I keep getting emails and mailers from Cap One offering me another of the same card I have ($39 AF) cash back no hassle rewards. I am currently carrying a balance on my cap card but will be paying it off soon. I have $2250 credit limit on it and it's about a year and a half old. I would probably not apply until it is paid off.
I have an Orchard that I want to close when I get another card. It's been stuck at 300 for the entire year and a half that I have had it. ($0 balance)
Should I go ahead and apply for the second card? If I knew it would increase like the first, it would be a no brainer. Just the fact that it is a rewards card with a lower AF and probably a higher starting amount (I started at $500 with my current) makes it better than my orchard.
Or should I just keep waiting until 2013 when the last of my baddies fall off. I also have a home depot card ($4,000 - balance $150. No interest until January) and a Kohls card ($400 - $0 balance).
