Which Card For My Girlfriend?

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kcarter609
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Which Card For My Girlfriend?

Postby kcarter609 » Sun Sep 02, 2012 8:32 pm

Hi guys,

I've recently been looking at what my girlfriend has, and it's all store cards. She has 4 store cards:

GE Capital Sleepy's Matress $4,500
GE Capital JCPenny $2,200
New York & Company $970
Vitctoria's Secret $760

Total: $8,430

Her CK score is 660, Credit utilization is 25%, according to CK, Her average age of accounts is 0 years, 10 months. She has student loans that probably never reported to TU, but they were paid in full. She has no late payments.

I'm just unsure where to have her apply since she has no major credit cards. A card that she'll get approved for that has some type of rewards would be good. She is going to be spending ~$400 to ~$500/month on fuel/tolls with her new manager's position with the commute. Plus whatever she spends on fuel.

I thought about making her an AU on my Freedom and an AU on the BCP when I get it in January, with limits at like $1k, but I've never really been comfortable with letting other people use my stuff like that, regardless of who they are.

Thoughts?

Thanks,
Kevin

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


Rory
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Postby Rory » Sun Sep 02, 2012 11:45 pm

Credit karma is very unrealiable, sometimes your score can be up to 100 points greater and sometimes equally lower. I wouldnt trust it for any real data. Try using the federally mandated website that the credit bureaus had to put together to let consumers access their credit score report once annually for free at annualcreditreport.com.

I would suggest that she simply get her own cards, she has a decent history and i have no doubt that she would be able to get a chase freedom or a amex zync with the positive history she has so far.

good luck
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
Its not about the ending, its about the journey,
just as long as the ending is just as good :cool:

murakami
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Postby murakami » Mon Sep 03, 2012 11:44 am

store cards usually have pretty brutal interest rates and the promotional 0% from some offers can be a ticking time bomb if not paid in full by the end of the promotion....depending on how much interest she is paying and how fast the balances are being paid down, a balance transfer card might be worth looking into.

kcarter609
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Postby kcarter609 » Mon Sep 03, 2012 6:43 pm

murakami wrote:store cards usually have pretty brutal interest rates and the promotional 0% from some offers can be a ticking time bomb if not paid in full by the end of the promotion....depending on how much interest she is paying and how fast the balances are being paid down, a balance transfer card might be worth looking into.


The Sleepy's card is 0% for 18 months, she'll have it paid off then. The other debt is being paid in full in a few weeks.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

DavidNY
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Postby DavidNY » Mon Sep 03, 2012 8:28 pm

I'd suggest the BofA Cash Rewards card if she spends a lot on gas and wants cash back: 3% cash back on fuel, 2% on groceries, 1% elsewhere.

kcarter609
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Location: VA

Postby kcarter609 » Tue Sep 04, 2012 2:58 pm

DavidNY wrote:I'd suggest the BofA Cash Rewards card if she spends a lot on gas and wants cash back: 3% cash back on fuel, 2% on groceries, 1% elsewhere.


While that sounds good, I'm not a big fan of BofA. Are there any similar cards she would qualify for?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Money card
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Postby Money card » Tue Sep 04, 2012 10:06 pm

cash back a Discover more, citibank dividend and a capital1 green cash back card also American express blue cash card
all similar to the Bank of America cash back card.

Money card
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Postby Money card » Wed Sep 05, 2012 10:19 pm

it also depends on what will she be using credit cards for? will she be using them for shopping like New York & company, the gap
american eagle, talbots ect will she be using a credit card for gas stations, grocery stores , Trader Joes, department stores
like Lor&Taylor, Macys , JC penny's ect, will she be using credit card for restaurants?

will she be traveling on business?

kcarter609
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Location: VA

Postby kcarter609 » Thu Sep 06, 2012 6:20 pm

Money card wrote:it also depends on what will she be using credit cards for? will she be using them for shopping like New York & company, the gap
american eagle, talbots ect will she be using a credit card for gas stations, grocery stores , Trader Joes, department stores
like Lor&Taylor, Macys , JC penny's ect, will she be using credit card for restaurants?

will she be traveling on business?


Hardly any traveling on business. She will shop at JCP, but has to use the JCP card because she gets an employee discount with it of like 30% or something. She doesn't shop as much at the other stores any more... Here and there. It's going to be mostly food, fuel, some clothing here and there, gifts for people, and other random stuff. That's mainly it.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Money card
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Location: New York state

Postby Money card » Thu Sep 06, 2012 9:18 pm

I think the card your looking for is the Discover More, But first I want to go over the Blue cash perfered if she got approved she gets
6% cash back at grocery stores 3% back at gas stations and 3% cash back at department stores. I was informed the other day
that they don't wave the annual fee so it's 75.00 annual fee for the bluecash perfered.

you metioned she would be using her card for food , fuel , clothing and gifts.

Discover has a cash back card called the More I've been a member since 1998.
More recently they have a rotating category there standard is 1% cash back , might be lower for card members who have spent under
a certain amount. but for the 5% cash back rotating category they have it for movies, grocery stores, theme parks, fashion, department
stores, gas stations and restaurants.

the Difference between the Blue cash is the grocery stores, gas stations and department stores isn't a rotating category
6-3-3 while with the Discover from July first to sept, 30th we get 5% back on gas stations, theme parks and movies, but there is a 1500.00 cap. on Oct,1 I believe the categorys will be movies, electronix, department stores, not sure if they will do fashion and restaurant with the Blue Cash perfered theres no cap. with with Discover theres 1500 with the Blue cash perfered theres a 75.00 annual fee and from what I was informed the other night they don't wave the fee for the first year, with the Discover More theres no annual fee.

I'm guessing and I could be wrong I think the card for her would be the Discover More.



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