Should I get another credit card?

[Cliff Rosa]

I want to have all my ducks lined up in a row when I get back from this deployment in Iraq in 10 months to start flipping homes. Right now I have 740 FICO score. I only have 1 credit card with Chase and that is at $3500. I asked for a limit increase but they said that they will need to pull a credit report to raise it. I sent them an email back saying that it would be counter productive to do that and if they will raise it based on my excellent payment history. Ive read alot that Chase rarely raise limits.

So I wanted to know if I should go with a citi card or some other card that will be able to raise my total revolving credit. I was reading that BOA has a card that they will match what you deposit into the account with your credit limit, ex depost 5k and you will get a 5k limit. But they have a very high interest rate and no rewards so I want to look at something differnt. Are there any other cards that are similiar to that?

Last question, I am aware that applying for another card will hurt my score somewhat. But to what extent? And how long will it be effect?

Actually this is the last question promise!, I have heard about the shotgun credit card approval. Basically you apply to a bunch of cards at the same time, preferably the same hour or two and that will give you essentially way more credit cards and a really high limit. Any ideas about this?

Im about to go to bed, really looking forward to your suggestions, thanks BP!