Hello everyone. Looking for my first credit card and would like some advice. Here are some details to help
- 25 years old
- Credit score: 639
- Percent of on time payments: 100%
- Average Age of Open Credit Lines: 5 Yrs 6 Mos
- No hard inquiries, no derogatory marks.
- Only outstanding loans are student loans
Having said this, what would be the best card for me? I spend most of my money on food/restaurants and gas/electronics.
I was considering Amex Blue Cash & the Chase Freedom card. I am certainly open to suggestions.
You should check your reports for errors. Your score is very low to have no defogs or later. If it is in fact a 639, I would work on improving it if you're looking to go with any prime lender for a rewards card, like he said near 700 or above. The other reason you may want to work on your score is so that your cards credit limit won't be nominal. Capital One doesn't historically have a good reputation for its customer service or limits.
The chase freedom or discover more what seem to be fitting for your spending habits, they only thing is you only get rotating rewards not a solid percentage.