What is the card he currently has? Is he interested in cash back or points for travel?
Then I'd recommend a simple 2% card like the Citi DC for general spend.
@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.
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 market
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.
