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Question By
janellec1986

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12 People Helped
Should I get another credit card?
I was approved for a 10K line of credit with Navy Federal in January, 2013. I transferred balances from two other cards. I currently have 0% interest for my BT until January 2014. I have 22% utilization. I foolishly closed the other two lines of credit thinking it would be benificial. So now I only have 1 credit card. Should I open another line of credit or wait until my BT runs out on my Navy Fed card and transfer my balance (if there is a balance) to my new card?

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Top Contributor
34 Contributions
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Inquiries

You might be able to as long as you have that one single inquiry from your navy card. Too many inquiries will drop your score and scare lendors away.

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