Credit Card Forum
  1. #1
    enso
    enso is offline
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    Default Please help me find a Card!

    Hi,

    I'm new to these boards but I have read a lot of posts, blogs and reviews. After all that I'm confused as to what credit card is appropriate for me.

    My history.
    -fico score 790-820
    -no late payments with anything
    -own 5 businesses

    My requirement
    -high credit limit or ability to get a high credit limit over time 25+(pref 50k+)
    -cash advance on credit limit
    -if possible low apr
    -i don't need points,miles or cash back
    -no discover

    1. Please recommend a card suitable for me.

    2.Also is I would like to know if I cancel my current cards and apply for 3 new ones will it effect my credit score?

    3.What is a good number of cards to have before it will start effecting my score.

    4.Based on my research amex may fit me well but I am very concerned about amex cutting credit limits...how prevalent is this? Should I be concerned?

    Thank you

    cross posted here
    Please help me find a Card!
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    Reply With Quote Reply With Quote     May 2, 09, 7:48 pm
  2. #2
    Mogul of Pineapples
    Mogul of Pineapples is offline
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    Default

    With that Fico score you should qualify for any card. But what's most important to you, the credit line? You could have some difficulty getting that credit line right off the bat. Right now everyone is giving out pitiful credit limits on new accounts.

    Amex is cutting limits but so is everyone else now, especially B of A. I don't think anyone's high credit limit credit card is safe anymore from a possible decrease.

    Don't cancel your current cards. Keep them open because part of your credit score is the length of time you have had the accounts open.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
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    Reply With Quote Reply With Quote     May 6, 09, 1:25 am
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