I've seen a whole lot of Cosco AmEX cardholders here, why is this the preference over the blue? Is it the ease to get the card? I'm not soo interested in rewards points or cashback just to use my cc unless I knew I could pay in full each month. I would be very interested in a favorite cc that offers gas rewards though, which one would be a good choice?
PenFed gives 5% back on gas at the pump.
eaine829 - AmEX pulled Experian for me in the past and as recent as late last year. The inquiries on my EX report are rediculous, when I got the letter back from them, it mentioned having too many inquiries and high revolving debt. How many inquiries is too many for this card? What is a safe util. level?
ETA: I just checked my most recent EQ report (1/15) and my util had gone down from 68% to 54% and this doesn't even include the additional $2,900 in CLI's I received and payments since that date, Whoo Hoo!!! I guess I'm closer to my prime cards like AmEx then I thought!!
the card fits well into my lifestyle (i.e., personal preference). I love the 3% cashback on dining. I also get 3% back on gas (whenever I'm not getting 5% back from Discover) and 2% back on travel. In addition, Costco is 5 minutes from my house. Board members seem to speak very highly of PenFed. I think they give 5% back on gas (correct me if I'm wrong). Message Edited by haulingthescoreup on 01-30-2010 07:45 AM
I use AMEX Costco for dining and Costco, Penfed for gas and groceries I don't buy at Costco (don't always want 96 rolls of toilet paper).
I've seen a whole lot of Cosco AmEX cardholders here, why is this the preference over the blue?
Simple numbers. For low and medium income, the Costco Amex has the better rewards than the Blue. The Blue is better if you push lots of money through it.