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Hello Gals and Guys -
I have two credit cards right now, a Discover IT($750) and Capital One Platinum($2,000, upped from $500 three or four months ago). I've had the Capital One for a year and the Discover 10 months. All payments have been made on time. I'm happy with the Discover and like the free credit score, but I'm getting offers in the mail for the Capital One Quicksilver card. I'm wondering whether if I call them they'd flip me over to the Quicksilver card or I would have to apply for that, then close the discover card? It seems like the Quicksilver card has better cashback, which is I'm after.
I'd also like to apply for the Amex Blue Card, mainly for the 6% cashback on groceries and 3% on gas. According to my Discover card, my credit score is 720, which is good considering it was zero a year and a half ago when I got my car loan. I paid off my car loan last year and the only real debt I have is my credit cards, which is usually less than $500 at any given moment. So I'm wondering whether I should apply now or wait six more months and let my score build up some more? Any and all help greatly appreciated. Thanks.
@Calculon wrote:Hello Gals and Guys -
I have two credit cards right now, a Discover IT($750) and Capital One Platinum($2,000, upped from $500 three or four months ago). I've had the Capital One for a year and the Discover 10 months. All payments have been made on time. I'm happy with the Discover and like the free credit score, but I'm getting offers in the mail for the Capital One Quicksilver card. I'm wondering whether if I call them they'd flip me over to the Quicksilver card or I would have to apply for that, then close the discover card? It seems like the Quicksilver card has better cashback, which is I'm after.
I'd also like to apply for the Amex Blue Card, mainly for the 6% cashback on groceries and 3% on gas. According to my Discover card, my credit score is 720, which is good considering it was zero a year and a half ago when I got my car loan. I paid off my car loan last year and the only real debt I have is my credit cards, which is usually less than $500 at any given moment. So I'm wondering whether I should apply now or wait six more months and let my score build up some more? Any and all help greatly appreciated. Thanks.
Call cap 1 and see if they can give you the PC! As for Discover I would not close it they have the 5% cat. And shop Discover also it will grow
Yes, I agree with the above statement, you have a great chance of getting the BCP from Amex. The worst that'll happen is they'll pull your report(s) and give you a list of things to work on... But, I think you'll be approved.
I agree with the others! To help with abbreviations at the top of the credit card page there is a post helpful threads, in there is a list of common abbreviations. Good luck in your credit journey!
@Calculon wrote:I'm wondering whether if I call them they'd flip me over to the Quicksilver card or I would have to apply for that, then close the discover card?
You'd have to call to find out.
1. you can log in online at capital one and go to "Modify my features" button and see if you are eligible to PC to quicksilver... if not, google capital one ceo and email him and they will do it.
2. call discover and ask if you could get a sp cli
3. apply for a 3rd card (i agree with amex.)
@Calculon wrote:Hello Gals and Guys -
I have two credit cards right now, a Discover IT($750) and Capital One Platinum($2,000, upped from $500 three or four months ago). I've had the Capital One for a year and the Discover 10 months. All payments have been made on time. I'm happy with the Discover and like the free credit score, but I'm getting offers in the mail for the Capital One Quicksilver card. I'm wondering whether if I call them they'd flip me over to the Quicksilver card or I would have to apply for that, then close the discover card? It seems like the Quicksilver card has better cashback, which is I'm after.
I'd also like to apply for the Amex Blue Card, mainly for the 6% cashback on groceries and 3% on gas. According to my Discover card, my credit score is 720, which is good considering it was zero a year and a half ago when I got my car loan. I paid off my car loan last year and the only real debt I have is my credit cards, which is usually less than $500 at any given moment. So I'm wondering whether I should apply now or wait six more months and let my score build up some more? Any and all help greatly appreciated. Thanks.
You have to spend more than $75 a week on groceries before the BCP is better than the Sallie Mae Mastercard. And the Sallie Mae earns much more cash back on Gas purchases. If you buy things from amazon.com or other bookstores, then its a home run.
Its the $75 annual fee on the BCP, you can't earn more than 4.75% cash back on groceries, and you have to spend exactly $6000 a year on groceries alone to achieve that rate. Spend, say, $4800 a year on grocery, and $$1200 on gas, and you only earn 4.15% cash back.