I got a offer in the mail today for the fidelity visa since I have an investment account with them. I wasn't planning on apping for any new cards in the near future but they have a 0% balance transfer I'd like to take advantage of and in the long term I'd appreciate a 2% card as I don't have one yet. 13.99 APR.
Currently my experience fico is 694 but I have two cards with high balances (0% offers I'm taking advantage of) which have increased my utilization and lowered my score. My plan is to pay one totally off by the end of this year, which I could do before applying for the fidelity.
Two cards opened in past year (9 mo/8 mo). Rest between 1-3 years.
Questions: how many cycles will it take for my score to go up after the util drops? Trying to figure out timing of paying off the discover balance.
What are my approval chances for this card?
If approved, how generous is fidelity with starting limits? Wondering if I would get enough to be useful as a balance transfer card.
Other cards/SL
CAP 1 quicksilver $2,500
PayPal credit $3,000
NFCU Platinum $15,500
Discover IT $14,700
Amex delta blue $2,800
Amex delta platinum $2,000
Amex every day $11,000
Amex BCP $18,000
5 store cards with limits between $1500-4000
Thanks!
