Who should I get credit card from?

Rangerscott · 02-07-2011, 10:21 PM

It's time for me to get my first CC. I would use it for gas and online purchasing. I keep hearing it's easier to cancel a transaction or get your money back with a CC.

I know I can go directly with the major CC companies (visa, MC, capital one, etc) and through my bank or any bank. Just wondering which would be best.

I can do a Visa/MasterCard through my bank. Here's the info. Although the APR for the points card is higher I do like the points idea. Who does cashback and is it worth it?

Preferred Points Card

2.90% intro APR first six months
15.24% APR after that

Low rate card

2.90% APR first six months
10.24% after.

Then there's Capitol One and Chase. So many to choose from. My debt/cc cards have always been either Visa or Mastercard and they're accepted EVERY I've seen and been so I'd like to stick with them.

Last time I checked my credit score (summer) it was around 750 I believe. I think I have it written down somewhere.

101lifts2 · 02-07-2011, 10:38 PM

Quote:

Originally Posted by Rangerscott

It's time for me to get my first CC. ....... My debt/cc cards have always been either Visa or Mastercard and they're accepted EVERY I've seen and been so I'd like to stick with them. ....

We have a fuck up on isle2 that needs to be cleaned.

Ur not making sense here. First CC or fifth CC?

OneSickPsycho · 02-07-2011, 10:38 PM

Depends on how you want to use it. I have three cards, one was my first decent card with an ok rewards system - my water bill goes on there every month, just to keep it alive. The other two - one with a really low rate and ok rewards... The other with higher APR and an awesome rewards system. The low rate card is for emergencies and big purchases - like when I needed a new A/C for the house. I have the cable, cell phone, and e-pass on this card keeping it going in the mean time. The other card is for everyday purchases... I use it constantly and generate nearly $500 cash back per year.

All three of my cards are VISA's.

There are also benefits to certain cards - extended warranties, emergency roadside service, etc

Oh, I forgot... All the cards are paid off every month, unless there's an emergency or other big expense.

Rangerscott · 02-07-2011, 10:40 PM

Quote:

Originally Posted by 101lifts2

We have a fuck up on isle2 that needs to be cleaned.

Ur not making sense here. First CC or fifth CC?

A true debt card is when you have to enter a pin. Now days your debt card is still debt but it acts like a CC. That's why it'll have Visa or something on it.

It'll be tied to my paypal account so it'll be used often for internet purchases or when I manually enter in my CC info. I would use it as a gas card and it would be nice as emergency money when out of town. I just need one for now. The main reason is for paypal and being able to get my money back if something happens.

OneSickPsycho · 02-07-2011, 10:52 PM

Btw - my everyday card is with chase and my low apr card is with bank of america. Chase rewards were just better - tons of bonus points and neat redeeming options for cash back. BoA has ok rewards and all the bells and whistles - extended warranties and all that.

The only beef I have with chase is that it takes a couple of days for online banking to update and show my transactions. BoA on the other hand, updates in minutes.

101lifts2 · 02-07-2011, 10:52 PM

Quote:

Originally Posted by Rangerscott

A true debt card is when you have to enter a pin. Now days your debt card is still debt but it acts like a CC. That's why it'll have Visa or something on it.

It'll be tied to my paypal account so it'll be used often for internet purchases or when I manually enter in my CC info. I would use it as a gas card and it would be nice as emergency money when out of town. I just need one for now. The main reason is for paypal and being able to get my money back if something happens.

Yeah I understand the difference, but I was trying to figure out what you wanted.

Listen...a debit card is a debit card because it is tied directly to a checking or savings account. Visa or Mastercard logo is irrelevant as it is still a debit card. Whether the transaction is taken as a charge or a debit is not relevant.

Now a credit card is a line of credit, money which you do not have. Do you have or have you had any other loans? If you never have any other credit cards or car/student loans, you aren't going to get a CC all that easy. Most likely they will want a deposit unless you get a co-signer. Credit history is much more important for obtaining a cc. Checking or savings account never even show up on credit reports.

Porkchop · 02-07-2011, 10:57 PM

Quote:

Originally Posted by 101lifts2

Now a credit card is a line of credit, money which you do not have. Do you have or have you had any other loans? If you never have any other credit cards or car/student loans, you aren't going to get a CC all that easy. Most likely they will want a deposit unless you get a co-signer. Credit history is much more important for obtaining a cc. Checking or savings account never even show up on credit reports.

Not anymore man. I think Obeezy passed something that they cannot decline you for a credit card anymore based on credit rating. Now... you may have a very low credit limit to start out. And a deposit on a CC???

DON'T EVER GO THROUGH CAPITAL ONE. Just eliminate that from any considerations right now. Shady shady company.

Discover Card. /End of thread

Rangerscott · 02-07-2011, 11:05 PM

Quote:

Originally Posted by 101lifts2

Yeah I understand the difference, but I was trying to figure out what you wanted.

Listen...a debit card is a debit card because it is tied directly to a checking or savings account. Visa or Mastercard logo is irrelevant as it is still a debit card. Whether the transaction is taken as a charge or a debit is not relevant.

Now a credit card is a line of credit, money which you do not have. Do you have or have you had any other loans? If you never have any other credit cards or car/student loans, you aren't going to get a CC all that easy. Most likely they will want a deposit unless you get a co-signer. Credit history is much more important for obtaining a cc. Checking or savings account never even show up on credit reports.

Already know all of that. Yes I have a good credit history.

Krabill · 02-07-2011, 11:05 PM

Quote:

Originally Posted by Porkchop

DON'T EVER GO THROUGH CAPITAL ONE. Just eliminate that from any considerations right now. Shady shady company.

I have two credit cards. A Capital One and an AT&T card. I haven't had any problems with Capital One. I used to have a really good rate on it, but it went up about a year ago. I don't put anything on it anymore, but I still have it open. Hasn't caused me any headaches. The rate on my AT&T card goes up and down. It's not too bad right now and I had to put a couple medical bills on there and my netflix runs through it. No real problems with it either, except for the rate that jumps around.

lauralynne · 02-07-2011, 11:12 PM

whoever told you you NEED a cc is full of shit. My bank will cover any fraudulent charges on my debit card. I haven't had a credit card in over 12 years now. I don't NEED one. Haven't needed one in that period of time. Won't ever get one again. My debit card with MC logo is all I ever need.

02-07-2011, 10:21 PM	#1
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	Who should I get credit card from? It's time for me to get my first CC. I would use it for gas and online purchasing. I keep hearing it's easier to cancel a transaction or get your money back with a CC. I know I can go directly with the major CC companies (visa, MC, capital one, etc) and through my bank or any bank. Just wondering which would be best. I can do a Visa/MasterCard through my bank. Here's the info. Although the APR for the points card is higher I do like the points idea. Who does cashback and is it worth it? Preferred Points Card 2.90% intro APR first six months 15.24% APR after that Low rate card 2.90% APR first six months 10.24% after. Then there's Capitol One and Chase. So many to choose from. My debt/cc cards have always been either Visa or Mastercard and they're accepted EVERY I've seen and been so I'd like to stick with them. Last time I checked my credit score (summer) it was around 750 I believe. I think I have it written down somewhere.

02-07-2011, 10:38 PM	#3
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	Depends on how you want to use it. I have three cards, one was my first decent card with an ok rewards system - my water bill goes on there every month, just to keep it alive. The other two - one with a really low rate and ok rewards... The other with higher APR and an awesome rewards system. The low rate card is for emergencies and big purchases - like when I needed a new A/C for the house. I have the cable, cell phone, and e-pass on this card keeping it going in the mean time. The other card is for everyday purchases... I use it constantly and generate nearly $500 cash back per year. All three of my cards are VISA's. There are also benefits to certain cards - extended warranties, emergency roadside service, etc Oh, I forgot... All the cards are paid off every month, unless there's an emergency or other big expense. Last edited by OneSickPsycho; 02-07-2011 at 10:44 PM..

02-07-2011, 11:12 PM	#10
lauralynne 667:Neighbor of the Beast Join Date: Mar 2008 Location: Everett WA Moto: VTR1000, SV650, FZR400, CRF150 Posts: 1,403	whoever told you you NEED a cc is full of shit. My bank will cover any fraudulent charges on my debit card. I haven't had a credit card in over 12 years now. I don't NEED one. Haven't needed one in that period of time. Won't ever get one again. My debit card with MC logo is all I ever need. __________________ WMRRA's slowest Expert! triathalete, mom, racer, rider, friend, sister, wife - all in one tidy package! Married my best friend 8/30/09

02-07-2011, 10:52 PM	#5
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	Btw - my everyday card is with chase and my low apr card is with bank of america. Chase rewards were just better - tons of bonus points and neat redeeming options for cash back. BoA has ok rewards and all the bells and whistles - extended warranties and all that. The only beef I have with chase is that it takes a couple of days for online banking to update and show my transactions. BoA on the other hand, updates in minutes.