Which major card to choose?

Anonymous · ‎02-12-2011

My score by Fico is 720 for now.

I have Mastercard from my local bank, the only one I've had for years.

Credit cards are bombing me with "preselected" offers, like GM, City, BoA, Amex and others.

Should I go now for Visa or Amex as I already have a MC?

Thanks.

DI · ‎02-12-2011

@Anonymous wrote:
My score by Fico is 720 for now.
I have Mastercard from my local bank, the only one I've had for years.
Credit cards are bombing me with "preselected" offers, like GM, City, BoA, Amex and others.
Should I go now for Visa or Amex as I already have a MC?
Thanks.

Go for the Discover More card followed by an AMEX no annual fee card. Good luck!

Wolf3 · ‎02-12-2011

For best FICO, score 3 cards is considered minimum. I would add one now and one in 6 months. Take your time and pick one you like.

Anonymous · ‎02-12-2011

Thank you, guys.

I knew I needed more than one card for a better score but was postponing opening a new one as was contemplating purchasing a new car. Now that my older car runs and runs, will apply for one, think will start from Amex.

DI · ‎02-12-2011

@Anonymous wrote:
Thank you, guys.
I knew I needed more than one card for a better score but was postponing opening a new one as was contemplating purchasing a new car. Now that my older car runs and runs, will apply for one, think will start from Amex.

The Discover More card has a nice feature like a debit card. If ever you're at a grocery store or other participating stores, and you need some cash, you can use the cashover feature to get cash. It's treated like a purchase, so the APR would be the same as the purchase rate. That's a card I strongly would encourage anyone with good credit to consider.

Anonymous · ‎02-12-2011

Thanks DI, I will look at that.