What's a good first Rewards CC

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ttdun314
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Re: What's a good first Rewards CC

Postby ttdun314 » Tue Jun 09, 2015 12:43 pm

I just wanted to update everyone.

I replied to the Discover offer and was instantly approved.


Whatamuji
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Re: What's a good first Rewards CC

Postby Whatamuji » Tue Jun 09, 2015 12:48 pm

Congrats! I'm very happy with Discover. Wish more credit card companies could be as good as them. You made a good choice and I hope your Discover card benefits you as much as it has me in the last 10 months I've had mine.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

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CarefulBuilder14
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Re: What's a good first Rewards CC

Postby CarefulBuilder14 » Tue Jun 09, 2015 1:23 pm

ttdun314 wrote:I just wanted to update everyone.

I replied to the Discover offer and was instantly approved.

I'm a bit surprised, but that's a great card to have with a short history. Do you know your credit limit or APR?

Call and request double cash back. You may get it automatically, but be sure you're signed up.

Discover likes it when customers use the card a lot, so the card's CL should grow over time without much trouble.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

ttdun314
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Re: What's a good first Rewards CC

Postby ttdun314 » Tue Jun 09, 2015 1:56 pm

CarefulBuilder14 wrote:
ttdun314 wrote:I just wanted to update everyone.

I replied to the Discover offer and was instantly approved.

I'm a bit surprised, but that's a great card to have with a short history. Do you know your credit limit or APR?

Call and request double cash back. You may get it automatically, but be sure you're signed up.

Discover likes it when customers use the card a lot, so the card's CL should grow over time without much trouble.


I was a tad surprised as well, but figured they sent me the application in the mail for a reason.

No, I don't have any of that information as of now. I'll let you guys know when I do.

When you say double cash back, are you referring to the Double Cash Back at the end of the first year promotion? Or is that something different? The application said you are automatically enrolled in DCB at the end of first year.

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CarefulBuilder14
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Re: What's a good first Rewards CC

Postby CarefulBuilder14 » Tue Jun 09, 2015 3:22 pm

ttdun314 wrote:When you say double cash back, are you referring to the Double Cash Back at the end of the first year promotion? Or is that something different? The application said you are automatically enrolled in DCB at the end of first year.

That's the promotion I was talking about, so you don't have to do anything further.

I am happy that they extended it to existing customers, too - at least to those who ask.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

morgacj2004
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Re: What's a good first Rewards CC

Postby morgacj2004 » Thu Jun 11, 2015 1:49 pm

I would recommend applying for the Capital One Venture card . Capital One seems to have more relaxed standards than a lot of the other lenders right now and they are handing out higher initial CL than other lenders. I got a Venture card at the beginning of this year with a 20k limit. At the time my FICO score was only around 680.

ttdun314
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Re: What's a good first Rewards CC

Postby ttdun314 » Fri Jun 12, 2015 8:38 am

I just received my confirmation email from Discover today. So let that be a note to anyone waiting for a Discover card: when I was approved the message said I would receive the card in 5-7 days, but it took four days for me to receive the confirmation email. My credit limit is $1,250.

For people new to credit and looking to get started:

Four months ago I had absolutely no credit, no credit cards or loans of any kind. My first CC was the Cap One Journey Student CC, with a CL of $300. After 3 months of $10-30 of purchases a month, and paying this off in full, I received a promo for the Discover It card in the mail, applied, and received a $1250 CL.

You may have a different experience. Good luck!

JonE
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Re: What's a good first Rewards CC

Postby JonE » Thu Jun 18, 2015 10:03 am

I would say Chase Freedom, but I applied at a time where they weren't so picky, and I was just starting off credit with 3 other cards, a since-canceled Amazon store card, Wal-Mart and Care Credit. But hey gave my highest limit to date. I thought I might go for CSP next, but I'll probably make it Double Cash or something Barclays when my next baddie falls off in November-December or so.
Current Cards: Chase Freedom, Discover IT
Future: TBD



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