What card should I apply for next?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
4 posts
Kicker
Platinum Member
Platinum Member
 
Posts: 51
Joined: Tue Jun 12, 2012 5:37 pm
Location: California

What card should I apply for next?

Postby Kicker » Wed Sep 12, 2012 6:37 pm

Hey everyone, I'm a college student and I currently have a Amex Green and a Wells Fargo Rewards Card 800 CL. I got my Wells Fargo card last October so I'm going to call them soon about a CLI. Anyways, what card would you recommend I should apply for?

Thanks a lot.
My Wallet:

Wells Fargo Visa - $1200 (Obtained 2011)
AMEX Green - NPSL (Obtained 2012)
Chase Freedom - $3000 (Obtained 2012)
Citi Diamond Preferred - $2000 (Obtained 2013)


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Wed Sep 12, 2012 8:42 pm

What are you looking for? Most cards these days have rewards, so you should apply for a card with the rewards you are looking for. I personally love cash back and for me, the Bank of America BankAmericard Cash Reward card works best for me as I get 3% on gas, 2% on groceries and 1% on everything else. I also get a 10% bonus for depositing my cash reward into my BofA checking account. Chase Freedom is also a great cashback card.

There are airline mile cards, hotel cards, cruise ship cards etc. So you need to look at what kind of rewards you want. Opening a card for the sake of opening a card is not recommended.

Good luck with the CLI on Wells Fargo. WF is pure crap and I keep wishing they would go under or get bought out but I guess that wont happen anytime soon :( They are annoyingly doing well.

You may want to look into Citibank for a decent credit line. And even if approved for a lower limit now, Citibank makes it easy to get periodic credit line increases. Otherwise I would recommend allowing your current cards to age a little bit more for the best chances of being approved for a prime card with a decent credit line.

Kicker
Platinum Member
Platinum Member
 
Posts: 51
Joined: Tue Jun 12, 2012 5:37 pm
Location: California

Postby Kicker » Thu Sep 13, 2012 6:24 pm

Thanks for the reply as always Deville. I'm just looking for a card with recommended by the users of this forum, I suppose. I just feel like I would need at least another card since carrying just one $800 CL card and a charge card won't really boost up my credit score as opposed to someone with 5 cards...I don't travel so those hotel and airline specialized cards won't really do me any good but if they're any good I guess I could use them down the road. From personal experience I'm not really fond of BOA so I think I'll stay away from them. But thank you for the recommendation. Chase's Sapphire Card would probably be out of my league right? :ppp If not, Chase Freedom seems like a decent card with a higher probability of me getting approved.

Btw, what do you think of Barclays? I saw some ads on their site but I am not really familiar with them. And I also heard Discover is a pretty reputable for cards, too.

What's your experience with WF? They're the first bank to give me a CC and also my personal bank so I kind of have a soft spot for them haha.

Thanks a lot.
My Wallet:

Wells Fargo Visa - $1200 (Obtained 2011)
AMEX Green - NPSL (Obtained 2012)
Chase Freedom - $3000 (Obtained 2012)
Citi Diamond Preferred - $2000 (Obtained 2013)

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Thu Sep 13, 2012 7:35 pm

I personally feel that you should make your cards work for you. If airline and hotel points are not of interest, cash back is always of interest. The Chase Freedom is a great overall cash back card. I prefer my BofA Cash Reward card because I always get more on gas and groceries which are the things I buy most (I know, boring). Discover is also good but I do not care for their tiers (.25% on the first $1,999.99 spend .50% for $2000-$2999.99 and then 1% at $3,000+). But their 5% bonus offers are great.

So, I use my cash back cards for all my purchases; purchases that I would have used a debit card or check for, pay in full every month and I get cash back. It adds up! I think Sapphire might be out of your league for another year or two. Sapphire cards are Visa Signature/World MasterCard so Chase will require a $5K minimim credit line. Freedom might be your best bet.

Barclays....overall they are considered sub prime, but they are becoming more prime. They offer a ton of cobranded cards so if you look at cobranded cards, like say the NFL card, those are all backed by Barclays. I don't have any experience with them but I wouldn't open an account because they are foreign owned. I have absolutely no issues with the UK, but I prefer to do as much business with US companies as possible. I have not heard anything bad about them other than they can give out small-ish credit lines if you are new to credit or rebuilding credit. They are also very inquiry sensative (which I commend them on actually) so if you open a Barclays dont go out opening other cards for the first 6 months because they will be watching.

Wells Fargo just makes me sick. I've actually never done business with them actually LOL. When I lived in Colorado they came and just got huge (actually Norwest bought Wells and all the Norwests changed to Wells). I guess I didn't like how big they got. I mean, yes, there is BofA, Chase and Citibank (Denver only has Wells and Chase) but none of them tick me off quite like Wells Fargo. I can't stand their colours, that tired horse drawn buggy logo and their stupid commercials. Have you seen the newest where the lady asks her husband (and I use that term loosely as she obviously wears the pants in that marriage) if they are in London? He says "no" and she says "huh, because that is where my debit card is." An then they go to a God awful Wells branch and the banker gives her a temporary debit card and the man says "welcome back." Good night! You'd think a mega bank like them could afford decent commercials. And now that they bought Wachovia they are even more huge than ever before! Wells Fargo on the east coast just doesnt seem right.



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