Well, in answer to the advice of Retired to Win and following along a path I have been considering for a few months now, I just signed up for and was approved for my second credit card. In fact, this is the only other credit card I have has in 20 years. My first one is a Chase Platinum....$15k line....9% fixed...decent reward system. I have always been very happy with this card, the customer service, the security and rewards. The newest member of the family is the Capital One Quicksilver. Why you ask...well, $100.00 cash back bonus if $500.00 is charged within the first 3 months....no annual fee.......$10k line.....1.5% cash back on all purchases....I don't have to deal with rotating reward options (which isn't that big of a deal but I thought reducing the thought process was healthy at this stage in my life). The only "gripe" I have is the interest rate!!! What is going on???? Between 12 and 22%??? And this for a card that required an Excellent Credit Score????!!!! Well, since I never carry a balance, it really doesn't affect me but still....WOW! Is this normal? What say you!
Only My Second Credit Card in 20 Years
March 31st, 2014 at 12:27 am
March 31st, 2014 at 12:35 am 1396226139
For the benefit of others who might read your post, this is the blog post you referenced by implication:
A Double Fistful of Credit Cards:
http://retired-to-win.savingadvice.com/2014/03/30/a-double-f...
March 31st, 2014 at 12:43 am 1396226620
March 31st, 2014 at 02:07 am 1396231661
April 4th, 2014 at 06:23 am 1396592586
Eventually, I got a reward credit card that I've always wanted, but that took years for it materialize. Yes, my interest rate was high too, but since I hardly ever carry a balance at it, it wasn't a problem.