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Regular Contributor
WIDSMI
Posts: 119
Registered: ‎05-21-2008
0

Which card would you choose?

I need to choose between 2 different credit cards...



Fidelity 2% Amex.... or the PenFed cashback rewards



The only advantage I see with the PF card is that you get cash back that month and you get 5% on gas....



So here is my delima... I usually get my gas at Costco which is usually more then 3-5% chaper then most stations around and they only take Amex so I couldn't use the Penfed card there...



With the Fidelity Amex I get 2% on EVRYTHING... Penfed is 1.25% on all other purchases I think....



I know most places may not take Amex... so I was thinking I would get a Fidelity Visa as well.... 1.5% cash back on Everything....



What would you do???? I am thinking about just getting the Fidelity amex and visa and have my rewards go directly into my IRA.... but what would you do???


FYI--- ALL CARDS WILL BE PAID IN FULL....I DO NOT CARRY A BALANCE
Epic Contributor
Creditaddict
Posts: 22,037
Registered: ‎10-23-2007
0

Re: Which card would you choose?

not sure where you live, but these days almost everyone except maybe small independent stores take amex.

so I would go with the best rewards for you and 2% plus gas sounds like best option for you 

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
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66 Cards and Counting :smileytongue:
Frequent Contributor
TangMeister
Posts: 456
Registered: ‎07-09-2008
0

Re: Which card would you choose?

OP, sounds like you're leaning toward the Fidelity Amex, but then you say you may pick up their Visa as well?  So that's two accounts you're thinking of adding.  If that's the case, I'd get the Fidelity Amex and the PenFed Cash Back Visa.  That gives you more diversity....two lenders....and PenFed is incredibly generous once you're in with them.  I use PenFed for the 5% gas and 2% groceries regularly.  It's my "go to" card and the best card I've ever carried.  The monthly statement credit with no minimum threshold to cash in the rewards is awesome.  Good luck.

Frequent Contributor
MyFicoAddict
Posts: 284
Registered: ‎05-11-2009
0

Re: Which card would you choose?


Creditaddict wrote:

not sure where you live, but these days almost everyone except maybe small independent stores take amex.

so I would go with the best rewards for you and 2% plus gas sounds like best option for you 


Credit,

 

I know you like AMEX but sooo much? lol.. :smileytongue: You should be an ambassador for AMEX!!!

 

Anyway, I have the penfed visa and absolutely love it. Its a visa so accepted almost everywhere and the cash back rewards are amazing - I just charged about 1k on it and pif before statement cuts mid month next month and its a CU so cust service is excellent and once the r/ship builds you should be golden in the future.

 

However, if you were going to get the amex and the visa - might as well get the amex and the penfed!

Aim to be fiscally and physically fit...
EQ - 723 FICO as of Aug 2010
TU - 757 FICO as of Sept 2010
EX - 742 FICO as of Oct 2010 (PSECU)
Frequent Contributor
Karatz
Posts: 318
Registered: ‎09-25-2008
0

Re: Which card would you choose?


MyFicoAddict wrote:

Creditaddict wrote:

not sure where you live, but these days almost everyone except maybe small independent stores take amex.

so I would go with the best rewards for you and 2% plus gas sounds like best option for you 


Credit,

 

I know you like AMEX but sooo much? lol.. :smileytongue: You should be an ambassador for AMEX!!!

 

Anyway, I have the penfed visa and absolutely love it. Its a visa so accepted almost everywhere and the cash back rewards are amazing - I just charged about 1k on it and pif before statement cuts mid month next month and its a CU so cust service is excellent and once the r/ship builds you should be golden in the future.

 

However, if you were going to get the amex and the visa - might as well get the amex and the penfed!


+1

TransUnion/Equifax
746/754
Date: 9/24/2009/10/02/2009
Regular Contributor
-RED
Posts: 231
Registered: ‎08-07-2009
0

Re: Which card would you choose?

AMEX Is over-rated, I'd Go w/PF!
-800 or Bust...!
Contributor
wajj
Posts: 79
Registered: ‎10-09-2008
0

Re: Which card would you choose?

If you're paying in full, consider getting both.  The Fidelity AMEX is an EX (and maybe TU also) pull while PenFed is an EQ pull.  They won't see each other. 

 

Use PenFed for gas away from Costco and for the odd grocery purchase (2% reward there matches the AMEX reward) and use the AMEX for everything else.


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