choosing a credit card

Discussion in 'Community Discussion' started by Rodimus Prime, Feb 5, 2008.

  1. macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #1
    I am looking into getting myself a new credit card. My current one would still be a back up.
    What I am looking for is something with cash back and more importantly zero fees.

    Right now my top 2 picks are American Express and Discover. The thing about AMEX that is getting me is they say there is a $5.00 statement copy fee. Is that fee that is charged every month or is that only if I request a new copy of the statement?
    Is there some other credit cards I should look into?
     
  2. macrumors 603

    swiftaw

    Joined:
    Jan 31, 2005
    Location:
    Omaha, NE, USA
    #2
    Chase visa has no annual fees and a variety of reward programs (cash back, etc).
     
  3. macrumors 68000

    kuebby

    Joined:
    Jan 18, 2007
    Location:
    SFV
    #3
    Doesn't AMEX have a yearly fee? Don't get it. There's no reason anymore to have AMEX over any other card.

    Discover? Isn't Discover like the red-headed stepchild of credit cards?

    But in all seriousness . . . I'd recommend you look into a card through MBNA. They have, or at least used to (before they were bought by Bank of America), a service called ShopSafe. ShopSafe, through your credit card, issues you single-use credit card numbers to use online. Best service ever.
     
  4. macrumors 604

    CalBoy

    Joined:
    May 21, 2007
    #4
    I like my Citi Mastercard. The cash back was decent when I got it (5% for gas, groceries, and drugs and 2% for everything else) but it's gotten weaker since then (now only 1% for general purchases and I think 3% for the other gas/grocery/drug stuff).

    Otherwise the Citi card has no fees and it's useful anywhere and everywhere. :)
     
  5. macrumors 6502

    Joined:
    Dec 11, 2005
    #5
    Check out http://www.creditcards.com/ and see what the various rewards offered are and the limitations. I got a new CC recently (old one was just a plain jane card with no benefits) and thats how I decided on my card.
     
  6. macrumors 68000

    njmac

    Joined:
    Jan 6, 2004
    #6
    I say Bank of America (or MBNA).

    Last year, when my husband lost his job and we used some credit cards to buy gas and groceries (big, big mistake :eek:) because we felt we had no other option... a phone call to Bank of America, explained the situation - they converted our card balance to a 5 year loan at 2% interest! CHASE, otoh, said tough luck plus you missed a payment so we are RAISING your interest rate to 29.99% OUCH. I hate chase, they are worse than the mafia :mad:
     
  7. macrumors 6502a

    Joined:
    Feb 3, 2007
    Location:
    Northern part of the Eastern United States
    #7
    American Express Clear has no fees of any kind what so ever. AMEX is a much harder company to get a card with, so if you can, thats good, otherwise i love my citi card. I get cash back and no fee.
     
  8. macrumors 604

    CalBoy

    Joined:
    May 21, 2007
    #8
    But why? A lot of places don't even take it still (especially eateries I've noticed).

    What's the advantage to AMEX if there's a fee for some of them, it's harder to get, and not every business takes it? :confused:
     
  9. macrumors regular

    Joined:
    Jul 24, 2005
    #9
    I use Amex more than any other card. There website and customer service is outstanding. They have a variety of card types to best suit your needs.

    Whatever you choose, use credit responsibly. Amex is good to keep you in check when it's the type that requires full payback the following month.

    Don't use credit cards for holding long term balances, as the interest rates (after promos expire) will cost you an arm and a leg. Literally. Saw off your arm and send it in.
     
  10. thread starter macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #10
    I am not to worried about my credit score getting in the way. I have a 756 score. Not bad for some one just out of college
     
  11. macrumors 6502a

    Joined:
    Feb 3, 2007
    Location:
    Northern part of the Eastern United States
    #11
    Yeah, i got one and i'm in college, so i think i'm doing well. Look around for one with good cash back, points are really a waste now adays for they don't amount to much.
     
  12. macrumors 68000

    MattyMac

    Joined:
    Oct 6, 2005
    Location:
    NJ/NYC
    #12
    Agreed..I was going to post the same link. It was what I used when searching for a CC.
     
  13. macrumors 65816

    Joined:
    Apr 9, 2003
    #13
    The problem with AMEX is that it is not accepted at as many places at MC/Visa. I don't carry cash at all (it is so last century), so I like to know my card will be accepted everywhere.

    Capital One has the best cash rewards and consumer friendly policies out there. What is in your wallet?

    Citibank is a bunch of dogs. Avoid at all costs.
     
  14. macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #14
    I have 2 Chase cards (one's actually BankOne, which was bought by Chase). One of them is a Volkswagen Rewards Visa, and the other's an Amazon Rewards Visa, and I like them both. Chase customer service has treated me well the few times I've needed to call.

    Avoid HSBC like the plague though
     
  15. macrumors 68040

    ntrigue

    Joined:
    Jul 30, 2007
    #15
    MBNA and BofA excellent cards...
     

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