Giving In To The Credit Cards

(Typing quietly while the parents are still asleep, shh…) I’ve decided to take advantage of two recent credit card offers:

1) The Citi Professional Card for it’s 3% back on restaurants, $100 bonus, and save-able 0% balance transfer, and

2) The Discover Miles Card for it’s no-fee 0% balance transfer for 12 months.

I was going to apply for another Citi Card, but I decided that would be redundant since you can move credit limits around with Citi and simply put all your credit limit onto the one card you are using for 0%. I am going to apply for both at the same today, hopefully today. I’ll post more on why later, but it’s basically so the credit agencies won’t be able to see I applied for the other card, maximizing my credit limit and chance at acceptance for both cards. Now to figure out exactly how to cook a turkey.

Comments

  1. Susan Lindsey says:

    Hi there,

    Are you also going to apply for the Chase card that you listed a few posts back? Why go for the 3% when they’re offering 5%?

    Susan

  2. Yeah, I’m trying to get my wife to apply for that one. We’ll see.

  3. Those links are screwing up the page for me…may want to edit them.

  4. Also – 5% is for grocery stores, drugstores, and gas, and I already have a Citi card that does that for now. 3% is for restaurants, a separate area.

  5. Those mileage cards are useless.

  6. Mileage cards are only useless if you don’t fly. If you do, then these are excellent choices. You get a free card and 80% of the miles needed to get a free flight. If you value miles at 2 cents per mile, which many people do, then you are getting the equivalent of $400 for free (provided you cancel the card within a year).

  7. Hey Jonathan, can you explain your comment about “I decided that would be redundant since you can move credit limits around with Citi and simply put all your credit limit onto the one card you are using for 0%.” Are you saying if you have 3 cards at 10k max each, you can somehow effectively make that a single “30k card” with which you can take a huge balance transfer? If so, how does getting another Citi card not help — seeing as you basically add another card with 10k limit (for example), bringing your “total Citi limit” to 40k? I think I am missing something…

  8. i want a credit card

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