What should I choose for my first prime credit card?

For just about anything you want to get off your chest about credit cards.
3 posts
whyem
 
Posts: 1
Joined: Tue Jun 03, 2014 3:55 am
Location: Pennsylvania

What should I choose for my first prime credit card?

Postby whyem » Tue Jun 03, 2014 4:17 am

Hi everyone,

I am a 27 hear old who just started his credit history over a year ago. I started with a Capital One card and now I have a discover it card. I am actively trying to build up a credit history and wish to soon get some of the "prime cards".

I have a credit score of 717. The other day I raised my credit line of 700 to 1250 on my discover it card. I have a couple hard inquiries due to this. I have been responsible and have been paying my bills on time.

I now wish to branch out and get a new card! I have my eyes on chase sapphire but I really doubt I will be approved for this. So what do you guys think? What card would be best for me to get next? Cash back and rewards are my main priority so I am considering the Amex blue card or the freedom chase. Do you guys think I will have a problem getting either or? Do I have a chance of maybe even getting the chase sapphire?

Please keep in mind I just started my credit history over a year ago, have a 717 score and the highest limit I have is 1250$.

Thank you in advance!!


Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Tue Jun 03, 2014 9:45 am

Welcome to the forum. It depends. What do you spend money on/how much will you be spending on average per month? Income?
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Wed Jun 04, 2014 8:46 am

whyem wrote:Cash back and rewards are my main priority so I am considering the Amex blue card or the freedom chase.

What are your biggest spend categories and what's your spend like on those categories? There's more than one Blue and the one best suited to you will depend on spend. It's entirely possible that you should be looking at others cards based on the info you provide.

whyem wrote:I have my eyes on chase sapphire

If cash back is a priority then why the Sapphire? You can certainly do cash back but points are generally worth more if transferred. The CSP is generally better suited to those with relatively high spend. Have you looked at the transfer partners to ensure that you could use the accrued UR points?



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 1 guest