- Centurion Member
- Posts: 3941
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I've noticed different people on here seem to value different things in credit cards. My 'weighted priorities' in cards are (as best as I can estimate them):
30% Rewards — What I can earn with the card, less fees.
28% Good customer service — They answer my questions, have a good website, will replace a card quickly, and handle fraud smoothly. In this survey, this excludes a lender's flexibility about CLs, APRs, forgiving a late payment, etc. They have their own categories.
20% Simplicity and convenience — I don't want to have too many cards or issuers to monitor.
13% Credit limit (and the ability to get CLIs over time)
5% Special treatment — An issuer takes a chance on you when others won’t, waives a fee to which it is legally entitled, etc. I thought this would be higher, but the fact I use my Discover (despite an initial rejection) about as much as my Freedom (my first approval) suggests otherwise.
2% Amex backdating — I got most of the cards I expect I’ll want within a 10-month window, so it probably won’t affect my future credit terms much. I’m making this a separate category since it seems different from other 'special treatment'. It's unique to Amex but not really unique to individuals.
2% APR — I PIF so I don't really care, but a lower APR would be a pleasant, if financially irrelevant, gesture from an issuer.
What do you value? Can anyone think of categories I’ve missed?
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May