Q: I had a Chapter 7 discharge a year ago. Capital One gave me zero percent interest for 12 months. Should I apply for another card now?
At this stage of the credit rebuilding process, you don't want to damage your credit score by completing too many applications. Every new offer you submit generates a "hard pull" against your credit report, which can make banks worry that you're trying to boost your borrowing too quickly. That's why it's important to look for credit cards that fit your profile.
If you really just want to extend your overall credit limit or reduce your interest rate, consider talking to Capital One. Since you already have an account there, your year of on-time payments could qualify you for a second credit card with enhanced features or with a lower APR. Capital One even lets you check their website for pre-qualified offers without requiring that hard pull.
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