- Gold Member
- Posts: 39
- Joined: Wed Mar 06, 2013 9:56 am
- Location: Florida, United States
It's an interesting issue. A 0% APR rewards card with no FOREX, and set up for someone who doesn't travel much. I don't think that card exists.
So, let's look at the issues here. A rewards card isn't hard. And the two Chase cards you've mentioned are great. While you have a great score, you have no reported income, likely have some debt, and likely have no real significant credit history. To me, that spells Freedom if you can get it.
The idea of a 0% APR card is appealing, and that says DiscoverIT. But may be difficult to use where you are traveling.
The whole FOREX thing is overblown to me. If you spent $1k, you'd be talking $30 in fees. About the cost of one decent dinner. Are you planning to spend $1k in foreign purchases? If not, I'd suggest not worrying about this too much.
AmEx is likely off the table as I can't see you getting into the Platinum at this point. Although all their charge cards are 0% APR since you need to pay them off every month. But I think you were looking for something you could carry a balance on.
Based on the info you've offered, I'd say try to pick up a Chase Freedom/Sapphire/Sapphire preferred. And honestly, I'd start with the Freedom. The 5x bonus categories are something you can likely use, and their rewards program is excellent. The Preferred card is great, but it's $95 bucks a year. You'd need to spend $3k+ overseas to make that balance out against FOREX fees.
Best of luck.
AmEx - Platinum, Gold, Bluebird
Chase - CSP, Freedom
HSBC - Orchard Bank (1999)