Credit Card Forum
  1. #1
    Green Member
    Join Date
    May 2012
    Location
    boston
    Posts
    2

    Default I'm 23 y/o with 742 credit score - Which card should I go for?

    I am a recent college graduate trying to spend money as smart as possible and this seemed like a great place to ask. (I have been doing a lot of reading here lately)

    *23 Years old
    *Currently making $28,000... soon to be $40,000+ (Temp to hire situation)
    *Credit Score of 742+
    *Have had a credit card for 5+ years now, no rewards just built credit (student loans helped too)

    Things I am looking for
    *No/minimal annual fees
    *Cash back (Investments are a plus)
    *I pay my bills on time every time and am not concerned about interest rates, just rewards

    What I came up with
    *Fidelity® Investment Rewards® American Express® Card (To use on all purchases and build my investment portfolio)
    *Chase Freedom® Visa or Citi® Dividend Platinum Select® Visa® Card

    I really like the Fidelity card and believe I am going with it, the question is what to use when I run into a vendor that wont accept AMEX

    Few last quick questions and I would be grateful to hear opinions on
    *Do you think I am able to apply for these cards now or should I wait till I am 40k+
    *Are there better card options out there
    *Should I apply to more when I begin applying assuring I end up with at least 2
    *Would moving balances between cards compound my rewards?

    Thanks in advance.

    Brian
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    Which credit card did or do you have/had? Was it a student card? Name of card and bank or store name?
    I see you're interested in cash back cards.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Green Member
    Join Date
    May 2012
    Location
    boston
    Posts
    2

    Default

    Which credit card did or do you have/had? Pretty standard Capital One Visa card, I got it when I was 18 so it is certainly time for an upgrade.

    Was it a student card? Nope, but my student loans sure contributed well to my credit score. Name of card and bank or store name? Capital One and Citizens Bank, I am going to be researching which bank fits me best once I figure out what CC works best for me in the long run.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member
    Join Date
    Dec 2011
    Location
    Texas
    Posts
    140

    Default

    Which bureau is your 742+ score on? Is that score a real Fico score? Do you have just one credit card? What is your credit limit?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    I would say since you are looking for cash back card the chase Freedom, the Citibank dividend would be appropriate for you.

    you get a 5% cash back rotating on popular categories like groceries, movies, gas stations, department stores, fashion and restaurants. categories that are not in the 5% for that quarter get 1% back. but you have to sign up and ask about the cap.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.