topic Re: What should my next credit card be? in Credit Cards

What should my next credit card be?

Drew — Tue, 04 Feb 2014 15:30:21 GMT

Hi All -

Alright, so. I'm undecided about what my next credit card should be. I'd like to apply for one in about three months time, which is when my last round of applications hit the one year mark. I currently have the cards list below in my signature (Sapphire, Freedom, BCE, QuickSilver and GECRB ON). I'm not bias towards a specific type of reward credit card, but more interested in the card's prestige and best bang for one's buck.

My credit score is around 750-765 and AAoA is approximately 2 years. I look forward to your suggestions.

Re: What should my next credit card be?

chwebb1 — Wed, 05 Feb 2014 00:12:12 GMT

What are you interested in? Cash back, travel rewards, points? Do you have any baddies?

Re: What should my next credit card be?

Anonymous — Wed, 05 Feb 2014 00:22:45 GMT

Discover IT?

Re: What should my next credit card be?

efranklin23 — Wed, 05 Feb 2014 00:25:09 GMT

@chwebb1 wrote:
What are you interested in? Cash back, travel rewards, points? Do you have any baddies?

+1. We need more info as in why you need another card and its purpose.

Also, to note, if you can't think of good reason to have another credit car, that may be a sign you don't need another CC.

Re: What should my next credit card be?

cottontop — Wed, 05 Feb 2014 00:31:10 GMT

What is your oldest account? I would assume with that score, there are no recent baddies, but are there any baddies at all on the report?

My short list suggestions, IF & only IF your file is clean, would be Barclay Arrival (good 2pt card & TU pull); PenFed (one for prestige & EQ pull, not to mention future car loans, ploc, mortgage ect); a Discover (EQ pull probably, this one for access to Shop Discover Portal). That should be three solid additions, one pull each bureau. Discover probably a shoe in for you, Barclay's has recon if not instant, PenFed probably the most difficult.

Re: What should my next credit card be?

Drew — Wed, 05 Feb 2014 15:31:33 GMT

Thanks all. Basically, my oldest open account is 3.5 years, but closed is 5 years. I have no baddies and I'm looking for something with a good reward system for cash or travel rewards.

Re: What should my next credit card be?

Themanwhocan — Wed, 05 Feb 2014 19:02:17 GMT

@Drew wrote:
Thanks all. Basically, my oldest open account is 3.5 years, but closed is 5 years. I have no baddies and I'm looking for something with a good reward system for cash or travel rewards.

Sallie Mae rewards mastercard for 5% Gas Stations, 5% Grocery Stores and 5% book Stores (like Amazon.com). salliemae.com (just dont get the Upromise card by mistake)

US Bank Cash+ for Two 5% selectable categories and one 2% category.

Fidelity American Express card, for 2% on everything.

Re: What should my next credit card be?

Drew — Sun, 09 Feb 2014 15:42:23 GMT

@Themanwhocan wrote:
@Drew wrote:
Thanks all. Basically, my oldest open account is 3.5 years, but closed is 5 years. I have no baddies and I'm looking for something with a good reward system for cash or travel rewards.
Sallie Mae rewards mastercard for 5% Gas Stations, 5% Grocery Stores and 5% book Stores (like Amazon.com). salliemae.com (just dont get the Upromise card by mistake)

US Bank Cash+ for Two 5% selectable categories and one 2% category.

Fidelity American Express card, for 2% on everything.

Because this is more geared towards students, it seems like Sallie Mae starts with lower CL's. What do you think?

Re: What should my next credit card be?

Themanwhocan — Sun, 09 Feb 2014 22:33:27 GMT

@Drew wrote:
@Themanwhocan wrote:
@Drew wrote:
Thanks all. Basically, my oldest open account is 3.5 years, but closed is 5 years. I have no baddies and I'm looking for something with a good reward system for cash or travel rewards.
Sallie Mae rewards mastercard for 5% Gas Stations, 5% Grocery Stores and 5% book Stores (like Amazon.com). salliemae.com (just dont get the Upromise card by mistake)

US Bank Cash+ for Two 5% selectable categories and one 2% category.

Fidelity American Express card, for 2% on everything.
Because this is more geared towards students, it seems like Sallie Mae starts with lower CL's. What do you think?

Not necessarily. Its from Barclays, so if you don't have a thick file and have obtained a lot of recent credit cards, it will start with a low limit (but auto cli's if you use the card).

Re: What should my next credit card be?

Anonymous — Sun, 09 Feb 2014 23:33:57 GMT

Just FYI I got a Barclay's Arrival with baddies on my record. They are all 5 years past but I had many 30, 60 and 90 and I think even 120 days late from 2008/2009. So I believe they will approve you with distant baddies. Credit score was 709 when I applied based on their scoring system. Did not qualify for the MasterCard World though but I got the AF version and the 40,000 bonus already :-)

Re: What should my next credit card be?

indiolatino61 — Mon, 10 Feb 2014 03:55:18 GMT

@Drew wrote:
Hi All -

Alright, so. I'm undecided about what my next credit card should be. I'd like to apply for one in about three months time, which is when my last round of applications hit the one year mark. I currently have the cards list below in my signature (Sapphire, Freedom, BCE, QuickSilver and GECRB ON). I'm not bias towards a specific type of reward credit card, but more interested in the card's prestige and best bang for one's buck.

My credit score is around 750-765 and AAoA is approximately 2 years. I look forward to your suggestions.

Well, you've got lots of room...your portfolio is not representing BOA, Citi or Discover, so whichever one of these has the best benefits for your spending pattern would be a good addition. The best of luck to you.

Re: What should my next credit card be?

emptypockets — Mon, 10 Feb 2014 14:15:46 GMT

I would recommend either Bank of America Better Balance Rewards ot Travel Rewards; Barclays Arrival, or Fidelity AMEX

Re: What should my next credit card be?

Drew — Mon, 10 Feb 2014 15:02:40 GMT

All very good suggestions, but are there other cards out there that aren't proficiently advertised?

Re: What should my next credit card be?

emptypockets — Mon, 10 Feb 2014 15:27:53 GMT

@Drew wrote:
All very good suggestions, but are there other cards out there that aren't proficiently advertised?

For low interest rates:

https://www.simmonsfirst.com/personal_banking/credit_cards.aspx

and

http://www.iberiabank.com/personal/credit-cards

Both are considered VERY hard to get, and offer the lowest of interest (7.25-7.5%)

Re: What should my next credit card be?

efranklin23 — Mon, 10 Feb 2014 16:41:55 GMT

If you can get approved, go after the PenFed 5% cards.