23 y/o 5 yrs credit history $1200 limit. What to get 2nd card?

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23 y/o 5 yrs credit history $1200 limit. What to get 2nd card?

Postby athensarch » Sun Sep 30, 2012 1:07 pm

Hi all,

Been reading the forums abit. Planning to get my 2nd credit card (technically 3rd, I have a 3 month old Macys card I used once and paid in full). I'm looking for some guidance. Wondering if I have a shot at an AMEX Blue Cash Everyday. I get junk mail saying I'm approved for AMEX Blue Sky all the time, not sure if that means anything though.

My motivation is my current CitiCard doesn't have any cash back rewards. Of my monthly budget I spend: $700/rent, $300 utilities, $400 groceries, $70 on public transit. BCE seems to make sense, as does talk of the US bank

I'm 23 years old. I've had a Citi Platinum Select card since I was 18. Always paid on time, in full. ~80% of the time I use about 20-25% of my limit (set at $1,200).

Recently completed graduate studies. 43k salary. Lots of students loans (60k+). Beginning payments next month. Cosigned with father for the loans (whose credit score is over 800). Does that explain the AMEX mail I get? I thought someone in my situation doesn't get pre-approved for AMEX.

Guidance greatly appreciated :) Thank you!

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Postby lexareece » Sat Oct 06, 2012 11:23 am

I would go with an AMEX just to build history with them. Length of Cardmembership seems to meansa lot to them even if you don't often use the card. The BCE is a fine start, or just the standard Blue. I've always rather had points than cash back, but that is just me. I don't know much about the Blue Sky, but because you got the mail it might not be a bad idea to follow through with that just to ensure approval and then transfer the card to what you want in 6 months or so.
In my Wallet-
[size=60]Bank of America-Platinum Privledges Cash Rewards Visa Signature 12K
American Express- , Starwood Preferred Guest 6K, Hilton Honors 6K, Amex Everyday 10K, Business Gold Rewards
Chase- Freedom Visa Signature-6K, United Millage Plus Explorer Platinum Visa-5K
Barclays- US Airways Dividend Miles Business Master Card 24K[/size]

[size=60]In a Drawer
Bank Of America- Platinum Plus Rewards- 22K, Royal Caribbean Visa Signature 8K
Discover- More Card 8K
Citi- Thank You Mastercard Card 6K, Hilton Honors Visa Signature-10K, American Airlines World Master Card 6.5K
Credit Union Card- 20K- 6.9%APR NO Fees Period(for when I get in trouble[/size]

Money card
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Postby Money card » Sat Oct 06, 2012 7:54 pm

since you have a citibank card, but first do you travel on business? I see you use your card for groceries.
do you shop at stores like the gap, J Crew, American eagle? do you eat out at restaurants ? do you shop at department stores?
do you use a card for gas stations?

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Postby athensarch » Sun Oct 07, 2012 12:32 pm

To answer Money Card,

I do not travel for business. I rarely shop. I do not usually eat out at restaurants. I do not currently own a car, and do not need to buy gas.

The budget I posted included all of my monthly expenses aside from my student loan payments ($900/mo), a 10% contingency, and savings (whatever is left over to build an emergency fund).


Thank you for the advice.

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Postby t528491 » Mon Oct 08, 2012 5:27 pm

Go for the Blue Cash Everyday. If you're getting pre-approved offers for the Blue Sky, then I don't see why they wouldn't approve you for the BCE. They do have a pre-approval site here that might help. Do note that it's not completely accurate, as I was not pre-approved for the Zync but was approved after I applied.
02/12 Authorized user on Chase Freedom ($5000)
08/12 Discover It ($1500)
08/12 American Express Zync (NPSL)
12/12 NFL Visa ($500)[/size]

[size=60]Future cards:
Citi Forward for Students 6/13
American Express Blue Cash Everyday 1/14
Sallie Mae World Mastercard 2014
Chase Freedom 2014
Penfed Platinum Rewards Card 2015[/size]

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Postby athensarch » Sat Oct 13, 2012 9:51 am

Thanks everyone! I got approved for BCE and am expecting to receive my card in a week or so.

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Postby Dues » Sat Oct 13, 2012 3:23 pm

amex blue was the second card I got - wasn't terribly hard for approval - from what you've said i'd say you should get it so long as your last few years of card history doesn't show late payments

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Postby lexrj » Sat Oct 13, 2012 11:43 pm

I'm 99% sure you will get approved! I applied online for the BCP last yr and got 1k CL right away. I had less than 1yr of total credit history cus I recently immigrated to the US. Only had a cap.one credit card ($750.00 CL w 6 months of credit history). I'll tell you more, I asked to increase the credit line to 2k 3 months later and got it! Gonna keep trying to increase every 3 months.
PS: i didnt have any negatives on my credit history and I made sure my cap.one was showing as paid off.
Current in my Wallet
Amex BCP - 25K (02/12)
Barclaycard Arrival WMC - 15K (10/13)

US Bank Cash +

Socks drawer
Crap One Quicksilver - 1.7K (04/11)
CSP - 15K (03/13)

FICO EX 772 / TU 765 / EQ 762 - (09/14)
AAoA 2.1

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Postby jdauria » Thu Dec 13, 2012 8:02 am

I am 23 as well (will be 24 next month), and have only 1 credit card as well. Credit union card with $1.5k credit limit, and the only reason I got it was probably because I work there. I've been searching for my next card as well for a couple months and finally went with Citi Forward (for restaurant points) and Chase Freedom (for 5% rotating categories). I was immediately approved for Citi Forward with $6k CL, and still waiting on Chase Freedom to see if I am approved.

I really wanted to get an Amex card to start building my creditworthiness. They would send me those "hooks" in the mail, i would fill it out, only to be denied. I called Amex, and they wouldn't approve me due to limited credit history (obviously) :\. So, ill just have to wait on Amex for the time being. I was really hoping to get that Blue Everyday Preferred for 6% on gas.
[font=Times New Roman][size=80]American Express Green[color=green] [NPSL][/color]
American Express Blue Cash Preferred
Chase Freedom

American Express Premier Rewards Gold[/size][/font]

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Postby MaxPunishment » Fri Dec 14, 2012 11:54 pm

Get a Chase card if you can that has Ultimate Rewards (Chase Freedom or Chase Sapphire). If you travel or dine often, go with the Sapphire but otherwise go for the Freedom for the revolving 5% categories and 1% on everything else (because if you don't use the Chase Sapphire for dining or travel, you're essentially getting 1% for everything anyways). Now that you've gotten the BCE, wait a few weeks and give Chase a try. Long term it's the best bank to have a relationship with given their customer service and great rewards options

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