Whatamuji wrote:I received a good offer in the mail from AMEX offering me a low APR of 12.99% and no interest for 15 months. However I have the BoA Cash Rewards card which offers me similar cashback (3% Gas, 2% Groceries, 1% Everywhere else). I'm on the fence at the moment if I should pay off the balance on my BoA card and close it then apply for the AMEX card. Or just stay with what I've got. I really don't use my BoA card much and it has a higher interest rate compared to the AMEX (22.99 vs 12.99). But my logic is if I close the BoA and go with the AMEX card I can eventually upgrade it to the BCP if I want. What are yalls thoughts?
As someone who got BCE and then Sallie Mae a few weeks later, I can tell you that there can be limited value in having cards that are very similar.
Aren't you already busy with Hilton minimum spend? And what happened to wanting IHG and CSP?
You should be picky about the cards you add, and when you add them. And only think about rewards once you're already paying in full.
And if you don't use a 3% gas, 2% grocery card much...would you really use a 2% gas, 3% grocery card that much more?
For your light spending, a Sallie Mae could be good.
If you spend more or can maybe add an AU, get an EDP and leave those other reward programs in the dust.