Credit Card for IB summer analysts?

Going to preface by saying that I don't know much about credit cards so sorry if this sounds dumb- 

But... current sophomore, and I'm starting as an IB summer analyst in NYC this summer (and will be doing IB at a BB junior summer). I was looking to get my first credit card but unfortunately don't have a credit score at all in the US. Does anyone have any recs for a starting credit card? What's kind of the "highest level" CC you can get just starting off in an IB job?

 

Chase amazon visa, walk into a branch cuz they can override the requirements when they like you. Seem polished and impressive. You’ll build a strong relationship w chase for future rewards cards, get good benefits bc obviously you shop at amazon, and you’ll keep the card forever cuz it has no annual fee and can be used as a travel card where they don’t take amex

 

honestly my first card on my 18th was the freedom flex, which i found was fine, but i never use anymore (quarterly categories haven’t been too useful for me). It has very little utility for me now since I use amex gold for dining/groceries and apple pay with the apple card for everything else. With that setup, the only other card i use is the amazon one. Doesn’t really answer your question bc idk much abt the rise but that was my logic

 
Most Helpful

I got a Discover Student Card when I was 18. Was good for the 5% cash back in different categories.

Got an Amex Cash Magnet card next. Was only 1.5x cash back so not the best, but I was young and thought having an Amex was cool.

Got the Amex Green next because I liked Amex and the Clear credit was nice. Also get points on all travel including the subway so I still use it for the subway in NYC. Will probably upgrade this to the Platinum someday. The Chase sapphire preferred is probably a better alternative to the Green. 

Amex Gold next which I use the most. dining and groceries are a huge expense for me.

Then I got the BILT card because it's kind of a no brainer to get points on Rent.

If I were you I'd just get a good simple no annual fee cash back card that earns the cash back from categories you actually spend money on. Check out the NerdWallet website and you can compare different cards. 

 

If I want to get the chase sapphire preferred someday do you think it'll be better to get one of the chase entry cards rather than a discover?

 

Est nulla sed et dolores minima et perspiciatis aut. Quo voluptas sapiente est est a quo tenetur dolorum. Corporis occaecati et aliquid qui omnis qui earum.

Amet aperiam rerum cumque illo. Non est quod eum quia ipsa ipsum. Quia veritatis aut eum totam expedita modi. Fuga dicta quas exercitationem impedit. Sed ut enim rerum alias distinctio quae. Illum itaque quod aut qui.

Unde ea accusamus molestiae vero iusto. Repudiandae incidunt dolore ut est delectus. Eligendi iste magnam sed quae.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (151) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”