VattenÃ© wrote:Have you looked into the Sallie Mae MasterCard issued by Barclay? 5% back on gas, grocery, and bookstores. There are relatively low monthly caps on cash back ($250, $250, and $750, respectively) but if you have much spending in those categories it can really be beneficial because it's hard to beat that rewards return. I've been eyeing it lately myself just for the gas cash back. I believe it's more difficult to get than a Freedom, but with a 750 FICO (absent any other context) you could have good odds.
Edit - I hadn't refreshed since your last reply, but I'll leave this up in case it interests you.
Thanks for the information. I did come across this card, but I should've read a bit more and been more open-minded about it. Barclay is not a familiar name to me, and I assumed that I had to have a student loan or be affiliated with Sallie Mae in some way. It seems that is not the case. I'll consider it for the future.
Really I suppose I should be opening accounts now, gaining reputation with the big CC companies, and letting them age while I finish grad school. Right now I'm sitting on my CL with accounts that I pay off in full each month, so I maybe hit 1-2% utilization in a given month. I won't have a reason to need good credit for the next few years.
I just had the hard pull from Chase along with a couple soft pull CLIs on my Discover and AmEx cards, so I'm going to see how the next Discover FICO looks. If it looks fine, I'll consider looking at the Sallie Mae.
Brad Bishop wrote:I think, for those of you with the Amex-Costco co-branded card, that you have a pretty good position:
- American Express wants to keep you as a customer
- CostCo wants to keep you as a customer
All that you have to do is sit back and decide what's best for you.
This makes sense. I guess I prematurely assumed that they would just close the accounts.