First post - 22 yrs old - lots of questions

[Anonymous]

Going to make a decision this week. No rush. Just want the best bang for the inquiry lol

[Anonymous]

As several other people have said, it really sounds like the Sallie Mae will benefit you the most. If you're between that and the Citi Double Cash, you could always apply for both. However, Citi has been known to give low limits on the Double Cash card due to their low profit margin, especially for those of us with limited history/lower scores. Anyway, I just got the Sallie Mae and I love it, 5% on gas, grocery, and amazon are great! Good luck with your decision!

[Anonymous]

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@Anonymous wrote:

As several other people have said, it really sounds like the Sallie Mae will benefit you the most. If you're between that and the Citi Double Cash, you could always apply for both. However, Citi has been known to give low limits on the Double Cash card due to their low profit margin, especially for those of us with limited history/lower scores. Anyway, I just got the Sallie Mae and I love it, 5% on gas, grocery, and amazon are great! Good luck with your decision!

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Please stop spreading undocumented theories as facts.  Citi has been known to give low limits on the Double Cash card.  We don't really know why, but some speculate that it's because of a low profit margin.

What is your monthly spend?  Personally, I would apply for two cards in your position

1. The Sallie Mae Mastercard.  As others have already pointed out, hands down the best gas/groceries card for limited spending.

2. Depending on how much you plan on spending this year on non-gas/grocery expenses, either the Cap. One QS card or the Citi Double Cash card.  The reason I can compare the Cap One to the Citi Card is the signup bonus.  It would take $20000 in spend to break even with the $100 signup bonus of the Quicksilver card.  If you plan on spending less than that in one year, go with the Quicksilver card.  Get the bonus and use it for a year, then after you've gotten your mortgage apply for the Double Cash card or the Fidelity Amex.

Hope this  helps.

[Anonymous]

Yea. I read that about double rewards ;( I'm going to look tomm at my employee card. It has a set 5.24% rate and rewards. I might also get sallymae

[kdm31091]

I second Quicksilver instead of Double Cash. likely a better limit. Also the bonus will make the break even point 20 grand like someone said.

Sallie is a nice card but you are looking to apply for one thing only, so a general purpose card makes more sense IMO especially with the low caps on Sallie.

[Anonymous]

Hey OP, I skipped the pages of posts so I won't directly answer your questions since they're probably all answered already but just wanted to let you know I'm 22 too dude. If you ever have any concerns just HMU. 

[Creditaddict]

Citi double cash May issue lower starting limits but a HUGE percentage of people that actually ask for a cli after they open account and setup online access and send for manual review get what they ask because they chickeb out and won't ask for more or get a great counter.
I personally have helped several people go from under $5k to $15-25k depending what they were willing to ask for.
Yes it's another hp but cap1 is 3 HP's so a citi costing you 2 is a bonus and future possible sp's way easier and more likely than with cap1.
Citi hands down to me!!!

[jimbo79]

Your on track! Heyarrnold is on point.

[Anonymous]

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@Anonymous wrote:

Hey guys. First post here. Multiple questions if y'all can help me out

Seems like a great group here!

A little bit about me. 

Im 22 and just graduated with my BS in Criminal Justice and my Minor in Sociology. 

I just moved back home and am working as a Personal Banker for a bank. My DTI is about 12%. 

Im very new and still in training. 

I got in a lot of trouble with my Walmart store card. Racked it up and said I would never do it again. It and my USAA student card with a limit of $2500 get paid off every month. 

The only bill I have is my lease which I will never do again. Lol

1) how accurate is the free fico with Walmart? It says I'm at 732. When they pulled my credit in Sept for the car it was 750.

2) what is a credit spree and why would I apply for 5 cards in 24 hours? Do these show as separate hard inquires?

3) I have 7 hard inquires on my report. They fall off in July. Should I wait til then to apply for a rewards card? My student loans start in July as well.

4) chase card or citi double cash rewards for me? I want something I pay off every month for gas and groceries to get points. 

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Welcome to the jungle...er, I mean myfico! Good luck in the future. I would answer your questions, but it would be redundant to do so. Good luck!

[Anonymous]

The struggle. This is like asking what is the best sports car. Too many answers. Guess I gotta decide for myself lol

ill let y'all know what I decide. 

Sally Mae or quicksilver or employee card or BOA. Decisions decisions