- Green Member
- Posts: 18
- Joined: Thu Jun 18, 2015 9:02 am
My cards, when I got them, their CL, and Balance are as follows:
AMEX TrueEarnings - $14k CL - $500 Balance
Discover it - $12k CL - $11k Balance
In July I applied for and was approved for:
SallieMae MC - $3,200 CL - $0 Balance
In July I applied for and was denied for:
Citi DoubleCash Card
I called Recon Line and was approved yesterday for a $1,700 CL
I logged into my AMEX account yesterday and was preapproved for:
AMEX BCE - $2,600 CL
SO.....that makes 5 cards total that I have now. My plan is to earn the signing bonus from the BCE and probably park the card. Use the SallieMae up to the 5% cash back limit for gas/groceries/Amazon and then either use the Citi/BCE/Disc depending on the vendor and the rotating Disc category...I have an existing Upromise account and set up the High Yield Savings account to transfer earnings from the SallieMae and get the additional cash back from that.
I got the Disc it before the double cash back bonus was introduced, so I don't get that. I am using the Discover as a BT card to avoid interest while we pay it down...so I hesitate to use it at all and I may not...at least until my balance is down. I don't travel a lot so I don't see a need currently for a travel rewards card, but I am interested in continuing to increase my available credit. SO finally, my question is:
Would it be more beneficial to sit on the cards I have and request CLI down the road, or apply for any other cards that are generous with CLs (and if so what do you recommend)? My Score is about 675 currently, which I know needs to improve. Aside from Disc, I will not be carrying balances month to month on any other cards. I would like to develop history with as many credit card companies as is reasonable...I have a renewed focus on spending so I know it won't get out of control. I am wanting to establish myself with numerous companies so as to improve my available credit. I know some people on here have a dozen or more cards, and others have 2-4...I am looking for any helpful advice...thanks so much in advance.