What's the best alternative to replace my debit card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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flyinglow
 
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What's the best alternative to replace my debit card?

Postby flyinglow » Fri May 31, 2013 9:07 pm

I got rid of my credit cards several years ago and just started using my debit card for everything until recently, when I was told by my bank that they would not guarantee any losses due to fraudulent use.

I have a $5,000 checking reserve and really don't want to have it reduced but with my info floating around I am concerned.

I have good credit and will probably use the credit card for internet purchases, hotel rooms and travel. There are so many cards out there i am confused, I don't really want to pay a yearly fee, 90% of the time will pay it off at the end of the month.

Any suggestions for a low interest card??


MemberSince99
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Postby MemberSince99 » Sun Jun 02, 2013 5:31 pm

If you are going to pay it off, why the concern about the interest?

It just depends on your credit profile. You have no revolving credit right now so you might have to "start over" so to speak. If you had a previous relationship with a lender you might want to try them first as they may take that into account with you.

I would suggest that. Not knowing your scores/history/income etc it's hard to know what to recommend.

DavidNY
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Postby DavidNY » Sun Jun 02, 2013 5:58 pm

flyinglow wrote:90% of the time will pay it off at the end of the month.


If you PIF 100% of the time you can make money from using your cards.

im_mr_awesome
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Postby im_mr_awesome » Sun Jun 02, 2013 5:59 pm

I would suggest a rewards card like the Chase Sapphire, though without credit cards I doubt you'd qualify. I agree with 99; you should go to the lender you had the best relationship with, and try for a decent account with them.

I'm not sure how easy it would be to qualify for, but the Capital One Cash Rewards or Venture card might be okay.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680

MemberSince99
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Postby MemberSince99 » Sun Jun 02, 2013 6:30 pm

Venture is a good card, but dead seriously it might be harder to get than Amex. Unlike their subprime cards they don't hand those out very easily. I would not apply for that with that history - Cap One wants to see some serious history according to their own site before they will give you that, and what I've read says it's not that easy to get.

im_mr_awesome
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Postby im_mr_awesome » Sun Jun 02, 2013 6:36 pm

I stand advised. I didn't know the Venture was a difficult card to obtain. I will add the Freedom card in place of the Venture. It can be approved for low limits of $500 and a friend of mine had limited credit history and was approved for $5500. It's also a great rewards card with a good bank. It's not a travel rewards card, but cash back is hard to argue against.

You should be able to use it in the UR mall and get extra points. Someone with a Freedom should comment if you can use Freedom rewards for travel. If so, it's a good bet. Otherwise, the cash back is still good.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680

MemberSince99
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Postby MemberSince99 » Sun Jun 02, 2013 6:40 pm

From what I've read you can transfer your Freedom points if you also have the CSP and do it that way.



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