Best card for a non-traveler?

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7 posts
iarcfsilcc
 
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Best card for a non-traveler?

Postby iarcfsilcc » Thu Apr 04, 2013 10:33 pm

Hey folks, sorry if this is the wrong place to ask this question. In short, I'm looking for a cc suggestion.

Here's my situation:
I'm looking to get my first rewards card and I don't know what to get. I've been considering Chase Freedom/Sapphire Preferred, Discover It, and Amex. I've been researching a lot on the former 2 (Chase + Discover cards) and barely anything on Amex.

I'm about to graduate from school and plan on taking a trip. It's a big expense that I'd love to put on a rewards card very soon (within a week or so) to utilize the points/miles and whatnot. However, I don't expect myself to travel a lot afterwards - maybe visit home once or twice a year.

The trip is also out-of-country so I've been looking at which cards don't have foreign transaction fees. Even though this is going to be just for 1 small trip, I feel like I might visit Canada every once in a while as well.

Another key point for me is how long I'll be able to hold 0% APR. At this moment, I don't have much assets, but am due for a paycheck starting in June. So all this "0% Intro APR" is somewhat nerve-wracking to me since I'd like to have that intro be at least 3 months or so.

Lastly, I'm worried about the acceptance rate of Discover cards. I know they're accepted at more places than they used to be, but I'm hesitant about it. For some reason, this is a huge con for me.

I haven't applied for anything yet, but I found out about my credit score and it's better than I expected it to be = it's 750+. I talked to a lady at Chase and she said that I had a 75% chance of getting a Chase Sapphire Preferred.

So given my situation, is there a good card for me?


Robrus1
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Postby Robrus1 » Mon Apr 08, 2013 11:08 pm

Key things to look at would be no foreign transaction fees, acceptance, and how you feel about annual fees. If you don't mind paying $95 a year, the CSP is a great rewards card and widely accepted. Cap One has some no foreign transaction fee rewards cards but don't expect them to grow with you or have good customer service. Discover isn't widely accepted overseas and the only Amex with no foreign transaction fees that I know of is Platinum, which is really geared toward frequent travelers. I don't know your scores, history, or approx income, so it's hard to say what direction to point you, but assuming everything looks good, I'd suggest the CSP. Their customer service is fantastic and the rewards system is pretty good. Also, if in a year from now you decide that the annual fee isn't worth it to you, you can downgrade to the no annual fee Sapphire. CSP has a great signup bonus also.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

Scoach
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Postby Scoach » Tue Apr 09, 2013 12:07 am

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)

DavidNY
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Postby DavidNY » Tue Apr 09, 2013 9:43 am

Consider Priceline Visa with 2% cash back and no AF (3% FTF), or BofA Travel Rewards which has 1.5% cash back on travel with no AF or FTF.

nvtech
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Postby nvtech » Tue Apr 09, 2013 10:11 am

If you don't care much about the Airline Miles...Hotel Points..Transfer programs..and all you need is a plain vanilla reward card, I think Penfed Travel Rewards is very good too.

Its a plain 5x on Airfare. You can redeem the points for Airfare with the same competitive pricing what you see in other websites like Expedia, Orbitz. Redeeming for travel is good for domestic use.

No foreign transaction fees and No annual fee.

Robrus1
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Location: Texas

Postby Robrus1 » Tue Apr 09, 2013 4:37 pm

DavidNY wrote:Consider Priceline Visa with 2% cash back and no AF (3% FTF), or BofA Travel Rewards which has 1.5% cash back on travel with no AF or FTF.


+1 on these suggestions, too.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

Dman316
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Location: Pittsburgh, PA

Postby Dman316 » Thu Apr 18, 2013 12:13 pm

I'd go for the Freedon or the Discover IT
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $7.5K
Discover IT: $5.5K
Huntington Voice World Mastercard: $1.6K

In the garden indefinitely.



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