What are some good cards for starting out?

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newtothis
 
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What are some good cards for starting out?

Postby newtothis » Mon Jul 14, 2014 2:10 pm

I am new to credit cards, but have 750 credit score atm.
I just signed up for chase sapphire and freedom (instead of discover it) since they are linked and I can transfer my rewards from freedom to miles.

At the moment though, with Sapphire I have a 15.99 apr, and Freedom is giving me 18.99 apr (wtf?)
Not sure why the big change.

My biggest things is saving money for gas, restaurants, and eating.
I don't want to get swamped in cards.

I was thinking for using freedom for everyday stuff, and Sapphire for eating out, and travel.

Is it worth getting an amazon/ebay card if I do a lot of shopping on ebay and amazon?


MemberSince99
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Postby MemberSince99 » Mon Jul 14, 2014 4:23 pm

Amazon card does nothing special that you wouldn't get using the other cards for eBay, only for Amazon. Freedom typically has a 5% Amazon quarter like the 4th quarter of this year, so you would have to do the math with your spending on Amazon to determine if the Amazon card is worth it or not to you. That's really what it would come down to.


Also since you are a new Chase customer you may bump into their internal limit for you of how much credit they will give you across all cards. Keep that in mind.

ccaddict
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Postby ccaddict » Mon Jul 14, 2014 6:36 pm

newtothis wrote:I am new to credit cards, but have 750 credit score atm.
I just signed up for chase sapphire and freedom (instead of discover it) since they are linked and I can transfer my rewards from freedom to miles.

At the moment though, with Sapphire I have a 15.99 apr, and Freedom is giving me 18.99 apr (wtf?)
Not sure why the big change.

My biggest things is saving money for gas, restaurants, and eating.
I don't want to get swamped in cards.

I was thinking for using freedom for everyday stuff, and Sapphire for eating out, and travel.

Is it worth getting an amazon/ebay card if I do a lot of shopping on ebay and amazon?

My first card was amazon from chase. And then amex everyday card. The paypal MasterCard is pretty cool too. Amazon and paypal cards are awesome if you do a lot of online shopping but I would prefer the freedom card if I was in your situation. I don't like the sapphire card personally. The revolving categories are on the freedom I think it just depends on how much you will actually travel I guess haha

supercoolman
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Postby supercoolman » Tue Jul 15, 2014 1:42 am

if you do amazon quite a bit, then Sallie Mae maybe better

beef.stu
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Postby beef.stu » Tue Jul 15, 2014 3:49 am

supercoolman wrote:if you do amazon quite a bit, then Sallie Mae maybe better


I agree. You get 5% off the first $750 you spend at bookstore/amazon each month. Not to mention also 5% on first $250 in gas and also in groceries as well.

Another aspect of the sallie mae card that i like is that your rewards points are given as soon as the transaction posts, meaning that you dont have to wait until your statement closes to get your reward points
(01/10) - Wells Fargo VISA Platinum
(05/10) - Techron Advantage
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
(09/15) - Citi Double Cash WEMC
(09/16) - US Bank Cash+ VISA Signature
(01/17) - Amazon Prime Rewards Visa Signature

supercoolman
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Postby supercoolman » Tue Jul 15, 2014 7:53 am

beef.stu wrote:Another aspect of the sallie mae card that i like is that your rewards points are given as soon as the transaction posts, meaning that you dont have to wait until your statement closes to get your reward points


capital one QS is the same to give CB right when transaction is posted with no minimum redemption requirement. I usually redeem multiple times throughout a month

takeshi
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Postby takeshi » Tue Jul 15, 2014 8:16 am

newtothis wrote:At the moment though, with Sapphire I have a 15.99 apr, and Freedom is giving me 18.99 apr (wtf?)
Not sure why the big change.

Depends on your credit which is not static.

newtothis wrote:Is it worth getting an amazon/ebay card if I do a lot of shopping on ebay and amazon?

You'd have to define "a lot". Give us some numbers as a lot for one may not be a lot for the next. You'd also need to tell us what would make it worth it to you or not. The details on the rewards are on their sites and you can compare to your spend on Amazon and eBay.

Have you looked at the reviews for the cards on this site? Neither seem to have been updated recently but they might still be useful.
http://creditcardforum.com/rewards/1116-amazon-credit-card-review-rewards-ripoff.html
http://creditcardforum.com/rewards/1044-ebay-credit-card-don-t-apply-without-reading.html

newtothis
 
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Postby newtothis » Tue Jul 15, 2014 10:35 am

Thanks for all the info.
Very helpful.

Might I ask why you guys don't like the sapphire much?

Any other alternatives for travel cards?
Or should I just stick with cashback cards?

And by a lot, usually 200-300 a month on ebay/amazon



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