popamode72 wrote:Now that I think about it, I wonder what the underwriting criteria for the no annual fee version of the Blue Cash Everyday card is? Just realized that card has 2% cashback on gas. It is similar to the Everyday card? If that's the case, I eventually want to be able to consider that card too a little bit before the annual fee for the Delta card kicks in. Maybe I can move most of the CL that I have with my Delta card over to that if I were to get approved for it next year as an alternative to just doing a product change to their no annual fee Hilton card and closing that card as long as they backdate it.
The Blue Cash Everyday is the no fee version, and the Blue Cash Preferred is the one with the annual fee. The BCE gives you 3% on groceries, 2% on gas, 2% on department stores, and 1% on everything else. The BCP gives you 6% on groceries, 3% on gas, 3% on department stores, and 1% on everything else. Depending on your level of spending, it MAY be worth it, but the Sallie Mae card gets you 5% on groceries and an extra 2% on gas... For free! Also, you get 5% at bookstores with the Sallie Mae, and Amazon qualifies as a book store which is great. Personally, I like the Everyday card because I travel a lot and can get a minimum of 2 cents per MR point when I cash them in. 2.4x MR points comes out to at least 4.8 cents on my groceries, and 1.2x MR points on everything else comes out to 2.4 cents on stuff where people would usually just be getting 1% (misc purchases).
I have recently read some stuff about the Delta card not being able to be PCed, and AmEx not being willing to move CLs around if the account is younger than a year, so definitely do some research on that before you start applying.
I'm very happy with my set of cards right now. The only change I'm making is converting the BoA cash rewards card, which I only use for gas, to a Better Balance rewards card and get $120 a year for just making a purchase a month and paying it off. I'll put my spend on the Blue Cash card and get 2% on gas and give the Discover some love (2% on gas as well) since its just been sitting around. My fiancee just apped for the Sallie Mae card, so if we end up getting that, I'll definitely have to change my spending patterns. I'm not even going to bother using my new Arrival Plus, I'm just gonna churn it for that $3k spend and keep reaping rewards on my regular purchases.