Should I join the Chase Credit Card Family? I have American Express?

[urluckypenny1]

Currently have several cards with low utilizations. No late or missed payments and credit score is 709 across the board.

I have American Express $30,000 limit  $2,500 used

Penfed Gold Card $7,500 limit $0 used

penfed blue card $5,000 limit $32 owed

discover one  $5000 limit $450 owed

State employees credit union $7,500 limit

$800 owed

i know i need to pay Down tge remaining balances and keep total utilization down to 10 or less %.

Should I just stick with my current cards or I've been hearing good things about chase credit card. Cash back gas etc??  Chase freedom etc

I also do gave a car loan and payment through Penfed.

thanks for any guidance.

[SouthJamaica]

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@urluckypenny1 wrote:

Currently have several cards with low utilizations. No late or missed payments and credit score is 709 across the board.

I have American Express $30,000 limit  $2,500 used

Penfed Gold Card $7,500 limit $0 used

penfed blue card $5,000 limit $32 owed

discover one  $5000 limit $450 owed

State employees credit union $7,500 limit

$800 owed

i know i need to pay Down tge remaining balances and keep total utilization down to 10 or less %.

Should I just stick with my current cards or I've been hearing good things about chase credit card. Cash back gas etc??  Chase freedom etc

I also do gave a car loan and payment through Penfed.

thanks for any guidance.

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I don't think you should add a credit card because you've heard good things about Chase. Ifyou see a card that will be useful to you, then go for it. But if you don't really need it, I think it's better not to go adding new credit lines.

[Anonymous]

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@SouthJamaica wrote:

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I don't think you should add a credit card because you've heard good things about Chase. Ifyou see a card that will be useful to you, then go for it. But if you don't really need it, I think it's better not to go adding new credit lines.

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While I agree with @SouthJamaica advice, I was just amused as the post contains SJ's signature line, so we have someone with 5 cards being told by someone with 35 cards better not to add new lines unless it's really needed....  

[ptatohed]

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@urluckypenny1 wrote:

Currently have several cards with low utilizations. No late or missed payments and credit score is 709 across the board.

I have American Express $30,000 limit  $2,500 used

Penfed Gold Card $7,500 limit $0 used

penfed blue card $5,000 limit $32 owed

discover one  $5000 limit $450 owed

State employees credit union $7,500 limit

$800 owed

i know i need to pay Down tge remaining balances and keep total utilization down to 10 or less %.

Should I just stick with my current cards or I've been hearing good things about chase credit card. Cash back gas etc??  Chase freedom etc

I also do gave a car loan and payment through Penfed.

thanks for any guidance.

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When you list what is owed, are those balances that you are carrying month to month and paying interest on?  Or do you PIF and you're just giving us a snapshot in time?  If you are carrying any balances, I'd recommend that your focus should be paying those credit card balances off before focusing on any new cards.  

[MarkintheHV]

@SouthJamaica is giving good advice.  

[CreditCrusader]

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@Anonymous wrote:

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@SouthJamaica wrote:

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I don't think you should add a credit card because you've heard good things about Chase. Ifyou see a card that will be useful to you, then go for it. But if you don't really need it, I think it's better not to go adding new credit lines.

---

While I agree with @SouthJamaica advice, I was just amused as the post contains SJ's signature line, so we have someone with 5 cards being told by someone with 35 cards better not to add new lines unless it's really needed....  

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[CreditPoor]

Getting new cards can be addictive until you get to double digits and then quickly realize it's a chore and no longer fun.  Kind of wish that I stayed at 5

[Anonymous]

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@CreditPoor wrote:

Getting new cards can be addictive until you get to double digits and then quickly realize it's a chore and no longer fun.  Kind of wish that I stayed at 5

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The magic doesn't disappear till high triple digits for some!