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Lel
Posts: 5,268
Registered: ‎03-18-2008

Re: What's in your wallet/purse, which 5 cc's would you choose


Romeoo47 wrote:
Lel, I orginially had the Discover Open Card.  Then I received the dreaded CC letter that reduced the cashback amount on gas and said that the card was not being offered anymore (the card is currently being marketed with different rewards).  Anyway, I PCed to the Discover More which gives 5% on various things quarterly.  At least one quarter or month a year they offer 5% back on gas but I think it is capped. 

Oh yes, I do recall seeing an ad that described this sort of rewards program.  I thought about it, but decided that I wound never remember which month would be the gas rebate month.

 

Sorry for the TJ - back to the regularly scheduled programming.

Regular Contributor
D_Boone
Posts: 207
Registered: ‎02-04-2008

Re: What's in your wallet/purse, which 5 cc's would you choose

I'm not sure that I could cut down to just 5

 

Currently I'm carrying Chase/Marriott premiere  Visa signature

BoA Visa Signature

Amex Hilton Hhonors Surpass

Ameriprise MC world elite

Citi Diamond preferred world mastercard

Discover Escape

Chase Sapphire

 

A few other generic visa/mc/store credit cards.

Got rid of my amex charge cards. No real use for them. 

2/2008-EQ-660-EX-672-TU-686
2-29-08 EQ-697-EX-706-TU-699 7/2008-EQ-741-EX-741-TU-765
Established Contributor
Ulan
Posts: 790
Registered: ‎09-09-2008

Re: What's in your wallet/purse, which 5 cc's would you choose

As I only have 5 credit cards, the decision which to carry is very easy at the moment:

 

Costco Amex (3% gas and restaurants, 2% travel, otherwise 1% flat)

Discover More (for the 5% categories only, sometimes for the secure online numbers)

Chase Amazon (3% at amazon, 2% in drug stores)

WF Visa Signature

Alliant Visa

 

If I had the choice, I would replace two cards by something like the 2% Schwab Visa, and probably the Citi Forward, as I'm a book junkie (would have to look at the rewards program first, though). Nevertheless, the last two cards in existing the list are more of the no frills, but higher limit type (both have 1% rewards flat), so they are still worth having, though not necessarily for everyday shopping.

 


Lel wrote:

Oh yes, I do recall seeing an ad that described this sort of rewards program.  I thought about it, but decided that I wound never remember which month would be the gas rebate month.


Well, I guess you would, as you have to sign up for everything in order to get the 5%. Checking my rebate categories at least 4 times a year, and maybe more because of the special months, became a habit for me.

Established Contributor
Ulan
Posts: 790
Registered: ‎09-09-2008

Re: What's in your wallet/purse, which 5 cc's would you choose


Kiwill wrote:
I am very surprised that AmerEX isn't at the top of everybody's list.  I've thought that if you qualify for an AmEX, then more people would jump to the opportunity...next to CU's :smileywink:  What is the difference between all the AmEX cards and Discover cards? 

You need high income for most Amex cards to be worthwhile. For me, it wouldn't be a financially sound choice. I have the sole Amex card that fits my income category.

Frequent Contributor
tonsers
Posts: 431
Registered: ‎02-07-2008

Re: What's in your wallet/purse, which 5 cc's would you choose

The five I carry:

 

BofA Visa Signature

BofA AmEx Rewards

Discover Miles

Chevron

Macy's

Valued Contributor
Jazzzy
Posts: 2,652
Registered: ‎07-29-2009

Re: What's in your wallet/purse, which 5 cc's would you choose

1) Delta AmEx (for airline miles)

2) PenFed Visa (5% gas / 2% groceries / cell phone warranty)

3) Discover (for 5% categories only, and only up to their measly max...x2 because we both have cards)

4) National City Travel Rewards Visa (1 1/4% cash back towards travel...use this card if someone doesn't take AmEx and charge doesn't fit into one of the PenFed or Discover categories)

 

I don't have a number 5...just a couple more cards that we don't use but put a minor amount on to keep alive.

 

My rewards goal is to truly maximize airline miles. We travel a lot, and the deals I can get at the last minute are great. I can save hundreds of dollars on tickets. My Delta AmEx has a $95 fee after the 1st year (which hasn't come around yet). I will call AmEx before my 1-yr anniversary, and may be willing to PC and pay a higher fee if it can mean more miles.

 

And...yes...my cell rings often with my husband asking, "Now...WHICH card do I use for xxx?" But, he looked at the cash back on our last PenFed statement and said, "Hey...that's more than a free tank of gas each month." There it was in terms he understood...

Regular Contributor
FocusOnFICO
Posts: 180
Registered: ‎05-01-2009

Re: What's in your wallet/purse, which 5 cc's would you choose

I currently carry:

 

  • Credit Union ATM (main banking)
  • PenFed Rewards Visa
  • Amex Blue Cash

 

Rounding out my top 5 (at home):

  • Simmons Platinum Visa
  • First Command Platinum Visa

 

I am happy with my current cards and could let the other 5-6 ccs go, if I had to pare down to 5.


Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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Frequent Contributor
Peach8321
Posts: 274
Registered: ‎12-31-2008

Re: What's in your wallet/purse, which 5 cc's would you choose

Just a round up of what has been said on this thread:

 

Most of you like your Discover cards (Open, More ranked highly)

Next is the Costco Amex

Then PenFed Visa

Then Chase Freedom and BoA Visa and Amex Blue

and then individual favorites from there...

 

I'm surprised since a lot of other times, people seem to brag about the NFCU, USAA, etc cards and here they aren't ranking highly...makes me think I should be getting that Discover More I've been debating or that Costco Amex ;-)

 

Mine currently are:

 

USAA Amex

USAA MC

VS

and some debit cards

Current Scores: EQ: 740 (2/7/13)


Starting Score: 799
Current Score: 762
Goal Score: 800

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Frequent Contributor
Kiwill
Posts: 328
Registered: ‎09-01-2009

Re: What's in your wallet/purse, which 5 cc's would you choose

NFCU is rated very high among among myfico members however, not everyone qualify to join, so that is the gap on Navy Federal Credit Unin.  I'm not sure the reason for USAA not being very popular on this thread. 

 

NFCU will for sure be my 1st app when my score goes above 760, then Discover "More" might be my 2nd, Cosco AmEX 3rd and Chase product change to Chase Freedom.  So far, based on evryone's top 5 and reasons why, these will be my top 5 cards later this year when my score is 760+ are:

 

NFCU [haven't decided which product yet]

Discover More

Cosco AmEx

Chase Freedom

Macy's Store Card(Because they have been soo generous to me since opening my account]

 

How would I qualify for PenFed Account?


Starting Score: EQ 729, TU 752, EX ? (1/1/2011)
Current Score: EQ 696, TU 718, EX 686 - PSECU (5/17/2011)
Goal Score: ALL 800+ by December 31, 2011

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Established Contributor
orl2185
Posts: 777
Registered: ‎03-07-2007

Re: What's in your wallet/purse, which 5 cc's would you choose

Nordstrom Sig Visa

NFCU CB Visa

NFCU PL Visa

JFCU PL Visa

NASAFCU PL Visa


Starting Score: 621
Current Score: 784
Goal Score: 800


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