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You might take a look at Pentagon Federal Credit Union (anyone can join - check their web page at Penfed.org). The card offers 5% cash back on 'pay at the pump' fuel purchases and 1.25% on everything else. I've been happy with them.
If you dont have any credit history...you probably wont get a major credit card that is unsecured...You might want to check out creditboards.com or the like for ideas on building a history...
Last edited by maddythebeagle; 10-13-2007 at 07:26 AM.
I have a PenFed card as well. I'm satisfied so far but had some trouble getting it. Won't go into all that again. See link below. But in the end, it all worked out without having to submit all the crap they wanted. But if you have no credit, be prepared to cough up some financial information.
The Penfed deal looked as good as I've seen. Signed up online, thought it came in the mail yesterday but it was just a form they wanted my real signature on. 5% on gas caught my eye, haven't seen the full agreement so hopefully not too restrictive.
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Your focus determines your reality - Qui-Gon
Chase has a reward card that pays 3% on certain types of purchases, up to a limit of $600 a month in purchases. After that it's just 1%. I use this card for grocery store purchases, so I always go over the $600.
You'll earn a 3% cash back rebate or 3 points for every $1 in eligible purchases made in the top three bonus categories where you spend the most. The bonus categories are: grocery stores, gas & convenience stores, quick service payment/fast food restaurants, telecommunications, cable/satellite TV/Internet service providers, video rentals, department stores, dry cleaners, drugstores, movie theatres, local and suburban commuter passenger transportation, pet supply stores and veterinary services, utilities, beauty shops (salons and spas) and gym/recreation memberships. Following are additional details.
Since I always reach the limit for the 3% reward I have another card that I use to pay all my utilities that pays 2% www.citicard.com.
Discover Card had a 3 month period where they paid 5% on certain types of purchases. Right now it's resaurants and movies. Every 3 months they change the purchase type. Once it was groceries or car expenses, or travel or clothing or specific merchants like Home Depot and Sears. One time it was college expenses and I had to pay tuition so that was easy. Sometimes these 3 month offers will have a limit for the 5% reward.
5% cards for groceries and gas used to be more common, but it seems like many CC companies have cut back on those.
I just wanted to see what companies seem to be reputable and decent to deal with
In a credit card company You have to watch them all. Sooner or later the nice ones will turn, be bought out, etc.
Nothing wrong with a secured card (you can't spend more than you have deposited in another account). It develops financial discipline.
One point: Pay the damned thing off every month! Running a balance is a trap to easy to fall into. Avoid debt like the plague! Been there, done that. I use a credit card for some things (very few things), but I have a cash account with a large enough balance to pay it off as soon as the charges appear on the web-based account, and for emergencies, I have a much lower interest line of credit with the same bank. I wasn't always this smart.
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"Ain't got no money for no old-age pension;
I'm so broke, I can't pay attention!"
"I started out with nothin' and I still got most of it left."
Earn up to 6% rebates on the purchases you make at supermarkets, drugstores and gas stations for 12 months, 3% thereafter, 1% on all other purchases and $1 for every 100 miles you drive - up to $1,000 every 12 months. Redeem rebates toward the purchase or lease of any new or used vehicle, automotive maintenance or convert rebates to ThankYouSM Points for gift cards, merchandise and services.
The Emigrant card requires an average balance of $10,000 in an Emigrant savings account.
I would go with any card that offered you 1% back or more. However, as noted, they may not give you them since you do not have a credit history. We are getting at least $500 back this year, though the card that is offered through my MegaCorp.
One thing to be aware of is that if you do not make your payment by the due date (as opposed to the cycle cut date), you will lose your bonus for the month. Read all the fine print.
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Angels danced on the day that you were born.
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You have to watch them all. Sooner or later the nice ones will turn, be bought out, etc.
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