The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

OFF-TOPIC Best credit card

Jito

New Contributor
Dec 2, 2007
147
8
21
Bay Area
I currently use Amex almost exclusively, however I want to get a backup Visa or Mastercard. Anyone have any suggestions?

And don't worry, I have zero debt, close to 800 credit score and am responsible with spending. Keep track of every receipt.. I scan my receipts to pdf and create monthly accounting reports of everything.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

tchandy

Contributor
Read Millionaire Fastlane
Aug 16, 2007
460
95
46
Kansas, for now
I use Discover and have since the late 90s. I like it for the cash back you can get after you make a charge on anything. I believe it is 5% on everything you buy. Not too keen on the cards with frequent flier miles, and other perks.

http://www.discovercard.com/

Tom
 
OP
OP
J

Jito

New Contributor
Dec 2, 2007
147
8
21
Bay Area
I like discover, but I feel it has the same drawback as Amex, i.e. some vendors don't accept it...
 

tchandy

Contributor
Read Millionaire Fastlane
Aug 16, 2007
460
95
46
Kansas, for now
I like discover, but I feel it has the same drawback as Amex, i.e. some vendors don't accept it...
True, some vendors don't accept Discover but most places I purchase from, do. :boxing_smiley: I always wonder when these companies were going to get out of the stone age and come into the 20th century.

I use my debit for places that don't accept Discover but that is maybe one out of every fifteen times I use my credit card.

Tom
 

Rawr

Gold Contributor
Speedway Pass
Aug 12, 2007
1,816
1,685
454
south florida
I have two Visa's, and want to add another card to build more credit available.

I have close to 800 rating and 23k limit on one of the cards - so I am hoping to get another 15k or more with this next card.

From this forum, and friends I keep hearing how good Amex is (Especially with disputes) so I might be leaning that way.

What would be the card for me that would allow me the largest credit / more increases down the line?

Thanks
 

hakrjak

Bronze Contributor
Read Millionaire Fastlane
Sep 15, 2007
1,979
140
88
Colorado Springs
I like the Chase World Rewards Mastercard. They are liberal about giving you a high limit, and you can opt for cash back or shop their catalog with your rewards points. The points are 1 per $ you spend, and for some purchases like gas & groceries (Everyday spending) it can be as high as 3-5 points per dollar spent, last I checked.

I put 100% of my monthly everyday expenses on this card, and cash out about $500 in rewards per year pretty easily. I pay it off every month too, so I never pay any finance charges, etc.

Cheers,

- Hakrjak
 

Allthingznew

Contributor
Aug 26, 2007
416
56
25
There are benefits of having one of each cuz there's always someone who doesn't take one of them. Sams Club won't take Visa or Mastercard (there pumps will though) inside but they'll take Discover. Go figure.

I had an MBNA Visa that I really liked, gave a low fixed rate and increased my credit line $500 every month or every other month. B of A bought them out, but they still increase my limit. Come to think of it I think my other B of A card (originally with B of A) gets increased regularly too. Helps the debt to credit ratio, although I try to pay them in full each month.

I have a Chase Visa I've been pretty happy with, they don't increase the limit on their own though, and I've actually liked that because I use that one a lot and I've never increased the limit on it, on purpose! I don't know if Advanta has a non-business card, but it's a great Mastercard.

Each company has their own perks they offer and pros and cons, guess it depends on what you want/need as to which is truly best for you.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.



Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom