At 23 I don't know if I'm late/early to the credit card game, but have recently decided that I should open an account. Curious to know what perks/features I should look for in my first credit card. I travel internationally once a year, but I don't think this is enough to warrant a card with millage features. I also am not a huge spender. Right now, I've been considering the Amazon Prime credit card since it has cash back features and no annual fee, but am a little weirded out that it won't be with a bank? Is that okay lol? When I'm around with co-workers (little older than me) looks like Chase credit cards are really popular at least in the bay area. What are your thoughts? What credit card would you recommend? Talk to me finance gods! Also, I currently bank with Bank of America should I just get a credit card with them?
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- Facebook public2You are super late. When I was your age I already has 30+ years of history (really). Get a free card, keep the utilization low, pay it off fully every month and call every 6 months to request a credit line increase. Worry about perks later.
- Uber credit card is pretty perk heavy without an annual fee, but Barclays is horrid with customer service so YMMV. Just got the CSR myself after doing a bunch of research on this
Edit: If you're starting at ground zero with credit history then I'd start with a beginner card. I started with Capital One Journey and that allowed me to venture into the two cards above within 2 years of building credit.
- New ktFx33I recommend citi double cash. 2% flat on everything no need to do math or carry 5 cards. I can send you a referral dm me your email
- Facebook fooodyWhat’s your credit score? Most of the above recommendations won’t work out if you don’t already have a good credit score unless you have a loan that you pay every month.
- Agreed and if you dont know your credit score go to credit wise or credit karma to find out for free. If your score is below 660 get a Capital One platinum to build your credit.
If it's above 660 I would look for a card with no foreign exchange fees, but other than that everyone else's advice is good
- Discover IT is really good to start. It has 5% cash back on rotating categories and 1% everything else. On your first year you get CB doubled so 10% rotating and 2%
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- Capital One harashoThis question can’t be answered without knowing an estimate of your credit score, but assuming you don’t have a history get the Discover It Card, you’ll most likely get approved, they have good cash back options, and they have a good app. When you learn more about different credit cards and have increased your score you can look into Chase Sapphire/Uber Barclays.
- Tata Consultancy Services asdfzxcmoreOpen secure credit card first and then open discover, chase freedom. Once you got know how to use and increased credit score, you can go for annual fee cards. Don’t open too many cards at a time. Also don’t open store credit cards just for one time 10-20% savings if you are not frequently going to that store.