i got approved citi card yesterday ,can i apply another citi credit card today ?any advice
Last edited by kkkam; 08-08-2012 at 06:28 AM..
|
|||||||
| 08-07-2012, 11:15 PM | |
|
|
|
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. |
|
|
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. Last edited by kmx; 08-08-2012 at 12:56 AM.. There are 3 C's in life.
Choice, Chance, and Change. You must make the choice to take a Chance if you want anything to Change Thumbs UP ![]() http://i625.photobucket.com/album.../kmx-1.jpg It is not our differences that divide us. It is our inability to recognize, accept, and celebrate those differences |
|
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?
|
|
|
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.
Yar matey! ![]() Greater is He who rocks in us, than he who rocks in the world! (Quoted from a wise college friend) ![]() |
|
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. |
|
| Thread Tools | Search this Thread |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| What happens when you "upgrade" credit cards? | Parachute07 | Finance | 16 | 07-07-2012 04:16 PM |
| How to rack up a "thin file" credit score? | toxicfume | Finance | 11 | 02-27-2012 10:59 AM |
| Applied around 8 Credit Card - But only 2 Hard Credit Inquiries -- How this is possible? | hi4700 | Finance | 5 | 02-08-2012 06:56 PM |
| Wohoo finally got approved for a credit card! | BigBobSaget | Finance | 12 | 11-16-2011 09:32 PM |
| I am applying for a mortgage; when can I apply for credit cards again? | pp65 | Finance | 13 | 09-27-2011 09:21 AM |