Reply to Anyone else not have any credit cards & why does it hurt my FICO score?

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[quote=Anonymous]OP, for you I would probably look at the Citi Double Cash Card. I am guessing you will not be ok yet with an annual fee, and this one has none. The rewards program is straight-forward: you get 1% back and another 1% when you pay it off, which might make you feel better about "taking advantage of the system" if you get paid to pay off your bill.

The other top no fee cards are Chase Freedom and Discover Cashback. You can get slightly higher rewards from these because they have special categories that earn 5% back. But they require a little more planning and thought about which purchases to out on your card and what to buy when. Since it seems like a "set it up and forget about it" approach might fit you better they may be weaker choices.

If you are more open to an annual fee, look at some of the AmEx options. AmEx has better customer service and better secondary perks. They also have a large initial reward on some cards for spending X amount in the first few months after purchase. I opened one right before holiday shopping and basically got more than $1000 back, which I think of as having effectively waived my annual fee for the first decade.

I would not feel to guilty about taking advantage of rewards programs. My family owns a small business and yes, it's pretty annoying how much of our money we give to credit card companies. But at this point, it's such an excepted part of our business model we can't do anything about it and don't hold it against customers. If anything, the recent trend is to accept that we're never getting rid of fees and move in the opposite direction, towards no cash operations.[/quote]

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