topic Re: More confused than ever! in Credit Cards

More confused than ever!

hautemama — Tue, 26 Feb 2008 20:42:56 GMT

I appreciate this forum so much. But it seems like the more info I get, the more confused I get. So I am trying to build my credit, and get good credit cards. I have a few sub prime cards that I'm looking to get rid of (Orchard, etc.) I recently got approved for B o A Bankamericard (rewards program) and AMEX. A friend told me to use AMEX instead, because better rewards..? So is the Blue cash the one I should convert to.. (if I plan on spending over 6500). So what about my poor B of A card? Should I convert that to a different card.. Which B of A is best? Thanks so much!

Re: More confused than ever!

Anonymous — Tue, 26 Feb 2008 20:55:41 GMT

you wiil never great rewards with BOA, most likely 1.25/$1 is the best you'll get, especially if you can convert it into 1.25% hard cold cash, but I wouldn't know

Re: More confused than ever!

haulingthescoreup — Thu, 28 Feb 2008 04:08:32 GMT

BofA might not have great rewards, but they do have generous automatic CLI's.

Why is this an either-or? Why not take both?

Re: More confused than ever!

Anonymous — Thu, 28 Feb 2008 18:10:03 GMT

@haulingthescoreup wrote:
BofA might not have great rewards, but they do have generous automatic CLI's.

Why is this an either-or? Why not take both?

EXACTLY! Why not get them both, and wind up with TWO prime cards? Gosh, I sure would given similar circumstances!

Re: More confused than ever!

Anonymous — Thu, 28 Feb 2008 19:41:25 GMT

I also agree that you should take advantage of both cards.

The BankAmericard offers "1.25 points per purchase dollar on every purchase, plus an annual points bonus of 25% of your yearly purchases."

If this is any help, here's the American Express Blue Cash Calculator. You can estimate how much cash back you might receive--

https://www124.americanexpress.com/cards/blue/common/swfs/BlueCashCalculator.swf

Message Edited by psychic on 02-28-2008 11:41 AM

Re: More confused than ever!

Anonymous — Thu, 28 Feb 2008 19:07:07 GMT

I concur with all of the above posters. Especially Sylvia.

Re: More confused than ever!

BBYGRL — Thu, 28 Feb 2008 19:08:05 GMT

I agree. Keep both cards.

Re: More confused than ever!

Anonymous — Thu, 28 Feb 2008 22:38:46 GMT

@Anonymous wrote:
I concur with all of the above posters. Especially Sylvia.

For the first time in my life, I am speechless. LOLROTF!

Re: More confused than ever!

hautemama — Thu, 28 Feb 2008 23:01:13 GMT

Cool thanks!! I was considering only one rewards card, because I wanted to make the most out of it instead of using both and not getting the max rewards. For blue cash, does paying my bills and student loans, etc count towards "general purchases"?

Re: More confused than ever!

Anonymous — Thu, 28 Feb 2008 23:14:16 GMT

Hey if you have been approved for Amex or BOFA, your sub-prime days are long gone!!!! Congrats!