CC Recommendation?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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InCreditWeTrust
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CC Recommendation?

Postby InCreditWeTrust » Tue Jan 20, 2015 11:37 am

Hello,

I'm debating whether I should get a new credit card and would it benefit me to get another one since I plan on purchasing my first home this Fall or Winter. I currently have a Citi Simplicity, Barclay Financing, and a Wells Fargo credit card. I recently cancelled my Capital One college card.

I currently have good credit score. I am looking at the Citi Double Cash card, Chase Freedom, and Discover it. I would appreciate your recommendations.

Thank you


- InCreditWeTrust


babybear9925
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Postby babybear9925 » Tue Jan 20, 2015 4:58 pm

i would recommend the Citi Thank You card if you like dining out and the movies or American Express Everyday Card you earn Rewards every time you use the card

ingramjuan
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Postby ingramjuan » Tue Jan 20, 2015 10:22 pm

For me personally, if I was planning to purchase a new home within 6 to 9 months, I would hold off on apply for any credit. However from what I have found out about the Discover, it would benefit me more. I have plans to apply for the card sometime this year.
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takeshi
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Postby takeshi » Wed Jan 21, 2015 8:30 am

We'd really need more info. Selecting cards is all about the needs/wants of the individual -- not about just the cards.

Is your goal to maximize rewards? If so, what are you major spend categories and what sort volume are you running through them?

InCreditWeTrust wrote:I'm debating whether I should get a new credit card and would it benefit me to get another one since I plan on purchasing my first home this Fall or Winter.

General advice is no new credit for 6 months to 1 year prior. Discuss with your mortgage lender as it's what they're specifically looking for that matters.

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InCreditWeTrust
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Postby InCreditWeTrust » Thu Jan 22, 2015 12:05 pm

Thanks for the advice I think I may put off getting a new CC since I'm looking to purchase a home later this year.

popamode72
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Postby popamode72 » Thu Jan 22, 2015 1:52 pm

InCreditWeTrust wrote:Thanks for the advice I think I may put off getting a new CC since I'm looking to purchase a home later this year.


Good idea. Focus on getting a card after you've taken care of buying and home and such. Last thing you need right now are inquiries or new accounts when it comes to taking out a mortgage.
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