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Best next card?

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New Contributor

Best next card?

Hi all,

One of my friends has come to me and asked which credit card he should get to be his second (and I can post this).

 

He has 2 years of history on a single credit card with a $1200 limit, recently raised to $3000.

I though of a few options:

- Costco Anywhere Visa by Citi

- BofA Travel Rewards

- Capital One Savor One

- Amex Blue Cash EveryDay

 

He wants to be best set for a future home purchase.  Scores between 740-750.

 

Any suggestions for him?

 

His FICO scores are between 740-750.  Recommendations?

Message 1 of 11
10 REPLIES 10
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Community Leader
Senior Contributor

Re: Best next card?

Those are all good choices, and they should all be obtainable with his history. He's likely to be in good shape for most cards as long as the minimum credit limit isn't out of reach at this point. When does he want to buy a house?

Message 2 of 11
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New Contributor

Re: Best next card?

3-4 years from now.

Message 3 of 11
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Super Contributor

Re: Best next card?

How can anyone possibly recommend a CC to someone when they have no idea what that person spends their money on?

Message 4 of 11
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Frequent Contributor

Re: Best next card?

What is the card he currently has? Is he interested in cash back or points for travel?


Message 5 of 11
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New Contributor

Re: Best next card?

I don't know exactly but from US Bank.

Also doesn't know if interested in travel or cash back.

Message 6 of 11
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Frequent Contributor

Re: Best next card?

Then I'd recommend a simple 2% card like the Citi DC for general spend.


Message 7 of 11
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Super Contributor

Re: Best next card?


@jimmy2000 wrote:

Hi all,

One of my friends has come to me and asked which credit card he should get to be his second (and I can post this).

 

He has 2 years of history on a single credit card with a $1200 limit, recently raised to $3000.

I though of a few options:

- Costco Anywhere Visa by Citi

- BofA Travel Rewards

- Capital One Savor One

- Amex Blue Cash EveryDay

 

He wants to be best set for a future home purchase.  Scores between 740-750.

 

Any suggestions for him?

 

His FICO scores are between 740-750.  Recommendations?


I would need to know

-what kind of card he presently has

-what he would be looking for in a card

-what he would want to use the card for in terms of spend

 

Maybe he doesn't want to use the card at all, just wants to have a second card for building his credit file. In that case I would go to a nice credit union, and get a platinum, low interest, non-rewards, no-balance-transfer-fee, no-cash-advance-fee, card. Having a relationship with a credit union will be helpful because they usually have the best mortgage rates.


Total revolving limits 648500 (572500 reporting) FICO 8 EQ 728 TU 755 EX 732

Message 8 of 11
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Community Leader
Mega Contributor

Re: Best next card?

This question will always get a million different answers. No one credit card serves everybody's needs. As implied above, find out what friend spends on or what they are looking for in a cc. I could easily say Credit One Nascar Visa as its the fastest charging card on the marketSmiley Wink
Message 9 of 11
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Valued Contributor

Re: Best next card?

Although I agree there are just too many variables to recommend a card specifically for your friend, I can vouch for the cards I do have, which I like very much. Discover is certainly a great card to start with, and with such a thin file, they’ll likely start him with a decently high starting limit. Citi Costco is also great for gas, travel, & restaurants but obviously you need to be a member. And then of course there’s PayPal 2% cash back, which turns out is the one I use the most because it covers everything the other cards don’t and is accepted everywhere.




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