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What card should I get next?

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dearppl
Contributor

What card should I get next?

Hi. I am currently shopping for a new credit card and here is my situation.

 

Already have four cards (see my signature). I use Citi Forward for 5x TYP at restaurants, and I use AMEX BC for gas and grocery at 2%-3% cash back. I spend roughly 150-200 on gas every month, and I feel like I could be getting more cash back if I get a Sallie Mae reward card (5%) or PenFed Platinum Rewards which is also ~4.2% cash back. 

 

Or should I consider a premium card such as CSP? I always PIF, and my credit score is around 760 I believe. My AAoA is about 4 years and credit history is roughly 6 years. 

 

Thanks!

Message 1 of 4
3 REPLIES 3
Kenny
Moderator Emeritus

Re: What card should I get next?

Why would you want a CSP if you get 5x TYP at Restaurants? Just curious.. because they say it's "premium". :-/ Eh, not me. Whatever doesn't make money, doesn't make a whole heck of a lot of sense nor cents to me.

If I had 5x TYP I wouldn't have apped for CSP, but I also don't value the CSP in some other ways as others, as well.

If you spend that much in gas, I would think the 5% cash back on Sallie Mae would be perfect for you.. not to mention the 5% on Groceries up to 250 a month as well so that would really take away some money from being used on BCE.

Either way you go, you're in a great situation. You can pick whichever card you'd like I'd think. Run the numbers and see what really is important to you and what you spend normally on -- and find the card that will make the biggest dent. Smiley Happy

Best of luck and great job so far! Smiley Happy
Message 2 of 4
dearppl
Contributor

Re: What card should I get next?


@KennyS2006 wrote:
Why would you want a CSP if you get 5x TYP at Restaurants? Just curious.. because they say it's "premium". :-/ Eh, not me. Whatever doesn't make money, doesn't make a whole heck of a lot of sense nor cents to me.

If I had 5x TYP I wouldn't have apped for CSP, but I also don't value the CSP in some other ways as others, as well.

If you spend that much in gas, I would think the 5% cash back on Sallie Mae would be perfect for you.. not to mention the 5% on Groceries up to 250 a month as well so that would really take away some money from being used on BCE.

Either way you go, you're in a great situation. You can pick whichever card you'd like I'd think. Run the numbers and see what really is important to you and what you spend normally on -- and find the card that will make the biggest dent. Smiley Happy

Best of luck and great job so far! Smiley Happy

Thanks! I have the grandparent Citi Forward card which gives me 5x TYP on dining and Amazon. Hopefully they don't take it away any time soon... 

 

Message 3 of 4
jesseh
Frequent Contributor

Re: What card should I get next?

I agree with Kenny, 5% cash back on groceries and gas (although only over max 250$) as supplied by the Barclays Sallie Mae rewards card sounds like it's made for you Smiley Wink

Cards: BCE 24k 5/'17 | CF 12k 10/'15 | IHG 12k 10/'15 | HH 6k 6/'18 | DS It 6k 3/'15 | TR 5k 11/'15
Scores: 760-770 | Inquiries: 0-1 | Utilization: 0-10% | AAoA: 3yrs | Bank: Ally | CU's: Navy & Pentagon
Message 4 of 4
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