My FICO is 700ish currently and I have some CC debt which I can payoff but I’m just extending it since I have 0% APR with that card
I have 3 BOA CC
Customized cash — $500 limit – 4.5% on category
Customized cash — $500 limit – 4.5% on category
Unlimited (0%). — $10700 limit – 2.75% on all
The unlimited one is completely used up, I pay it and then buy stuff around 5k revolving.
I have sign up bonus with that cash and I’m platinum preferred rewards with BOA (My job provides me that).
So, I get 2.75% on all of my purchases.
I also have AMEX blue everyday with $3k limit, paid off.
I recently got into Capital one quick silver, only $300 limit.
I want some more limits on my CC and I want an another CC but not sure if I should wait until 0% APR on BOA finishes (finish in November) or look for something like Chase or WF. In addition to that, around six inquiries will be removed from my report this July.
Wanna mention that I’m currently in Cali and wesconn have great offer for $0 BT fee and 6 months 0% APR which I’m thinking to get after or maybe in November.
Any recommendations on how should I proceed, I’m 22 currently and wanna start some business in coming future so any advice on that too.
Thank you!
Should I get another CC or Wait?
byu/Prize_Trade3128 inCreditCards
Posted by Prize_Trade3128
2 Comments
You said you have some CC debt. Wait. The credit limits on those cards are so small they are hard to use without hurting your credit utilization and on the one card with a large limit you are using 5k of a 10k limit so they don’t want to see a 50% utilization. The way you’re talking about APR is not good. If you actually care about APR you are playing the game wrong.
It depends on how recently you got the cards. Look up the chase 5/24 rule and the citi 8/65