Just found this site yesterday when I was researching travel cards. I've been using rewards cards for years, have excellent credit, never carry a balance, and a decent salary. I was hoping to get some answers to questions I had. Thanks in advance!
First, here are my current collection of cards is as follows:
The following 2 I share with my fiancee. Our goal is to use the rewards/points for travel mostly.
Amex Blue Cash Preferred for groceries and gas.
Citi Forward for restaurants.
Cards for purchases just for me (this will change once we get married). I use the points either to dump into my Fidelity account or to buy things online.
Amazon Rewards for Amazon (go figure) and general purchases
Fidelity Amex for general purchases (2% goes to my Fidelity account)
1. I'm pretty sure I know the answer already, but there is no penalty for having too many cards? I want to get to the point where every purchase I make gets max rewards.
2. I was considering getting a Target card for 5% off as we shop their frequently. However I heard you can use the Amex Blue to purchase gift cards at groceries and keep the 6%, is that true? Or would they not include gift cards. If it is true, I'm going to completely change the way I shop.
3. We are looking for the best possible mileage card. In any given year, we take a vacation, as well as travel to Florida once or twice. This year we also have to fly to South Carolina for a wedding, as well as a trip to Europe for our honeymoon. I'm torn between the United Mileageplus and the Chase Saphire for the initial mileage bonuses. Which would be the better deal in the long run? Or is there another card I should consider (I'm also considering the Venture card for the long haul, but really want those bonus mileage from the first two cards.)
4. Is there a better restaurant card than the Citi Forward? I like 5x the points, but I really haven't found much to spend them on, especially since the value of some of the reward changes.