topic Re: if you had to pick one card in Credit Cards

if you had to pick one card

Anonymous — Mon, 01 Aug 2016 01:54:09 GMT

What would you choose if you could only own one card?

Re: if you had to pick one card

elim — Mon, 01 Aug 2016 01:55:24 GMT

Chase Ritz

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:03:48 GMT

I would have the American Express Platinum!

However, if it has to be one I currently have, it would be the Amex EveryDay. You can see the common theme amongst my choice cards...

Re: if you had to pick one card

bz386 — Mon, 01 Aug 2016 02:04:03 GMT

If it was one credit card, it would certainly be the Chase Sapphire Preferred. If it was one card (full stop), I would say the Schwab debit card - no rewards, but also no fees whatsoever, anywhere in the world.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:13:10 GMT

@Anonymous wrote:
What would you choose if you could only own one card?

If I could only own one card. That is a tough call. If SPG was not Amex, that would 100% unequivocally be the answer. But since 10% of the time amex isnt accepted, that couldn't be my only card. (BTW I don't think we ever "own" the card and it is property of the issuing bank, not to nitpick but just popped into my head)

I would want the card to be like sams club mastercard, but not have such a high APR, or at least have BT offers. Because of that, I will have to say if I could only have one card, it would probably be (thanks to themanwhocan) The Security Service Power Travel World Mastercard.

https://www.ssfcu.org/en-us/loans-credit/credit-cards/Pages/travel-rewards.aspx

Purchase apr of variable 10.25 to 11.25%. BT 7.9% fixed, no ftfs, no cash advance fees, no BT fees, and even 0% for 6 months on cash advances. 3.3% cash back on gas, travel, and dining, and 1.1% on everything else.

Highly thinking about SOMEDAY taking a college class for CEUs or volunteering in their TX, CO, UT area just to qualify for this one.

Excellent question OP and great for discussion but these answers will vary wildly on a case by case basis. All comes down to income, how they manage their money, if they travel, etc. Excited to see some unique responses in this one!

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:14:03 GMT

First Premier.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:20:57 GMT

CSP or Amex PRG.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:23:29 GMT

BCP for sure...groceries and gas are by far my largest expenses, and I buy most of my clothes at Kohl's, which is part of "select department stores."

Re: if you had to pick one card

AverageJoesCredit — Mon, 01 Aug 2016 02:32:55 GMT

One that allowed me to carry a balance if needed without penalizing for it

In Seriousness, a Discover only cuz i cant have one

Re: if you had to pick one card

creditguy — Mon, 01 Aug 2016 02:35:47 GMT

One that's got available credit and works when I slide it or the BCP.

Re: if you had to pick one card

thummel — Mon, 01 Aug 2016 02:35:59 GMT

Probobly by CSP. Probably has the most benefits I could ask for and the annual fee I can justify. The rental car insurance saves me a ton of money.

Re: if you had to pick one card

BeeH11 — Mon, 01 Aug 2016 02:37:55 GMT

Chase Sapphire Preferred. I eat out a lot.

Re: if you had to pick one card

lokobo — Mon, 01 Aug 2016 02:40:39 GMT

Blispay! (Assuming it will be around for many years)

Re: if you had to pick one card

SouthJamaica — Mon, 01 Aug 2016 02:43:44 GMT

@Anonymous wrote:
What would you choose if you could only own one card?

Barclay Ring card.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:46:07 GMT

Blispay.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 02:57:51 GMT

Amex Platinum.

Re: if you had to pick one card

Coolermaster007 — Mon, 01 Aug 2016 03:41:18 GMT

Excellent choice South J.the Barclay Ring card by far the most overall complete long term card in my wallet MC accepted literally everywhere,Single digit APR,Cash Advances for $3 bucks,No BT fees,No foreign fee & you can write checks to yourself come on now lol...

Re: if you had to pick one card

Imperfectfuture — Mon, 01 Aug 2016 04:49:52 GMT

One's credit report would suffer with only one card.

So, must have three.

Re: if you had to pick one card

yfan — Mon, 01 Aug 2016 04:57:38 GMT

@Anonymous wrote:
What would you choose if you could only own one card?

The Citi Costco Visa, without a doubt. It's a great card, and I'm very loyal to Costco.

Re: if you had to pick one card

Anonymous — Mon, 01 Aug 2016 05:17:07 GMT

If it was just one?

Well, worldwide acceptance would be one criteria, so not Discover.

Amex may not be accepted everywhere (though it seems to be accepted everywhere that 'matters', at least to me).But could there be an emergency at a gas station in the boonies.

So, Visa or Mastercard.

So many of the cards out there seem to give in one area and take away in another. Good rewards, higher APR. I would want a basic low APR card issued by a major bank.

Although I don't intend to carry a balance, what if I need to?

So, I guess out of the ones I have, my Citi Diamnd Preferred is 7.49 percent interest, accepted just about everywhere, No AF. A good solid basic card.

No rewards, but even though those are nice, they really add up to an insignificant amount in the grand scheme of things. I could get more money brown bagging for a month. Others may have a different experience.

If I spent a WHOLE lot on credit cards, and knew I would never ever need to carry a large balance in the future, then a standard 2% card like Citi DC. But $25k in a year on that card would give me $500. I'd be saving more than that in interest if I got stuck carrying a balance for a few months. .