Looking for my third CC

[Anonymous]

I've been reading to get the most out of your points, it's recommended to have three cards. I currently have a Cap1($300) that's about two months old, DCU offered me their visa($2000) which I will likely accept, so I'm looking for my third cc. Nothing in particular but would be a plus if it's a cash back or travel points with no annual fee. My Fico 8 is EQ 689 TU 692 EX 742. Any recommendations for a great starter card with high approval ratings that I should look into?

[HeavenOhio]

If you have FICO scores, you must have accounts that are older than your credit cards. How old is your oldest account?

With the information at hand, I'd wait until the DCU reports as its $2,000 limit will likely work to your advantage. In addition to that, waiting three to six months will likely open up more options.

Keeping that in mind, I'd take a look at Discover. Avoid Chase until your Capital One card is at least a year old.

[Anonymous]

I am currently new at this stuff, but from all the posts that I have looked through a lot of people recommend Discover. I also see a lot of people recommend NavyFed, but unless you're qualified to join I don't think you can get one. The Citi DCB is pretty great imo. 

[Anonymous]

Oldest account is a little over 11 years. EQ/TU AAoA is 5 yrs 8 months, EX AAoA is 6 years 10 months. I have not applied for new credit since '05/'08 until my Cap1.

[Anonymous]

Hey Jesse,
I'm new with the CC as well. Before applying for my Cap1, I read about Discovery IT but went with Cap1 due to the high approval ratings

[Anonymous]

Howdy!! I think it will honestly depend on what type of rewards you’re looking for. You will no doubt get more cards after this, so let’s pick a rewards structure you want. Some of the ones that come to mind that have no AF and are highly recommend cards could be:

Citi Double Cash - 1% cash back on on all purchases and 1% back after you pay (total of 2% back on cash). Works best if paid in full every month.

AMEX EveryDay or Blue Cash EveryDay - Both have a Welcome Offer of either 10K Membership Rewards Points or $150 back after a minimum spend of about $1K in the first 3 months. With Membership Reward Points you can use them for travel through the AMEX portal (they have good partners).

Capital One Venture One - This Card will get points that can be used for airlines, hotels or to remove a charge from you bill.

Capital One Quicksilver - You get 1.5% cash back on all purchases. No rotating catagories. You could be enrolled in the STEP program where you will automatically get credit line increases every 6 months.

All of these have no AF. There are more but, I am a little bias to AMEX and Capital One.

Good luck with your decisions. Let us know what you decide! ☺️

[Anonymous]

.... also, with the Capital One options, when you current card reaches a year, try to product change to either of those. If you have a good history and a decent limit, they will bump you over.

[Anonymous]

Share your opinion with AMEX and Capital One.

I'd love to have a BCE or an everyday card but reading reviews, they're very picky who they qualify.

[SouthJamaica]

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wrote:
I've been reading to get the most out of your points, it's recommended to have three cards. I currently have a Cap1($300) that's about two months old, DCU offered me their visa($2000) which I will likely accept, so I'm looking for my third cc. Nothing in particular but would be a plus if it's a cash back or travel points with no annual fee. My Fico 8 is EQ 689 TU 692 EX 742. Any recommendations for a great starter card with high approval ratings that I should look into?

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Personally I would advise you to wait a little. That will help your scores much more than adding a new card so soon.

The DCU is a great acquisition; you are already in the quality ranks.

You should let your 2 cards age for 6 months before thinking of applying for a third.

[Anonymous]

My advice would be to go ahead and get a 3rd card and let them age together, however I would wait until DCU reports, it may help with a better credit limit.