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Message
Which Credit Card should I pick?
Posted on 8/5/12 at 9:56 am
Posted on 8/5/12 at 9:56 am
I need some help, and I know you guys are the ones to consult with. First off, I have a very small credit card with Capital One meant for college students with no credit. After researching, it looks like I am at the top end of this limit and wont be able to get a credit increase (many people have had this problem it looks like), which is mainly what I'm after.
I have a nice paying non-traveling job and do not over spend my money. I pay in full each month, but i dont want a charge card because i like the option of deferring payment if needed. I mostly just want a credit increase to decrease my utilization ratio. Plus, I want a card that will grow with me and allow more frequent CI in the future.
I prefer a card that i can use anywhere if possible. My first guess is Chase Freedom.
What are some of your credit card recommendations?
I have a nice paying non-traveling job and do not over spend my money. I pay in full each month, but i dont want a charge card because i like the option of deferring payment if needed. I mostly just want a credit increase to decrease my utilization ratio. Plus, I want a card that will grow with me and allow more frequent CI in the future.
I prefer a card that i can use anywhere if possible. My first guess is Chase Freedom.
What are some of your credit card recommendations?
3
Posted on 8/5/12 at 10:18 am to GoHoGsGo06
I had a Chase Freedom card for several years until Chase rolled out the Ink card for business. 1% cash back on all purchases and 5% quarterly bonus categories is pretty nice. How much do you spend in an average month?
A lot of people like Amex, but they charge an annual fee and it's not as widely accepted as Visa/MC.
A lot of people like Amex, but they charge an annual fee and it's not as widely accepted as Visa/MC.
Posted on 8/5/12 at 10:26 am to LSUGUMBO
I have chase freedom and I really like it. I would recommend this card.
This post was edited on 8/5/12 at 10:42 am
Posted on 8/5/12 at 10:44 am to LSUGUMBO
quote:
I had a Chase Freedom card for several years until Chase rolled out the Ink card for business. 1% cash back on all purchases and 5% quarterly bonus categories is pretty nice. How much do you spend in an average month?
I believe Chase freedom does the same thing that ink does.... They keep sending me offers for something along those lines
Discover offers the same thing as Chase freedom but they arent accepted everywhere like visa/MasterCard
I love my Amex and use it as my primary card but it's the travel benefits that make it the best fit for me.... However Amex's customer service is 2nd to none
I would just look around and see who has the best cash back options for what you spend the most on
Posted on 8/5/12 at 10:48 am to GoHoGsGo06
My main card is Chase Amazon and other is Citi Forward. I can call Chase's premium phone line still and they have Americans. It's so nice.
Posted on 8/5/12 at 11:01 am to BACONisMEATcandy
Do you travel alot? I dont think i travel enough to get thos benefits. Also, which Amex card do you use, there are like 50 of them haha
Posted on 8/5/12 at 11:17 am to GoHoGsGo06
I Just upgraded to the Delta Reserve card. I would not recommend that card unless you travel significantly. I've had the platinum version and if you fly delta for 3 flights a year it pays for itself based on that alone; that does not even include the priority boarding, miles earned, and free companion pass.
Since you probably don't just travel one airline I would look at the Blue card or if you have USAA they have an Amex as well
Since you probably don't just travel one airline I would look at the Blue card or if you have USAA they have an Amex as well
This post was edited on 8/5/12 at 11:19 am
Posted on 8/5/12 at 11:23 am to BACONisMEATcandy
I have the freedom, but hardly ever use it. It stays at home in my dresser, only because it is my oldest active account. Otherwise, it would be cancelled.
Not a terrible card, but there are much better cards out there.
How much per month do you put on the card and what are your top 3-5 expenses?
Also, Amex offers non-charge cards.
Not a terrible card, but there are much better cards out there.
How much per month do you put on the card and what are your top 3-5 expenses?
Also, Amex offers non-charge cards.
Posted on 8/5/12 at 11:55 am to GoHoGsGo06
I initially had that same capital one card in high school, but the customer service was terrible and I did not like the online features so I canceled it.
I now use the amex green charge card since I pay everything off every month and the customer service is second to none. I have the chase freedom visa card for everywhere that doesn't take amex. I've been very happy with both overall and would recommend either.
I now use the amex green charge card since I pay everything off every month and the customer service is second to none. I have the chase freedom visa card for everywhere that doesn't take amex. I've been very happy with both overall and would recommend either.
Posted on 8/5/12 at 12:41 pm to TheHiddenFlask
I dont really even use my credit card that often right now. Because of my low limit,$750, i was basically just using ,y debit card. Upon reflection, i noticed this was dumb and that i could be building credit as well as making rewards/points if i play my cards right.
Currently, i only used my credit card for things like hotel reservations or restaurants. I can see using it to buy groceries and such once my limit gets increased. I own my car and have cheap rent, make decent money; i just feel like i should have at least a 3-5k credit limit.
Currently, i only used my credit card for things like hotel reservations or restaurants. I can see using it to buy groceries and such once my limit gets increased. I own my car and have cheap rent, make decent money; i just feel like i should have at least a 3-5k credit limit.
Posted on 8/5/12 at 12:55 pm to GoHoGsGo06
If you get a Amex I think your credit limit (if you are not getting the charge card) will be lower than if you got a visa or MasterCard for the 1st 6 months.... Then you can request a credit increase.
Eta: if the inital credit limit is important to you I would not go Amex
Eta: if the inital credit limit is important to you I would not go Amex
This post was edited on 8/5/12 at 1:14 pm
Posted on 8/5/12 at 1:20 pm to GoHoGsGo06
I always have a 2 card system, 1 amex and 1 visa/mastercard.
Amex usually has the best all around rewards, but is not accepted at some places, so a backup is necessary.
Check out the Amex Blue preferred if you spend a lot on gas/groceries.
I travel pretty often and don't spend much on gas, so I have the HHonors amex, but if hotel/airline points isn't your cup of tea, this is the usually best cash back card.
For a visa, the Citi Forward is a great pair, as it offers a unique set of high rewards 4.2% back on amazon and restaurants).
With this combo, you will be getting
6% cash back on groceries
4.2% points back* on restaurants
4.2% points back* on Amazon
3% cash back on gas
1% cash back on everything else
*you get 5 points per dollar, but to buy a $50 gift card requires 600 points. It is possible to get the full 5% back, but it requires you to use the points for direct shopping.
Amex usually has the best all around rewards, but is not accepted at some places, so a backup is necessary.
Check out the Amex Blue preferred if you spend a lot on gas/groceries.
I travel pretty often and don't spend much on gas, so I have the HHonors amex, but if hotel/airline points isn't your cup of tea, this is the usually best cash back card.
For a visa, the Citi Forward is a great pair, as it offers a unique set of high rewards 4.2% back on amazon and restaurants).
With this combo, you will be getting
6% cash back on groceries
4.2% points back* on restaurants
4.2% points back* on Amazon
3% cash back on gas
1% cash back on everything else
*you get 5 points per dollar, but to buy a $50 gift card requires 600 points. It is possible to get the full 5% back, but it requires you to use the points for direct shopping.
Posted on 8/5/12 at 1:34 pm to TheHiddenFlask
quote:
I always have a 2 card system, 1 amex and 1 visa/mastercard
I do the same thing but only because my MasterCard was my 1st credit card. If it wasn't for that I would just use my debit card when Amex is not accepted
eta: Good blog post
This post was edited on 8/5/12 at 1:46 pm
Posted on 8/5/12 at 2:00 pm to TheHiddenFlask
I'm pretty sure they stopped that much back on Amazon with the citi forward. When it first started it was, not now.
Posted on 8/5/12 at 3:44 pm to AUtigerNOLA
I am also looking into a new Credit card.
Law student, don't travel much just want an easy card that I can spend about 1-2k a month on.
Currently use a citi forward card, but it is hooked up under my moms primary card and I want to get off her account.
I have a Chase Freedom card with a 10k limit from my Fraternity treasurer days that I may just start using, its in my name I just used to use it for that.
Law student, don't travel much just want an easy card that I can spend about 1-2k a month on.
Currently use a citi forward card, but it is hooked up under my moms primary card and I want to get off her account.
I have a Chase Freedom card with a 10k limit from my Fraternity treasurer days that I may just start using, its in my name I just used to use it for that.
Posted on 8/5/12 at 4:35 pm to lighter345
What's everyone's opinion on the Cap.One venture card?
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