- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
you're wasting money and giving up cashback/points opportunities elsewhere. The Amex cards generally are the most beneficial to people who travel a lot; this is particularly true at gold and plat. levels. If you don't use their travel benefits or their concierge-type services, you're paying (annual fee) for something you don't use.
I would go with a visa or amex that offers 1% or more cashback with no annual feel. There are a lot of them.
My main card is a Fidelity Amex, offered by FIA Card Services (Bank of America). It's only an Amex in the sense that it uses the Amex network. They pay 2% cashback to my IRA at Fidelity. Customer service is excellent (U.S. call center), and their website is among the best, IMO. FIA also offers a Schwab Visa with a similar arrangement.
If I traveled or had an otherwise more glamorous lifestyle (read more money), I probably would opt for an amex gold card or even a platinum. However, like for most people, I don't really think it's worth it for me.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.