Post # 16
I’ll definitely look into the Amazon card I shop there a lot! As far as travel rewards I’m leaning towards the capital one venture card.
I’ve never had a credit card because I do have student loans and I paid off my undergrad loans already so that helped build my credit. And my parents got in massive credit card debit and ended up declaring bankruptcy (there were other extenuating circumstances) but it just turned me off from credit cards. But I think its time we get one now for the reasons mentioned in my OP
Post # 17
I love my Amazon card for the 5% at Amazon and 2% back on gas and restaurants.
For most things, though, I use a Citi double cash card. 2% cash back on literally everything, which works better for me than having to keep up with what category is “on” each month. It’s a MasterCard if that matters.
Post # 18
Darling Husband and I have a few cards (Wells Fargo, Bank of America, Chase) but our Chase Freedom is our favorite.
Will be honest, Bank of America has been a bit of a nightmare for us a few times (some difficulties while we were traveling that took forever for them to sort out, etc) but Chase has always been amazing any time we’ve needed anything.
We put most purchases on our Freedom and then pay it in full every month. Our rewards add up pretty quickly. We ended up with $1000 in points to use towards our wedding in April, and now we have another $300 in points that we plan to use for Christmas shopping.
Just make sure to check out the interest rates on any Capital One cards you’re considering. Typically you can see what the rate range will be prior to applying. One thing I noticed from my time in banking was that Capital One seemed to have higher interest rates on credit/loan products than some competitors, but obviously it will be different from person to person.
Post # 19
For those that have the Amazon Chase card, just to clarify it can be used anywhere a Chase card can be used correct? I’m really leaning towards that card after looking into it because I buy A LOT of amazon, especially during the holiday season.
We’re also considering getting two cards, one for rewards (amazon card most likely) and one for travel rewards (leaning towards quick silver or capital one venture). If we did that we’d probably end up using them more and then paying off in full at the end of the month to build credit, which is not what I was originally intending but it does just make sense.
Post # 20
Defintely get one, even if just to build your credit.
I have the Chase Freedom Unlimited card and it’s fantastic.
They give an introductory rate of 0% for the first 18 months (at least thats how long it was when i got it about 3 years ago) and then it goes up to 10-25% based on your credit. But, I always pay it off, so interest rates mean nothing to me.
You’ll get 1.5% back on EVERY single purchase. I put our whole wedding on it, just becuase I could and earned about $500+ in cash back.
Post # 21
We have 3 that we use for different purposes (in each case to maximize our cash back): Amex Blue Cash Preferred, Citi Double Cash, and Amazon.
If you’re only going with one and don’t want an Amex, I’d go with the Citi Double Cash. It’s simple — 2% cash back on everything.
Post # 22
buzzerbeater : yep. I use it everywhere.
I also have chase sapphire and alaska airlines cards.
I’ve never paid interest on any credit card–we always pay it off the moment we get a statement (or before the statement even, to keep our usage under 5%). I just like the points!
Post # 23
buzzerbeater : My husband and I both have a Chase Freedom Unlimited and Citi Simplicity cards, and he has a Capital One card (not sure which one). The Chase Unlimited by far has the best points rewards of the three we have experiences.
We put pretty much everything we can on our Chase card (and ALWAYS pay it off every month) so that we can reap the rewards instead of just using a debit card or ACH transaction. We get lots of cash bach every year that we normally just apply directly to our balance. This card has 1% back on everything, and every quarter has categories that earn 5% back. this quarters are wholesale clubs (yay for Sams trips!), Department stores and Chase Pay (which we never use but may look into it). It also has no annual fee, which is nice.
Post # 24
Thank you everyone you’ve been very helpful!
More questions..I’m realizing how little I know about credit cards in this process lol..
It seems that a lot of cards only allow for authorized user not joint users. So if I add D H as an authorized user (or vice versa) will the authorized users credit score be built too?
Post # 25
Just coming back to say we decided to each get a card and add the other as an authorized user (which from my understanding will also build the authorized user’s credit score just not as quickly/as much as the primary account holders). I got the amazon prime chase visa because I shop on Amazon A LOT and the shared amazon account is in my name and D H got the capital one venture one that’s geared towards travel rewards. We both have pretty low credit limits but I assume those will be raised as we put money on the cards and make the payments. I think we’ve decided to use them more than just for emergencies and just pay it off monthly to build our credit scores faster. Anyways, thanks everyone for your help as always!
Post # 26
buzzerbeater : upromise cards have rewards that go towards your student loan. My husband had one and it helped him pay it off faster. Now I think he has it switched so the rewards go into our daughter’s 529 plan.
Post # 27
Another good thing about using a cc for all purchases (that you can afford obv) is that your actual money can sit longer in a nice high interest savings account and earn a bit of interest. If used properly credit cards can really help you!
Post # 28
buzzerbeater : Ours is just through our normal bank. We are kinda like you guys and don’t really use it much. When I first got mine I only used it for gas and paid it off as soon as it showed up on my account. Now our plan is to just leave our cards at home and only get them out when we need them. It’s what works for us! I’ve heard travel credit cards can have cool benefits but I haven’t really looked into them because I don’t want to open another card. I think the biggest thing is just don’t spend money you don’t already have (unless there’s an emergency).
Post # 30
lessywilly : Lol okay that was really helpful.
Post # 31
lessywilly : credit cards can be really useful if you can be responsible with them. I agree that many people get into trouble with credit cards, but many people benefit from them. I personally buy everything on a credit card (NEVER a debit card) and it gets me hundreds of dollars in cash back every year for stuff I was going to buy anyways – I pay in full every month and have no fee cards so it costs me nothing for the rewards. Credit cards also make it easy to process returns if you can’t find your receipt and many have additional consumer protection perks/insurances.