Hi, I am new to this forum, hoping someone can give me a feedback.
I have a Cap 1 Venture (blue one) since Jan 2011, Amex blue cash since 2002, and Phillips Conoco 76 MasterCard since 1999. Just recently Philips Conoco decided to stop the program.
My credit card is no longer active 3 days ago. They had a replacement program, but you're required to re-apply. I don't use this card frequently anymore, it was just to build credit when I was at college. I have excellent credit rating (upper 700s). My first question is will applying for a credit card hurt your credit score?
Second question, just recently I received a mail offer from Chase Sapphire (regular card, not the preferred one) that will give $500 cash back if I spend min $750 in 3 months. I am tempted to open one but my husband think it will ding my credit score because I just got Cap 1 Venture card earlier this year and these two are Visa Signature cards. Has anyone received similar offer in the mail and if so, what do you think about this card? Will my credit score got hurt if I got another credit card?
I love the Venture card because the rebate program has been working great. 2 points for any dollar spending. But for the Sapphire, 2 points only for dining. the Amex card is only used mainly for costco purchases. We used to use it heavily but the rebate wasn't compelling when I learned about the Venture card and we have switched since then.