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
Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

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

Postby Dylan1982 » Thu Mar 15, 2012 4:57 am

I only have 1 major bank for a credit card (GM Card) and I need or want to add another one. My utilization for just my GM card alone is 96%, that's why I want to open another card and maybe transfer half the balance.

My 'credit score' with Credit Karma is 700. I have 100% on time payments, and my longest account that I've had open is my GM Card (10 yrs now)

Here's how my utilization is broken down: CC Limit / Balance Owed

**CC Company has not updated their records this month yet

  • GM Card: $7,700 / **$7,416 (made a $170 payment not yet reflected)
  • Best Buy: $1,600 / $0
  • Discount Tires: $1,000 / $0
  • Rodgers & Hollands: $3,250 / $0
  • Express: $900 / $0
My debt is $7,416 and my limits added up are $14,450. Making my Utilization 51%. I want to add another card to lower my utilization and possibly bump up my credit score

So which would be a good card given my info posted above? Between a Citi versus a Chase credit card?

Thanks for all your help!
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)


Moneytalks
Centurion Member
Centurion Member
 
Posts: 438
Joined: Sat Feb 04, 2012 8:22 pm
Location: United States

Postby Moneytalks » Thu Mar 15, 2012 9:55 am

Just my 2 cents, Citi is good, never had a problem with customer service (Though some people on this forum have serious issues with them) and the card is ok for cash back (dividend card). Chase I wouldn't, because I personally despise them, but if you want a chase freedom, that's a very good card to go for. It depends on what you want as well in terms of rewards, cash back, etc. Some may disagree with me and tell you to do something else, so take my advice lightly... hope it helped though.
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Thu Mar 15, 2012 7:31 pm

To be honest I don't even know how the cash back or rewards work.. I've never had a cc that has offered that before. That's why I am not sure if I want CitiBank or Chase
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
Centurion Member
Centurion Member
 
Posts: 1067
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Thu Mar 15, 2012 7:52 pm

I believe the Chase Freedom is overall a better choice for cash back; however, Citibank will probably be more forgiving of your 51% util ratio.

Have you received any pre-approval offers from them? Both Chase and Citibank are relentless in their offers. That doesn't necessarily mean you will be approved, but it helps.

Also, have you checked out the BankAmericard Cash Reward card? You get 3% on gas, 2% on groceries and 1% on everything else. They currently have a $100 bonus sign up offer. These are the things I personally spend the most on so I had no trouble accpeting an upgrade from them on my World Points Visa Signature. As a side note: both Chase and BofA offer an additional 10% bonus if you have your cash back deposited into your Chase or BofA checking account (separately of course, meaning your Chase Freedom cash back goes into your Chase or your BankAmericard cash back goes into your BofA checking).

With my upgrade from BofA, I will now have all the major cash back players (except Amex Blue Cash): I have the Discover Card, Dividend, Freedom and even a BofA Accelerated Cash Rewards Amex. I have not had any trouble with any of them. I like Citibank's website and redemption the best (although Citibank doesn't show pending transactions which is really starting to get irretating).

So I didn't really answer your question and I may have added to your options LOL But I would say Citibank right now due to that pretty scary high utl. Let us know what you decide and good luck!

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Thu Mar 15, 2012 10:44 pm

I don't get credit mailings in the mail anymore. Those stopped maybe like 5+ yrs ago and I'm not sure why.

I do not bank with BofA or Chase. Am I at a downfall not having them for a personal checking acct?

Wow I didn't realize all the options out there, and I guess I am sort of at a loss right now :(
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
Centurion Member
Centurion Member
 
Posts: 1067
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Fri Mar 16, 2012 4:04 am

Dylan1982 wrote:I don't get credit mailings in the mail anymore. Those stopped maybe like 5+ yrs ago and I'm not sure why.

I do not bank with BofA or Chase. Am I at a downfall not having them for a personal checking acct?

Wow I didn't realize all the options out there, and I guess I am sort of at a loss right now :(


I do not receive many pre-approvals anymore either but that is probably because I have most of the major credit cards and even multiples from the same banks....every once in a while US Bank will send me an offer and this weird Missouri bank, Commerce Bank was sending me one every week for two months....

No, you do not need to have a checking/savings relationship with BofA, Chase or Citibank (or Wells Fargo, US Bank, PNC etc) to be approved for their credit cards. You just have to have a pulse, a job and a decent credit score. I only mentioned the checking from BofA and Chase because of the bonus cash back they offer if you have one along with your credit card.

There are a ton of cash back cards to chose from right now which is why you need to do your research on which is best for your needs. Overall, Chase Freedom is regarded as the best overall cash back card and I do like their catagories; however, I am very happy with the BankAmericard Cash Reward card because they give the best cash back on things I buy most (boring everyday things like gas and groceries). I primarily use my Dividend now but that will change as I get my BankAmericard in the mail. I usually only use my Freedom and Discover Card for the 5% cash back on gas and groceries when they are offered.

I will say this though: reward cards generally have higher APR's so you want to be sure to pay them in full each month. Which leads me to ask, is your balance on the GM Card a balance transfer with a low rate or is that just a regular balance? If it is a regular balance perhaps you should look into a regular credit card with a 0% intro rate on balance transfers so you can pay that balance off.

Overall, I suggest that you wait until you get your utl ratio down to 30% before applying for anything for better chances of approval.

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Mar 21, 2012 8:38 pm

I have a couple of the cards mentioned here. The Bank of America Card is solid. I have been getting Citi and Chase letters every day now. I have considered the Chase Freedom because they gave me a fantastic offer...
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

bmw1990Z
Centurion Member
Centurion Member
 
Posts: 341
Joined: Sun Mar 18, 2012 10:08 am
Location: USA

Postby bmw1990Z » Wed Mar 28, 2012 6:13 am

I was thinking about getting the citi dividend card but since I already have a citi forward, is there a way to apply without having to fill in all that information again?
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

Moneytalks
Centurion Member
Centurion Member
 
Posts: 438
Joined: Sat Feb 04, 2012 8:22 pm
Location: United States

Postby Moneytalks » Wed Mar 28, 2012 8:14 am

I think you might be able to do a product change, the cards have to be in the same "tier" though, so you can't always jump from one card to another. I believe if you wanted the dividend you would have to apply. Or, you could confirm by calling their customer service (very friendly) and see what they say. Good luck!!
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

DavidNY
Centurion Member
Centurion Member
 
Posts: 1332
Joined: Tue Jul 05, 2011 12:28 pm
Location: New York

Postby DavidNY » Wed Mar 28, 2012 10:21 am

As far as credit cards rewards go, I would go with the Chase Freedom. I'm not very impressed with the Citibank ThankYou rewards, as I prefer cash. Chase is confusing with their cash bonuses changing every quarter, but it's still cash. Both cards have decent BT offers if you need to move the GM card balance to a 0% rate.



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 0 guests