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i got approved citi card yesterday ,can i apply another citi credit card today ?any advice

kkkam 214 252 August 7, 2012 at 11:15 PM More Citi Deals
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Last Edited by kkkam August 8, 2012 at 06:28 AM
i got approved chase freedom and Citi Simplicity card 12.99% yesterday
i use both of two chase and citi card for BT.i am thinking to close my high interest card if i can get another reward card, want one reward card for daily use.citi thank you card (got approved Citi Simplicity card can i apply another citi credit card today ?)or BankAmericard Cash Rewards which one better?

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#2
Quote from kkkam View Post :
i got approved chase and citi card 12.99% yesterday, i already have four 25%-27% card(capital one ,chase ) need one reward card for daily use, any advice
i use my new chase and citi card(BT) to help my little sister,i am thinking to close my HI card if i got the reward card? citi thank you card or capital one or BankAmericard Cash Rewards which one better?
Not sure what you are getting at. You currently have 4 cards with interest rates between 25% & 27%. You applied for 2 more credit cards and got approved. Both cards have interest rates of 12.99%. Realize that interest rates mean nothing if you are paying balances off in full each month. Cards with interest rates this high should be avoided.

Scrolling through bankrate.com i see plenty of cards that offer 0% apr for between 12-18 months on new apps. Another thing you might want to consider is dumping all the charges from the cards with 25-27% rates onto a new card via a balance transfer with 0 transaction fees.

For example:

Chase Slate : $0 introductory balance transfer fee when you transfer a balance within the first 60 days. 0% intro apr on purchases and balance transfers for 15 months.

Personal favorite reward card is the Fidelity 2% cashback card.
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#3
Congrats on getting the new card. I got 0% apr from citi in february and 21% from chase in february along with 3 credit limit increases and Chase, Citi, and NFL Barclay being my new credit cards.


Just be careful with your balances.
I would immediately recommend transfer the balance from your high apr credit cards to the lower apr credit cards and start paying them downn asap while you are still financially okay.

I know I used more then I intended on my chase, citi,and NFL Barclay card because they gave me $300 cashback for my first month use. Then I started actually using the cards on a regular basis which I did not plan to do. But I like them because of the extra warranties and cashback/point promotions they constantly offer.
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Last edited by kmx August 8, 2012 at 12:56 AM
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Joined Oct 2009
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Original Poster
#4
thank you for respond
do you think i can apply another citi credit card(like thank you card) today?(i applied Citi Simplicity on 8/7) BOA cash reward good or bad idea?
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Last edited by kkkam August 8, 2012 at 06:18 AM
Joined Oct 2009
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Original Poster
#5
thank you for respond
do you think i can apply another citi credit card(like thank you card) today?i applied Citi Simplicity on 8/7. BOA cash reward good or bad idea?

Quote from kmx View Post :
Congrats on getting the new card. I got 0% apr from citi in february and 21% from chase in february along with 3 credit limit increases and Chase, Citi, and NFL Barclay being my new credit cards.


Just be careful with your balances.
I would immediately recommend transfer the balance from your high apr credit cards to the lower apr credit cards and start paying them downn asap while you are still financially okay.

I know I used more then I intended on my chase, citi,and NFL Barclay card because they gave me $300 cashback for my first month use. Then I started actually using the cards on a regular basis which I did not plan to do. But I like them because of the extra warranties and cashback/point promotions they constantly offer.
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#6
since you've asked the question 5 times already I will answer.

Can you apply for a credit card today. Yes you can, and tomorrow, and the next day , and the day after that too.......
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#7
I did that with no problem
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#8
I got the BoA, & Citi CB offers on the credit cards approved one day apart. BoA, then Citi the next day. Both went through fine.
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#9
you ought to look into real rewards cards if you're going to do this instead of terrible ones like BoA. you may also want to read up on credit card churning. it sounds like you're going to hurt your score the way you're doing it. you're lining up credit pulls day after day.
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#10
you credit score might get a bump though with multiple card applications you do...

what are you trying to achieve with applying for x amount of cards in a day, week or month??
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#11
Quote from medbuyer View Post :
you credit score might get a bump though with multiple card applications you do...

what are you trying to achieve with applying for x amount of cards in a day, week or month??

I would not recommend applying for more than 3-5 cards in less than 3 days.

I did this in February and was able to get 3 credit limit increases, 3 new credit cards, and then after than a fraud security alert was placed on my account/social security so everything I applied for after that got automatically denied and when I called the credit card companies they told me 2 different fraud protection agencies have alerted them not to allow me to get anymore new credit.
One of the customer service representatives says either somebody can steal my social and apply for a bunch of credit cards and have them sent to the same address, or I am applying for a bunch of new credit so that I can go on a shopping spree and then declare bankruptcy later on.

So I haven't applied for any new credit cards since February of 2012.

I also noticed my credit score dropped below 700 all thew way to 674 because of this and me getting a new student loan every semester counts as a new account.

So I'm going to wait it out a while since there are still a lot of inquiries on my account.
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