Capital One Venture card, if you can qualify. Pay it in full, each month.
Which credit card would you get? Need help
- Thread starter dereknel015
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Black Card, Visa. Everyone should have one.
Why's it gotta be black man?
Getting that in the mail(today hopefully).
First card was through Wells Fargo. convenient and the rewards I got from points I used to pay the CC statement.
Black man? Don't say that around my wife!
Besides the card only works at...no I won't mention the eatery because it would be funny to most but may hurt others.
I know, I know - typical SVTP - everyone on here has an 820 and made money off their rewards last year vs. the interest and fees they paid.
When I first started using credit cards, I used it only for gas. Maybe groceries also. But that way you don't start overspending. Now, I spend everything on credit and still pay it off every month because of rewards I get, there is no reason to use a debit card. Just have to be careful of watching what you spend.
Makes sense, thanks for the advice guys. Are discovers taken at most places? I was looking into that but my mom said she wouldn't get it just because not everywhere takes it. I will look into the cards you say. I was looking at the American Express blue cash preferred card(I think that's what it's called) and it looked pretty good. I just hope I can qualify for these cards. Right now it will mostly be used on gas and groceries(I don't spend money on many other things) so I am trying to figure out which one is best for that. I'll look into the venture card. I mainly want a good cash back/reward card and am not too worried about airline cards.
Chase Sapphire Preferred. Great point system that transfers to other programs as well.
Also I don't have any credit, will that limit which cards I can get?
Well I guess I'm not everyone. I've never bought something that I didn't have money to pay off right away. I've never carried a balance over from one month to another and never paid any interest on any cards. I just switched from using a debit card to a cc to build credit and also get 1% rewards which isn't much but better than nothing. The only thing I pay interest on is a car loan which I also use to build credit.
One of the biggest factors in determining your FICO score is credit utilization.
How much of your credit balance are you using up every month?
If you charge $850.00 on your card and pay it off every month you are still using 85% of a $1,000.00 credit limit. That will not be scored well at all.
But if you charge the same $850.00 on a card with a $10,000.00 limit that is only an 8.5% utilization and look much better to your FICO.
So it is actually better (up to a point) to have multiple cards with a combined higher limit. Especially since that higher limit will (hopefully) go unutilized.
How much of your credit balance are you using up every month?
If you charge $850.00 on your card and pay it off every month you are still using 85% of a $1,000.00 credit limit. That will not be scored well at all.
But if you charge the same $850.00 on a card with a $10,000.00 limit that is only an 8.5% utilization and look much better to your FICO.
So it is actually better (up to a point) to have multiple cards with a combined higher limit. Especially since that higher limit will (hopefully) go unutilized.
Ok, I will try to increase my credit limit asap. Dont most CC's start out with $500 ish?
i had shit credit when I was 21. Now im 26 I have a 750 score. Depending on your current score you should try and get the Chase Freedom. 5 percent cash back on gas, starbucks, movie theaters, restaurants, lowes, amazon.com. They generally approve people in the 650-700 range. When you get your card don't go all crazy with it and you will be fine.
Join free credit monitoring sites like creditkarma and check that thing. Getting in control of your finances is a step towards a better life.
Join free credit monitoring sites like creditkarma and check that thing. Getting in control of your finances is a step towards a better life.
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This^^
The only real way to ever have money is to not have debt. I have excellent credit, but zero credit card debt. You don't have to have a card to have good credit.
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Have had a Blue card from American Express for over 10 years - good rate and rewards are stellar, plus terrific customer service. With that said, we also have a Disney card issued through Capital One b/c my wife is a Disney junkie and we use it for vacations every few years.
I don't agree with floating a balance from month to month, unless it is a deferred interest deal. Pay it off every month and your credit rating will take care of itself, it's a combination of a lot of other factors including your credit card history.
I don't agree with floating a balance from month to month, unless it is a deferred interest deal. Pay it off every month and your credit rating will take care of itself, it's a combination of a lot of other factors including your credit card history.
Agreed on self control.
My wife and I use our CC for what we were using our debit cards for: Gas, groceries, eating out, etc. Anything I put on the card, I have the cash in the bank in the bank to pay for it. Instead of paying cash, I just use the card, get rewards for doing that and then pay it off at the end of the month. Last Friday my dog had surgery and it cost $650 and I was excited to put it on the card for more points:banana:
Edit: We have the Wells Fargo Visa Platinum if that matters
I got a student discover card maybe 6 months ago started with 500 and now have 750$. Its easy to get and no fees just make sure u pay it off every month
do you have decent rewards for the discover student card? Do you find most places take it?
same this is my favorite card
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