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The Capital One Platinum Credit Card is the best card I've seen them put out for rebuilding credit for just starting out. They used to charge a much higher annual fee, so $19 is good for them. The roadside assist will save $5 a month your insurance is probably charging, and I like it when rent a car insurance is included like they do. No foreign transaction fees is nice, but I'd check on their currency conversion rates before going on a long trip offshore if it's your only card. So many can use a card like this after the economic meltdown. Even with a $300 limit, it's a good start to rebuild.
The Chase Ink Bold Business Card is for big spenders, basically they're trying to have a similar product to the higher end Amex cards, since the balance has to be paid in full. The thing I'd check on a card like this is what can you redeem the points for, but also do some math on the cash value of the points. I used to have a card similar to this, and in a six month period I just racked up $90 (in cash value) worth of points. With the Amex one card I put the same amount through and got $550 in actual cash back. I'd do a check on the point system, if you can qualify for this you can certainly qualify for anything else, so compare.
The BankAmericard Travel Rewards Credit Card is very similar to other travel type cards, but to max out the benefits you should get a Bank of America bank account as well for the added 10 percent bonus. Really similar to the Amex card, but there's some places that don't accept it and this one is on the Visa/MC network which has lower fees to merchants, so you might like this one better if you go to small corner stores and such in your travels to make sure they'll accept it. It was the one thing I didn't like with the competing Amex card, was small places or places running on thin profit margins didn't take Amex because it cost them an extra hundred basis points on their swipe rate.
I used to have one of the Blue from American Express cards for years before switching to their One card. I didn't travel, but I could see the big traveler was who this card was designed for. The customer service was great, but you need a very high credit score to get one. This would be a good choice if your employer uses these for company cards for expense accounts, because if you use it a lot the points really rack up. I used to give family members plane tickets with it because I was stuck working on the Internet most of the time years ago. Be sure to put 1k through it the first 90 days for the bonus, also if they give you a good limit you can balance transfer anything you can pay off in 15 months with no interest (but there is a fee).
I've had other store cards like this, it's good if you're planning a major purchase there anyway. For the 10 percent off your first purchase, and the discounted rate during the into period it's a great deal. They just give a break on larger buys, but a 28.99% APR on purchases isn't for anyone who can't pay their bills on time, it would be like a Mafia interest rate. I'd really check the numbers on other cards you can get, unless it's some item you really want from them specifically, then you could get it and pay it off with the discount and interest break on it. If you want a discount on batteries, go to a dollar store and buy them, you'll do so much better on something like a 4 pack of AA's.
This card was a lifesaver when my main computer broke and I needed a replacement in a hurry. I was able to qualify with just fair credit, and it got a nice computer since in the last years technology progressed so far and prices dropped a lot. The initial APR is great but it goes up after the introductory time, so I recommend paying it off as soon as you can if it's for an initial big purchase. There's a point reward thing but I really just needed something I could qualify for without too much hassle when the main PCIE slot on my motherboard died. They do have some good deals though, the prices weren't bad compared to other retailers. It's obvious they want to sign you up with the intro rate to get you to make a big purchase, but it really works in your favor if you can cover it before their regular rates kick in later.
This was a good card for my two small businesses. The point system was kind of fun to spend each year on holiday gifts from their catalog. Amex seems to have the best customer service of any issuer, as long as you pay the balance each month they were always nice to us. There's no annual fee which I'd never pay just for the privilege of doing business with a place, it seems ridiculous. You'll really have to do the math on it versus a cash back card like the One card, but they have so much to pick from it's pretty cool to do holiday shopping at the end of the year if you use it a lot.
The Household Bank Credit Card is just for people who want to rebuild their credit. There's others like prepaid or secured cards but they all seem to have an annual fee which is basically the fee you pay them to report to the credit agencies that you're making on time payments so you can one day get a competitive rate/fee card. It's ok, but I'd still shop around a little more because the annual fee is ridiculous on any credit card if you ask me.
This was my favorite card until the recession hit and they started scaling back the credit limit (unlike the Chase card that kept it the same). If you qualify for it, then absolutely put $1,000 through it the first 90 days to get the $100 bonus. Also the Amazon Prime shipping is a good deal if you buy through them a lot like I do. I just don't know how they do some of the cash back rewards like 6 percent at grocery stores when that place swipe rate is going to be around 2 percent or less to begin with.
This is a good card if you time the discounts and advantages. They run discount specials 4 times a year, and it really adds up when you make five purchases over $50 within a 12 month time frame. It works best if you time it this way, but also not to carry a balance because almost 30 percent APR is ridiculous. It takes some strategy like we kept it on the calendar of when to buy toys and the rest to rack up the discounts, but you can save money if you pay attention to do the five purchases in a 12 month cycle.
The BankAmericard Power Rewards Visa Signature card is really good compared to a lot of store cards or Discover. Every accepts Visa, and if you remember to put $500 through it in the first 90 days you get a $50 bonus, which isn't that hard to do in 3 months. A friend of mine uses his for everything, then spends the points on holiday gifts towards the end of each year. Personally I like the Amex One card, where you just get 1 percent of everything put in a special savings account you can withdraw in cash. It can be a little difficult to figure out the cash value of points you get, but I don't think it's as much as the one percent. Their rates are pretty good depending on your credit. I heard the new ones have a lower max limit, but I think that's true of every other card too after the economy problems hit.
I had a Discover More Card and it was ok, but the starting credit limit was a lot lower than my Chase card. The cash back was good, but the downside was the limited number of places that accepted it. Their merchant rates are higher (like Amex) than Visa, so some merchants that run on razor thin margins don't take it. The customer service was really good, and never had a problem while using it. The 1 percent (up to) bonus on purchases is about as good as the Amex One card, and it beats the heck out of skymiles if you don't travel enough to make use of them. Also there's zero percent intro rate for 12 months so if you have a card with an insane high APR, it might be worth getting just to do the balance transfer to a lower one.
I like the 5 percent discount on the Lowes store credit card, and the no interest on $299 purchase if paid in six months is nice if you plan a budget and don't get zapped with the nearly 25 percent APR. I use it every time, but it's not a card you want to carry a balance on for normal purchases. This was pretty easy to qualify for, but of course it's because they know you can only use it there. Prices with the 5 percent off are as good as Home Depot if not better. I wouldn't treat it like a normal credit card unless your other cards are close to this APR. Also one associate said if we were going to buy something over our limit like a high end appliance, they often will bump up the limit to cover it.
This is really for someone who's had a bankruptcy discharged or foreclosure to rebuild credit. After the financial meltdown it was handy to get, because a lot of credit card companies suddenly went into a really strict screening process to get a regular one. As self employed I went with this just to have something to use again. Pay it in full every month, and it will help to get a better rate regular card. The cost seems unfair to pay an annual fee on a secured card, but it's still a pretty good way to dig yourself out of a credit rating hole. Compared to prepaid cards like gift cards, at least they will report payments to the big 3 credit agencies with this one.
I got one for my small business and also use it for shopping many times. I really like that they have most of the things I get at office retailers like binders, shipping supplies and the rest. Their business supplies like chairs and such are pretty good, but it's nice to do one stop shopping and get about anything. For tax time it's also nice to have very few things to keep track of when it comes to business deductions if you just use it for that. The APR is way low compared to the 27+ percent some of the other store cards charge if you carry a balance. I just don't know how places get away with mafia interest rates when the Walmart card is under 15 percent.
I got this card and even with excellent credit the starting limit was really low compared to the others I had. The biggest issue was finding places that accepted it. Apparently like Amex, the merchants swipe rate and transaction fees was higher, so places like our local corner store wouldn't accept it because of low profit margins. I did like the customer service a lot, whenever I had a question I could get right through and the people weren't robots, they really had some training to know what they were talking about. I don't use it much anymore, but if it's got the cash back and rate you want, it's a really pro operation for things like support.
This is a good deal for someone who's going to spend the money anyway at these places and wants the discount and coupons for members. I wouldn't carry a balance at these APR rates, if you have good credit you can do much better on a Chase card or another like a credit union issued card. I could see it being good if you have kids and shop at these places a lot anyway. The points do add up, as long as the math works compared to shopping around. I can see the appeal to some families or cloth hounds, I personally like the 1% cash back cards on everything, so you can spend the bonus the way you want to.
I've had one of these for a while and like it a lot. It's really geared for travel, though I use the points mostly for rental cars since I love to drive and hate the airlines. Even the cash advance rate is lower than the basic interest rate for many cards these days. It takes pretty good credit to qualify though, but they give really big lines of credit. Every time I call them, the people are really super nice and professional. The 15.24% is really great if you have the credit score to get one of these, highly recommend it. Just remember to put $3,000 through it the first 90 days, I almost forgot to in order to get the big point bonus.
I have an Amex card but it looks pretty good for one reason. Amex One card gives 1 percent back, but the LL Bean one is on the Visa network which everyone accepts. I've had smaller places like corner stores that won't take Amex because their merchant rates are higher. Cash advance rate is way high for things like international travel, between that and currency exchange fees you'd have to be in a bad emergency to use that part if you didn't pay in full every month. I assume that the regular rate varies based on credit score, but 19.99 percent is really high. I guess most cards are high now, but I wouldn't want to carry a balance with this for very long.