Looking for a new premium Visa/Mastercard

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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timothym96
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Looking for a new premium Visa/Mastercard

Postby timothym96 » Thu Aug 27, 2015 11:12 am

Hey all,

First time posting on the forum. I think I'm a little bit too in love with CC's than a should be for being 19 (running my own business really helped me get started), but that hasn't stopped me. I'm currently using a Amex Platinum and Citi Diamond Preferred, but Citi CS has rubbed me the wrong way (long story) and I'm looking for a replacement.

Do you guys have any good recommendations for any higher end Visa and Mastercard cards? Thank you so much!


Vermonster
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Re: Looking for a new premium Visa/Mastercard

Postby Vermonster » Thu Aug 27, 2015 6:09 pm

Diamond Preferred isn't exactly a high end card. I would say close your eyes and pick a Visa/MC and you'll have something that will be just as good if not better.

To help more we need to know what your spending is like and what you're looking for. Also is this a business or personal card?
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

timothym96
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Re: Looking for a new premium Visa/Mastercard

Postby timothym96 » Thu Aug 27, 2015 8:48 pm

Vermonster wrote:Diamond Preferred isn't exactly a high end card. I would say close your eyes and pick a Visa/MC and you'll have something that will be just as good if not better.

To help more we need to know what your spending is like and what you're looking for. Also is this a business or personal card?


Thanks for the reply. Oh I know I never really used Visa or MasterCard much but some places do t take Amex so I never really cared at that point.

It's personal, and I spent about $2,000 a month. I have a credit in the 700s if that helps. Thanks!

takeshi
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Re: Looking for a new premium Visa/Mastercard

Postby takeshi » Thu Aug 27, 2015 10:42 pm

"Higher end" doesn't really mean anything. You need to select cards that suit your needs/wants/preferences. If you want suggestions then you need to clarify all that for us. Why did you select an AmEx Platinum? Did you look at the MR program to ensure that you can get the most value per MR point? Or did you just apply for it because you thought it was "premium"?

timothym96 wrote:Do you guys have any good recommendations for any higher end Visa and Mastercard cards? Thank you so much!

"Good" is always highly subjective. Again, you need to clarify your criteria if you want our help to narrow down the options. It seems like you don't have a good grasp of this stuff. Get that sorted out and use it to help you select your cards.

timothym96 wrote:It's personal, and I spent about $2,000 a month.

And where does that spend go -- assuming that rewards are a priority? What are you major spend categories?

With that amount of spend I'd suggest focusing on cash back cards that maximize rewards on your spend. Point/miles cards are generally of more benefit with much higher spend.

timothym96
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Re: Looking for a new premium Visa/Mastercard

Postby timothym96 » Fri Aug 28, 2015 2:36 pm

takeshi wrote:"Higher end" doesn't really mean anything. You need to select cards that suit your needs/wants/preferences. If you want suggestions then you need to clarify all that for us. Why did you select an AmEx Platinum? Did you look at the MR program to ensure that you can get the most value per MR point? Or did you just apply for it because you thought it was "premium"?


I've always found Amex to excel in CS, so I've always wanted to stick with them - nothing really to do with being premium. But truthfully, I haven't, like I said I'm new to this and I never fly..so most cards' rewards with all this flying doesn't apply much to me. Does that help?

"Good" is always highly subjective. Again, you need to clarify your criteria if you want our help to narrow down the options. It seems like you don't have a good grasp of this stuff. Get that sorted out and use it to help you select your cards.


And where does that spend go -- assuming that rewards are a priority? What are you major spend categories?

Yes, that is correct rewards are probably my highest - I spend a lot in retail mostly, being technology, personal wants, etc nothing to crazy. :)

With that amount of spend I'd suggest focusing on cash back cards that maximize rewards on your spend. Point/miles cards are generally of more benefit with much higher spend.

Have any that come to mind?

Whatamuji
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Re: Looking for a new premium Visa/Mastercard

Postby Whatamuji » Sat Aug 29, 2015 1:15 am

I'd consider looking into Chase Freedom as it is a cashback card and has different spend categories every quarter.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

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CarefulBuilder14
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Re: Looking for a new premium Visa/Mastercard

Postby CarefulBuilder14 » Sat Aug 29, 2015 3:36 pm

How often do you travel? Do you have any preferred airlines or hotel chains?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

timothym96
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Re: Looking for a new premium Visa/Mastercard

Postby timothym96 » Sun Aug 30, 2015 10:50 pm

CarefulBuilder14 wrote:How often do you travel? Do you have any preferred airlines or hotel chains?

Very rarely, and not really, whatever is convenient really and nice.

whit
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Re: Looking for a new premium Visa/Mastercard

Postby whit » Mon Aug 31, 2015 11:49 am

i know you said you're not a big fan of citi but if you're looking for a visa/mc that would get you the best rewards--i would say citi double cash back is pretty good.

unless you can really break down your spendage to more than just technology, personal needs, etc..

like..do you eat out a lot? i do, so chase sapphire preferred helps me, but there are also good cards out there that would give you 2x on dining as well, as 3x on travel including cash *cough*citithankyoupremier*cough*

if you buy a lot of groceries, sallie mae i heard is pretty good for that, besides amex's everyday card.

its really hard to recommend a card without more detailed info.

and if your spending is with normal stuff..but not really of pattern to a point where we can help pinpoint a card.

amex fidelity card or citi double cash is best bet since both will give you 2x the points when you PIF..and if you don't than theres no point since the purchase APR will rape you.

kdm31091
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Re: Looking for a new premium Visa/Mastercard

Postby kdm31091 » Tue Sep 01, 2015 12:33 pm

With the fairly low spend and lack of travel, an airline/hotel card is not going to make sense. Stick with cash back.

Discover It is a good well-rounded option with (IMO) better, broader categories than the Freedom.

For general everyday spend, Quicksilver is hard to beat. 1.5% on every purchase posted as soon as the transactions clear. I have a Double Cash, which is 2%, and I like it too. If you PIF every month, you get the 2%. 2% is more than 1.5%, but the rewards post more slowly. If that's not important, try for Double Cash but the limits tend to be low to start out.



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