topic Re: Only 3 cards... Which ones in Credit Cards

Only 3 cards... Which ones

Anonymous — Sat, 06 Feb 2016 13:18:56 GMT

hello all!

First time poster, but I've been reading for months now.

I recently app'd for 2 rewards cards last December. The Blue Cash Preferred and the Citi Double Cash. I've been using both of them, and so far have reaped the rewards on my citi card. My AMEX is slow at issuing rewards I've noticed, but I digress.

I was thinking about getting a 3rd card, maybe with revolving rewards categories. Maybe the Chase Freedom, Discover It... Etc.

If you could only carry 3 rewards cards, which would they be?

Re: Only 3 cards... Which ones

Gmood1 — Sat, 06 Feb 2016 13:29:47 GMT

It's a toss up on the Freedom or Discover. Both offer basically the same rewards. The Freedom may have more wiggly room. Since Chase has soooo many cards. Some of which allow you to share rewards.

I'd go probably Freedom only because I'd double app them for another card at the same time to maximize the HP.

Re: Only 3 cards... Which ones

Callandra — Sat, 06 Feb 2016 14:19:52 GMT

I would look at what you really want in the rewards card; a lot of people like the rotating categories, I do not (my Freedom is sockdrawered). If you can make use of the categories, it might be worth it. Discover is better for pure cashback but Freedom is better if you are interested in UR points (and want a CSP/another card that allows transfers further down the line). Freedom is a Visa and has wider acceptance than Discover if that matters to you.

Re: Only 3 cards... Which ones

takeshi74 — Sat, 06 Feb 2016 14:37:48 GMT

@Anonymous wrote:
If you could only carry 3 rewards cards, which would they be?

It doesn't matter what others would or would not. You need to select cards that suit you. Selecting a card isn't just about the cards themselves. Sort out your needs/wants and use that to select a card. If you want recommendations then give us more information.

If rewards are a priority then you should be looking at where the majority of your spend is going and look for cards that maximize rewards on that spend.

@Anonymous wrote:
I was thinking about getting a 3rd card, maybe with revolving rewards categories. Maybe the Chase Freedom, Discover It... Etc.

While the categories can change form year to year have you look at the calendars for each to see if the categories would benefit you, considering the quarterly caps?

@Anonymous wrote:
My AMEX is slow at issuing rewards I've noticed, but I digress.

Rewards are issued the following cycle.

Re: Only 3 cards... Which ones

Anonymous — Sat, 06 Feb 2016 15:15:12 GMT

I have considered the benefits, and it seems that both the cards I've mentioned have similar rewards categories, with the discover having a slight edge at the last quarter with online shopping. Helps during Christmas time.

I will disagree with you on the fact that it doesn't matter what others would or would not... Everyone has their reasons, and I wanted to know their reasons/opinions, hence why I asked the question.

i just opened my Amex card, I haven't received any rewards yet, after 2 billing cycles.

Re: Only 3 cards... Which ones

Closingracer99 — Sat, 06 Feb 2016 15:39:45 GMT

@Anonymous wrote:
I have considered the benefits, and it seems that both the cards I've mentioned have similar rewards categories, with the discover having a slight edge at the last quarter with online shopping. Helps during Christmas time.

I will disagree with you on the fact that it doesn't matter what others would or would not... Everyone has their reasons, and I wanted to know their reasons/opinions, hence why I asked the question.

i just opened my Amex card, I haven't received any rewards yet, after 2 billing cycles.

You want to ask for my opinion? I have like 26 cards on my account with 2 closed by me with probably some more closings since I barely use them. For the moment I am putting about 99.99% of my general spending on my citi Double cash and the 0.01% on my Amex for Costco shopping. After i get my AA card I will probably do 33% on my Amex Hilton card, 50% on my citi AA card and the rest of the 17% of my spending on my Citi Double cash card. I did just buy Airplane tickets on my Discover card thinking it would be 5% CB but i didn't realize it was only ground transportation which sucks but oh well

To keep my other cards active I am putting charges like $0.50 purchases of Amazon gift cards onto the cards so they won't close though.

Re: Only 3 cards... Which ones

Anonymous — Sat, 06 Feb 2016 15:51:02 GMT

There are benefits to both the Freedom and the Disco.

The Freedom has a longer 0% intro and a $150 credit if spending $500+ in the first 3 cycles. CLI's are HP's I believe.

Disco offers double cash back for the first 12 months. CLI's are SP's for the most part. (and they ask for authorization if they need to do a HP, which is nice)

I recently got both. I like that, even though this quarter the bonus catagories are the same, next quarter they are not. (restaurants for Disco and groceries for Chase) So, next quarter the Chase will get more use than the Disco as I rarely eat out.

I also have a Barclays that is nice as it is the only one I know of that gives a bonus for utilities. (cell bill, cable bill etc.) It's not as nice as the 5% on the other ones, but it's better than nothing.

As other have mentioned, figure out what you spend the most on and what out of those is not already covered by one of your current cards and go for that.

Re: Only 3 cards... Which ones

newhis — Sun, 07 Feb 2016 19:30:38 GMT

I really love Discover.

With it you can get:

double cash back for first year
good CLIs, several each year
special 0%/12 months promos
get lower APR every 6 months
get $25/$50 gift cards for $20/$45 cash back
TU FICO
my wife got extra category for a couple of months last year
Discover deals that get doubled after first year, I see 5%, 10% even 20% cashback offers, so that will be 10%, 20% and 40%

I don't know if I'm missing something. Good luck.

EDIT: I was lucky enough to have it when they ran the Apple Pay promotion, 10% for every purchase with it and I'll get it doubled in a few months.

Re: Only 3 cards... Which ones

Closingracer99 — Sat, 06 Feb 2016 16:29:55 GMT

TBH the only reason why I have my Discover open is because the card is my one of my 2 oldest card along with my Amex Everday because of backdating I had that card since June 2013. I really don't use the card and I personally think a general 2% CB card is better because while you lose 3% depending on if the 5% is a category with Discover i get 2% o everything which makes it more simple for me to get CB. I have made over $150 in CB since June of 2015 on my DC while I think I made around $120 on my Discover since June 2013

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 03:37:17 GMT

CSP

Even though I do not currently have it, Chase Freedom. (point combination with CSP)

A store card that you shop with often.

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 06:10:22 GMT

Discover IT > Chase Freedom

Only place that one could argue Freedom is better is the initial sign up bonus. Although even there I would take double cash back with discover after one year over 150$ With 500 spend in three months with Chase. My freedom rides in the sock drawer until a category I want it for pops up, while discover is my daily driver.

if you do decide to get the discover IT have someone who has the card refer you. They get 50$ and so will you. Plus it may double, have yet to see anyone who can confirm that though,

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 08:08:36 GMT

CSP, Amex EDP, Discover IT. The first two I don't have yet.

That would give me a cash back card, a travel card and a points card. It'd be a debate whether I would keep the Freedom along with the CSP or roll the limit into the new card.

At most I'll wind up with 4 cards anyway.

Re: Only 3 cards... Which ones

Closingracer99 — Sun, 07 Feb 2016 14:57:08 GMT

@Anonymous wrote:
CSP, Amex EDP, Discover IT. The first two I don't have yet.

That would give me a cash back card, a travel card and a points card. It'd be a debate whether I would keep the Freedom along with the CSP or roll the limit into the new card.

At most I'll wind up with 4 cards anyway.

The EDP Points isn't really that great unless your going to use it for travel and if you Value CSP ultimate reward points then the Freedom is way better then Discover.

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 18:22:42 GMT

I would mix getting bonuses from time to time, and pair that with themanwhocan's charts to get a better idea of what best fits your spend

if you are a big spender there are better cards that do not have capped rewards.

sign on bonuses will help you jumpstart your rewards. and many times folks dont spend 10k+ a year on cards so by then you are better off getting a sign on bonus than worrying about the rewards anyway. just my 0.02.

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 18:54:39 GMT

@Closingracer99 wrote:
@Anonymous wrote:
CSP, Amex EDP, Discover IT. The first two I don't have yet.

That would give me a cash back card, a travel card and a points card. It'd be a debate whether I would keep the Freedom along with the CSP or roll the limit into the new card.

At most I'll wind up with 4 cards anyway.

The EDP Points isn't really that great unless your going to use it for travel and if you Value CSP ultimate reward points then the Freedom is way better then Discover.

(agree but also)...again CSP/Freedom/UR are mostly valuable if your'e going to use for travel. Freedom as a standalone is mostly good for rotating categories and possibly some deals through the UR shopping portal.

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 19:02:32 GMT

@Anonymous wrote:
@Closingracer99 wrote:
@Anonymous wrote:
CSP, Amex EDP, Discover IT. The first two I don't have yet.

That would give me a cash back card, a travel card and a points card. It'd be a debate whether I would keep the Freedom along with the CSP or roll the limit into the new card.

At most I'll wind up with 4 cards anyway.

The EDP Points isn't really that great unless your going to use it for travel and if you Value CSP ultimate reward points then the Freedom is way better then Discover.
(agree but also)...again CSP/Freedom/UR are mostly valuable if your'e going to use for travel. Freedom as a standalone is mostly good for rotating categories and possibly some deals through the UR shopping portal.

Discover has been doing a lot better cash back categories as of late. If I had CSP, Freedom would be a keeper since the two work well together. I do find Discover Deals the better portal for shopping than Chase UR mall. 5% through Apple Online (with DCB that's 10%) as opposed to an additional 2% on Chase mall.

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 19:40:16 GMT

Which cards would be better?

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 19:41:12 GMT

Jfriend33... If you spend thousands a year on credit cards. I funnel all my spending through my rewards cards now

Re: Only 3 cards... Which ones

Anonymous — Sun, 07 Feb 2016 21:28:52 GMT

@Anonymous wrote:
Jfriend33... If you spend thousands a year on credit cards. I funnel all my spending through my rewards cards now

list your categories and estimates of how much u spend in those categories and we will give u some suggestions. eg general spend, gas, groceries, dept stores, travel (air/hotel/ground transport), office supplies, utilities, dining, etc.