Recommendations for a new card for a recent grad?

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Recommendations for a new card for a recent grad?

Postby Atreides » Tue Sep 09, 2014 12:07 pm

Hello all, first time posting here but I've been lurking around for a bit.

A little background:
I'm a recent college grad, employed full-time. I had a credit card co-signed by my parents all through school, and after graduating wanted to generate some sort of reward so applied (and was approved) for one on my own. It's been great, but I travel a lot for work (domestically) and the limit is just too low for my spending right now. I'd like to add another card to give me access to more credit and allow me to generate some more rewards.

Current Cards:
Bank of America Platinum Plus (student card) - 1k limit, zero rewards
-Member since 2010
Discover It (told me that since I was 21 at the time, I had to apply for the student card) - 2.5k limit
-Member since 6/14

I don't quite understand since I think they're both TransUnion, but CK reports 756 and Discover reports 778.

I don't know that I'm at the point in my life that I'd benefit much from travel rewards. I've been looking at possibly applying for a card with a higher general cashback to use for the everything not under Discover's current category. My only somewhat unusual spending habit is that for a small business I run on the side I do a fair amount ($1-2k) of buying on ebay each month. Even the base %1 from Discover has already generated a small return on that. Otherwise it's the usual day to day spending on groceries and eating out, I hope to be able to take public transit soon so I won't be buying gas often.

Your advice is appreciated!

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Postby CarefulBuilder14 » Tue Sep 09, 2014 7:44 pm

CK and Discover both get their information from TU, yes, but CK's score is based on a different algorithm. Use CK to track changes in your credit report, but it's the Discover score that lenders care about.

For public transit and dining, I would look at an Arrival or a CSP.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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