@Anonymous wrote:Wow! Thank you for all the consideration.
Yes, I was nearly maxed out on all cards prior to the personal loan. A few years back I took a6kk pay cut for job closer to home. At the time I thought I could scale back my spending, but instead had some unexpected expense creep up in addition to not actually being that great at decreasing my over all spend. About 6 months ago I received a sizable raise and make4kk more than I did before I took the pay cut. The gamble paid off in the long run, but I am left with the15kk in debt. I refinanced with the personal loan to force myself to pay it all off and will be sending in a5kk payment once my tax return arrives. If I am able to to that this year and next I will be paid off in what seems like a reasonable amount of time.
I do have decent cash back on the IT and the Quicksilver but have been fascinated reading through threads here. I am so impressed with the strategic use of category cards to maximize cash back. I really don't need any more cards, but thought this might be the time to really put together a plan into action with the temporary score bump.
First off, congrats on getting things back on track, and your plan to help you pay down your loan is a good one.
With what you have stated above then maybe appingg for something else may be a good idea, though I am not sure your score will take a huge hit when your loan posts, maybe 10 points and if 750 is as low as you are going to go you will still be approved for most cards.
Adding a new TL will drop them a little too, but with the added SL it could also potentially raise them too.
BoA rewards very well maybe a good fit as it does include options to maximize it's 3% for daily living.
Please make sure that you do stick to your budget plan and best of luck with everything.
