Hey guys, reposting because last post was a bit messy. I’m a new grad that graduated with 0 student loans. I’m 22 years old with 2 1/2 years of credit history, never missed a payment with a credit line of $5,000. My score is a 755. I have been using the “Discover - It Chrome” card for the past 2 1/2 years because it was the only one that I could get approved for at the time. It’s 2% cashback at gas stations and restaurants up to $1,000 in combined purchases and 1% cashback on all other purchases. I have my checkings account with Chase so I was biased towards them initially. I only really need 1 credit card for daily purchases food/gas/groceries and I don’t travel much. So I had a couple questions: 1. Am I in good shape credit wise? Because I really have no idea. 3. What card should I upgrade to? I was thinking along the lines of Chase Freedom Unlimited, Citi Double Cash, and Amazon Prime. Thanks so much! TC 200k, YOE 1 (Not at HP)
BofA cash rewards for gas and online shopping. Amex cash everyday for grocery. Capital One Savor for restaurants.
> What card should I upgrade to? Analyze the top categories of your expenses and consider if you value perks (e.g., lounge access at the airports). Get a card based on these factors. Btw, there are good websites, which analyze credit cards. Also, don't get more than 1 new card at a time.
Why only 1 card at a time?
@111qej Opening a credit card usually involves a hard inquiry that stays on your credit history for 2 years. Having more than 2 hard inquires at any given time will negatively impact your credit score.
I have the Discover It which also has zero FX fees if you use it in other countries. I also have Fidelity which gives 2% on everything and the Amazon card for 5% on Amazon and some elsewhere. I think it is good to have multiple credit cards. Pay bills on time. Never close your oldest card.
I personally like the Amazon Prime credit card. However, it's only going to benefit you if you order on Amazon a lot. Could also try for the Target card, if you shop at Target a lot. Capital One QuickSilver (the cash back one) is nice too because it gives you cash back on everything, no matter what you buy.
Capital one savor is a no brainer if you eat out and do entertainment a lot (4% back).
Chase sapphire if you eat out a lot and travel Amex platinum for travel 5x points on that
It really just depends on your kinds of purchases and whether you travel a lot on the best card for you. That being said that credit seems average to slightly above average (at least in my friend circles). 800 is when you stop getting benefits from higher credit.