Credit Card Forum
  1. #1
    Green Member
    Join Date
    Nov 2012
    Location
    USA
    Posts
    2

    Default Credit building and structuring after moving to the US

    Hey everyone, this is a great forum!

    Just need some guidance from you fine folks. I recently moved from north of the border down here...it's been 6 months. I really want to establish a good credit here and I have plans to purchase a car in the future (just driving company car now).

    Anyways, when I moved here I opened a checking account with BofA and they were also able to get me a student card with 1k limit. Since then I have been using that card (keeping it at around 30% utilization) and paying it off every month. Last week I also applied for the Capital One new comers rewards card and was approved for another 1k. So I'm going to start using this one too from now on.

    I would just like to know all your ideas on what future cards I can look forward for and when to apply..etc. I would obviously like to have more limit, when can I just ditch the student one and apply for a new one? Or should I try to increase the limit on the student?

    I'd like to eventually get the Amex or Chase cards, but I'd figure my score would be still a bit low for that..I don't know. What's everyone's opinion? I'd love to hear everyone's opinion! Thanks!!
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  2. #2
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    well right now I see that your driving a company car. do you travel on business? if not there's no reason to discuss any airline cards
    but if you want a list of some very nice cards I will make a list for you.
    American Express green a very nice card lot's of sales people who travel on business has this card.
    both golds
    the platinum
    you mentioned chase for low interest there's the slate
    for rewards the Chase Sapphire and chase Freedom
    capital1 they have a cash back card
    I'm wondering what the No Hassle card is or was the same commercial that showed what is face saying no all the time
    the venture card which is a rewards card for people who travel blue level or for people who want a card that a sales person would have this would be the gold level
    Discover very basic and simple the Escape which is a travel card that has a 60.00 annual fee, the miles which also gets 2 points per dollar
    this one has no fee, the More which is a rewards card has the rotating categories like the chase Freedom 5% cash back
    the Motiva is another low interest card from what I was told they offer no rewards
    the citibank dividend which is a cash back card like the Freedom, the More they rotate the 5% in certain categories every 3 months.
    the thank you is a travel card like the sapphire and venture card.

    which card is best for you depends on what you use your cards for, example do you like to shop at Malls, out to eat, gas groceries
    what do you use your cards for if you do travel then we can discuss airlines and hotels.

    I would say if your no longer a student you no longer need a student card. I would say now is a good time to apply for a card that is appropriate for you.
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  3. #3
    Centurion Member
    Join Date
    Oct 2012
    Location
    Texas
    Posts
    713

    Default

    I'd wait until you have a solid year of credit, and no late payments. Since you just got a new card I wouldn't apply for anything else for at least another 6 months. After that, it just depends on what sort of card would be most rewarding to you, how much you spend per month, and whether or not you want an annual fee card or not. After you have a year of good history, you should apply for 1 card that you want. Don't cancel the student card or the Cap1 until you've obtained the card(s) you want, or until your credit score looks really good.
    Amex Platinum
    Amex BCP 15K
    Amex SPG 5K
    Capital One Venture Visa Sig 7.5K
    Chase Sapphire Preferred Visa Sig 23.5K
    Credit Union Visa Platinum 10K
    Discover IT 5.75K
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  4. Banned
    Join Date
    Nov 2012
    Location
    canada
    Posts
    4

    Default

    I think if you have your American Express green then don't worry. American Express green a very awesome card, many of sales reps who travel on business has this cards.
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  5. #5
    Green Member
    Join Date
    Nov 2012
    Location
    USA
    Posts
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    Default

    Thanks for the advice guys.

    I think I will hold out for another 6 months then. I recently tried to apply for the Amazon credit card but got declined...( I make lots of Amazon purchases). The reason was my credit history was still too young.

    Can't wait to build more credit so I can get the better cards
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