- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
Having multiple credit cards won't help you get better rates usually since the other creditors don't know what interest rate you are getting. It is solely based on the credit card issuer and your credit rating. A lot of the intro 0% cards have high interest rates as people use them to transfer balances into and they want to make up for the 0%. If you are keeping high balances, look for another 0% card and aggressively pay down that balance. Otherwise, just look for a card that is good for your spending habits, rewards card since you PIF or lower rate since you occassionally keep balances or whatever.
Where I have seen having multiple issuers helping is with your credit limits. When you get a much higher limit card, I often see seldom used cards get a CLI. Remember most card issuers are doing soft inquiries on you to keep tabs on you.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k