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@700orbust wrote:
Thanks to the forum, I have a few excellent cards at my disposal.
Amex Blue Cash Preferred: 11.5k
@Anonymous Platinum @Anonymous.99%(v): 15k
@Wells Fargo Platinum @ 10.99%: 6.5k
Because the Amex is a rewards card, the apr is irrelevant (I think it's 19.24%, 0% through 12/11), PIF.
I have put about 6k through the BCP this month, which is about right for my monthly personal spending. I buy a lot of gas, groceries, and clothes. However, I also have a business, and I could really push some money through a good rewards card with it.
I have picked two cards that I may find beneficial, let me know if I'm missing something.
Citi Forward: I eat out A LOT. I also love Amazon :-)
Cap1 Venture: I travel a decent amount, but hop airlines often. I like how this card will work with any airline.
I've had a Cap1 Platinum for 11 years, got my first CLI in December for $3000. Card is about 9% util for this year. I know the Venture can be a tough one to get and cost an INQ on each CRA...
Thoughts?
Congrats! You're doing great. I'd pick Citi over Capital One. You stand a chance of getting regular CLIs with Citi. As for as customer service, they both sucks!!
Here is my insight.
Capital One Venture - 2% cashback on everything provided that you redeem rewards toward travel expense (airlines, hotel, rental car, etc). With no AF for the first year, it easily beats Discover Escape. Capital One's reward structure is simpler compare to other competitors. Another good thing about Capital One is lack of foreign transaction fee, perfect for those who travel. However, you need to spend over $8,000 per year starting from second year to make this card worth while. People looked down on Capital One because lack of customer initiated CLI.
Venture - 2%, $59 AF
$8,000 Spending = 16,000 miles = $101 off towards travel expense after offsetting AF.
VentureOne - 1.25%, No AF
$8,000 Spending = 10,000 miles = $100 off towards travel expense.
If you will not spend over $8,000 then go with Capital One VentureOne card.
Citi Forward - 5pts for Amazon, restaurant, and entertainment. 1pts for other transaction. Keep in mind that ThankYou point keeps getting depreciated. So in reality you get 3.2% return for Amazon, restaurant, and entertainment. 0.7% return for other transaction. As you can see, if you plan on using Forward card for Amazon, restaurant, and/or entertainment expense, then it is an excellent choice; but not so for other transaction. Citicards are known for generous credit limit, and easier to get approved. Citi Forward also comes with virtual account number. Keep in mind like other cards, Citi Forward charges 3% foreign transaction fee.
You should base your decision on card features and reward structure, not complaints torward CSR and lack of CLI. As complaints torward CSR and lack of CLI are not an overall picture.
Then you should go for both cards.
JP Morgan The Ritz Carlton Card...you can rack up some serious hotel staying with it..I just got it
http://www.requestritzcarltoncard.com/search?CELL=6RRW&MSC=IQ36563028
@700orbust wrote:
Thanks to the forum, I have a few excellent cards at my disposal.
Amex Blue Cash Preferred: 11.5k
@Anonymous Platinum @Anonymous.99%(v): 15k
@Wells Fargo Platinum @ 10.99%: 6.5k
Because the Amex is a rewards card, the apr is irrelevant (I think it's 19.24%, 0% through 12/11), PIF.
I have put about 6k through the BCP this month, which is about right for my monthly personal spending. I buy a lot of gas, groceries, and clothes. However, I also have a business, and I could really push some money through a good rewards card with it.
I have picked two cards that I may find beneficial, let me know if I'm missing something.
Citi Forward: I eat out A LOT. I also love Amazon :-)
Cap1 Venture: I travel a decent amount, but hop airlines often. I like how this card will work with any airline.
I've had a Cap1 Platinum for 11 years, got my first CLI in December for $3000. Card is about 9% util for this year. I know the Venture can be a tough one to get and cost an INQ on each CRA...
Thoughts?