25 years old, are there any better cards for me out there?

For just about anything you want to get off your chest about credit cards.
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wiivile
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Postby wiivile » Tue Nov 12, 2013 11:25 am

sez wrote:
I am not completely opposed to paying an annual fee if it isn't so exorbitant and the rewards are nice (this is what steered me away from the Chase Sapphire).

Thanks everyone


Why did this steer you away from the Sapphire? The $95 isn't exorbitant (look at some AMEX annual fees... $125-$450) and it has the best travel rewards in the industry.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL


MemberSince99
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Postby MemberSince99 » Tue Nov 12, 2013 4:44 pm

wiivile wrote:Why did this steer you away from the Sapphire? The $95 isn't exorbitant (look at some AMEX annual fees... $125-$450) and it has the best travel rewards in the industry.


Agreed, IF your spend will enable you to get full use of the card. If it's just to have a metal card because they are cool, then it's a matter of it being worth the 95 bucks to get comments about the card (I've gotten some but I honestly don't care about impressing anyone with my credit cards anymore so I prefer they don't even notice).

By the way a bit off topic, but the CSP has gotten comments on what a heavy card it is (and it is heavier than the usual plastic) but never gotten single remark on my Amex cards.

sez
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Postby sez » Tue Nov 12, 2013 5:28 pm

I have also read that comparing the Cap One and the Sapphire, in the long term the Cap One wins out. That is why I got that one.

Membersince99, you were suggesting to not be carrying say a $200 balance on my Freedom and Slate and therefore I should pay it off entirely and do the above to avoid such problems correct?

MemberSince99
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Postby MemberSince99 » Tue Nov 12, 2013 7:50 pm

I would suggest carrying no balance at all.. I would suggest paying all the cards BEFORE the day they report EXCEPT one on which you leave 1-5% of the limit to report, THEN as soon as it reports and your statement cuts pay so that you are reporting a small balance on one card which gets you the highest score AND prevents you from paying any interest. This of course assumes you have all cards which won't charge you interest for doing this, which is most of them.

sez
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Postby sez » Tue Nov 12, 2013 10:11 pm

MemberSince99 wrote:I would suggest carrying no balance at all.. I would suggest paying all the cards BEFORE the day they report EXCEPT one on which you leave 1-5% of the limit to report, THEN as soon as it reports and your statement cuts pay so that you are reporting a small balance on one card which gets you the highest score AND prevents you from paying any interest. This of course assumes you have all cards which won't charge you interest for doing this, which is most of them.


Thanks. And how can I find out the day they report?

MemberSince99
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Postby MemberSince99 » Wed Nov 13, 2013 6:39 am

sez wrote:Thanks. And how can I find out the day they report?


If they don't have it in your online account information just call and ask them.



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