Currently I have a CreditOne for $600, a Discover IT for $1000 and a Capital One QS for $500... Scratch that... I have a Capital One QS for $1000!
I paid my QS in full yesterday, statement cut today and was given a $500 auto CLI as well. Pretty happy with that.
So I checked out some prequal sites. Finally I am offered the AMEX Blue with 0% APR for 15 months, 17.74% after that and the $150 bonus after spend. Before I would recieve an offer but no intro benefits and $500 SL for 6 months. Cool!
Then, on a dare, I went over to Chase's prequal site. I have never before recieved any offers from them so was very surprised to receive offers for Freedom Unlimited, Slate, and Sapphire Preferred! These all come with all of the bonuses as well. I am listed as authorized user on another card so technically I am at 4/24. If they were to look past the AU I would consider getting the FU/CSP or F/CSP combo. We easily manage enough spend to collect any and all bonuses. Is Chase still allowing reconsideration where it comes to AU accounts?
Say we get the Chase products: AMEX doesn't have any restrictions such as 5/24 do they? I think the idea would be to get the AMEX Blue Preferred soon as possible.
Which other prequal sites can I check out?
Also, I've had my Discover for 100 days or so and the third statement is due to cut tomorrow. It has a $25 balance on it. I plan to ask for a CLI next week. Should I wait and see if they will offer an auto and then ask instead? Any idea how long that usually takes?
The CreditOne card... Honestly the only reason I have it around is to help with util. We all know its a POS card. Should I keep it around for util reasons and dump before the year mark or should I dump now? Do you think its presence as an open account will prejudice anyone considering my file for CLI or approvals?
One last question/scenario. Please correct me if I am wrong:
I PIF each month before the statement cuts except for one card which I will have around 3-5% util on. My total util is usually 1%. So... If I buy a large purchase on a card that has 0 balance on it I technically will not accrue interest unless I still have part of that purchase showing after 1 month and 21 days. Assuming the only the only purchase on the card is that original one. And realizing that allowing the card to report with a high balance at all is going to hit my score temporarily as well as my reports retain memory of that high balance going forward. Correct or no?
