What is the best bank/online broker/credit card for first year analyst/associate in NYC?
First starter credit card?
Thanks
| +54 | SpaceX IPO - what are your thoughts | 12 | 9h |
| +28 | Should I use Claude or chatgpt? | 16 | 5h |
| +22 | Funny Things to Say to Interns | 8 | 2h |
| +18 | London's future as a financial centre | 18 | 2d |
| +17 | How did you meet your significant other/partner? | 15 | 1h |
| The Great Debate | 9 | 1d | |
| +7 | E ink/electronic notepads | 4 | 1d |
| +7 | Pity that RU athletes can still compete | 2 | 3h |
| +6 | Stay Sharp All Day With Best Modvigil 200 MG Tablet | 0 | 1d |
| +6 | Test post will be deleted automatically. | 11 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If you are referring to credit card purely, I am not sure I can help you without additional information about your credit history. Capital One is easiest to get a credit card, but certainly not the best option.
In terms of bank, I love Chase bank. There are tons of Chase banks in the city and Duane Reeds, which has the Chase ATM. Can't travel two blocks without running into one so it is super convenient. You can use Chase as actual bank and build savings there or just deposit at least $500 a month and use it as a cash source (meaning deposit rest of paycheck in current bank account)
Deleted
For checking - Schwab Investor Checking can't be beat. You can use any ATM in the world and they'll refund any fee you're charged. Yes, that even includes the $20 fees in strip clubs or casinos (I uh, heard from a friend). Not to mention it's interest bearing - doesn't matter much now since it's something like 0.5%, but it used to be 4-5% which was awesome.
For brokerage, I use TradeKing.com - $4.95 trades, fairly barebones. But it's cheap, fast, and gets the job done - I do my own research anyway.
Credit Card: CitiForward. No annual fee and 5x points on Restaurants / Books (includes Amazon.com) / Movies.
Online Broker: Fidelity. I've had them since I was a 1st year analyst. But you should check your bank's list of approved brokers. Some places allow outside online brokers such as Schwab and Fidelity. I know GS and Citi force you to use their own brokerages.
Banking: Any of the big banks will be fine. Just try to coorindate your banks with your cards, so you don't have to keep track of a dozen different websites.
@ Bearearns I don't have a credit score. My credit history has a small school loan that was paid of in full.
I need to get a credit card.
I would definitely recommend Tradeking as an online broker. They charge less than $5 per trade, and their margin rates are reasonable. Also, optionshouse is decent.
I would definitely recommend Tradeking as an online broker. They charge less than $5 per trade, and their margin rates are reasonable. Also, optionshouse is decent.
Depends on what kind of CC you want
Chase Sapphire Preferred - Travel/Dining Citi Double Cash Card - Cash Back Marriott or SPG rewards - Hotel AmEx Everyday Preferred - Overall
I have Sapphire and the AmEx platinum, which I would recommend if you can get the 100k miles signup bonus, if not the annual fee is too high to make up for it.
Check out Robinhood (iOS/Andriod app) , you can trade US listed equities commission free
If you have to get accounts approved by your compliance department (which you probably do), then good luck getting Robinhood approved. Most will tell you Fidelity/Schwab/ML/MS and probably some others.
Enim asperiores quaerat dolores optio deleniti aut vel. Est molestiae voluptate veritatis rem voluptas voluptatem. Nostrum omnis eius perspiciatis libero aut similique facilis. Numquam veritatis consequatur enim maxime est quas similique. Voluptas dicta at libero adipisci eos in laudantium. Est nihil doloribus repudiandae consequatur. Eius cum nihil quia natus consequatur similique.
Nostrum natus tenetur nihil doloremque et et. Asperiores inventore ipsam ut voluptatem ut autem est qui. Ea earum asperiores ea quia sunt. Labore ullam quis nihil facilis distinctio. Odio a officiis in enim laboriosam perferendis.
Quae dignissimos consequuntur soluta illum repellat facere. Quos molestiae dolor aspernatur ex. Provident consequatur exercitationem ratione ea non commodi. Doloribus at dolores qui alias laudantium ipsum a. Accusantium cum ducimus totam ut qui.
Voluptas et quibusdam ratione. Voluptatum impedit voluptatum qui ut a temporibus delectus sit. Eum voluptates dolor soluta odit hic. Ut error occaecati vel excepturi et consectetur. Vero et nihil voluptatem dolore exercitationem vitae est. Atque praesentium aperiam officia ut natus earum quis commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...