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LVP08

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Is it better to have 2 credit cards from the same company or a different one?
I am looking to spread out my credit utlization. I currently have a Chase freedom card as my primary card. It has the highest limit by quite a bit and the highest balance. I originally opened a Discover card strictly for the 0% balance transfer and have taken advantage of transferring/paying down balances there twice. I was debating getting another 0% balance transfer card to do the same thing and spread out my individual credit utilization. The most common cards that fit what I am looking for are by Chase and Discover. Since chase gave me a significantly higher credit line than Discover I was leaning towards applying there. Would I likely get a better (higher credit line) offer going with someone that I don't already have credit with like Bank of America, or does that not matter?

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What you are thinking may make sense. One company may want to limit liability by not extending too much credit to one customer. I just can't give advice on this one way or another because I am not sure, but going with a different company does sound sensible.

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I guess it depends on your history and the company. I'll use my own example, I had a Citi card with an $9,000 limit for a few years and then I opened a second Citi card to take advantage of a promo offer. Initially, the second card only came with a $6,000 limit, but after I called to ask about the lower limit they "matched" the other card, bumping it up to $9,000 as well.

So basically, the second card was a lower limit, but I was able to get it increased. Funny enough, a few months after that, they randomly increased my original card to $11,000 out of nowhere (I didn't request it).

I don't think Chase is as generous though - I have cards from 6 other companies and my Chase card is my lowest limit for some reason ($2,000 lower than any of my other cards), so I don't know if you'd be able to do the same with them. If they have a card that fits your needs and you can't find a similar deal anywhere else, then I guess I'd try it. But if you can find something similar elsewhere (you mentioned Bank of America), then I'd probably do that instead.

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