Need advice

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Need advice

Postby Dylanb » Thu Dec 20, 2012 4:36 am

Hi all, this is my first post, I have been reading the forum for a while.

I need advice. I'm turning 18 shortly and I am desperate for advice. I need guidance for which credit card I should apply for. I make around 45 grand a year as a technology consultant. I am an authorized user on a few cards and I don't know how that effects my chances of getting approved but any help would be amazing.

Thanks in advance!

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Postby MaxPunishment » Thu Dec 27, 2012 2:22 pm

Give us a bit more info on what items you typically buy and what kinds of rewards you're looking for (ie do you value a cash reward or points that can be used for travel). I can't say enough about Chase so I highly recommend the Chase Sapphire/Chase Sapphire Preferred if you can get it as that's a great card that covers all the bases.

Money card
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Postby Money card » Thu Dec 27, 2012 9:47 pm

I would say how about your local bank where you have a checking account do they offer any credit cards? a lower level bank
like Td bank, key bank. remember your 18 years old and make 45,000 a year. your not Derek Jeter or Tom Brady
no reason to apply for a chase sapphire, capital1 venture, citibank thank you card or any of American expresses higher level cards
like the green, the gold , the platinum, centurion.

rember your credit file in empty am I correct? if so you don't want to apply for a chase freedom. you want a card from your bank with whoever you have a checking account with. this is a good place to start.

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Postby Robrus1 » Fri Dec 28, 2012 4:20 pm

Your local bank/credit union is a good place to start if you have no credit. Bank of America has a good secured starter card, and I hear Capital One has some good starter cards too. If you have no credit whatsoever these are the places I would start. I would also check your credit reports from Equifax, Trans Union, and Experian to see what your scores look like and make sure there aren't any errors negatively affecting your score before you apply for anything.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

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Postby FutureBillionaire » Fri Dec 28, 2012 5:59 pm

I recommend a credit union for sure. If you can, a citi forward card is good for someone your age that probably eats out and consumes alot of music and movies.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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