Chase vs. Citi credit card: Which should I choose next?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
13 posts
Crashem
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Location: San Francisco, CA

Postby Crashem » Wed Mar 28, 2012 7:20 pm

Dylan,

Your best shot at approval which shouldn't be too much sacrifice is get your utilzation down. Get that card below 80%. Above 80% on any card is bad sign. Also, get overall utilization below 50%. Magic numbers utilization wise whether or not on individual or overall utilization are 10%, 30%, 50%, 80%, 100%.

Personally it looks like you need a good BT 0% card that you can transfer balance to and start paying it down aggressively.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k


Dylan1982
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Location: Chicago

Postby Dylan1982 » Wed Apr 04, 2012 2:53 am

Crashem wrote:Dylan,

Your best shot at approval which shouldn't be too much sacrifice is get your utilzation down. Get that card below 80%. Above 80% on any card is bad sign. Also, get overall utilization below 50%. Magic numbers utilization wise whether or not on individual or overall utilization are 10%, 30%, 50%, 80%, 100%.

Personally it looks like you need a good BT 0% card that you can transfer balance to and start paying it down aggressively.

I agree with you 100% right there. I haven't been able to find a good BT credit card. From my other thread... http://creditcardforum.com/finance-charges-apr-compare/3971-need-gm-card-balance-transfer-no-fee.html (POST #4) my GM card is due to be reviewed to get a lower interest rate. For more info, read the link that I provided
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

CC Deville
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Postby CC Deville » Wed Apr 04, 2012 4:29 pm

Dylan1982 wrote:I agree with you 100% right there. I haven't been able to find a good BT credit card. From my other thread... http://creditcardforum.com/finance-charges-apr-compare/3971-need-gm-card-balance-transfer-no-fee.html (POST #4) my GM card is due to be reviewed to get a lower interest rate. For more info, read the link that I provided


I also mentioned the same thing in my earlier post.

Sheesh.



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