The Cash Magnet is not very useful if you already have the Freedom Unlimited, and the Amex Green is not very useful if you have the CSP. If you want to maximize rewards, try to fill out your 5/24 with other Chase cards before you move on.
And also, unless you're paying 0% interest on that 19% utilization, I'd pay those off before apping for new cards.
[2/2019]
No one is saying don’t apply at all, but you should think about your objectives.
Back to the question about what you owe on each card, the reason I ask is one card option is the Slate. If you move debt from a Citi card to lower interest on Slate, that can help you reduce debt. Later the Slate can be PC’d to a Freedom, giving you a good rewards addition to the CSP and Unlimited.
If you have all the owed amounts on the Chase cards, that significantly changes how you should proceed next. Any UR points you earn on these cards, if carrying interest cost, wipes out the points value due to too much interest cost.
The number of UR points you have is good to know for strategizing where to look for rewards.
Back to the question about what you owe on each card, the reason I ask is one card option is the Slate. If you move debt from a Citi card to lower interest on Slate, that can help you reduce debt. Later the Slate can be PC’d to a Freedom, giving you a good rewards addition to the CSP and Unlimited.
If you have all the owed amounts on the Chase cards, that significantly changes how you should proceed next. Any UR points you earn on these cards, if carrying interest cost, wipes out the points value due to too much interest cost.
The number of UR points you have is good to know for strategizing where to look for rewards.
The balance transfer leads to a change in the balances on specific cards, so yes it can affect score. Often bringing a debt to a low APR or zero APR card raises the utilization
The big advantage to a BT is that it lowers your interest cost, making it possible to pay down the debt slightly faster. As utilization declines score improves.
The big advantage to a BT is that it lowers your interest cost, making it possible to pay down the debt slightly faster. As utilization declines score improves.
If you’re looking to BT, the Slate is indeed a good option. If you can tell us what your goals are, we will be able to give better recommendations. In short:
For rewards—get more UR cards, like the freedom or Ink cards.
For BT—Citi double cash, Citi diamond preferred, or chase slate.
For Amex—see if you qualify for the ED, they had a BT offer along with a welcome bonus. The main perk of getting in with Amex are either their partners (delta+Hilton) or MR. So it’s probably best to shoot for those cards instead of a cash magnet or green card which are effectively redundant given which cards you already have.
For rewards—get more UR cards, like the freedom or Ink cards.
For BT—Citi double cash, Citi diamond preferred, or chase slate.
For Amex—see if you qualify for the ED, they had a BT offer along with a welcome bonus. The main perk of getting in with Amex are either their partners (delta+Hilton) or MR. So it’s probably best to shoot for those cards instead of a cash magnet or green card which are effectively redundant given which cards you already have.
Slate is indeed a good option. Once you're done paying your balance off, you can transfer all or part of the Slate credit line to Freedom Unlimited or Sapphire Preferred. Win/Win!
You could also just PC to a freedom as well to add to your UR arsenal.