topic Re: What should my next card be? in Credit Cards

What should my next card be?

glockrunner — Mon, 14 Sep 2020 16:04:04 GMT

Been in the garden for 6 months after my AMEX BCP approval for 20k. I have a NFCU cash rewards card at 31k and some smaller limit cards of not much importance. I am on the fence as to what card I should apply for next? I was thinking of applying for a Dicso card to have some diversity or tap the generosity of Navy again for the Platinum card? Or garden even more and boost my scores? I will assume the Navy card will be of lower interest rate and a higher CL. Of course, nothing is a guarantee. I did prequal for Discover and was given a fixed rate of the lowest interest rate they have.

Re: What should my next card be?

Anonymous — Mon, 14 Sep 2020 16:28:15 GMT

How are your scores and DTI? AOD tends to be my first recommendation since it's 3% back on every purchase but they can be touchy about DTI and student loans.

You could always go for the Discover It Miles card. 1.5% cash back on all purchases with a match at 1 year making it 3% on all purchases for the year. The math works out better for people who don't spend enough to max out the regular Discover categories.

Otherwise you can't go wrong with a regular Disco or another NFCU card.

The Freedom is still available on the website as of now but I think it's gone tomorrow. Would probably jump of that if you're under 5/24 so you can double dip the Freedom Flex SUB later.

Re: What should my next card be?

coreysw12 — Mon, 14 Sep 2020 16:32:30 GMT

@Anonymous wrote:
The Freedom is still available on the website as of now but I think it's gone tomorrow. Would probably jump of that if you're under 5/24 so you can double dip the Freedom Flex SUB later.

I think new apps for Freedom won't be accepted anymore after tomorrow, so if anyone's interested in that card then they need to jump on that one immediately... today.

Edit: whoops you pretty much just said that

Re: What should my next card be?

Anonymous — Mon, 14 Sep 2020 16:35:52 GMT

@coreysw12 wrote:
@Anonymous wrote:
The Freedom is still available on the website as of now but I think it's gone tomorrow. Would probably jump of that if you're under 5/24 so you can double dip the Freedom Flex SUB later.
I think new apps for Freedom won't be accepted anymore after tomorrow, so if anyone's interested in that card then they need to jump on that one immediately... today.
Edit: whoops you pretty much just said that

To be fair, I did a ninja edit so it may not have been there the first time you saw it. 😂

Re: What should my next card be?

Anonymous — Mon, 14 Sep 2020 16:39:45 GMT

@Anonymous wrote:
How are your scores and DTI? AOD tends to be my first recommendation since it's 3% back on every purchase but they can be touchy about DTI and student loans.

You could always go for the Discover It Miles card. 1.5% cash back on all purchases with a match at 1 year making it 3% on all purchases for the year. The math works out better for people who don't spend enough to max out the regular Discover categories.

I would also recommend AOD first. If you go for Discover IT Miles, plan to convert it to the standard IT after the first year. Once the match has ended, it's just a 1.5% card with (somewhat) reduced acceptance compared to a V/MC, whereas the standard IT still has the opportunity for 5%

Re: What should my next card be?

Anonymous — Mon, 14 Sep 2020 16:44:22 GMT

@Anonymous wrote:
@Anonymous wrote:
How are your scores and DTI? AOD tends to be my first recommendation since it's 3% back on every purchase but they can be touchy about DTI and student loans.

You could always go for the Discover It Miles card. 1.5% cash back on all purchases with a match at 1 year making it 3% on all purchases for the year. The math works out better for people who don't spend enough to max out the regular Discover categories.
I would also recommend AOD first. If you go for Discover IT Miles, plan to convert it to the standard IT after the first year. Once the match has ended, it's just a 1.5% card with (somewhat) reduced acceptance compared to a V/MC, whereas the standard IT still has the opportunity for 5%

Nah I would apply for the Discover It as a second card when the year is up and get the 10% match as long as they're still offering it. Use the card heavily, ask for a CLI at 6 months, if offered cancel out and call customer service to roll the Miles into the new It.

Re: What should my next card be?

kdm31091 — Mon, 14 Sep 2020 16:48:27 GMT

As far as I know discover now requires a year of history on a new account before a CLI is granted

Re: What should my next card be?

glockrunner — Mon, 14 Sep 2020 17:04:57 GMT

@Anonymous wrote:
How are your scores and DTI? AOD tends to be my first recommendation since it's 3% back on every purchase but they can be touchy about DTI and student loans.

You could always go for the Discover It Miles card. 1.5% cash back on all purchases with a match at 1 year making it 3% on all purchases for the year. The math works out better for people who don't spend enough to max out the regular Discover categories.

Otherwise you can't go wrong with a regular Disco or another NFCU card.

The Freedom is still available on the website as of now but I think it's gone tomorrow. Would probably jump of that if you're under 5/24 so you can double dip the Freedom Flex SUB later.

Scores are all over 700 for FICO 8 and mid-high 700'S for FICO 9. DTI is 18%, UTL is 3%

Re: What should my next card be?

coreysw12 — Mon, 14 Sep 2020 17:35:51 GMT

Is your primary goal cashback or travel rewards? If you're looking to expand into travel rewards, and if you're under 5/24, it's really hard to go wrong with the Chase UR ecosystem - with the CSP being a great first card for that (60k SUB).

A lot of people feel that travel rewards aren't the greatest option right now with the pandemic, but I feel the opposite - that it's the perfect time to accumulate a huge stash of travel rewards for when this eventually blows over

Re: What should my next card be?

glockrunner — Mon, 14 Sep 2020 19:23:58 GMT

@coreysw12 wrote:
Is your primary goal cashback or travel rewards? If you're looking to expand into travel rewards, and if you're under 5/24, it's really hard to go wrong with the Chase UR ecosystem - with the CSP being a great first card for that (60k SUB).

A lot of people feel that travel rewards aren't the greatest option right now with the pandemic, but I feel the opposite - that it's the perfect time to accumulate a huge stash of travel rewards for when this eventually blows over

Normally I would definitely be traveling 2x a year and a travel card would be a must. But I don't plan on traveling for a year or so, so a travel card is a no at this time. I will be making somewhat large purchases soon and maybe a low interest card would be good with 0 interest for a year.

Re: What should my next card be?

coreysw12 — Mon, 14 Sep 2020 19:48:45 GMT

@glockrunner wrote:
@coreysw12 wrote:
Is your primary goal cashback or travel rewards? If you're looking to expand into travel rewards, and if you're under 5/24, it's really hard to go wrong with the Chase UR ecosystem - with the CSP being a great first card for that (60k SUB).

A lot of people feel that travel rewards aren't the greatest option right now with the pandemic, but I feel the opposite - that it's the perfect time to accumulate a huge stash of travel rewards for when this eventually blows over
Normally I would definitely be traveling 2x a year and a travel card would be a must. But I don't plan on traveling for a year or so, so a travel card is a no at this time. I will be making somewhat large purchases soon and maybe a low interest card would be good with 0 interest for a year.

Freedom Unlimited might be a good fit then, as it has no AF and 0% 15mo intro APR, and decent everyday cashback rewards at 1.5% and 3% dining. And with whatever cashback you haven't redeemed by the time you get back into traveling again, you can convert into travel rewards with a new CSP/CSR, giving you a head start on getting back into the travel game again.

Re: What should my next card be?

glockrunner — Mon, 14 Sep 2020 21:18:49 GMT

@coreysw12 wrote:
@glockrunner wrote:
@coreysw12 wrote:
Is your primary goal cashback or travel rewards? If you're looking to expand into travel rewards, and if you're under 5/24, it's really hard to go wrong with the Chase UR ecosystem - with the CSP being a great first card for that (60k SUB).

A lot of people feel that travel rewards aren't the greatest option right now with the pandemic, but I feel the opposite - that it's the perfect time to accumulate a huge stash of travel rewards for when this eventually blows over
Normally I would definitely be traveling 2x a year and a travel card would be a must. But I don't plan on traveling for a year or so, so a travel card is a no at this time. I will be making somewhat large purchases soon and maybe a low interest card would be good with 0 interest for a year.
Freedom Unlimited might be a good fit then, as it has no AF and 0% 15mo intro APR, and decent everyday cashback rewards at 1.5% and 3% dining. And with whatever cashback you haven't redeemed by the time you get back into traveling again, you can convert into travel rewards with a new CSP/CSR, giving you a head start on getting back into the travel game again.

Thanks for the advice. Looks like a really good card. Like the 3% dining. also, I read it has a 3% drugstore and 5% travel.

Only downfall is I burned them back in 2011. Was a chargeoff, but paid and no longer on CR. Learned a valuable lesson. Maybe I can do a prequal.

Re: What should my next card be?

coreysw12 — Mon, 14 Sep 2020 21:39:04 GMT

@glockrunner wrote:
Thanks for the advice. Looks like a really good card. Like the 3% dining. also, I read it has a 3% drugstore and 5% travel.
Only downfall is I burned them back in 2011. Was a chargeoff, but paid and no longer on CR. Learned a valuable lesson. Maybe I can do a prequal.

Fellow Glock fan here by the way, haha. I burned Chase too, with 2 charged off cards in 2016. For some reason they still gave me the CFU and CSP last year, so they can be forgiving at least in some circumstances. I've heard of others that have been blacklisted for 10+ years, so YMMV. It's worth checking out the prequal page first for sure.

Re: What should my next card be?

glockrunner — Mon, 14 Sep 2020 21:55:29 GMT

@coreysw12 wrote:
@glockrunner wrote:
Thanks for the advice. Looks like a really good card. Like the 3% dining. also, I read it has a 3% drugstore and 5% travel.
Only downfall is I burned them back in 2011. Was a chargeoff, but paid and no longer on CR. Learned a valuable lesson. Maybe I can do a prequal.
Fellow Glock fan here by the way, haha. I burned Chase too, with 2 charged off cards in 2016. For some reason they still gave me the CFU and CSP last year, so they can be forgiving at least in some circumstances. I've heard of others that have been blacklisted for 10+ years, so YMMV. It's worth checking out the prequal page first for sure.

Thank you brother! Looking for my 3rd .

I went and did the pre-qual and got the dreaded "We are unable to locate any offers for you at this time" and opt-out mumbo-jumbo. Does this mean I am blacklisted? Did you get offers on your pre-qual?

Re: What should my next card be?

coreysw12 — Mon, 14 Sep 2020 22:11:27 GMT

@glockrunner wrote:
@coreysw12 wrote:
@glockrunner wrote:
Thanks for the advice. Looks like a really good card. Like the 3% dining. also, I read it has a 3% drugstore and 5% travel.
Only downfall is I burned them back in 2011. Was a chargeoff, but paid and no longer on CR. Learned a valuable lesson. Maybe I can do a prequal.
Fellow Glock fan here by the way, haha. I burned Chase too, with 2 charged off cards in 2016. For some reason they still gave me the CFU and CSP last year, so they can be forgiving at least in some circumstances. I've heard of others that have been blacklisted for 10+ years, so YMMV. It's worth checking out the prequal page first for sure.
Thank you brother! Looking for my 3rd .
I went and did the pre-qual and got the dreaded "We are unable to locate any offers for you at this time" and opt-out mumbo-jumbo. Does this mean I am blacklisted? Did you get offers on your pre-qual?

I just did their prequal page too, and got the same message.

Originally, I was pre-qualified when I logged into my Chase checking account and saw the infamous "green checkmarks" on offers for those 2 cards, and applied for both of them. In the time since, I've never seen anything like that pop up again.

Your scores seem good enough to handle a couple inqiries, so it might be worth a try just cold-applying for it, but if it were me I'd try a few other pre-qual sites and see what else is out there first. Amex Gold might be another one to look into, and they've also got a pre-qual page.

Re: What should my next card be?

glockrunner — Mon, 14 Sep 2020 23:07:18 GMT

@coreysw12 wrote:
@glockrunner wrote:
@coreysw12 wrote:
@glockrunner wrote:
Thanks for the advice. Looks like a really good card. Like the 3% dining. also, I read it has a 3% drugstore and 5% travel.
Only downfall is I burned them back in 2011. Was a chargeoff, but paid and no longer on CR. Learned a valuable lesson. Maybe I can do a prequal.
Fellow Glock fan here by the way, haha. I burned Chase too, with 2 charged off cards in 2016. For some reason they still gave me the CFU and CSP last year, so they can be forgiving at least in some circumstances. I've heard of others that have been blacklisted for 10+ years, so YMMV. It's worth checking out the prequal page first for sure.
Thank you brother! Looking for my 3rd .
I went and did the pre-qual and got the dreaded "We are unable to locate any offers for you at this time" and opt-out mumbo-jumbo. Does this mean I am blacklisted? Did you get offers on your pre-qual?
I just did their prequal page too, and got the same message.
Originally, I was pre-qualified when I logged into my Chase checking account and saw the infamous "green checkmarks" on offers for those 2 cards, and applied for both of them. In the time since, I've never seen anything like that pop up again.

Your scores seem good enough to handle a couple inqiries, so it might be worth a try just cold-applying for it, but if it were me I'd try a few other pre-qual sites and see what else is out there first. Amex Gold might be another one to look into, and they've also got a pre-qual page.

I did, and I'm prequalified for the AMEX Gold and the Navy Platinum with 5.99%