- Green Member
- Posts: 21
- Joined: Thu Jun 19, 2014 3:59 pm
- Location: Near one of those big lakes
I want to apply for 8 more cards in 2015 sometime. Most useful to me at top down to least useful.
1. US Bank Cash+ (5% on restaurants)
2. Barclaycard Arrival (also would be my only no foreign transaction fee card I think - for flights and hotels - might do Arrival Plus and downgrade later but I don't know)
3. Club Carlson Premier Rewards, again, would only be for hotels I stay at, but the 40,000 annual points is allegedly worth about $160, and the annual fee is only $75. The gold status automatic is an additional 35% on spending points, which means I get 13.5 points/$ spent there, equivalent to a value of about 5.4 cents/$. Also redeeming for 2 nights gets you a 3rd for free so that's pretty awesome.
4. Maybe ChoicePrivileges card for Hotels, but it would only be for hotels I stay at myself, my work doesn't have us stay at their hotels, but it's another Barclaycard so I don't know. But apparently it's equivalent to 12% cash back when redeeming for their hotels, and at no annual fee there's no downside. I can throw a purchase of a pack of gum on there every 6 months if I don't stay at one of their hotels.
5. Citi Dividend (Rotating category could be useful)
6. Maybe PenFed Premium Travel Rewards (to use this for airfare only, otherwise I would use it on the Arrival card)
7. Maybe Sallie Mae Mastercard (to use instead of PenFed Platinum Rewards, I only spend like $50-$80 on gas a month so the limit isn't a problem for me, plus I get some on books - but the arrival card does more use for me and it sounds like it's hard to get 2 Barclaycards at the same time)
8. Maybe Santander Bravo (if I can't get US Bank Cash+, this will give me 3% cash back on restaurants - they don't operate in my state though so I don't know)
I'm not very picky about hotels and don't stay at them very much.
PenFed points convert back to about 4.2% value back for what you can redeem them for when I use the Travel Rewards for flight. I'd probably end up saving up and eventually redeeming for a cruise sometime in like 5 years or something. Not as useful as cash back but it's quite a bit better than the Arrival card at 2.2%, even if it's more restrictive. Would probably use it for Amazon gift cards.
When my company sends me on travel it's usually to a Hilton or Marriott, which would be the only time I stay at one of those most likely. But I only travel maybe one week a year, maybe a little more but not much. But that can run up to like $1000 a year I could put on the card. Is there a card worth getting for that with no annual fee? Otherwise I would use the Arrival card when I get that.
Since I don't travel much I think any airline specific card is useful for me, but if there's a no annual fee airline card or one with an annual fee but basically gives you a free flight for that annual fee, or if there's something for delta which has a low annual fee but a lot of benefits for it (I'm most likely to fly delta).
What do you guys think? Any advice, specifically about how to get the Barclaycards, because they seem to be picky. And about the US Bank Cash+ card. I just applied for a bunch so how long should I wait? 6 months? 8 months? 1 year? I got a US Bank checking/savings account to help. My AAoA will be very low because I've only had 1 card for 7 months and just got 4 new ones. But my utilization should be perfect, always pay on time in full, no delinquencies, and will have 5 open lines of credit with the biggest line being 7K and total being 15K.
And yes, I am playing the dumb game of trying to maximize every reward I can get. I realize it's dumb. I'm okay with that.