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Currently I have a secured card with a CU. It has no AF. I use for all my spending except rent. Everything goes on the card. It only has a 1000 dollar limit. I pay it off every week when I get my paycheck. I never pay any interest. It currently gives me 1 point for every dollar I spend. I plan on using the points to take a vacation, prolly buy a plane ticket. They cost 20k points. I am looking at getting a new CC that offers a better reward (dollar amount value) than what I have with no AF. I would prefer a CU, but since I won't pay interest, I guess a big bank is OK. I spend about 15-20k a year on the card, with the amount increasing the next few years. Does anyone have suggestions? My credit history is about 7 years long. I haven't looked lately, but my score should be above 700. Thanks!
What are the items you spend the most money on monthly? Without knowing that...Chase Freedom, Discover More, Amex Blue Cash are some that come immediately to mind.
20-25% is fuel for my car
20-25% is groceries bought at Fred Meyer
80 is cell phone
60 is car insurance
the rest is just random places....
Tuiton 3x a year paid to university
*edited to add tuition*
Discover or Chase Freedom maybe
Sounds like the Amex Blue Cash Every day card would be a pretty good fit:
• Earn 3% cash back at supermarkets.
• Earn 2% cash back at gas stations and department stores.
• Earn 1% cash back on all other eligible purchases
Assuming 25/25 and 1% on everything else that's an average of 1.75% which is pretty good.
Another I kind of like is Nasa FCU's Platinum Cash Rewards which is tiered and not dependent on spending type:
I'm sure there are others to consider as well!
Maybe the BofA cash rewards 123 card or the Amex Blue cash for your spending habbits.
With that level of spending the BCP's annual fee wouldn't be a factor.
@drkaje wrote:With that level of spending the BCP's annual fee wouldn't be a factor.
It's hard to estimate because it depends on how much you personally spend on each categories. I found a nice online calculator where you put in how much you spend and it'll calculate the cashback amount so you'll see which card will give you the most cashback:
http://www.creditcardwatcher.com/amex-blue-cash-rebate-calculator/
@Crashem wrote:
Penfed plat rewards. 5pts gas 3pts groceries Great cu but conservative lender but once in very generous and great rates Amex blue cash everyday 3% groceries 2% gas and department stores cash back
Second the PenFed Platinum Rewards card! The program is still fairly new, but they have decent redemption offerings (including 1:1 cash with a $50 minimum) and it's issued by a CU, as you indicated you would prefer.