topic Re: Card recommendation in Credit Cards

Card recommendation

Anonymous — Thu, 29 Oct 2020 15:45:34 GMT

I'm currently in the mortgage process and should close sometime in mid-to-late November. This is my first home purchase and we have a lot to buy to furnish (furniture, electronics, tools, yard equipment, ultimately materials to finish the basement). I would really like to find a card with 12 months of no interest, if possible, and a limit of around $5k, min. I currently have 3 cards with a total limit of $11,500 and a UTI of 1%. My scores:

Eq Bankcard-8: 744

Eq Bankcard-5: 727

Tu Bankcard-8: 741

Tu Bankcard-4: 706

Ex Bankcard-8: 716

Ex Bankcard-2: 729

Ex Fico-3: 673

Can anybody recommend a card that can accomodate my needs?

Re: Card recommendation

ldkcivilservant — Thu, 29 Oct 2020 15:51:37 GMT

That cards to you currently hold? Balances?

Do you have a way in to NFCU?

Re: Card recommendation

Anonymous — Thu, 29 Oct 2020 18:51:08 GMT

@ldkcivilservant wrote:
That cards to you currently hold? Balances?

Do you have a way in to NFCU?

Hey @ldkcivilservant I appreciate the reply. Here's what I got:

Capital One Quick Silver One (MC): $108/$3000

Capital One Platinum (MC): $0/$6500

Chase Southwest (Visa): $0/$2000

Pretty sure that I don't have a way in to NFCU, unfortunately.

Re: Card recommendation

Anonymous — Thu, 29 Oct 2020 19:12:22 GMT

It won't get you furniture per se, but any homeowner could do a lot worse than a Lowe's card. Mine is one of my most-used cards, a few times a week easily. There's always something I can use there.

Re: Card recommendation

GrandBaker — Thu, 29 Oct 2020 21:32:10 GMT

U.S. Bank Platinum has 0% APR for 20 billing cycles.

https://www.usbank.com/credit-cards/visa-platinum-credit-card.html

Congratulations on the house!

Re: Card recommendation

GrandBaker — Thu, 29 Oct 2020 21:33:27 GMT

AMEX Everyday card also has a 0% APR for 15 billing cycles but regardless of your credit limit you can only balance transfer $5,000 (if you are thinking in that direction).

Re: Card recommendation

sxa001 — Fri, 30 Oct 2020 00:43:03 GMT

If it were me I would choose a rewards card that also had an intro purchase APR. Chase Freedom Flex is doing 0% for 15 months right now. Below I pasted the rewards, you can see it's a pretty solid cashback card (or you can redeem the awards with transfer partners or travel on their portal). I am pretty biased as I am pretty well sold on this card but you would also get your 0% APR financing so seems like a solid pick

Chase Freedom Flex℠'s Rewards

Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.

Re: Card recommendation

Anonymous — Fri, 30 Oct 2020 14:59:34 GMT

Appreciate the responses! Now i'm just wondering if my credit is good enough to qualify for some of these awesome deals...

Re: Card recommendation

addicted_to_credit — Fri, 30 Oct 2020 18:00:26 GMT

@Anonymous wrote:
Appreciate the responses! Now i'm just wondering if my credit is good enough to qualify for some of these awesome deals...

As long as your income is good and your FICO8(?) is in line with the bank card scores and assuming you're under 5 new revolver accounts (credit cards and lines of credit) I'd like to think you'd have a great shot at the chase card mentioned up thread.

Re: Card recommendation

Anonymous — Fri, 30 Oct 2020 21:53:59 GMT

@addicted_to_credit wrote:
@Anonymous wrote:
Appreciate the responses! Now i'm just wondering if my credit is good enough to qualify for some of these awesome deals...
As long as your income is good and your FICO8(?) is in line with the bank card scores and assuming you're under 5 new revolver accounts (credit cards and lines of credit) I'd like to think you'd have a great shot at the chase card mentioned up thread.

They are...I think that I'm going to go for it...right after closing, that is! I might ask my Loan Processer if I can do it beforehand, but I really dont want to take the chance of screwing anything up.

Re: Card recommendation

addicted_to_credit — Fri, 30 Oct 2020 23:10:08 GMT

@Anonymous wrote:
@addicted_to_credit wrote:
@Anonymous wrote:
Appreciate the responses! Now i'm just wondering if my credit is good enough to qualify for some of these awesome deals...
As long as your income is good and your FICO8(?) is in line with the bank card scores and assuming you're under 5 new revolver accounts (credit cards and lines of credit) I'd like to think you'd have a great shot at the chase card mentioned up thread.
They are...I think that I'm going to go for it...right after closing, that is! I might ask my Loan Processer if I can do it beforehand, but I really dont want to take the chance of screwing anything up.

Yeah that's one case I'd rather ask permission than forgiveness....explain why you want to do and why, the worst the LP can say is no and that's better than a no loan for you.

Re: Card recommendation

MisterWives — Sat, 31 Oct 2020 06:46:39 GMT

@Anonymous wrote:
@addicted_to_credit wrote:
@Anonymous wrote:
Appreciate the responses! Now i'm just wondering if my credit is good enough to qualify for some of these awesome deals...
As long as your income is good and your FICO8(?) is in line with the bank card scores and assuming you're under 5 new revolver accounts (credit cards and lines of credit) I'd like to think you'd have a great shot at the chase card mentioned up thread.
They are...I think that I'm going to go for it...right after closing, that is! I might ask my Loan Processer if I can do it beforehand, but I really dont want to take the chance of screwing anything up.

I'm pretty sure it's a very bad idea to do anything that affect your credit or banking as I know a couple people were warned when buying a house if they did so all their documentation for getting a home loan can go sour in the bank offering the loans view they don't like new variables. Of course though if they say okay then maybe, but I honestly wouldn't take the chance