My First Credit Card - What Should I Get?

For just about anything you want to get off your chest about credit cards.
8 posts
ffactoryxx
 
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Joined: Wed Jan 05, 2011 10:42 am
Location: Philly

My First Credit Card - What Should I Get?

Postby ffactoryxx » Wed Jan 05, 2011 10:52 am

So I basically am about to pick up my first credit card at the young age of :beat:

I have always used my bank cards or checks to pay for everything.

At the moment I own a $300K house I am paying a mortgage on and have a nice car. I have 0 debt other than car payments and mortgage and a good credit score.

Basically I have seen so many cards and its making my head spin.

I basically want a credit card that is going to offer the most cashback on purchases and also give me a access to a good member program where I can order stuff through there portal stores with cashback.

The main things I use to purchase on a yearly basis are the following
1. Electronics - Buy from Amazon.com, Newegg.com
2. Groceries - I generally buy things at Giant and Walmart
3. Clothing - I like to shop! I usually goto Lord and Taylor or Macys
4. GAS GAS GAS
5. I eat out at restaurants a lot for lunch and dinner year round.
6. Travel - I like to go skiing and also will be flying 2-3 times in a given year.

For my first credit card what would be best at the moment? I have seen Discover More and Sapphire and Freedom. 5% looks great but would that help me on the other purchases at Amazon or Best buy?

Lastly can I put my Phone, Cable and Utility Bill on my Card and Earn points that way as well and just pay the balance at the end of the month?

Thanks


concorde
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Location: Down South

Postby concorde » Thu Jan 06, 2011 12:29 am

I have found that the credit cards play a game with us by never having a single card that is good for everything. There will be one that's good for some types of spending but bad on others and vice-versa. If you want simplicity go with a card that matches your spending the most. I like the Blue from American Express with its 5 percent on grocery gas and drugstores. The trick is that it takes spedning of X number of dollars to get that. I think it's $6000 per year.

ffactoryxx
 
Posts: 2
Joined: Wed Jan 05, 2011 10:42 am
Location: Philly

Postby ffactoryxx » Thu Jan 06, 2011 8:31 am

I also saw a couple places recommend the Discover Escape with it's 2 point per dollar.

CCG
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Location: Austin, TX

Postby CCG » Thu Jan 06, 2011 6:39 pm

Welcome to the forum, ffactoryxx!

Here are credit card reviews for both the Discover Escape and the Blue Cash. Taking a look at these will probably help in your decision process.

Discover Escape review
American Express Blue cash review
Good luck,
CreditCardGuru

Markwilliam
 
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Joined: Fri Jan 07, 2011 6:02 am
Location: London

Postby Markwilliam » Fri Jan 07, 2011 6:10 am

I have been an American express platinum card holder for over 5 years and I absolutely love this card. They give excellent reward benefits.

EJSanchez
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Location: west coast

Postby EJSanchez » Fri Jan 07, 2011 2:40 pm

Markwilliam wrote:I have been an American express platinum card holder for over 5 years and I absolutely love this card. They give excellent reward benefits.


Uh I don't think you can get a Platinum as a first credit card!

Keysmasher
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Location: Texas

Postby Keysmasher » Fri Jan 07, 2011 2:45 pm

Are you the same guy on Slickdeals ? This guy can get a Platinum with his income and since he has a mortgage, that will be reporting pretty nicely on his CRs.

EJSanchez
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Location: west coast

Postby EJSanchez » Fri Jan 21, 2011 2:24 pm

Are you asking me?



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