Does applying with company you are already with hurt or help?

[Noctilum]

So I'd like to get a card that has 0% interest for longer than a year.  Looking at the following page, I only really have a few options:

http://www.creditcardguide.com/0-apr-credit-cards.php

Chase

Citi

Capital One

I already have cards with Chase and Citi.  Would it be wise to apply with the companies I am already with, or should I go for Capital One? 

I always have zero revolving debt.  The scores in my signature about 4 months old.  I have added an auto loan since then but never keep any credit balances.

[webhopper]

Chase Slate seems to fit your needs:

• $0 INTRO BALANCE TRANSFER FEE FOR TRANSFERS MADE DURING THE FIRST 60 DAYS THE ACCOUNT IS OPEN†
• AFTER THAT, THE FEE FOR FUTURE TRANSACTION IS 3%per cent OF THE AMOUNT TRANSFERRED, WITH A MINIMUM OF $5†
• 0% per cent INTRO APR FOR 15 MONTHS ON PURCHASES†
• 0% per cent INTRO APR FOR 15 MONTHS ON BALANCE TRANSFERS†
• A VARIABLE APR OF 11.99%, 16.99%, OR 21.99%per cent AFTER THE INTRODUCTORY PERIOD ENDS†

I would go for this card... Keep in mind that once your 0% period is over, you may be able to PC the card into something new like a travel rewards card or a Freedom.   Which cards do you currently have with Chase?

[Noctilum]

I currently have a Chase Slate.  Had it since 2009.

I also have the Citi Platinum Select Mastercard.  I have 20 months zero interest on it but that will be ending in October.

[webhopper]

If you have the Slate, then apply for Freedom, its got the same offer and is a better card than slate. I can't speak much to Citi or Cap 1 as I no longer do business with either.

I like the Amazon card because it gives

3 points for every $1 spent on Amazon.com, 2 points for every eligible $1 spent at gas stations, restaurants, and drugstores, and 1 point for every other $1 spent.

The points can be redeemed at Amazon, or statement credit, on gift cards, or on travel... I have been accumulating points so that I can spend them at Christmas on Christmas gifts. 

[Noctilum]

Okay, so you don't think applying for the Chase card would hurt me since I already have a card of theirs?

[Anonymous]

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@Corvidae wrote:

Okay, so you don't think applying for the Chase card would hurt me since I already have a card of theirs?

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As long as you are not going over the limit of how many cards the company allows per account, applying with a company that you are in good standing with only helps you. Basically they trust you more because they actually have experience with you.

[webhopper]

Nope, it would help you. You might also call their executive office and ask them to change your slate to a different product like sapphire or any of the nice rewards cards they have. It doesn't hurt to have multiple chase cards, especially if you're comfortable dealing with them

[CreditScholar]

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@webhopper wrote:
Nope, it would help you. You might also call their executive office and ask them to change your slate to a different product like sapphire or any of the nice rewards cards they have. It doesn't hurt to have multiple chase cards, especially if you're comfortable dealing with them

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+1.

Chase seems to highly value existing customers IF they are profitable. Any kind of existing relationship helps unless it contains baddies, etc. However if you push a lot of money through their cards (50-100k+ per year) and always PIF, personal experience says that they go out of their way to help you.

I'm fairly certain Chase also has their own internal scoring model much like Amex does. If you've had them for awhile and have a low internal risk score, that helps too.

The only time you run into issues with Chase and have a good payment history is when you have too many cards. This depends on your income and credit history, but for most people it's between 3-5 when they start to get wary. If you're not there yet then you don't have much to worry about.

[thrasher865]

Just out of curiousity, you said you never carried a balance.  So, why do you need a 0% offer?  Are you planning on making a large purchase?  If so, does that store have a card with an offer?  For example, Home Depot, HH Gregg, etc have 0% for 12 or 24 month offers constantly.

[thrasher865]

Also, if the scores in your signature are accurate FICO scores, worrying over whether to go with an existing lender or not is trivial.  You're likely to get approved anywhere you look, new lender or not.