Credit Card Center Advertiser Disclosure†
09-24-2013 05:29 PM
The Blue Cash Preferred has $150 cash back after you spend $1000 in the first three months. It has an AF of $75. The grocery store rewards are 6% cash back.
The Blue Cash Everyday has $100 cash back after you spend $1000 in the first three months. It has an AF of $0. The grocery store rewards are 3% cash back.
If you don't buy a lot of groceries the BCE is the card for you, if you buy a lot of groceries the BCP is the card for you.
You should add two cards this year and two cards next year to build a wide and deep base for your credit future. You are still young and having 6 to 8 credit cards will keep your AAoA high when you apply for needed credit throughout your life.
You said you already had the Discover card so I would suggest a Bank of America 1-2-3 Rewards card as an alternative. It is another card with a good rewards program.
09-24-2013 05:48 PM
09-25-2013 06:18 AM
09-25-2013 07:55 PM
I applied for the BCE last night and was instantly approved with a $7000 limit. Not too bad id say. Now I just have to wait for the card!
Congratulations! Way to go! Awesome CL!
American Express is fast in getting the cards out. You might have it by tomorrow, Friday at the latest. After 61 days call for a 3x CLI and I bet you get it.
Go for the Bank of America 1-2-3 Rewards credit card. You need to build your credit foundation for the future. You want it wide and deep so that other credit applications won't knock your scores down later.
You can do it!
09-26-2013 04:29 PM
There are better Cash Back cards available than a BOA 1-2-3.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.