- Posts: 2
- Joined: Wed Jun 20, 2012 5:26 pm
- Location: Connecticut
I currently have two credit cards: a Bank of America/Visa Student Platinum, which has no perks, terrible customer service, and a $1,000 credit limit, and an American Express Zync (which has no limit). I just applied for an American Express Blue Cash Preferred today, and was approved with a $4,800 credit limit.
Now, I would like to replace the terrible BOA card with something that doesn't suck (but also is Visa/MasterCard, so I can use it where I can't use Amex). Should I apply for another card now? Does having just applied for the Amex card today hurt my chances? I did a CreditKarma credit check yesterday, if that has any impact on my score or credit report.
Other relevant info: I have ~1,500 of assets right now, but will have several thousand more in a couple of weeks once my parents transfer money into my account for school. My credit score is in the 710s.
So: if I apply for another card now, will I get accepted? Should I wait until I have more money in my bank account? Should I wait several months until there is no recent activity and my average utilization percentage is lower? Do you have any recommendations on what card to apply for?
Thanks a lot!