Recommend something for me, thanks!

For just about anything you want to get off your chest about credit cards.
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kp19
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Recommend something for me, thanks!

Postby kp19 » Wed Jul 24, 2013 2:10 pm

I am looking to get another credit card, but to be a cash back credit card. I currently have three credit cards. One from Bank of America (Bankamerica Visa Card) that I got my senior year of high school in 2009, with a limit of $700. Another from Barclay's (Barclaycard Financing Visa Card) that I got last September in 2012, with a limit of $4k, and another from Macy's (Macy's Credit Card) with a limit of $300, sometime back in December 2012. I am 22 years old, and a college student.

I have been doing some research on cash back cards, but I want opinions of others because some of you have the cards and have actually seen cash back. Background information on my spending is that I spend a lot. I like to go out to eat a lot, and I use my cards on gas and anything. I have paid off all my credit cards, so there is nothing on them, I usually pay the balance or keep it empty. I plan on not using my other cards anymore, but will not be canceling them, as soon as I can get a cash back card.

I am stuck between the Costco one and any other ones. I prefer cash back more than travel and what not, as I don't travel. I would like no annual fee, but if there are great perks, then I don't mind paying it. Balance transfers, what not, don't matter because I don't deal with it. As for APR, low APR is great, but I plan on buying what I can pay only.

Sorry for the long post, thank you. :)


pac4toon
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Postby pac4toon » Wed Jul 24, 2013 3:18 pm

I like AmEx BCE. The only other cash back card I have is a Capital One which is in my sock drawer.
In my wallet:
AmEx PRG/ BoH Hawaiian Airlines WEMC / Chase Freedom /

In my sock drawer:
AmEx HHonors & BCE

takeshi
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Postby takeshi » Wed Jul 24, 2013 3:50 pm

kp19 wrote:I like to go out to eat a lot, and I use my cards on gas and anything.

So eating out and gas are your two biggest categories? I can't think of one card off the top of my head that offer maximum rewards on both. I use a CSP for dining (though it doesn't have the highest reward rate) and a PenFed for gas since it's 5% with no limit.

The BCE only offers 2% on gas and dining would fall under the 1% for all other purchases.

Are you willing to deal with cards with rotating categories?

kp19 wrote:I prefer cash back more than travel and what not, as I don't travel. I would like no annual fee, but if there are great perks, then I don't mind paying it.

Define "great perks". Great is highly subjective. What perks would be of benefit to you?

kp19
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Postby kp19 » Wed Jul 24, 2013 5:05 pm

takeshi wrote:Are you willing to deal with cards with rotating categories?
Define "great perks". Great is highly subjective. What perks would be of benefit to you?


I don't want to deal with rotating categories, and I would prefer to have one card as oppose to a lot. I like the idea of having cash back for more categories than just one. As for great perks, I probably mean what ever gives me more cash back because I don't travel much so points for that don't do much. I guess it would be nice to accumulate them, but I probably have gone out of state only twice, and on the plane once, so travel credit cards aren't great for me. I do have a question, why did you choose the CSP over the Chase Freedom?

By the way, pac4toon, I like the idea of the BCE, but why did you choose that over the Costco AmEX one?

willgatlin25
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Postby willgatlin25 » Wed Jul 24, 2013 8:34 pm

I went with Discover, I got mine August of 2012 and the IT card wasn't out then. I have the Cash Back Rewards Card where I can earn 5% on promotions I sign up for like Gas, Dining, Movies, etc, and I earn 1% on everything else. If you shop online a lot you can also earn up to 15% cash back by shopping through the discover website.
Just fyi I have what I'd consider Fair credit, 620 - 640 across the board, and I was approved for a Discover account that started with a $1000 CL. Discover has upped by CL to $1700 without doing additional credit pulls.



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