topic Re: Help on New Card in Credit Cards

Help on New Card

iwant700fico — Fri, 10 May 2013 17:57:04 GMT

Short credit history AU on Cap1 $500 limit 15 month history and Just got Chase freedom 4/13 $1000 Limit. Need couple more cards and then garden. Income is $40k.

what do you guys suggest?

Thanks in advance.

Re: Help on New Card

jsucool76 — Fri, 10 May 2013 17:59:29 GMT

What are your scores like? How many inqs?

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 18:03:14 GMT

@jsucool76 wrote:
What are your scores like? How many inqs?

TU is 708

only 1 INQ on TU

Re: Help on New Card

09Lexie — Fri, 10 May 2013 18:37:22 GMT

Is your Freedom reporting?

Re: Help on New Card

jsucool76 — Fri, 10 May 2013 18:38:56 GMT

I would try for any card you're interested in really. Discover IT, maybe an amex charge.

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 18:39:36 GMT

Not yet but I will wait till it does

Re: Help on New Card

09Lexie — Fri, 10 May 2013 18:49:08 GMT

What type of cc are you looking for? Rewards, gas, cash back?

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 19:14:19 GMT

Low interest is my preference.

Re: Help on New Card

09Lexie — Fri, 10 May 2013 19:18:40 GMT

So you intend to carry a balance? Are you a student?

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 19:22:15 GMT

No employed 40k income

Re: Help on New Card

Anonymous — Fri, 10 May 2013 19:24:27 GMT

Discover It and the Amex BCE will have 0% interest for 12 months. The BCE will also have $100 bonus.

You could look into the Citi Diamond Preferred as well for 18 months of 0% interest.

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 19:27:40 GMT

Actually received an offer in mail from CITI diamond ,some sort of preslection letter. I just didn't want waste the INQ if I dont meet their criteria. Does CITI aknowledge AU history ?

Re: Help on New Card

09Lexie — Fri, 10 May 2013 19:29:38 GMT

Cap one for newcomers
Discover IT for rewards and 0% promo
Walmart for free TU and GE CLI

None of these really have a low int rate (Discover has the promo if you qualify) but its not a bad line up. If you keep your balances low or PIF the APR won't be a factor.

Are you a member of a CU?

Re: Help on New Card

09Lexie — Fri, 10 May 2013 19:31:22 GMT

Citi is really an iffy suggestion. I would have said Citi Simplicity or Diamond but their recon is not good at all. You don't have a lot if inq's so one will not hurt if you decide and they decline you.

Re: Help on New Card

Anonymous — Fri, 10 May 2013 19:31:26 GMT

@09Lexie wrote:
Cap one for newcomers
Discover IT for rewards and 0% promo
Walmart for free TU and GE CLI

None of these really have a low int rate (Discover has the promo if you qualify) but its not a bad line up. If you keep your balances low or PIF the APR won't be a factor.

Are you a member of a CU?

I'm going to second the last bit of Lexie's post.

A good CU will generally give you a larger CL and lower interest than a CC from a bank.

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 19:41:48 GMT

yes kinetica credit union.

Re: Help on New Card

09Lexie — Fri, 10 May 2013 19:42:52 GMT

CUs have always been a better source for cc's - lower rates and usually higher CL. I would start there.

Re: Help on New Card

iwant700fico — Fri, 10 May 2013 19:45:44 GMT

Thats for all you inputs. Credit union it is.