What cards should I be looking at for the future?

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mountaindewvoltage
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Re: What cards should I be looking at for the future?

Postby mountaindewvoltage » Wed Oct 12, 2016 3:53 am

forrestst wrote:Well first, my bank doesn't offer credit cards. When I asked them, several people there said my debit card worked just as well and I didn't need a credit card. My mom has a Wells Fargo Visa card and she wanted me to get a card from them, but Wells Fargo told me I need to open a bank account before I can apply for a credit card and I didn't want another bank account. That's when I went to FNBO and ended up getting a secured card from them. It says on their website that I may qualify for a higher credit limit without an additional deposit after 7 months, but that hasn't happened. So I don't believe anything I've been told, they even said I can automatically get my deposit back after just 11 months, but I'm thinking they'll just keep my money until I cancel my card.

I felt like I made a mistake when I applied for the Crap 1 Platinum card, in fact, when I received my card with my $300 limit, I just wanted to send the card back and tell them to keep it. The reason I applied for the card was because I anticipated cancelling my FNBO card to get my money back but the Platinum card just doesn't excite me, Maybe if I cancel the Platinum card now, then I only have one card (FNBO) and I could apply for the QuickSilver One card then after 12 to 13 months, if I haven't heard from FNBO, I'll cancel the card and get my money back.


I think you need a new bank if they're telling you a debit card works "just as well" as a credit card. While they both have a Visa or MasterCard logo on them, debit cards are only 1/10th as similar as a credit card. If a BANK is telling YOU what is best for you, it is time to dump them for someone else. I know what's best for myself and if I were you, I wouldn't want to do business with a company who thinks they know more about my own life than I do.

If Bank of America or my credit union ever said that to me, I'd be with a new bank in two weeks.


Tubpbs
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Re: What cards should I be looking at for the future?

Postby Tubpbs » Wed Oct 12, 2016 5:22 am

Your situation with your parents seems much more dire than which credit card to apply for next.

1. Your parents can't step in and do anything with your credit cards unless you let them. That's illegal.
2. You don't have to get gas where your dad tells you or use his gas card. That's ridiculous. And 5 cents off a gallon is not particularly helpful, especially if you're tied to a specific station.
3. You need to make your own decisions (unless you're incapable of doing so). Letting your parents tell you what to do when you're 21 is a recipe for a very unhappy existence and never growing up and being capable of making your own decisions.

First thing you should do is figure out that parents / dad problem.
Amex - BCP, Platinum, Business Gold
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kcm7
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Re: What cards should I be looking at for the future?

Postby kcm7 » Wed Oct 12, 2016 10:17 am

I felt like I made a mistake when I applied for the Crap 1 Platinum card


A lot of us here have probably made similar mistakes (wasted an inquiry on a low-limit card, wasted an inquiry on a card we didn't get approved for, etc.). The trick is to make the most of the situation and accept that you made the mistake. For you, that probably means just biding your time and making the most out of both your cards. Your parents shouldn't legally be able to close either for you, UNLESS they are co-signers on your account.

A few years from now, this will be nothing but a blip and you'll have moved on.

And I'll agree with Tubpbs that separating your credit life from your parents is paramount. Good luck -- a lot of parents mean well and do more harm than help without realizing it.
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Tubpbs
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Re: What cards should I be looking at for the future?

Postby Tubpbs » Wed Oct 12, 2016 10:23 pm

kcm7 wrote:
I felt like I made a mistake when I applied for the Crap 1 Platinum card


A lot of us here have probably made similar mistakes (wasted an inquiry on a low-limit card, wasted an inquiry on a card we didn't get approved for, etc.). The trick is to make the most of the situation and accept that you made the mistake. For you, that probably means just biding your time and making the most out of both your cards. Your parents shouldn't legally be able to close either for you, UNLESS they are co-signers on your account.

A few years from now, this will be nothing but a blip and you'll have moved on.

And I'll agree with Tubpbs that separating your credit life from your parents is paramount. Good luck -- a lot of parents mean well and do more harm than help without realizing it.



Also, I don't know if I said this earlier or not, but closing the card will do much more harm than good. The card, low CL aside, will help your profile in the short and long run a lot. Trust me. Give it some time. Leave it sit. Even if you just leave it and don't use it until Cap1 closes it, you're still MUCH better off than closing it now.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

MrAB3
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Re: What cards should I be looking at for the future?

Postby MrAB3 » Wed Oct 12, 2016 11:22 pm

I recommend the Discover It Student card if you're in college right now. The student version (not the Chrome version) has the same cash back rewards as the regular It card, but you might get a better limit and terms. I was lucky enough to be approved for the non-student version when I was still in college and it introduced me to the world of credit card rewards and credit management.

Gas is usually one of the 5% quarterly rotating categories for the regular and student version. It's also a non-rotating 2% category in the Chrome version if that's what you prefer.

Young adults who aren't in school, but have a limited history can get this card, even if they're not in school. I'm sure your parents would approve of it as well.

I have attached a link to Discover's website below:

https://www.discover.com/credit-cards/student/

Hope this helps!
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