A little about me: Although I don't know my FICO score, I assume my credit is excellent. I have a mortgage and some school debt, but no car or home equity loans. I do occasionally float a balance on my cards but I haven't actually missed a credit card payment in years. Low 6-figure income, very good job security.
Anyway, this is what my wallet is currently packing:
- Discover Open Road Card: This is usually my go-to credit card for most online purchases and gas. I remember rewards being better on this, but now it's only 2% for gas and restaurants when I last checked. Open since 2007, 16k limit. Had some problems with fraud not too long ago and CS was top-notch. I also make use of their online shopping portal for the extra cashback. (In short, for the time being, I'm very attached to this one.)
- Citi Thank You Card, had since 2004. Use as by backup, doesn't get a lot of action. 20k limit. Low interest but unimpressive rewards, a holdover from an era when my credit history was still young.
- Chase Amazon.com - Used exclusively on Amazon since I tend to shop there a lot, usually paid off every month. I think there's an 8k limit, and it's 1-2 years old. I don't even carry the plastic on me.
- credit union debit card- When I'm not using credit, I'm using this.
I just did the instant approval for a Citi Forward card. Plan to use this as my de facto Amazon card for the 5% rewards points bump. (picture Gimli from LOTR: "And then call it a bookstore! A BOOKSTORE!) and cancel the Chase card once I burn my accrued cashback off.
Also going to see if Citi will raise my limit on the new card and, if so, cancel my older Citi card as well. The Forward card would then be my first choice, at least at restaurants or the movies.
This leaves me with 2 cards. I like having 3 better, so what do I get? I'm leaning towards an AMEX card, but I'm not thrilled about paying yearly fees if I don't have to. Customer service goes a long way with me, and AMEX has a good reputation in that respect. I just renewed my Costco membership, so the TrueEarnings card was definitely a consideration, but I drive a Prius and 3% on gas isn't as thrilling as it might be for the SUV crowd.
On the other hand, the Blue Cash Everyday cards might be better. I'm having trouble convincing myself of paying $75/year, but if I give a second card to my wife and force her to use it for gas and groceries as well, would it pay for itself?
What do you guys think? Or is there another card out there I should be considering?