No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@ilovelisa wrote:
@chnceit wrote:Most AF's are associated with rewards and some AF's are worth it IMO
Some, but certainly not cards like CapOne platinum, no rewards, with a $19 AF, and other cards like that.
Yes, but a AF is associated with CapOne because its a rebuilder cards. Gotta say CapOne is way better than Merrick's monthly AF. Its what you pay for when you need it
@Anonymous wrote:really $1200?
Yes, just checked. My year end statement (from Feb) lists $1100 back, this doesn't include the stuff from Dec. This includes $150 sign up, about $50 from gas and others, and the rest from $19K grocery spending (so for the Feb-Jan it will be more like $1400). Now some of the groceries might have been those thin plastic groceries that you can take to other stores, not a lot but as the cap approaches, we did get some more of those. But this is mainly our family spend at Whole Foods, so we need all that cash back!
So the cap that allows only $6K of groceries at 6% is really annoying....
I thought Amex capped grocery spending.?.
@ilovelisa wrote:I thought Amex capped grocery spending.?.
Starting when your card renews. So starting Feb, only on 6K. Once that is exhausted, I will switch to Penfed for 3% uncapped, but the glory days of BCP are gone.
@bs6054 wrote:
@ilovelisa wrote:I thought Amex capped grocery spending.?.
Starting when your card renews. So starting Feb, only on 6K. Once that is exhausted, I will switch to Penfed for 3% uncapped, but the glory days of BCP are gone.
Ohh ok.
Do you own a restaurant or something, because still, 19k is a alot on groceries lol
EDIT: I just read about your small plastic groceries lol
@ilovelisa wrote:
@bs6054 wrote:
@ilovelisa wrote:I thought Amex capped grocery spending.?.
Starting when your card renews. So starting Feb, only on 6K. Once that is exhausted, I will switch to Penfed for 3% uncapped, but the glory days of BCP are gone.
Ohh ok.
Do you own a restaurant or something, because still, 19k is a alot on groceries lol
No, we work in drug and gun smuggling, hide them in groceries and send them to the destination. Oops, probably shouldn't have said that.
@ilovelisa wrote:
@bs6054 wrote:
@ilovelisa wrote:I thought Amex capped grocery spending.?.
Starting when your card renews. So starting Feb, only on 6K. Once that is exhausted, I will switch to Penfed for 3% uncapped, but the glory days of BCP are gone.
Ohh ok.
Do you own a restaurant or something, because still, 19k is a alot on groceries lol
EDIT: I just read about your small plastic groceries lol
My fiancee and I spent 15k on groceries last year, and there's only 2 of us plus a dog. It's possible.
AF cards are primarily geared towards high-spenders. If you don't spend very much, they probably won't work for you.
@bs6054 wrote:No, we work in drug and gun smuggling, hide them in groceries and send them to the destination. Oops, probably shouldn't have said that.
I don't have a problem paying an AF on rebuilders either; the 120 or so I'm spending in AF's this year is absurdly trivial if it even knocks off a fraction of a percentage point in my eventual mortgage interest rate.
AF's much like subprime interest rates on loans don't last forever if you don't fall into a spend category which justifies an AF, and access to cheaper money is very much worth a comparitively small investment in annual fees.
Edits: fun with the lithium quote function!
15K for 2 people seems a little on the high side, but 20K for a family of 4 or even 3 is totally normal.
I have earned 90,000 points ($1800) on my flexperks card since I opened it in June. I find that worth the $49 AF that is waived with $2k monthly spend.
I also find the $450 AF on the AMEX plat worth it with the 100k MR point bonus, lounge access, and $200 incidental credit.
Generally, I find AF's on starter cards a bad idea. Most of the time somebody can find a way around that if they build a relationship with a bank. Although, the AeroMexico secured card from US Bank seems worthly of its terms for somebody with no/bad credit and no relationship with a bank.