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Author: GardenStateFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311082  
Subject: New credit card recommendations Date: 7/30/2007 5:50 PM
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Hello, this is my first post here. I am looking for recommendations for a new credit card (also xposted on LBYM). The background:

For the last (quite a few!) years, I have been a relatively happy CapitalOne customer. The details:

- The card as a 90-day-same-as-cash rule, whether you are carrying a balance or not, for interest rates
- Interest applies in a first-in-first-out method - which means I have 90 days from the date of ANY purchase before incurring interest on that purchase
- Interest rate is a fixed 9.9% APR
- No other rewards associated with the card

My husband's and my credit ratings are both upwards of 800.

For the last year or so (I'll admit), we have not been paying the balance in full each month, but because of the 90-day-FIFO on the card, we have paid minimal interest (total of something like $14.00 total for the last 18 months or so?).

This is our primary card, really, more-or-less our ONLY card at this point.

The issue is that this CapitalOne card is now changing the fixed 9.9% to a variable Prime + 7.65% (currently something like 15.9%!!!)

I really prefer the fixed rate. But the 90-day-FIFO is also great.

What are the recommendations on the board, both what I should do with the current account (keep it, close it, use it as a backup), as well as recommendations of NEW credit cards (rewards, fixed rate, low rate, etc.).


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