[Update] Months After Trying to Perfect My Credit

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CCGuy88
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Location: Houston, Texas

[Update] Months After Trying to Perfect My Credit

Postby CCGuy88 » Wed Apr 30, 2014 7:32 pm

Hi everyone. Last year, I was pretty screwed. I had attempted to clean up my credit, and it seem like I was fighting a losing battle. However, I removed the things off my credit that I was not even responsible for, and waited 6 months (Nov/Dec) to go ahead and try to get my first credit card.

I got approved for the freedom with a 1.9k limit, and have paid it prompt every month. I typically have charged around $200-$569 (under 30% ratio) every month, and paid it off in full since January.

So 4 months of paying on time, I am getting alot of more offers in the mail from other creditors (amex, captial one, etc), and I am wondering should I go for a low-interest credit card to further build my credit, or any advice of what made next move should be?

Here are my goals:

- Get a home
(*This goal is probably When I have reached a financial level) Get a Amex Centurion (hey I'm determined lol), Chase Palladium, or a Amex Platinum ($450 annual fee, heard this one is a better option these days.

I'm since I may want a Amex card down the line, should I go and apply for one of theirs to establish history (maybe like one of their cashback cards), or go with a Chase Sapphire (not the preferred cause of the $95)?

Thanks advance to any insight good replies!


takeshi
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Postby takeshi » Thu May 01, 2014 9:13 am

CCGuy88 wrote:I'm since I may want a Amex card down the line, should I go and apply for one of theirs to establish history (maybe like one of their cashback cards), or go with a Chase Sapphire (not the preferred cause of the $95)?

Your call depending on what suits you best. I'd suggest getting your MSD established with AmEx as soon as you can.

Don't look at just the AF and consider total cost/benefit. UR points are generally worth more if you can transfer them and that's not possible with the standard Sapphire.

CCGuy88 wrote:So 4 months of paying on time, I am getting alot of more offers in the mail from other creditors (amex, captial one, etc), and I am wondering should I go for a low-interest credit card to further build my credit, or any advice of what made next move should be?

You can build your credit with a low interest card or a card that doesn't specialize in offering the lowest interest rate. I'd suggest looking into card that are suited to your spend. Do you have no interest at all in rewards?



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