilton cards 2 months ago.

OP, if you burned AMEX in 2008, have you checked the prequal page? If no offers I would reach out again and find a supervisor if you're willing to pay what you owe. I think by now they'd take you back based on what I've been reading here lately.

Re: Advice on switching card or new card

redpat — Mon, 13 Jan 2020 05:48:18 GMT

@Anonymous wrote:
I was looking at prestige to get around opening a new account. People at work joke about me always using the cash back Citibank card or my other MasterCard. Just the industry I’m in.

My credit karma scores are 803 on TransUnion and 822 on equifax. My FNBO Direct Card says my experian is 809.

My cards are in order of age
Citibank Diamond 17,300 was secured about eight years ago.
Citibank cash back 20,100
USAA Low Rate Visa 12,100
FNBO Direct 22,000
BMO Harris Rewards 32,000
2 month old auto loan

Punch them in the nose, JK! Next time make fun of them for something, if they can't take the heat, get out of the kitchen. Don't get a credit card for that.

If you do, they win.

Re: Advice on switching card or new card

Anonymous — Mon, 13 Jan 2020 11:25:13 GMT

@Anonymous wrote:
I was looking at prestige to get around opening a new account. People at work joke about me always using the cash back Citibank card or my other MasterCard. Just the industry I’m in.

My credit karma scores are 803 on TransUnion and 822 on equifax. My FNBO Direct Card says my experian is 809.

My cards are in order of age
Citibank Diamond 17,300 was secured about eight years ago.
Citibank cash back 20,100
USAA Low Rate Visa 12,100
FNBO Direct 22,000
BMO Harris Rewards 32,000
2 month old auto loan

If looks is the only reason, try this https://lioncreditcard.com/ make it real pretty, and refuse to tell them what it is.

Re: Advice on switching card or new card

CreditInspired — Mon, 13 Jan 2020 12:36:29 GMT

Hi OP

IMHO, your DC card is a premium card with none of that high AF nonsense (that’s how I feel about my DC).

Now, if you are traveling a lot for company business, I would understand you wanting a card that offers those types of benefits; but just wanting another type of card because co-workers have them is just not a good enough reason. Just my 2cents because I learned a valuable lesson.

I’ll never forget one time I pulled out my Citi Costco CC to pay for a nice meal a friend and I were having. Said Oops, and replaced it with my AmX. My friend chuckled and shook his head. I said, “what?” He said, “both cards will pay for the meal, right?” That comment showed me how pretentious I was being because in hindsight restaurants were 3% on the Costco and only 1.5% on the AMX. Now I only pay with the specific card that gives me the most rewards, not the card that makes me feel like it’s better to whip it out of my pocket.

Re: Advice on switching card or new card

CreditInspired — Mon, 13 Jan 2020 12:38:48 GMT

@soxfaininfl wrote:
OP, how much did you burn Amex for? If you pay them back, they will let you back in.

This is not guaranteed.

Re: Advice on switching card or new card

CreditInspired — Mon, 13 Jan 2020 12:39:32 GMT

@FinStar wrote:
@Anonymous wrote:
Awhile ago, I defaulted on several accounts and none of them appear on my credit report anymore. I would like to have a premium card for work, since everyone I work with has them (sounds weird I know) and I usually just use my Citibank 2% back card when at company functions.

Since I had a prior default with American Express and Chase, I know their nice cards are out. I think that leaves me with either the Luxury Black, which I get mailers for. or the Citibank Prestige.

I have a Citibank cash back card and a Diamond preferred (switch started as a secured card eight years ago). I've read on hear about people switching cards with them. I was considering switching my Diamond preferred to a Prestige (if they allow it) because I'd like to keep my streak going for not applying for new cards. I know I would not get a signup bonus, but I saw the Luxury one doesn't even offer one.

I was wondering if the Prestige is a little better than the Luxury card?

Also, if they allowed me to change to the Prestige, I know I would not get a sign up bonus but would I still get all the other features of the card benefits (extra points per dollar on spending categories and transfer partners)?

Thank you
Welcome to the forums @Anonymous.

IMO, I would not get a 'premium' CC just because 'everyone at work' has one. This would almost be like keeping up with the Jones' mentality. If you do have the interest of obtaining one because it truly fits your needs based on your actual lifestyle, there's a few options available.

These Citi Prestige may be viable. I would entertain applying for it versus a PC since you won't qualify for the SUB if you decide to go the PC route (which may not be available with Diamond Preferred).

+1000

Re: Advice on switching card or new card

CreditInspired — Mon, 13 Jan 2020 12:43:58 GMT

@Anonymous wrote:
@Anonymous wrote:
I was looking at prestige to get around opening a new account. People at work joke about me always using the cash back Citibank card or my other MasterCard. Just the industry I’m in.

My credit karma scores are 803 on TransUnion and 822 on equifax. My FNBO Direct Card says my experian is 809.

My cards are in order of age
Citibank Diamond 17,300 was secured about eight years ago.
Citibank cash back 20,100
USAA Low Rate Visa 12,100
FNBO Direct 22,000
BMO Harris Rewards 32,000
2 month old auto loan

If looks is the only reason, try this https://lioncreditcard.com/ make it real pretty, and refuse to tell them what it is.

PRICELESS! 😂🤣😆

Re: Advice on switching card or new card

Anonymous — Mon, 13 Jan 2020 13:14:40 GMT

Most of us would agree that getting a new card (and incurring expense) "just" because of co-worker peer pressure is not a great thing to do. But there are certainly situations where it might be just easier. If you like your job, and generally your co-workers, but you feel that they and perhaps your boss think your choice of card is strange/wrong/bad and reflects on you in some slightly negative way, then fixing that issue is the way to go.

Despite our (over) interest in credit cards, it's really not worth making a principled stand over this: "It's my credit file, my choice, and you can take this great job and shove it where FICO doesn't shine" type thing? Nah. And yes, the co-workers may be somewhat ignorant of what really makes a good card, but generally we all (except me and one other person here) have blind spots in our knowledge