- Centurion Member
- Posts: 107
- Joined: Thu Mar 29, 2012 7:55 am
- Location: Atlanta, GA
So I have a lot of cards… and I want some feedback on this:
First up, American Express. I have 4, which means $$$ annual fees galore:
1. Premier Rewards Gold: Benefits are nice, and having a Charge card always is comforting. (Keeper)
2. Blue Cash Preferred: Will keep this card until I die. (Keeper)
3. Starwood Preferred Guest: I'm unsure. It's nice, but is it necessary 1% back kinda blows.
4. Delta Gold card: I got it for the sign up bonus of 40k. It mostly is awful in comparison to Amex PRG 3x on flights. (Goodbye).
Secondly, Chase & Discover.
I have the Freedom and IT. I like both, and the 5% Categories are awesome!
When the Diamond Rewards intro 0% APR runs out next october, I think this card will be Product Changed, but I don't know to what. I'm thinking either Dividend or Forward.
Fourthly BarclayCard: I have the Apple Store financing card. I originally thought about product changing this to the Ring or canceling it. It's just this year I got another offer for 12 months 0% on Apple purchases, which is AWESOME! I'm trying to figure out if this is an annual thing.
Lastly, Capital one. I have some Journey card that womps. It'll forever be $750 CL. I never use it, and I've almost cancelled it 3 or 4 times.
So starting in March, I think I'm going add a couple cards to my rotation.
Chase Sapphire Preferred
Chase Ink Plus or Bold
US Bank Cash+
Upgrading to Amex Platinum for more benefits. I really want to get a 50k upgrade bonus.
So next year, my wallet could look like:
Amex Platinum: Benefits + Travel (mainly global entry, airline credit, and SPG Gold Status)
Amex BCP: Groceries
Amex SPG: for staying at SPG hotels
5% Cards: Forward, Freedom, IT, Cash+, Ink+ (Utilities)
Chase Sapphire Preferred for other non-category purchases
Total Annual Fees: $685… I know that's a lot, but I'd be getting mostly 5% on all purchases, and I'll be banking from a lot of signup bonuses, that will be more than the annual fee.
Any thoughts? I have a Chase checking account, so using the Chase trifecta is pretty awesome.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k