Citi Double Cash

[Anonymous]

Yes, the DC is a Mastercard.

[Anonymous]

Just wanted to give a little update.

First, thank you all for your explanations and suggestions.

My score somehow did not bounce back up after the freedom unlimited reported a balance of about 300$ again. The score went up by like 10 points or so compared to a 0$ balance that it had the month before. To me it seems that the drop in score might have been mostly caused by closing my secured Wells Fargo card. I knew that it was not ideal to close this card but I did not want to pay the 25$ fee for a secured card that had no chance of ever being unsecured.

In the end I decided not to apply for the Citi Double Cash right now. I have two cards now and a total credit limit of 16300$. I am happy with that. Honestly, I did not expect to get such high limits from Chase given that my credit history was only based on a secured card with a 300$ limit when I first applied.  For now I will just wait a few months until my scores are back up again and then apply for the Double Cash.

[hawkins]

I am curious. I do not as of yet have any chase products. As I understand it the freedom unlimited is better then the freedom right? Is it possible to combine the 2 into the freedom unlimited?

[Anonymous]

The freedom unlimited isn't "better" or "worse" than the regular freedom. They are very different products. The first is 1.5% back on everything, where the other is essentially a 5% rotating category card, although you get 1% on non-category purchases. Which one makes more sense for you depends on your monthly spend, as well as the other cards you currently use (ie if you already have a 2% general spend card, taking on a 1.5% CB FU may not make the most sense).