At this point I am committed to applying for credit cards on Tuesday, February 11th at the latest as Citizens will be issuing a statement on the following day.
I also need to raise cash to repay the 60 day loan from the ROTH IRA so waiting longer would be pushing my luck there as well.
As Navy Federal Credit Union will not be issuing a statement until February 16th I either will win my dispute or proceed with 90% utilization on that card with 5% overall credit utilization.
Assuming the worst case that I am applying with 90% utilization ($7,315 of $8,100) on that one card it would make some sense to talk about the cards I had planned to apply for in that context and to priotitize the issuers most likely to approve me or give a large balance in spite of this.
The list below includes the cards I was looking at and the order I had ranked them when I did not know I would have this problem:
1. Bank of America Limited Rewards
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$200 Cash Rewards if Spending Target Reached
1.5% Cash Back
2. Chase Freedom Flex
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$200 Cash Rewards if Spending Target Reached
5% Cash back on Quarterly Category up to $1,500
3. Wells Fargo Active Cash
0% on Purchases for 12 Months
0% on Balance Transders for 12 Months (3% BT Fee)
No Annual Fee
2% Cash Back
4. Amex Blue Everyday
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$250 Cash Rewards if Spending Target Reached
3% Cash back on three categories, 1% Otherwise
5. TD Bank Double Up Card
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
2% Cash Back
6. Edward Jones World Mastercard
1. Bank of America Limited Rewards
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$200 Cash Rewards if Spending Target Reached
1.5% Cash Back
2. Chase Freedom Flex
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$200 Cash Rewards if Spending Target Reached
5% Cash back on Quarterly Category up to $1,500
3. Wells Fargo Active Cash
0% on Purchases for 12 Months
0% on Balance Transders for 12 Months (3% BT Fee)
No Annual Fee
2% Cash Back
4. Amex Blue Everyday
0% on Purchases for 15 Months
0% on Balance Transders for 15 Months (3% BT Fee)
No Annual Fee
$250 Cash Rewards if Spending Target Reached
3% Cash back on three categories, 1% Otherwise
5. TD Bank Double Up Card
0% on Balance Transders for 15 Months (3% BT)
No Annual Fee
$150 Bonus if spending target reached
2% Cash Back
6. Edward Jones World Mastercard
0% on Balance Transders for 12 Months (0% BT Fee in first 60 days)
No Annual Fee
Loyalty Points
Given what we know now, how would you prioritize these cards if I were to throw caution to the wind and apply with Navy Federal showing $7,315 on my credit reports?
