topic Re: Should I apply for a new card? in Credit Cards

Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 19:37:37 GMT

Hello,

We just recently purchased a home. I just app'd a HD card as we have several home projects and I just put the refi check in the mail for a refi on my car. (My scores just recently went up, check my sig). None of these things have hit my CR yet. Here are my cards:

Target: 9/07 $200 CL zero balance

Chase Amazon: 12/07 $400 CL zero balance

HD: 02/08 $1001 CL $450 balance (interest free 6 months)

BOA: 06/04 $2400 CL $600 balance (Pay off by end of month)

My question is, I have a BOA card with a 29% APR (opened this 3 years ago when credit was worse. I was thinking of app for a new CC with a lower rate and doing a BT. I would keep that card open, as it is my longest CC, but I want a better rate.

What is your advise?

Re: Should I apply for a new card?

Creditaddict — Wed, 05 Mar 2008 19:42:29 GMT

I would go back to BofA and do there pre-qual thing.

Wont' help with balance transfer of your other BofA but you are long customer, you might get best CL and rate from them. and those scores are really good.

Re: Should I apply for a new card?

dangphuocloc72 — Wed, 05 Mar 2008 19:52:06 GMT

WOW YOU HAVE NICE SCORE , SO GO WITH HOOTER . AMEX .... ANY CARDS GIVE YOU GOOD OFFER .

Re: Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 20:24:51 GMT

I've heard alot of people talk about the Hooters card.

Re: Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 20:27:40 GMT

Ritmeyer,

With those scores you can about get any card with a decent credit limit. AMEX, Sam's club discover

etc. good luck.

Never Ever Pay Late

Re: Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 20:51:39 GMT

Which would be better to app for...chase flexible rewards or a Discover rewards? I have no idea what to app for ?

Re: Should I apply for a new card?

Creditaddict — Wed, 05 Mar 2008 20:59:20 GMT

When in doubt, apply for BOTH! lol

Re: Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 22:08:27 GMT

Well...

I did just app for both. I have a fraud alert on my CR, so I proactively called both companies after I appd online. Discover approved me with a 3000 CL & chase said they will give me an answer in the mail in 5-7 business days and that she couldn't pull up my app.

If I get the chase with a CL above my chase amazon, I'm just going to close the chase amazon. I only opened the account 3 months ago.

Thanks for your help...now I have a better APR!!!!!!!!!

Re: Should I apply for a new card?

Anonymous — Wed, 05 Mar 2008 23:16:19 GMT

If they approve you on the chase ...you may want to see is they will move the cl and history from your old card to the new card. Good luck!

Re: Should I apply for a new card?

Anonymous — Thu, 06 Mar 2008 00:23:31 GMT

congrads on the score increases. How did you manage to get almost a 100 pt gain in less than 3 mos?

Re: Should I apply for a new card?

Anonymous — Thu, 06 Mar 2008 14:08:17 GMT

Our mortgage broker did disputes on all of my and DH baddies. I had some old ones, all paid, but they were ALL deleted. I have only a 30 day late on a student loan from 5 years ago. I only had the BOA charge, target & chase and I had charged all my christmas presents and my util was HIGH! I paid the cards down and it finally posted in Feb. My scores jumped 45 points when the util went down.

DH is another story. His scores went from 585 range to 625 range in that time with almost all his baddies coming off, but a midland credit. He has no credit cards, so I am getting him signed up here so we can keep getting our scores up.

Re: Should I apply for a new card?

Anonymous — Thu, 06 Mar 2008 17:25:47 GMT

@Anonymous wrote:
Our mortgage broker did disputes on all of my and DH baddies. I had some old ones, all paid, but they were ALL deleted. I have only a 30 day late on a student loan from 5 years ago. I only had the BOA charge, target & chase and I had charged all my christmas presents and my util was HIGH! I paid the cards down and it finally posted in Feb. My scores jumped 45 points when the util went down.
DH is another story. His scores went from 585 range to 625 range in that time with almost all his baddies coming off, but a midland credit. He has no credit cards, so I am getting him signed up here so we can keep getting our scores up.

ritmyer, congrats to both you and hubby! WTG!

With scores like yours, you can apply and get almost any card out there.

I applied for a Citi CashReturns card PLUS a Citi Diamond Preferred card this week. Both approved with a $7,500 cl on each of one. They pulled TU for me with a 662 FICO score. I'm in Texas.

I'm NOT suggesting you apply for those, but if you are still in the market for an additional card, I will kindly suggest you consider one of those.

Good luck to you.