anmsis wrote:I'm looking to get a second credit card. I currently use the American Express Blue Cash Preferred for all of my purchases. Amex is great for groceries, which are my largest expense, but I would like to have another card to provide a higher return on all of the purchases that I would only get 1% on using Amex.
A few other preferences: no annual fee, no foreign transaction fees, and preferably not another Amex so I can have a backup for places that don't take Amex). I was thinking of the Capital One Cash Rewards or the Citi Forward, but there are so many cards out there to choose from! Any suggestions? Thank you in advance!
-Chase Freedom (1% everywhere, 5% on rotating categories)
-Capital one Spark Cash (2% on everything and, yes, a $59 annual fee, but still worth it. It's a business card, so just use your name as the business name and your SSN as the Tax Id Number). The CO Cash Rewards is not a bad option either. It just comes down to whether that extra .05% the Spark Cash gives you is worth the annual fee.
-Costco TrueEarnings Amex (I know you don't want another Amex, but the backdating will certainly help you, plus 2% on restaurants and travel, 3% on gas including
gas at Costco)
Discover IT sounds promising too
I'd advise you to stay away from cards with points-based reward programs or gimmicky redemption options (**cough**Priceline Visa**cough**) or conversion rates under 1 cent per 1 point.
(Obviously, the Freedom is an exception to that rule, what with it being a points card with a 1 cent/1 point conversion rate)
I'm assuming you're only interested in cash back.