@Anonymous wrote:
@Cred90 wrote:
I realize that I have to utilize one hard to maximize benefits at this stage in my life. Luckily my parents pay my annual fees because I let them be authorized users. Im mainly looking to add some decent cards to my portfolio so that I can have a long history with them.
At the moment, you have a travel card (that how I'd classify the American Express Premier Rewards Gold since it gives the most points for travel) and a category card. A general spending card could be useful, so that's Citi Double Cash, Fidelity Amex or Visa, or Blispay for 2% everywhere, or Capital One Quicksilver, Barclay Cash Forward, or Chase Freedom Unlimited for 1.5% everywhere. Of those, from what I've read the best ones to get are as follows: Quicksilver is the easiest to get and has the easiest rewards system, the Double Cash starts out with low limits and high interest rates but will grow with you, and the Freedom Unlimited is worth it if you have or plan to get a Sapphire Preferred card.
this is 100% correct... you need a general spending card... those would be- 1.5% Cap1 Quicksilver and chase Freedmon Unlimited, Barclay Csh Forward and at 2%- Citi Double Cash and Blispay... I think you should get one out of each category
you said you want a travel card, I would recommend Cap1 QS... super simple to redeem and main thing is no foreign transaction fee! Chase and Barclay just don't live up to QS... They both have 3% FTF fees so international travel is more difficult with them, plus Barclay is 1) really conservative lender 2) Cash Forward has a ridiculous $50 redemption minimum... **bleep**? I don't see how either of those cards complete with QS
@Then I think you need to decide between Citi DC or Blispay... There are pluses and minuses for each and you'll have to decide which one is better for you... if you pay in full every statement, cash back will be applied at the same time for both DC and BP... if you wait till statement cuts, half of your DC cash back will lag a statement behind... BP cash back gets auto posted every month with no minimum... DC has a fairly standard $25 minimum redemption but you can "save up" your cash back and apply it any time (I personally like that option as I usually save up my cash to "apply" it to some purchase... makes me feel happier that I got this tangible thing that I can hold and use, rather than just a lower number online... some people like the auto-credit though... honestly, both are nice options)... BP also offers 0% financing for 6 months on purchases over $200... it's really nice but you gotta be vigilant about paying it down and making sure that this doesn't open a pandoras box of spending that you may not afford... A big downside of DC is that Citi is very consertaive with starting limits... I opened QS and DC the same day... Cap1 gave me $10k @Anonymous% while Citi gave me $3k @Anonymous%... that should tell you how much more conservative Citi is... BP should be a little more generous but they are still fairly new and unproven... their card is legit, but we'll have to find out if they have the staying power long term... it'd be a shame to open the card only fo rthem to go under a year later... Overall: DC is a much more conservative card... I would think BP is overall a better card, more of a homerun swing... but given how new they are, they might also be a strikeout in a year...
