What should be my second card?

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twes
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What should be my second card?

Postby twes » Fri Jan 03, 2014 9:05 pm

I have had a card with Capital One for the past two years (Visa Platinum/Journey $1,250 credit limit) and am trying to decide on what I would like for a second card. I have an annual income of $25,000. My credit score was 721 as of a few months ago.

Some of my only preferences for a card is no annual fee and a form of rewards.

What should I apply for as my second card? Thank you ahead of time!
Capital One Visa Platinum 1.25K
Discover It (Recently approved)


daniel2304
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Postby daniel2304 » Fri Jan 03, 2014 9:22 pm

Discover It seems a trend now :D . $150 sign up bonus
Also Chase Freedom with $200 sign up bonus
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

Ikarus
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Postby Ikarus » Fri Jan 03, 2014 10:05 pm

The two cards Daniel mention are good. I would add AMEX Blue Cash Everyday to the list for a card with a higher credit line.

Are you a student? Student versions of Discover IT and Citi Forward/Dividend also exist.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

mathman314
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Postby mathman314 » Fri Jan 03, 2014 11:05 pm

If you're looking for no AF and cash back then I would choose either one of the two cards that daniel suggested:
The Discover IT offers 5% cash back on rotating catagories and 1% on all other purchases. Evidently, there's a sign up bonus (which I did not know about (anyone care to shed some light?)) + FREE FICO score on every statement + one accompanying the card.
And as for the Chase Freedom, basically the same rewards and also a sign up bonus
Cards:
1FBUSA: 5.75k
Discover IT (for students): 4.6k
Chase Freedom (signature): 5k
Target REDcard: 1.5k
AmEx BlueCash Everyday: 5.5k

FICOs:
TU - 785 (December 2015)

daniel2304
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Postby daniel2304 » Sat Jan 04, 2014 10:44 am

Discover It has 2 versions of sign up bonus now:
1/ 14 months (or 18 months) of introductory zero interest on purchases or balance transfer
OR
2/ $150 cash back if you spend $750 in the first 3 months (no introductory zero interest in this one, meaning you should pay in full each month from the start.

Both links can be found in this forum under cash back tab/ zero percent offer tab on the top of this forum, or in the review of Discover It in Discover forum.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

twes
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Location: Iowa

Postby twes » Sat Jan 04, 2014 4:39 pm

Thanks for the replies everyone!
I am a student, but I may just apply for the regular version of the Discover It due to the sign up bonus.
Any other suggestions?
Capital One Visa Platinum 1.25K
Discover It (Recently approved)

MemberSince99
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Postby MemberSince99 » Sat Jan 04, 2014 4:49 pm

Walmart Discover card, backed by GE. It's far more likely to grow quickly than the IT card will. Though some people get a terrific starting limit with fairly mediocre scores, Discover is known for being stingy on limits.


If you want one that is more likely to grow, that would be one to look at.

samhradh
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Postby samhradh » Sat Jan 04, 2014 10:09 pm

I'm surprised no one has asked the basic questions: What are your biggest monthly expenses? Do you want to earn cash back or start accruing points?

Groceries and gas? > AmEx BCE
General use/point accrual > Citi Forward for students
Internet shopping, gas, eating out? > Chase Freedom ($200 bonus no longer available FYI) or Discover it
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).



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