In the market for a new card. What's the best fit?

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4 posts
weskid
 
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Joined: Sun Jun 02, 2013 7:47 pm
Location: USA

In the market for a new card. What's the best fit?

Postby weskid » Sun Jun 02, 2013 7:55 pm

Hi all,

I'm 21 years old and just graduated from college. I'm moving to Los Angeles for work in a couple of months, and I'm looking for a new credit card to help me on the road to financial independence from my parents.


Salary: 12k from temporary job, additional support from parents until I secure a permanent position

Credit score(s): 728 (CreditKarma report); 688 (Credit Sesame report); 712 (Quizzle report)

I have been hesitant to do a hard pull if I'm going to be applying for any cards in the near future, but I guess the above numbers put me in the 700 ballpark range.

Cards/Limits:

- Bank of America BankAmericard Visa (open since 2010, $1,000 limit)
- Citi Forward Student card (open since 2009, $800 limit)

I have no late payments/delinquencies in my history, and I carry a small balance on each card (<20% utilization).

I'm interested in some kind of rewards or cash card. I buy a lot from Amazon (Citi Forward points come in handy there), and I expect to be purchasing tons of gas when I'm in Los Angeles. But flexibility with rewards would be optimal, since I can't know my exact habits until I'm all set up.

Thanks!


MemberSince99
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Location: WI

Postby MemberSince99 » Mon Jun 03, 2013 8:43 pm

Chas Amazon Visa might be possible. Chase Freedom has a 5% 4th quarter this year coming up on Amazon and offers rotating categories. Discover IT also has rotating categories and is a good choice and sometimes around Christmas offers free next day shipping on Amazon purchases.

nishant
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Location: Chicago

Postby nishant » Mon Jun 03, 2013 8:45 pm

You are better off by visiting a branch to discuss options with the representative rather than applying online.

I remember, my first card was Chase Freedom where the representative on my behalf advocated their credit department to give me the card.

If you use a credit union, that also will work

im_mr_awesome
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Joined: Fri Apr 12, 2013 4:47 pm
Location: Indianapolis, IN

Postby im_mr_awesome » Mon Jun 03, 2013 9:05 pm

Since you already have a relationship with BofA and Citi, why not try for a better rewards card from them? If you want a different lender for whatever reason, I support going for Chase. They have an annoying habit of hard pulling for credit limit increases, but they're a good bank. I have an Amazon Rewards Visa through them, as well as my normal bank accounts.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680



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