topic Re: Getting a new card in Credit Cards

Getting a new card

Anonymous — Sat, 24 Aug 2013 18:44:53 GMT

I was wanting to get a new card. I have a Capital One and a Citi. What should I get for a high CL

Re: Getting a new card

Shogun — Sat, 24 Aug 2013 18:47:09 GMT

Need more information. AAoA... other loans, mortgage, auto,,, What are your CLs on those cards?

Re: Getting a new card

Anonymous — Sat, 24 Aug 2013 19:00:50 GMT

I have a car loan but will be paid off may of next yr. I got my Capital One a yr ago. It started at $300 bit its $500 now. In April I got my Citi with $4300. That's all I have on my credit. I've always paid on time on everything.

Re: Getting a new card

Shogun — Sat, 24 Aug 2013 19:03:06 GMT

Looks like you have a thin file, and maybe a short AAoA. I wouldn't push the issue of high CLs too fast. Do you belong to a CU? Plus, DiscoverIT has been giving out decent CLs, if that one interests you.

Re: Getting a new card

Anonymous — Sat, 24 Aug 2013 19:03:11 GMT

how old is your car loan?

You don't have any lates or negative info on your CR right?

What is your approx. income?

All lenders can start you at high or low CLs. There's no one card to apply for high CL. It just depends on your income and whatever is in your CR itself.

Re: Getting a new card

Creditaddict — Sat, 24 Aug 2013 19:08:13 GMT

go online and request CLI on your capital one card now (it's a sp)

go check pre-qual for Chase and see if you get an offer

or perhaps american express blue cash preferred

Re: Getting a new card

Anonymous — Sat, 24 Aug 2013 19:28:25 GMT

Ok, I don't really know all the abbreviations. So I'm not sure what CU is. I looks it up and it said (credit union) idk what that is, so I guess I'm not. My car was ran for 2yrs and I'm never late on anything. My income is $35k. And in April when I got my Citi card my score was 721

Re: Getting a new card

09Lexie — Sat, 24 Aug 2013 19:35:08 GMT

What type of cc are you looking for? Rewards, Travel, Cashback?

Re: Getting a new card

Anonymous — Sat, 24 Aug 2013 19:43:14 GMT

I was thinking travel. My Citi is cash back but only up to $300 a yr. If there are better cash back I'd like that

Re: Getting a new card

myjourney — Sun, 25 Aug 2013 04:34:09 GMT

@Anonymous wrote:
I was thinking travel. My Citi is cash back but only up to $300 a yr. If there are better cash back I'd like that

Welcome to the forum

How many INQ's = inquiries have you had in the last year and in case I mised it do you know your scores?

Re: Getting a new card

Anonymous — Sun, 25 Aug 2013 05:21:33 GMT

I've just had one in the last year. And I haven't had the actual credit report pulled so see my 3 scores. Bit when I got my last card in April, the paper said my score was 721

Re: Getting a new card

myjourney — Sun, 25 Aug 2013 05:25:31 GMT

@Anonymous wrote:
I've just had one in the last year. And I haven't had the actual credit report pulled so see my 3 scores. Bit when I got my last card in April, the paper said my score was 721

Ok so INQ's are low but you really need your scores to proceed.

The 721 was it EX EQ TU?

With this info it will be better to advise you in which direction to go

Re: Getting a new card

Anonymous — Sun, 25 Aug 2013 05:39:20 GMT

It didn't say. When I got my last card, on the paperwork that came with it said my score was 721. I never got my CR pulled because I knew it would lower my score. Sorry. Should get my CR pulled knowing I'm gonna try and get another card? If so, wouldn't that make my score lower?

Re: Getting a new card

myjourney — Sun, 25 Aug 2013 05:52:03 GMT

@Anonymous wrote:
It didn't say. When I got my last card, on the paperwork that came with it said my score was 721. I never got my CR pulled because I knew it would lower my score. Sorry. Should get my CR pulled knowing I'm gonna try and get another card? If so, wouldn't that make my score lower?

Pulling your CR's does not lower you scores when done by you..A lender pull lowers scores also known as an HP.

If you still have the letter with the score it will say which CB they based the 721 on EX EQ TU

Re: Getting a new card

09Lexie — Sun, 25 Aug 2013 06:00:59 GMT

And what's your util?

Re: Getting a new card

azguy13 — Sun, 25 Aug 2013 06:03:41 GMT

Based on reading this thread, my advice to the OP would be to take a week to read this forum and educate yourself. After a week or so of understanding what credit is and how it is used, you will be in a better place to make a more educated decision. It will be well worth it.

Re: Getting a new card

Anonymous — Sun, 25 Aug 2013 06:43:04 GMT

They used TU and I don't really use my capital one card and about 60% of my Citi Card. I don't max it out ever only reasons I have it that high is because there's no interest and I didn't know about only using 20-30% of the CL and it will be played off next month

Re: Getting a new card

myjourney — Sun, 25 Aug 2013 06:50:05 GMT

@Anonymous wrote:
They used TU and I don't really use my capital one card and about 60% of my Citi Card. I don't max it out ever only reasons I have it that high is because there's no interest and I didn't know about only using 20-30% of the CL and it will be played off next month

After your UTL is payed down and reports to CR's I would look into Amex and Chase cards

Do you currently have any cards with 5K limits or better?

Re: Getting a new card

09Lexie — Sun, 25 Aug 2013 06:50:04 GMT

I agree with azguy13. Go through the threads, ask questions and then narrow it down to your top picks. Although we can give you a list of our top picks, they may not be best for you. More information regarding your travel needs ie lounge access, domestic, international, particular airline and how many times a year you plan to travel- would be a big help

Would you benefit with a hotel cc? If so, where do you stay?

Re: Getting a new card

dddewdrop — Sun, 25 Aug 2013 21:24:55 GMT

whic citi card do you have? What range are your fico scores in? What is your income level? What are you trying to accomplish with a third card? It is really up to you as to what you are trying to do. If you are trying to simply build your credit I would certainly recommend getting a third card as soon as possible. In my opinion it is healthy to get 4 good tradelines gardening as soon as possible so you can good roots for a solid AAOa down the line. When I consider which cards to get I consider relationships. I want to have a good relationship with some of the biggest banks in the US so I am trying to have a relationship with each of them by getting one card from each. The companies I hav considered in this are Bank of america, chase, citibank, and wells fargo because they are all huge major companies and it would not be bad to establish a relationship with any of them .BEyond that I apply for cards that don't have a lot of fees. There are lots of choices out there with no annual fee so I look for that. I also look at the customer service ratings for these companies because that is important to me. I look at the interest rate that they are offering and the terms and compare. To help me do that I use several sites on the web. Good luck.