Here's where I'm at.

For just about anything you want to get off your chest about credit cards.
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FskCramer
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Here's where I'm at.

Postby FskCramer » Sun Feb 16, 2014 1:19 pm

I currently have:
USAA American Express $5000 limit
Chase Freedom $5000 limit
Discover IT $3000
Capital One Quicksilver $3000
Paypal Extras MC $2400
Costco American Express $2000
Best Buy $1300

Here's where I stand. Other than Paypal and Best Buy these are all new. I am in a new job and have plenty of income coming unfortunately it's about 90 days out. I want to open new cards that may allow me to balance transfer some debt back and forth while bettering my credit score. Is this possible? Which cards should I open up? Ultimately I want to have several cards with high limits.


MemberSince99
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Postby MemberSince99 » Sun Feb 16, 2014 5:32 pm

Insufficient information to provide a meaningful response. What do you consider high limit? To me a high limit card is 5k and up - to some it could be 1k or 10k.


By my definition you already have two high limit cards. There are good balance transfer cards out there since that seems to be what you want. Chase Slate and Citi both offer that sort of option. BofA is known to be generous with limits too. So I'm not sure what you mean but I'd assume you want > 5k.


Honestly if these are all new and you have a new job you may be better off to use that income to just pay them down and boost your score that way unless you want specific things in a card other than a place to put your balances and help with utilization.

FskCramer
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Postby FskCramer » Sun Feb 16, 2014 5:56 pm

My goal is to have cards with >25k. I applied for some new ones today. Approved and my total limit is up to 50k+ I am really just trying to be able to keep my utilization down very low and have a couple cards I can transfer $1000 back and forth if I need to for a month. Really don't think that will be the case ever again after May this year and until then I more than anything just want to have more available so I feel more comfortable knowing it's there if I need it without ruining my credit. Mission accomplished.

takeshi
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Postby takeshi » Wed Feb 19, 2014 7:55 am

FskCramer wrote:Other than Paypal and Best Buy these are all new

How new? What's your credit like? A list of cards and limits doesn't really tell us anything to answer your question.

FskCramer
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Postby FskCramer » Fri Feb 21, 2014 5:13 am

4 months or newer.



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