Need Help Picking 3rd Credit Card.

[smile90000]

Situation: I have two credit cards and am looking for a third. My main goal is finding a card that tends to offer generous credit limits. My credit union card won't increase my limit available because of the balance on my student loans... The rate is so low it just doesn't make sense to pay my student loans off early even though I could pay three of them off. I prefer to have my rainy day fund. And Citi double cash just gives me $2500.

1. My credit scores vary from 780s to as high as 807.
2. Credit history of over 20 years
3. Pay off balances every month

My total available credit right now is 10,000. I'm just looking for around an additional $2500 to 5000.

I just don't want to waste a hard pull for another 1000.

Thanks!

[lg8302ch]

What is your AAoA or in other words ... how old are the two credit cards you have? What are you looking for? (Cash back, points/travel, BT, etc)  what should this 3rd card do for you other than giving a high limit? 

[smile90000]

I have two cards. One for 20 years. One 1 year. Student loans are 10 years old.

Besides credit limit. Other factors. 1. Flexibility. I prefer not to get Discover. 2. Regular Interest rate 3. suppose a 0 percent intro interest rate would be nice but not a requirement.

[Anonymous]

---

@smile90000 wrote:
I have two cards. One for 20 years. One 1 year. Student loans are 10 years old.

Besides credit limit. Other factors. 1. Flexibility. I prefer not to get Discover. 2. Regular Interest rate 3. suppose a 0 percent intro interest rate would be nice but not a requirement.

---

What is your defination of [flexibility]?.  Also, you didn't touch on whether whether you want a cashback card or miles?  Or do you want a hybrid of both? Again, what do you consider a regular interest rate?

If your main goal is just a high limit with some 0% thrown in there then look at the Amex Blue Cash Everyday or you can look at Capital One's Quicksilver Cards or Ventures.

[smile90000]

In about a year I will need to make a purchase via credit card of around $14000. Although I have the cash, I prefer to use credit cards so that I have certain protections. I will pay it off within one or two billing cycles. Problem: the current credit limit is just $10,000 between both cars. Sorry I didnt include in my first post.

And flexibility meant I didn't want Discover because it isn't accepted by the vendor I will be using for this purchase.. Given the large charge I guess cash back would be nice if it is higher than the 2% I currently get from Citi.

[Anonymous]

---

@smile90000 wrote:
In about a year I will need to make a purchase via credit card of around $14000. Although I have the cash, I prefer to use credit cards so that I have certain protections. I will pay it off within one or two billing cycles. Problem: the current credit limit is just $10,000 between both cars. Sorry I didnt include in my first post.

And flexibility meant I didn't want Discover because it isn't accepted by the vendor I will be using for this purchase.. Given the large charge I guess cash back would be nice if it is higher than the 2% I currently get from Citi.

---

Ok.. To get something higher than the 2%, it will be on specific/rotating categories for a particular card.  But Capital One Quick Silver Cash Rewards gives you 1.5% on purchases and isn't capped.  It also gives you the 0% you are looking for.

So provided you don't mind the triple credit pull when you apply, then you should take a strong look at it as they limit given for it is very decent when approved.

[Anonymous]

Given you have a specific purchase in mind, that might determine the type of card (meaning in case it were to fit into a particular category for rewards). Keep that in mind. 

One of the highest CLs would likely come from Cap One, but that would be three pulls instead of one. Other higher limit cards are often co-branded cards from Chase, but those wouldn't be cash back. 

Will you need to make the purchase on one card? Or are you just hoping to, but could split it?

[smile90000]

I can spread the purchase over multiple cards, so I'm only looking for an additional $5000 in credit.

[lg8302ch]

The only Cap1 card that I could think of getting you close to the purchase limit of 14K is the Venture. They have been handing out 10K starting limits lately. I had similar scores in 2012 and only two BofA cards when I append for Cap1 Cash Rewards and got approved with 5K my first Siggy. Limits and age on these two cards were 5K (27yrs) and 3,5K (15 mts) at that time. Nothing else on my report.  To CLI Cash Rewards it was a hassle so do not count on limit to grow. As mentioned above Cap1 is triple pull. 

[Anonymous]

You didn't say whether you care if you get points or cashback. You said no to Discover because the vendor doesn't take it so that makes me think the vendor might not take Amex, otherwise the ED should be a consideration. That leades me to thinking  Cap 1 Venture might work for you. The prequal site is pretty reliable so unless you're opted out you should be able to tell if you'd get it, but like someone already said you will take a hit on all three reports. Last I looked, mine offered 0 % interest for 12 months and 0 AF for the first year with 40,000 miles. A quick search of the forum shows that people generally get large limits, but I believe any Visa Sig that you get will get you at least 5k because they won't approve lower than that.

Edited to say you could downgrade to the QS before the anual fee comes up.