Credit Cards: Difference between revisions

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#* Use a referral link for $50 credit
#* Use a referral link for $50 credit
#* Mark your occupation as student to get the student card
#* Mark your occupation as student to get the student card
#* Make sure you list an income that is >=$10,000
#* Make sure you list an income that is >=$10,000.
#* If rejected, apply for the Capital One Platinum
#* If rejected, apply for the secured card or the Capital One Platinum.
# Get the Chase Freedom
#* Use a referral link
#* If rejected, get the PayPal Mastercard. I don't have a referral link for this.
#* Or get the Capital One Quicksilver or Capital One Savor One using a referral.


The Discover It and Capital One Platinum cards are easier to get for people with no prior credit history.
==Alliant Credit Union==
They also have some of the best US customer support.
* [[Alliant Visa Signature]]
If you're uncomfortable listing an income >= $10,000 then you may apply for the Discover It secured instead.
 
Next, you want to get a Chase Freedom card so you can start building a reputation with Chase bank.
Chase auto-rejects customers who have opened 5 or more credit cards within the prior 24 months so it is essential to get the Freedom as one of your first 5 cards.
The best travel cards to get later on will be the Chase Sapphire lineup. These have great perks.
 
Finally, at the end you can get an American Express card. Be sure to get an MR points card which will enable you to take advantage of the frequent Amazon offers.
The list of no annual fee MR cards from best to worst are: Blue Business Plus, Everyday, and finally Blue.
American Express has a convenient preapproval system.
 
If you want a general purpose credit card, you can apply for the PayPal Mastercard issued by Synchrony Bank.
Synchrony Bank is very generous with approvals and with credit limits so you can apply for this at any stage.


==American Express==
==American Express==
Amex cards earn MR points.
Amex cards earn MR points.
MR points can be redeemed for cash at 0.6 cents per point.
MR points can be redeemed for cash at 0.6 cents per point.
Ideally, they should be transferred to airline or hotel partners (e.g. Avios).
Do not apply for Amex cards as your first card.
They will typically reject you.
They're better for late-game since they will give you a card even if you've already opened a lot of cards.


* [[Amex EveryDay]]
* [[Amex EveryDay]] - 2 MR points at supermarkets
** 2 MR points at supermarkets
* [[Amex Blue Business Plus]] - 2 MR points per dollar
* [[Amex Blue Business Plus]]
** 2 MR points per dollar


==Bank of America==
==Bank of America==
* [[Bank of America Cash Rewards Credit Card]]
* [[Bank of America Cash Rewards Credit Card]] - 3% in a fixed category of your choice, 2% at grocery stores and wholesale clubs
** 3% in a fixed category of your choice, 2% at grocery stores and wholesale clubs


==Capital One==
==Capital One==
* [[Capital One Quicksilver]]
* [[Capital One Quicksilver]] - 1.5% Cashback. No foreign transaction fee.
** 1.5% Cashback


==Citi==
==Citi==
* [[Citi Custom Cash]]
* [[Citi Double Cash]]
* [[Citi Double Cash]]
** 2% Cashback


==Chase==
==Chase==
Chase cards earn UR points. 
Chase cards earn UR points which can be redeemed for statement credit at 1 cent per point.<br>
UR points can be redeemed for statement credit at 1 UR point = 1 cent.
With the Sapphire Preferred or Reserve cards, they can be transferred or redeemed for travel for more value.
With the Sapphire Preferred or Reserve cards, they can be transferred or redeemed for travel for more value.


* [[Chase Freedom]]
* [[Chase Freedom]] - 5 UR points at rotating categories
** 5 UR points at rotating categories
* [[Chase Freedom Unlimited]] - 1.5 UR points
* [[Chase Freedom Unlimited]]
* [[Chase Sapphire Preferred]] - 2 UR points travel and dining worldwide, $95 AF
** 1.5 UR points
* [[Chase Sapphire Reserve]] - 3 UR points travel and dining worldwide, $450 AF
* [[Chase Sapphire Preferred]]
* [[Chase Amazon Visa]]
** 2 UR points travel and dining worldwide, $95 AF
* [[Chase Sapphire Reserve]]
** 3 UR points travel and dining worldwide, $450 AF


;Caveats
;Caveats
* 5/24 rule. If you've gotten 5 credit cards (from any issuer) within the past 24 months, you will get automatically rejected
* 5/24 rule. If you've gotten 5 credit cards from any issuer within the past 24 months, your application will be rejected.


==Discover==
==Discover==
* [[Discover it Cash Back]]
* [[Discover it Cash Back]] - 5% Rotating categories
** 5% Rotating categories
* [[Discover it Chrome]] - 2% at Gas and Restaurants
* [[Discover it Chrome]]
 
** 2% at Gas and Restaurants
==Fidelity==
* [[Fidelity Rewards Visa]]


==Synchrony Bank==
==Synchrony Bank==
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They also give the highest credit limits among banks I've applied to.
They also give the highest credit limits among banks I've applied to.


* [[eBay Mastercard]]
* [[PayPal Cashback Mastercard]] - 3% cashback w/ PayPal checkout, 1.5% elsewhere
** 2% at eBay (first $1k eBay spending per year, then 3.33%)
* [[Amazon Store Card]] - 5% cashback at Amazon
* [[PayPal Cashback Mastercard]]
* [[Rakuten Cash Back Visa]] (Discontinued) - 3% cashback on Rakuten cashback purchases
** 2% cashback
* [[Synchrony Premier Mastercard]]
* [[Amazon Store Card]]
** 5% cashback at Amazon
* [[Rakuten Mastercard]]


==Wells Fargo==
==Wells Fargo==
* [[Wells Fargo Propel]]
* [[Wells Fargo Autograph]] (formerly [[Wells Fargo Propel]]) - 3% on restaurants, gas, travel. No annual fee.
** 3x on restaurants, gas, travel, No AF
* [[Wells Fargo Active Cash]] - 2% visa card. No annual fee.
 
==Categories==
{{main | Category:Credit Cards}}
* [[:Category:Credit Card - 2% Cashback]]
* [[:Category:Credit Card - 5% Rewards]]
* [[:Category:Credit Card - No foreign transaction fee]]
 
==Benefits==
 
===Auto Rental Collision Damage Waiver===
See https://www.nerdwallet.com/article/credit-cards/credit-card-rental-car-coverage
 
;Primary
* Bilt World Elite Mastercard
 
;Secondary
* Wells Fargo Autograph
* Wells Fargo Active Cash
 
===Cellular Telephone Protection===
* Wells Fargo Autograph
* Wells Fargo Active Cash

Latest revision as of 02:41, 4 July 2024

Credits Cards categorized by the issuing bank.

Getting Started

  1. Get the Discover It 5% card as your first card
    • Use a referral link for $50 credit
    • Mark your occupation as student to get the student card
    • Make sure you list an income that is >=$10,000.
    • If rejected, apply for the secured card or the Capital One Platinum.

Alliant Credit Union

American Express

Amex cards earn MR points. MR points can be redeemed for cash at 0.6 cents per point.

Bank of America

Capital One

Citi

Chase

Chase cards earn UR points which can be redeemed for statement credit at 1 cent per point.
With the Sapphire Preferred or Reserve cards, they can be transferred or redeemed for travel for more value.

Caveats
  • 5/24 rule. If you've gotten 5 credit cards from any issuer within the past 24 months, your application will be rejected.

Discover

Fidelity

Synchrony Bank

Synchrony Bank is one of the more lenient lenders. I have yet to get rejected for a credit card from them. They also give the highest credit limits among banks I've applied to.

Wells Fargo

Categories

Main page: Category:Credit Cards

Benefits

Auto Rental Collision Damage Waiver

See https://www.nerdwallet.com/article/credit-cards/credit-card-rental-car-coverage

Primary
  • Bilt World Elite Mastercard
Secondary
  • Wells Fargo Autograph
  • Wells Fargo Active Cash

Cellular Telephone Protection

  • Wells Fargo Autograph
  • Wells Fargo Active Cash
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