So im 21 and live at home still (please hold the criticism) and i work full time (about 21k per year) and full time student. i currently have the student platinum from BofA for the past 3 years. i recently applied for the bank americard cash rewards card and got denied. it said "the amount of credit extened to you is adequate and you do not have sufficient established revolving credit accounts." Beside the credit card i only have a car loan on my credit account. about 2k left. so did i get denaied because i dont have enough credit accounts open? all of my accounts are in perfect condition with no late payments so i dont know why they denied me. i mean, how do they expect people to build credit when they dont give the opportunity?
anyway, i want to get another card for just gas and groceries and other everyday purchases. i have a zero balance on my current card and plan on keeping a zero balance on the new card. i want to apply for a card that i know ill have a good chance at getting because i dont want to keep applying to cards and hurting my credit score.
which card do you reccomend? one card i had in mind was the blue cash everyday from american exress? or the blue cash preferred but that has a $75 annual fee. not sure if the rewards would out weigh the fee? one last one was the chase freedom but not sure if my credit is good enough for that?
my spending habbits arent very expensive so take that into account. usually about $160 a month on gas. maybe $100 on groceries and about $100 on other stuff.
so thanks for all your help and suggestions.
Have you checked Chase's website for pre-approvals?
Discover IT may be another one to consider, July-September you'll get 5% back on gas. It is a lot like the freedom card, you could check their website as well. Of course pre-approved isn't a sure thing but it is better than nothing.
if you are low spender and you spend mostly on gas and groceries then i think sallie mae is a no brainer. also has amazon 5%
I recently got a bunch of offers in the mail which is why I started thinking about it. Chase freedom is one although it doesn't say pre qualified on it.