What card(s) for me?

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Aug 18, 2014 6:24 pm

Well, don't close the Slate until you get a better Visa or MC card. Not all places take Amex.

For travel rewards, look at the Amex EveryDay card (the one with no AF - you don't spend enough to earn extra rewards on the version with the $95 AF). Evaluate the Amex MR transfer partners and see if you can make better use of MR points than cash.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red


TheSwarm
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Postby TheSwarm » Tue Aug 19, 2014 5:08 pm

Sounds good.

Also, just curious. Is there some additional benefits to Chase cards if you have bank accounts with Chase?

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Aug 19, 2014 5:10 pm

TheSwarm wrote:Sounds good.

Also, just curious. Is there some additional benefits to Chase cards if you have bank accounts with Chase?


Yes, but some are going away!
http://creditcardforum.com/visa-mastercard/10473-chase-freedom-dropping-10-dividend.html
http://creditcardforum.com/general-credit-card-talk/10466-csp-getting-rid-7-annual-dividend.html
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

TheSwarm
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Location: California

Postby TheSwarm » Tue Aug 19, 2014 6:11 pm

I see......

Someone mentioned the CSP earlier in the thread, and I read the comparison between the CSP and the Barclay Arrival card, but does the Capital One Venture card do basically the same thing as the Barclay with a $59 fee instead of $89?

Brad Bishop
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Postby Brad Bishop » Fri Sep 12, 2014 6:13 am

I can't imagine why anyone would want to pay an annual fee for a card except for maybe:
- an airlines card that has a hub in your area and you fly twice a year on average and you get "free bags" or something that more than makes up for the fee
- Amex Platinum or one of the other platinum-like cards (in the $500/yr annual fee range) if you are traveling all the time (where the perks of being in the lounges, etc. really do add up)

If you have a $100 AF on a card then you're in the hole starting out and must spend:
- 1% rewards: $10,000 annually just to break even
- 2% rewards: $5,000 annually just to break even

Comparatively speaking, a 1% no annual fee card would have you ahead by $100 @ $10,000/yr spending.

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Sep 12, 2014 10:24 pm

Keep in mind that many of those cards come with signup bonuses that will cover 3 to 5 years' worth of annual fees. That does a lot to reduce the real cost of the AF if the card is held for, say, a decade. Many of the AF cards can also be downgraded to non-AF versions.

Also, many no-AF cards that advertise no FTF 'incidentally' also still lack a chip, making them extremely inconvenient for use in many countries. For a card that can really be used internationally with a chip and without fees, getting an AF travel card is sometimes required. PenFed may be one of the few exceptions.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red



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