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Need help picking a credit card


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#1 EnvyNeko

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Posted 12 March 2013 - 12:55 AM

So, I'd like to get my first credit card. I'd like to only have one and I'm looking for one with a really good rate and rewards program.

Currently I'm considering the Amazon card since I shop there a lot.

The only problem is that I currently have NO credit. You pull up my name and nothing shows up. So I would like some more information on what cards would work for me. Does anyone have any knowledge on this?
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#2 kodave

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Posted 12 March 2013 - 01:13 AM

Do you have a job? Can you provide consistent proof of employment for a reasonable period of time (i.e. pay stubs)? If so you should be set to get a credit card without having prior credit history.

Find a card with a low or no annual fees. You don't really have to worry about rates as long as you plan to pay off the card in full on a monthly basis.

I know Discover offers cash back on purchases, but not all businesses accept Discover. I don't know about the Amazon card specifically, but I'd assume there are some kind of perks associated to using your card while shopping on Amazon? Some people like to use cards that have airline miles benefits.

If you pay off your card monthly your card will essentially be working for you via the rewards. Plus you'll be building up a good credit history.

If you don't plan on paying off your card monthly, then you should probably just do your own research on rates and what you think you can afford. Not to mention penalty fees, etc.


#3 Confucius

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Posted 12 March 2013 - 01:30 AM

DO NOT pick one because it has a good rate. That will tempt you to charge things you cannot afford. Don't get caught in that trap. Get one with a good intro deal ($100 statement credit after $500 spent or $40 off your first purchase) and good rewards. The amazon card is awesome.

#4 whoknows

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Posted 12 March 2013 - 01:34 AM

Can you get someone to cosign with you?


Having no credit at all will make it hard for you to get one.

I originally began building credit when my dad cosigned with me so I could get a Circuit City credit card and I got a TV with the 12 months no interest promotion and paid it off in two or three months.

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#5 EnvyNeko

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Posted 12 March 2013 - 01:49 AM

I am currently employed and have been at the same place for over a year, pretty close to 2. I can provide paystubs so that's not an issue.

I plan to pay it off every month and only charge it for things I can pay for. I've read up on tips like that so I should be okay. I'm just a little confused on the percentages and which rewards programs are better.

I don't fly often enough that flyer miles would be good for me.

Sadly, I don't have anyone I can cosign with. My mother lives too far away. I'm old enough to get one on my own, just no credit to speak of. I was supposed to get some credit through T-Mobile when I first got my phone but nothing.
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#6 dmaul1114

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Posted 12 March 2013 - 01:59 AM

I have the Amazon card and love it.

Triple points at Amazon, double points on gas, dining and pharmacy and single points everywhere else.

I order from Amazon pretty much at least once a week so I get a lot of points and the credit is great. Especially since it just gets added to your account each month (every 100 points=$1) rather than having to wait to hit 2,500 to get a $25 GC like before.

I use it for pretty much every purchase and pay it off in full each month so the reward points are just free cash.

#7 kodave

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Posted 12 March 2013 - 02:14 AM

I am currently employed and have been at the same place for over a year, pretty close to 2. I can provide paystubs so that's not an issue.

I plan to pay it off every month and only charge it for things I can pay for. I've read up on tips like that so I should be okay. I'm just a little confused on the percentages and which rewards programs are better.

I don't fly often enough that flyer miles would be good for me.

Sadly, I don't have anyone I can cosign with. My mother lives too far away. I'm old enough to get one on my own, just no credit to speak of. I was supposed to get some credit through T-Mobile when I first got my phone but nothing.


If you have consistent employment you should be able to find a company to give you a card without a co-signer.


#8 parKer

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Posted 12 March 2013 - 02:16 AM

Since you plan on paying off your card in full every month, you don't need to pay attention to percentage rates. So, just look for what you want rewards-wise. Do you want cash back, gift cards, airline miles, purchase points, etc. I use mainly AmEx and some Visa. My rewards programs involve cash back, hotel rewards, or airline miles because I travel a lot.

The Amazon card is good. Pretty much everyone takes Visa, no annual fee, points don't expire, and you shop there often, so that's a no-brainer for you.

Be on the lookout for annual fees. Check the card's perks. For example, some AmEx and Chase Signature cards will double a manufacturer's warranty; great for electronics purchases.

Good luck and kudos to you for researching this and not signing up for every credit card so you can get a free t-shirt or mug.


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#9 EnvyNeko

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Posted 12 March 2013 - 02:16 AM

Alright. I'll give the Amazon card a shot. I think that one would work the best for me.
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#10 Confucius

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Posted 12 March 2013 - 02:46 AM

Alright. I'll give the Amazon card a shot. I think that one would work the best for me.


You should be getting like $40 off your purchase. Look for a promo. That's how they got me to bite.

#11 Access_Denied

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Posted 12 March 2013 - 04:52 AM

Be on the lookout for annual fees. Check the card's perks. For example, some AmEx and Chase Signature cards will double a manufacturer's warranty; great for electronics purchases.


AmEx charges an annual fee for some cards and it isn't accepted everywhere, but it is a good card. They bought me a new iPad when it was stolen from my apartment, just because I had bought it on my AmEx card recently.

Edited by Access_Denied, 12 March 2013 - 10:29 PM.


#12 bigpimpin24

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Posted 12 March 2013 - 05:18 AM

I was trying to get one a few months ago but kept getting denied. I am going to try getting one again now that I have been at my job longer. I basically just want one to put things like gas and going out expenses on. I plan to pay it off every month as well.

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#13 parKer

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Posted 12 March 2013 - 07:48 AM

AmEx charges and annual fee and it isn't accepted everywhere, but it is a good card. They bought me a new iPad when it was stolen from my apartment, just because I had bought it on my AmEx card recently.



Wrong.

Although all of my AmEx cards have an annual fee, AmEx's Clear card has no annual fee, yet it still has some of the purchasing perks that the other AmEx cards have, such as the doubling of manufacturers' warranties. AmEx's Blue card also has no annual fee. There are at least 5 AmEx cards without annual fees.

Edited by parKer, 12 March 2013 - 07:59 AM.
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#14 Calipso

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Posted 12 March 2013 - 09:17 PM

AmEx charges and annual fee and it isn't accepted everywhere, but it is a good card. They bought me a new iPad when it was stolen from my apartment, just because I had bought it on my AmEx card recently.


Your ignorance is outstanding. :roll:

Blue Cash Everyday = No annual fee.
Hilton HHonors = No annual fee.

Those are just two of four cards I have from AMEX.

OP go to:
-http://creditcardforum.com/
-myfico forums
-credit boards

Ignore all the terrible advice in this thread.

I'll throw my 2 cents in for a finisher. Chase Freedom. Good starter card and even people like me who have almost $100k in available credit still appreciate it's bonus catagories each quarter.

Alright. I'll give the Amazon card a shot. I think that one would work the best for me.


I have the amazon visa and it's a worthless pile of crap. I'm going to keep it open only because of no annual fee and to extend the age of accounts on my credit reports.

Everyone needs to start somewhere. Getting in with Chase and Citi early helps you further down the line when you want Amex (they require some credit history *clean history* to get in with them). Make sure to make all payments on time. One late payment can hurt your credit something fierce and will cause lenders to avoid you.

Feel free to PM me. I'm a bonus churner and it took years to clean my credit up. I trashed it at 19 years old and it took an incredibly long time to repair it.

My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $10,000/NFCU nRewards: $8,000
Chase Slate: $6,000/Chase Sapphire Preferred: $5,000/Chase Freedom: $2,500/Chase Southwest: $2,000/Chase Air-Tran: $2,000/Chase Amazon: $1,000
American Express Blue Cash Everyday: $8,000/AMEX Hilton HHonors: $3,400/JetBlue American Express: $2,000/AMEX Delta Skymiles Gold: $2,000
Citi Simplicity: $6,800/Citi Forward: $2,400/Citi Diamond Preferred: $2,200
Discover IT: $7,200
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN Federal Credit Union CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $97,500


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#15 fatmanforlife99

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Posted 12 March 2013 - 09:56 PM

Your ignorance is outstanding. :roll:

Blue Cash Everyday = No annual fee.
Hilton HHonors = No annual fee.

Those are just two of four cards I have from AMEX.

OP go to:
-http://creditcardforum.com/
-myfico forums
-credit boards

Ignore all the terrible advice in this thread.

I'll throw my 2 cents in for a finisher. Chase Freedom. Good starter card and even people like me who have almost $100k in available credit still appreciate it's bonus catagories each quarter.



I have the amazon visa and it's a worthless pile of crap. I'm going to keep it open only because of no annual fee and to extend the age of accounts on my credit reports.

Everyone needs to start somewhere. Getting in with Chase and Citi early helps you further down the line when you want Amex (they require some credit history *clean history* to get in with them). Make sure to make all payments on time. One late payment can hurt your credit something fierce and will cause lenders to avoid you.

Feel free to PM me. I'm a bonus churner and it took years to clean my credit up. I trashed it at 19 years old and it took an incredibly long time to repair it.

My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $10,000/NFCU nRewards: $8,000
Chase Slate: $6,000/Chase Sapphire Preferred: $5,000/Chase Freedom: $2,500/Chase Southwest: $2,000/Chase Air-Tran: $2,000/Chase Amazon: $1,000
American Express Blue Cash Everyday: $8,000/AMEX Hilton HHonors: $3,400/JetBlue American Express: $2,000/AMEX Delta Skymiles Gold: $2,000
Citi Simplicity: $6,800/Citi Forward: $2,400/Citi Diamond Preferred: $2,200
Discover IT: $7,200
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN Federal Credit Union CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $97,500


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#16 dmaul1114

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Posted 12 March 2013 - 10:23 PM

Yeah, it's kind of pointless to have a bunch of different rewards card. It's good to have a lot of available credit as that can help your credit rating. But for rewards you want to find one, maybe two, that really fit your spending habits and usages so you maximize the amount of awards you earn, and are earning rewards that are useful to you. i.e. a frequent flyer reward card is a waste on someone that doesn't travel much as most of the point multipliers are earned through travel and free plane tickets aren't as useful as cash back or store credit etc. if someone hates travel. But for someone who travels a ton for work, that may be the best option as they'll rack up points quickly (especially if they can buy their own airfare for work and get reimbursed) and get a lot of free flights for personal travel.

#17 Access_Denied

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Posted 12 March 2013 - 10:28 PM

Your ignorance is outstanding. :roll:


Jesus fucking Christ people, calm down. I accidentally said "Amex charges fees" instead of "Amex charges fees for some cards". It's not that big of a deal. Simply correctly me and saying that there are only fees for select cards would have worked. No need to be a dick about it.

#18 Calipso

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Posted 12 March 2013 - 10:47 PM

Sending a virus now!:spam:


Meh. I pull my reports daily with USAA and the joke that is CreditKarma. Not too worried about identity theft. Now messing with all the porn I have on my D and E drives in my desktop......yea I would be butthurt over that.
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#19 kodave

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Posted 12 March 2013 - 11:21 PM

My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $10,000/NFCU nRewards: $8,000
Chase Slate: $6,000/Chase Sapphire Preferred: $5,000/Chase Freedom: $2,500/Chase Southwest: $2,000/Chase Air-Tran: $2,000/Chase Amazon: $1,000
American Express Blue Cash Everyday: $8,000/AMEX Hilton HHonors: $3,400/JetBlue American Express: $2,000/AMEX Delta Skymiles Gold: $2,000
Citi Simplicity: $6,800/Citi Forward: $2,400/Citi Diamond Preferred: $2,200
Discover IT: $7,200
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN Federal Credit Union CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $97,500


Are you saying those are all cards you have currently open?


#20 Dead of Knight

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Posted 12 March 2013 - 11:49 PM

If you get denied for the Amazon card, try your local bank- the one that you deposit your paychecks into. That is how I got my first card with no credit history. They were willing to give me a $1000 limit and a rewards card with no annual fee because they had my cashflow history on hand.
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#21 burritoman

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Posted 13 March 2013 - 12:02 AM

If you get denied for the Amazon card, try your local bank- the one that you deposit your paychecks into. That is how I got my first card with no credit history. They were willing to give me a $1000 limit and a rewards card with no annual fee because they had my cashflow history on hand.

This.

It's tougher to get a card today than it was about 5 years ago. My local credit union was where I got my first card. In my opinion, the people I've dealt with for the past 10 or so years were always there for me in a credit card or car, soon to be a home.

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#22 Morrigan Lover

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Posted 13 March 2013 - 12:06 AM

You guys realize credit card reward points are one big scam, right?

The credit card companies charge merchants fees to process credit cards. These fees get passed to the consumer as reward points. But in order to pay the processing fees, the merchants have to raise the price charged for their goods.
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#23 nuugatman

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Posted 13 March 2013 - 12:37 AM

You guys realize credit card reward points are one big scam, right?

The credit card companies charge merchants fees to process credit cards. These fees get passed to the consumer as reward points. But in order to pay the processing fees, the merchants have to raise the price charged for their goods.


Merchant fees are a tax deductible cost of doing business just like paying salaries, rent, etc. The merchants are not being forced to accept credit cards. It is up to them to decide whether the extra sales they get from accepting credit cards is worth paying swipe fees. If they do accept cards, these costs are built into the price of goods regardless of whether you use rewards cards or not, so you might as well use them and get rewards for stuff you were going to buy anyway rather than use cash and get nothing.

#24 62t

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Posted 13 March 2013 - 01:04 AM

You guys realize credit card reward points are one big scam, right?

The credit card companies charge merchants fees to process credit cards. These fees get passed to the consumer as reward points. But in order to pay the processing fees, the merchants have to raise the price charged for their goods.


unless they charge a different amount between cash and card, then why pay with cash?

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#25 Confucius

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Posted 13 March 2013 - 02:19 AM

You guys realize credit card reward points are one big scam, right?

The credit card companies charge merchants fees to process credit cards. These fees get passed to the consumer as reward points. But in order to pay the processing fees, the merchants have to raise the price charged for their goods.


uh... you're.... wrong.

It's not like gas stations where you pay a different price cash vs credit.

If I'm gonna spend $100 at a retail store, should I:

1. Pay $100 cash
2. Pay $100 credit and get nothing
3. Pay $100 credit and get $1 back

seems like an easy choice to me.



I have the amazon visa and it's a worthless pile of crap. I'm going to keep it open only because of no annual fee and to extend the age of accounts on my credit reports.


Sorry, what? I can see if you don't shop amazon a lot that it wouldn't be that useful but how is it a "worthless pile of crap"? Talk out of your hat much? Tell me, for someone who does spend a lot at amazon, who else is going to give me more than 3% on amazon purchases?

Edited by confoosious, 13 March 2013 - 03:26 AM.

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#26 Calipso

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Posted 13 March 2013 - 08:07 PM

You guys realize credit card reward points are one big scam, right?

The credit card companies charge merchants fees to process credit cards. These fees get passed to the consumer as reward points. But in order to pay the processing fees, the merchants have to raise the price charged for their goods.


I haven't paid for a flight in 2 years.

Currently I have:
-67,000 Southwest Points
-35,000 Delta Skymiles
-30,000 UR Points (Chase Sapphire Preferred transfers)
-15,000 Jet Blue Points.

Huge scam there eh? What a boob.


Are you saying those are all cards you have currently open?


Yes. 90% of them are pointless, but I make one charge per six months to keep them open. Age of accounts and available credit + utilization are the reasons I havent' closed them. I churn credit card bonuses.

uh... you're.... wrong.

It's not like gas stations where you pay a different price cash vs credit.

If I'm gonna spend $100 at a retail store, should I:

1. Pay $100 cash
2. Pay $100 credit and get nothing
3. Pay $100 credit and get $1 back

seems like an easy choice to me.




Sorry, what? I can see if you don't shop amazon a lot that it wouldn't be that useful but how is it a "worthless pile of crap"? Talk out of your hat much? Tell me, for someone who does spend a lot at amazon, who else is going to give me more than 3% on amazon purchases?


I buy Amazon giftcards at $100 a pop for 5% back with my rewards cards. 3% is pointless. The Amazon Visa is one of the low tier cards that really offers nothing of value. If you have the Blue Cash Preferred from Amex you get 6% back. Buy some amazon gift cards at a grocery store and there you go. Discover had Amazon.com at 5% for Q4 2012.

Thanks for playing.

This.

It's tougher to get a card today than it was about 5 years ago. My local credit union was where I got my first card. In my opinion, the people I've dealt with for the past 10 or so years were always there for me in a credit card or car, soon to be a home.


50% right/50% wrong. If you have crap credit it's tougher. Cards now are still easy as cake to get. My g/f had almost ZERO credit and got approved for Citi Foward (before discontinued it) and AMEX Blue Cash Everyday.

If you don't have anything negative on your credit reports, getting credit or building credit is easy. I always recommend getting in with a local credit union and Citi. Citi is good with giving first timers cards.

Edited by Calipso, 13 March 2013 - 08:17 PM.

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#27 kodave

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Posted 13 March 2013 - 11:09 PM

Yes. 90% of them are pointless, but I make one charge per six months to keep them open. Age of accounts and available credit + utilization are the reasons I havent' closed them. I churn credit card bonuses.


How do you churn credit bonuses if you make one charge per six months on most of them? Making one gigantic purchase on them every 6 months?

Also, I'm surprised no one has flagged you as a liability for having that many cards open all at once. Maybe you got in before they had to start caring about that stuff again?


#28 Confucius

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Posted 13 March 2013 - 11:35 PM

I buy Amazon giftcards at $100 a pop for 5% back with my rewards cards. 3% is pointless. The Amazon Visa is one of the low tier cards that really offers nothing of value. If you have the Blue Cash Preferred from Amex you get 6% back. Buy some amazon gift cards at a grocery store and there you go. Discover had Amazon.com at 5% for Q4 2012.

Thanks for playing.


Ooooh discover had it for a quarter?! WOWOWEEEEEWA!

And your 6% blue cash preferred is a annual fee card that only gives you 6% on the first $6000 of purchases.

To say 3% is "pointless" shows what a smug blowhard you are. The guy is asking about his FIRST credit card. He could do a lot worse than the amazon rewards visa.

We're just trying to help this dude figure out his first card, not playing biggest card penis, okay?

Thanks for playing. :roll:

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#29 bordjon

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Posted 14 March 2013 - 12:07 AM

We use a chase freedom for everything except costco - where we use our costco amex. I like the freedom because they offer discounts on redeeming your points towards certain gift cards. I usually pick up amazon or home depot when they are discounted. they also offer bonus 5% categories which we tend to max out each quarter (max is pretty low forget what it is though.) I've thought about switching back to the amazon card (I had it years ago) since we make so many purchases there.

The comment about the credit union/local bank is also a good one. If no one else will - they will likely get you started with a card. I started out at a credit union an still have a checking account with one and had great experience with them.
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#30 Cage017

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Posted 14 March 2013 - 12:07 AM

Biggest ... card ... penis?

I too was interested in getting a credit card, but it all sounds so confusing. I thought credit unions were good for savings accounts but I never heard anything about having a credit card through them.

Do any of you guys have any experiences with Capital One?
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