What's a good 2nd card after CFU?
Hi all, looking to get a good 2nd card after CFU because my spending limit is rather low and instead of paying off down to low utilization I figured building more credit in the meantime would be great. Landed a great job out of college and am looking to get as educated as I can in the world of personal finance. Am blessed to be living at home as well.
Also, would it make sense to get a new card now or should I wait a few months?
Thanks :)
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- Current card: Chase Freedom Unlimited, 500 dollar limit, opened June 2024
- currently making use of 1 year promo for 5% gas and grocery cashback
- FICO Score: 748
- Oldest account age: Authorized spender under parents card for few years now (not sure if that counts)? Otherwise the age of this current card is 6 months
- Chase 5/24 status: Only the card above
- Income: 135k + bonus
- Average monthly spend and categories:
- dining ~$200
- groceries: ~$200
- gas: $150 peak spending ($100 on commute alone)
- other discretionary spending: $50-100
- travel: ~$1k (yearly basis)
- Open to Business Cards: Nah
- What's the purpose of your next card? Not sure here. I want to move out in 6 mo. to a year with my older brother.
- Do you have any cards you've been looking at? Chase Freedom Flex...not sure what other options are
- Are you OK with category spending or do you want a general spending card? Category spending is okay, I do see my spending expanding as I move out later on