Help selecting first card

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
18 posts
samhradh
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Postby samhradh » Wed Mar 05, 2014 5:23 am

I think it's a good idea for OP to begin establishing credit history. If the trip is an excuse to do so, all the better. Personally, as a traveller, I would hate to bring cash and risk losing it.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).


linuxmachine
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Postby linuxmachine » Wed Mar 05, 2014 1:51 pm

samhradh wrote:I think it's a good idea for OP to begin establishing credit history. If the trip is an excuse to do so, all the better. Personally, as a traveller, I would hate to bring cash and risk losing it.


This...
Plus it doesn't hurt to have a backup plan. If you don't use the card, that's fine. But it's pretty handy if you're in a bind. It's free too, so why not? :)

thom02099
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Postby thom02099 » Wed Mar 05, 2014 2:46 pm

samhradh wrote:I think it's a good idea for OP to begin establishing credit history. If the trip is an excuse to do so, all the better. Personally, as a traveller, I would hate to bring cash and risk losing it.


Definitely wouldn't want to depend on cash, have it go missing and be left high and dry!

Agree with the others about Discover IT, but if you've got excellent credit, why limit yourself to just one card? Why not at least one other card, a Visa or MasterCard, or an AMEX?
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

ceemee
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Postby ceemee » Wed Mar 05, 2014 11:35 pm

Merril+ Visa Signature

The MERRILL+® Visa Signature® credit card provides the flexibility to pay over time or in full each month. Exceptional coverage includes:

  • Flexible Rewards Program with rich redemptions in travel, gift cards, cash, and more
  • 24/7 Concierge Service and Merrill Lynch Trip Advisor
  • No Foreign Transaction Fee1 and Smart Chip Technology
  • Trip Cancellation, Interruption, and Delay Insurance and Medical Evacuation Reimbursement2
  • Zero Liability Fraud Protection and Purchase Security2
  • Endless Rewards + No Annual Fee1

MemberSince99
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Postby MemberSince99 » Thu Mar 06, 2014 6:35 am




A "first" card should be a signature card? With Visa that usually requires a 5k limit. Good luck with that. Might as well suggest that they become the CEO of the company right out of college. If daddy is running the company, could happen, otherwise, probably not.

TambourineMan
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Postby TambourineMan » Mon Mar 17, 2014 6:00 pm

ceemee wrote:Just FYI,

My brother now lives in Japan (has for the past 3 years) and he says that most people do not use credit cards there. Usually only the rich. Most of the transactions are in cash so you might not want to bother, if you're sole purpose for this card is to travel to Japan.

He recently visited (a couple weeks ago) and he even purchased his plane ticket with cash.


Yes, Japan is a cash economy. To be fair, I did say that I had been advised that it would be wise to bring a credit card for emergency/backup use, but to be clear, I do not plan on relying on it for day-to-day. I am planning on bringing travelers checks, and cashing them at the airport on arrival (again, per advice from a seasoned visitor, who is and will be acting as my guide).

You are quite right about the convenience stores, as well. They are much more versatile, and far more commonly used for all sorts of transactions.

On another note, it turns out my credit isn't quite as great as I thought, but I'll be posting more on that in the "General Talk" forum. I'll link it once it's up, in case you're interested.

Again, thank you very much for the feedback. It has been most helpful!

TambourineMan
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Postby TambourineMan » Tue Mar 18, 2014 7:47 pm

Linked as promised!

TambourineMan
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Postby TambourineMan » Mon Mar 24, 2014 6:18 pm

Alright! I applied for the Discover IT card and just heard that I was approved. Not quite for the terms I wanted, but then that wasn't my main concern. Thanks for the help! It is most appreciated!



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