I just applied for the Capital One Quicksilver and was accepted.
I am the joint account holder and my wife is an authorized user.
AMEX BCP is our main card (biggest expense is grocery and some medical).
I was going to use Cap One (1.5%) as the AMEX backup, but I was thinking about it more closely . . .
Chase Freedom is my second oldest card (2002) after AMEX.
Chase Freedom has a $56500 limit while Cap One has $15,000.
Chase Freedom has my wife as joint card holder, not just authorized user.
Since Chase freedom is joint, using it would help my wife's credit where Cap One Quicksilver would not help as much.
We have Chase checking, so we would get the bonus 10% at the end of the year (effectively making 1% purchases 1.1% and 5% purchases 5.5%).
Chase has some 5% categories (gas and restaurants mainly) which we use.
Also, Mastercard (my Freedom) gives some bonuses within the Shell "Fuel Rewards Network" when you use it, since it is the national payment partner of the Fuel Rewards Network (http://www.fuelrewardsnetwork.com
Maybe I should stick with Chase Freedom as the AMEX backup and use Cap One for big purchases where 1.5% would have a big impact.
I do not want more credit cards, and prefer for simplicity to use only two cards on a day to day basis, with AMEX as the main card.
Which of the other two sounds best?
Sorry for the length.