Should I open another Credit Card?

[Anonymous]

Currently I own 3 cards and trying to improve my Fico Score. Currently my Ficos score is:

Through MyFico via Equifax: 784

Through Capital One Credit Tracker via TransUnion: 753

Through Recent check from Car Dealer via Equifax: 739

Below are the cards I own:

Capital One Quicksilver Visa
- Current Balance: $0 - Credit Limit: $3000 - APR: 17.90% - Annual Fee: $0 - Card Holder Since 2008 (Recently product changed from a Platium Card, also currently have 13% APR 7 month promo)

Best Buy Store Card (Store use only)
- Current Balance: $0 - Credit Limit: $1000 - APR: 24.27% - Annual Fee: $0 - Card Holder Since 2009

Amazon.com Reward Visa (Chase)
- Current Balance: $0 - Credit Limit: $700 - APR: 18.27% - Annual Fee: $0 - Card Holder Since 2011

I recently got a offer in the mail for Discover It: https://www.creditkarma.com/creditcard/CCDiscover1301

Which has a APR Rate of 10.99% (which is nice compared to what I have) according to the letter. Is it a good idea to open a 4th credit card based on the above information or should I just work on trying to increase my credit limit on my current cards?

[coldnmn]

In my opinion go for the Discover it sounds like a great deal. There are possibly better cards that you should have no problem getting also. Study the forum and see what cards fit your spending patterns.   Good Luck!

[TheClub]

If you app you should go for a prime. AmEx everyday is a goodie. But if you've got your mind made up on Discover, it would'nt. They'll probablygive you your highest limit if they're willing to give you an APR that low.

[Anonymous]

Leaning more towards opening the Discover It. But do you guys thin it is a good idea to open a 4th card?

[Anonymous]

haven't you seen people with more than 4+ cards on forum? I think you'll be alright with just one more

[Anonymous]

Overall though, Discover It is a good card? Or are there better ones to look at? What is the average APR for people with my FICO Score?

What I'm getting at is, should I even try to open another credit card? I don't really need a 4th. My credit score is good I believe but I want to improve it even further. I think my credit limit on some of my cards are low. And I do wish I had better APR on some of them.

So Should I or shouldn't I open another card based on the info provided?

[SunriseEarth]

---

@Anonymous wrote:

Currently I own 3 cards and trying to improve my Fico Score. Currently my Ficos score is:

Through MyFico via Equifax: 784

Through Capital One Credit Tracker via TransUnion: 753

Through Recent check from Car Dealer via Equifax: 739

Below are the cards I own:

Capital One Quicksilver Visa
- Current Balance: $0 - Credit Limit: $3000 - APR: 17.90% - Annual Fee: $0 - Card Holder Since 2008 (Recently product changed from a Platium Card, also currently have 13% APR 7 month promo)

Best Buy Store Card (Store use only)
- Current Balance: $0 - Credit Limit: $1000 - APR: 24.27% - Annual Fee: $0 - Card Holder Since 2009

Amazon.com Reward Visa (Chase)
- Current Balance: $0 - Credit Limit: $700 - APR: 18.27% - Annual Fee: $0 - Card Holder Since 2011

I recently got a offer in the mail for Discover It: https://www.creditkarma.com/creditcard/CCDiscover1301

Which has a APR Rate of 10.99% (which is nice compared to what I have) according to the letter. Is it a good idea to open a 4th credit card based on the above information or should I just work on trying to increase my credit limit on my current cards?

---

I vote for Discover It.   You may see a temporary drop in AAoA and from the HP, but overall, the category rewards could be good.   It would also be good to have in case you ever needed to carry or post a balance on more than 1 CC.  

[Anonymous]

I think only you can answer that question, do you really need another card? and also is Discover the card you want? what if you find another card that's more attractive? i mean not attractive but more like rewards and what not fits to your liking?

[B335is]

Why are you interested in Discover?  If it's just because they targeted you for an offer I would consider other options:

Barclaycard Sallie Mae:  5% cash back on gas and grocery purchases up to $250 per month.  5% cash back on book purchases up to $750 per month.

US Bank Cash+:  5% cash back on combined $2,000 in purchases made each quarter for two categories you choose.

[Anonymous]

Thank you for the input. Shamefully, the only reason I am interest in Discover It was the offer. But thank you so much for telling me about better cards to apply for!