Five cards for the rest of your life?

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Paavo
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Five cards for the rest of your life?

Postby Paavo » Fri Jul 26, 2013 1:03 am

While slowly building my credit and credit card portfolio, I came up with an entertaining idea of having just five cards and keeping them for the rest of my life. Which cards would you pick if you had to keep those and only those for the rest of your life?

Just now my preliminary list would be as follows (in no particular order):

HSBC Premier World MC
Travelling and easy international money transfers with Premier checking accounts.

BoA Platinum Privileges Cash Rewards Visa Signature
Good card for everyday spending with 1.5-3-5% cashback for Platinum customers.

AmEx TrueEarnings with Costco
For Costco shopping and gas. If moving far away from Costco, PC to AmEx Blue Cash Everyday. Must have one AmEx!

Chase Freedom
5% categories.

Discover it
5% categories.


Sevenfeet
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Postby Sevenfeet » Sun Jul 28, 2013 10:25 am

Do you mean aspirational cards or one's you already own?
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

dickey1331
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Postby dickey1331 » Sun Jul 28, 2013 1:39 pm

Ive thought about doing something like this. Picking 5 cards and just staying with them forever but the problem is things change and what we get now with a card might not be what we always get.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000

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djrez4
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Postby djrez4 » Sun Jul 28, 2013 5:44 pm

I'd eliminate the Freedom from the ones in my signature and keep the rest. Ink lets me get 5x UR points for everything without the need to worry about rotating categories.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

ivotedale
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Postby ivotedale » Sun Jul 28, 2013 5:44 pm

^seconded.

It depends on situations, income, spending habits, etc. If I ever started traveling internationally, I would certainly reach out for Chase Sapphire/Amex Platinum, but for now I'll be rockin' the Blue Sky.

Also, Chase is very conservative about giving me a nice CL, $2k vs. $8k on my Amex revolver. If they ever gave me more than a $500 CLI increase each time I request it, I'd make it more a priority in my "list" but I'm sticking with the Amex teams for now.

That said, I only have four cards total (2 sock drawered), but most of my spending is towards restaurants and groceries (warehouse stores to be specific). So I don't know that I'd have a need for five cards immediately.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

Paavo
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Postby Paavo » Sun Jul 28, 2013 6:35 pm

Sevenfeet wrote:Do you mean aspirational cards or one's you already own?


I was thinking of anything that I currently have, plus cards that I could realistically get sometime soon. But doesn't have to be too strict since this is just speculation, entertainment and perhaps collecting creative ideas...

I'm planning to stay alive for at least 80 more years, so left out cards with AF. Centurion, Palladium etc. I would never even qualify.

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Z06Biker
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Postby Z06Biker » Mon Jul 29, 2013 7:26 pm

Never say never. HSBC Premier requires $100K minimum balance, then comes the Centurion with minimum $250K annual spend, and finally the Palladium which requires $2M in investable assets with JP Morgan Chase. All are doable, especially in 80 years time.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

Robrus1
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Postby Robrus1 » Mon Jul 29, 2013 8:42 pm

My CSP and a Centurion would be fine. Realistically, I only use 3 cards and right now I'm have exactly what I want. I only use my CSP, BCP, and Platinum. My other 3 cards smell like clean socks.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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