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Valued Contributor
thom02099
Posts: 1,323
Registered: ‎08-30-2011
0

Re: IF you could have only ONE credit card, what would it be and why?

[ Edited ]

SleezeBall wrote:

IF you could have only ONE credit card, what would it be and why?  role play for a minute, you just won the $500M powerball, used your attorney to hide your identity, cashed it out and paid off all your bills, setup a trust fund that is being professionaly managed for investment return -- basically money no object, your credit is now steller, but you want to simplify your life.  what credit card would you choose and why?


Given this premise, the card companies would be knocking on your door with personal invitations to their "exclusive" club!  Here's who's likely:

1 - AMEX Centurion

2 - JP Morgan Palladium

3 - AMEX Platinum

4 - Merrill Accolades Card

 

According to one site, those are the most exclusive cards with the best benefits, available to Americans.  My personal choice would be the JP Morgan Palladium card, would be able to do everthing that I need a card for. 

 

AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 768 EQ = 828 TU = 834 - June/2014
Senior Contributor
youngandcreditwrthy
Posts: 6,204
Registered: ‎08-16-2012
0

Re: IF you could have only ONE credit card, what would it be and why?

Amex Centurion requires an INVITATION, right?!??!!!

I'd like that card obvi. If not, I'd say Amex Platinum. And paying cash, even if you are extremely wealthy..doesn't make sense. People with wealth like that typically use credit MORE statistically speaking, as a financial tool. I'm not giving up cash back!!! Lol

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
ukimafija
Posts: 127
Registered: ‎08-13-2012
0

Re: IF you could have only ONE credit card, what would it be and why?

Penfed Platinum Rewards   Visa Platinum.

Why? I would be covered and i would be getting cahback on stuff i spend the most: 3% on groceries and 5% on gasoline. No Foreign transaction fee and no Cash advance fee and APR 9.99

That is my next CC that i am going to apply, although i got those categories already covered, I want that Penfed membership and CC....

BOA Cash Rewards Visa Sig. 12K; BOA Travel Rewards Visa Sig 5K, US Bank Cash+ 11.5K, AMEX BCE 6200, AMEX BLUE Sky 7K, Chase Freedom Visa Sig. 5400, Fort Knox FCU Visa Platinum 2500; CAP ONE Cash Rewards WORLD MC 5K

Starting Score: 580
Current Score: 747
Goal Score: 800+


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Valued Contributor
creditnocash
Posts: 2,223
Registered: ‎07-23-2012
0

Re: IF you could have only ONE credit card, what would it be and why?


ukimafija wrote:

Penfed Platinum Rewards   Visa Platinum.

Why? I would be covered and i would be getting cahback on stuff i spend the most: 3% on groceries and 5% on gasoline. No Foreign transaction fee and no Cash advance fee and APR 9.99

That is my next CC that i am going to apply, although i got those categories already covered, I want that Penfed membership and CC....


you mean you wouldnt hire someone to do all that stuff for you?

Current: Discover Fico 689 8/14 Walmart Fico 697 8/14

Inquiries (24 Months): EQ 2 TU 0 EX 0 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Contributor
ItchyAppFingers
Posts: 96
Registered: ‎07-31-2012
0

Re: IF you could have only ONE credit card, what would it be and why?

I would have to say the Chase Sapphire Preferred. Why? Good looking card, all metal, cashback, hotel perks, and everything else i could ever want in a card. Its also excepted everywhere. If Amex was excepted everywhere I would have chose the Gold Premier Rewards or the Centurion.
My Current Plastic: {Amazon Store Card} {Amazon Visa} {Amex Zync} {Amex Gold PRG} {Amex BCE} {Bloomingdales} {BOA 123 Cash Rewards} {Capital One Platinum Visa} {Chase Freedom Visa} {Discover IT} {Kohls} {Macy's} {Nordstrom} {SonyCard Visa} {Target RedCard}
Established Contributor
CruzImperial
Posts: 867
Registered: ‎07-04-2012
0

Re: IF you could have only ONE credit card, what would it be and why?

I would rip apart all my ccs and swipe my butt with a nice big fat roll of $100 bills... everyday.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |

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