Chances for CSP

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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CarefulBuilder14
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Posts: 4444
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Sep 03, 2014 7:55 pm

beckhsrules wrote:Do you guys think I should go ahead with the 100$ offer and not wait for the higher 200$ offer? Man this is credit thing is so addicting. I never thought I would end up with these many cards in my wallet when I stepped into the country eight months earlier.


How you prioritize maximizing your rewards vs. having simplicity vs. wanting a great FICO is up to you. If I was in your situation, I might let my accounts age a bit. Perhaps try to figure out a clear use for each card.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card


beckhsrules
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Joined: Tue May 13, 2014 10:20 pm
Location: NewJersey

Postby beckhsrules » Wed Sep 03, 2014 8:25 pm

CarefulBuilder14 wrote:How you prioritize maximizing your rewards vs. having simplicity vs. wanting a great FICO is up to you. If I was in your situation, I might let my accounts age a bit. Perhaps try to figure out a clear use for each card.

As of now I have sock drawered my Better Balance and BlueSky. I use AMEX as my go to card for purchases other than the rotating categories and CashRewards in places that dont accept AMEX. I got the Better Balance only for the extra 120$ per year and I have set up a small recurring payment on the card. I think I would wait for sometime to take some deep breath and let my accounts age and get something after six months probably I would get the 200$ sign up bonus by then. I do have plans of travel in the upcoming months.
A trip to Florida, California, El Paso in the domestic before December this year and to Asia sometime before March next year for sure and any more travel plans might add up on to this as time comes.
Cards:

Amex Blue Sky 2000 (5/14)
Amex PRG NPSL (8/14)
Bank of America Cash Rewards Visa 2500 (1/14)
BofA Better Balance Rewards 1000 (6/14)
Discover IT 1250 (4/14)


Scores: As of May 25 2014

Experian 714
Equifax 709
TransUnion 714
Discover 694(Aug 31)

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sicasun
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Posts: 62
Joined: Tue Jan 29, 2013 12:09 am
Location: TX, USA

Postby sicasun » Wed Sep 03, 2014 8:54 pm

CarefulBuilder14 wrote:And I got my Freedom when the only thing in my credit file was a pull from a rejected GECRB application - although I had a history of checking with Chase and got a toy limit initially.

Yea, I think Chase is more likely to approve you/cut you some slack, if you bank with them.

Chase also offered an increase on my Freedom about a year after, without a hard pull, which was nice :)

Chase Sapphire Preferred | 09/2014 | $10,300
Chase Sapphire | 05/2010 | $5,000
Chase Freedom | 01/2013 | $5,500
CapitalOne Quicksilver | 01/2013 | $2,500
American Express TrueEarnings | 08/2014 | $5,500
Victoria's Secret Angel Card | 04/2011 | $600

FICO | 09/2014 | Experian 738 | Equifax 706 | TransUnion 701



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