When should I apply for a second credit card?

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Money card
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Postby Money card » Sat Oct 22, 2011 1:39 am

for travel rewards I would suggest capital1 venture card with the gold version you get 1.25 miles per dollar spent. with the blue 2 miles per dollar and there's a 59 dollar annual fee, waived the first year. 0% foreign transaction fee, you get a concierge service, room upgrades and luggage protection.

if you don't mind paying large annual fees you can get a american express premium card. however except for the platinum card, the other cards have a 2.7% foreign transaction fee.

I have the gold capital1 card and I love it. as for American express I have the green, it's a nice card.


bernhardtra
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Postby bernhardtra » Sun Nov 06, 2011 9:33 am

They are very bright about answering questions via email.
EX 686 TU 690

Cap One $500 6/10 closed no CLI 7/12
Cap One $2000 9/10
Household $500 9/11
Merrick Bank $2800 10/07
Marathon $900 10/11
Bealls $950 10/11
Marathon Visa $2500 6/12 Yeah finally a good limit card!
Barclays Rewards MC $1500 8/12
Belks $800 8/12
Walmart $1000 8/12

pejmanpar
 
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Location: Toronto

Second card? When?

Postby pejmanpar » Thu Apr 26, 2012 5:52 pm

Hello everyone,

hope you can help me on the following.

I recently raised my CC limit from $1,000 to $5,000. My bank made the offer and I accepted it. Now, in order to improve my score over time, should I apply for a second CC or stick to my current and try to increase the limit more?

I pay-off my balance every month in full and keep it below 30-35% of the limit. I'm two years in Canada.

Thx in advance.

JCarter
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Postby JCarter » Fri Apr 27, 2012 1:13 am

pejmanpar wrote:Hello everyone,

hope you can help me on the following.

I recently raised my CC limit from $1,000 to $5,000. My bank made the offer and I accepted it. Now, in order to improve my score over time, should I apply for a second CC or stick to my current and try to increase the limit more?

I pay-off my balance every month in full and keep it below 30-35% of the limit. I'm two years in Canada.

Thx in advance.


Please open your own thread in the future it is generally bad netiquette to hijack someone elses thread.

I would go ahead and get yourself a secondary card.

pejmanpar
 
Posts: 2
Joined: Thu Apr 19, 2012 3:35 pm
Location: Toronto

second credit card? when?

Postby pejmanpar » Sat Apr 28, 2012 12:38 am

Hello everyone,

hope you can help me on the following.

I recently raised my CC limit from $1,000 to $5,000. My bank made the offer and I accepted it. Now, in order to improve my score over time, should I apply for a second CC or stick to my current and try to increase the limit more?

I pay-off my balance every month in full and keep it below 30-35% of the limit. I'm two years in Canada.

Thx in advance.



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