TXviking wrote:Kind of curious what cards people have, and whether you're happy with that mix or planning to make changes.
CostCo AmEx (soon to turn into a CitiBank Visa, apparently)
Chase Sapphire Preferred (Visa Signature)
Chase Amazon Visa (Visa Signature)
Discover Open Road
Considering adding a Delta SkyMiles Gold card to the list, but waiting until after a planned RV purchase. Other than that, I'd kind of like a MasterCard again someday, but haven't found any of the current offers sufficiently appealing.
Currently I'm only using the cards listed in my signature:
- Amex ED - non-category plus the little spending I do at traditionally-coded grocery stores
- Discover it - category spending plus non-category stuff once I've gotten to 20 swipes in my Amex billing cycle (only while I am in the double cash back year, just can't resist 2% cash)
- Barclay SM (my wife is actually the primary account holder) - gas and Walmart/Target, as they are coded as grocery, at least the ones I use (I rarely run into the monthly caps)
That covers my spending to my satisfaction, especially since I am currently getting a base 2% cash back with Discover. Before I realized the value of credit card rewards, I used debit for everything but opened several store accounts, primarily for the one time upfront discounts. They include Express, JCP, Kohl's, and Macy's. I don't have much use for them anymore, and can't really see using them for anything (Macy's could be an exception depending on what I could get for using it). I am content keeping them aging and open until they get closed for inactivity. American Eagle and Kay's have been closed on me, but it is no real loss.
My Banana Republic Visa is one account I would like to keep open just because once in a while I will get good promotions for rewards. I also have a Walmart card that was recently "upgraded" to a MasterCard, but it is pretty usless to me, too. I originally got it exclusively as a gas card for $.05 off a gallon. They recently changed their rewards, and now it's 2% off gas, still fuel only. You also get 3% at Walmart.com (online only) and 1% elsewhere, but in my area and at current gas prices that is a nerf in my book.
Anyway, my spending is pretty well covered. I am not opposed to bonus chasing and churning, but I don't travel frequently so it just isn't as lucrative for me. Unless some great new product gets released or I get a targeted offer, there's nothing for which I definitely plan to apply. I am considering the Mercedes-Benz card from Amex. It earns MR (so rewards could supplement the ED I already have) and I like the rewards structure, but of course the biggest draw is the Mercedes benefits. I would have to be committed to getting a new Mercedes when it comes time to replace my current crappy car (and I would need to get the card long before I actually got the car). That's not a definite thing, so applying for the card is still up in the air, but it is the only thing on my radar at this point.