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Old 10-19-2015, 09:39 AM   #21
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We use Penfed Visa 5% on gas/2% groceries/ 1% everything else but this card is primarily only used for gas. Rebate is monthly statement credit and no annual fees. Not sure but I think newly issued cards may not get the 5% rebate.

When folks say x% back on everything or x% back on purchases, does that include things like paying bills (e.g. property taxes)? I assumed such clever tactics have been excluded from the rebate.
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Old 10-19-2015, 10:21 AM   #22
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Our primary card is the Fidelity Amex. For small business and other places that don't take Amex because of their steep fees, our secondary card is Chase Sapphire. We also have a Marriott Visa, the last of our hotel/air loyalty cards, because the first 2 are relatively recent and it's good to keep a card with a long history.


We got a LOT of benefits from the airline/hotel cards while I was traveling for business, and it made sense then to add to the accounts with credit card spending as well. I could be persuaded to sign up for another given a hefty bonus (once got TWO AA Visas, each with a 75K signing bonus!), but for the most part the programs have been devalued. In addition, our last expensive trip was to Iceland on Icelandair (not part of any major alliance at the time, but now allied with Alaska). No points would help us there! We loved it so much we're hoping to go again next year.


I've still got 200K AA miles stockpiled, which we'll use eventually. AA miles came in handy for Business Class travel in and out of Boston, our base for the flight to Keflavik. (And yes, I know about not letting them expire!)
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Old 10-19-2015, 10:39 AM   #23
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When folks say x% back on everything or x% back on purchases, does that include things like paying bills (e.g. property taxes)? I assumed such clever tactics have been excluded from the rebate.
We have all bills on autopay through one of our cash-back cards unless they impose a fee that exceeds the cash-back%. Examples of this include our local property tax collector and the locally-owned electric utility. All others, we use a CC and get the cash-back. Some do not accept AMEX, so I get 1.5% using the Fidelity VISA.
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Old 10-19-2015, 10:47 AM   #24
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I'm going to wait and see what the new Costco citgroup visa is like. I'm in the class of 2018 and want to rearrange my cards also. I have an AMEX rewards gold now, and was going to drop AMEX altogether, but will look into the AMEX blue rewards after seeing some of the posts here.
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Old 10-19-2015, 06:06 PM   #25
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I think it really depends on a few things:

1) Your overall spend per year
2) Where you spend is
3) Your penchant to shuffle several cards
4) Do you value cash back or travel rewards/do you have the ability to learn enough to leverage travel rewards to be better than cash back.

FWIW I think that the Chase Sapphire Preferred (CSP) is one of the most overrated cards out there.

I think for a moderate spender who wants travel rewards and just wants 1 card the AMEX Everyday Preferred offers you the best earning potential.

For cash back you're best off getting Citi Double Cash and/or Amex Blue Cash Preferred.

But it's important to analyze your spend, determine your goals, and see what gives you the best return. If you want to give us a little detail on your yearly spending I'm sure I and others can give you great suggestions!
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Old 10-19-2015, 06:26 PM   #26
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Read the terms on the American Blue Cash carefully and see if they mesh with your spending habits. They do not consider warehouse clubs (eg. Costco) to be supermarkets, and warehouse gas stations are not eligible for the gas cash back.
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Old 10-19-2015, 07:31 PM   #27
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discover IT.....1 yr only of doubling normal rewards so for Q3/Q4 10% for amazon.com

Chase AARP 3% restaurants all year
Chase AARP (different one) 3% travel all year
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Old 10-19-2015, 07:33 PM   #28
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When folks say x% back on everything or x% back on purchases, does that include things like paying bills (e.g. property taxes)? I assumed such clever tactics have been excluded from the rebate.
probably not if the fees exceed the rewards..........
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Old 10-19-2015, 08:49 PM   #29
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Barclay Sallie Mae Mastercard for all gas/groceries since 5% on my spending is about $15/month.

Discover IT for everything else. Only had 1 issue of a server tripling my bill and Discover took care of it with just a quick phone call. Plus the shop Discover deals are typically really good.

Oh and Target Redcard since there's not a Walmart around me...
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Old 10-20-2015, 12:58 PM   #30
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FYI Sallie Mae Mastercard is no longer available. Sorry :-/
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Old 10-20-2015, 06:57 PM   #31
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FYI Sallie Mae Mastercard is no longer available. Sorry :-/
Yikes -- Thanks for the heads up.

Since the terms for existing card holders will likely be changing (for the negative) soon, I will need to seek a replacement.

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Old 10-20-2015, 09:14 PM   #32
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Have any of you ER folks had a problem getting cc without an income from work? I plan to ER in 6 months and, since I'm currently working, decided to open some new cc. Over the past week, I've received the Amex BCP (for grocery cash back), CITI double cash as my go-to card, BoA for gas rewards, and Discover IT, US Bank signature visa, and Chase Freedom for rotating cash back 5% categories . The credit report pulls affected my credit score (847 reduced to 830), but I was getting dinged on my score for not having enough accounts open anyway! Now it will be a fun hobby to see how I can maximize my cash back.

Is it hard to get cc after you've retired?




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Old 10-21-2015, 04:18 AM   #33
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Is it hard to get cc after you've retired?

With a good credit score, you can still get credit cards, but I found that the credit limit is lower since it is based on income, not assets. Probably not a concern if you pay it off each month. I am glad that refinanced my mortgage (several times as rates were dropping) while employed, since I doubt I would qualify now.


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Old 10-21-2015, 04:43 AM   #34
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I had been using Fido Amex for 2% cashback on everything, but wanted a card with chip & PIN and no foreign transaction fees for international travel. I got the Barclaycard Arrival Plus Mastercard which gives 2.2% (now lowered to 2.1%) on everything as a statement credit on travel charges. It also offered a $400 bonus and no annual fee for the first year. I may cancel once the $89 annual fee kicks in, or get the free Arrival version just for international use.


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Old 10-21-2015, 07:18 AM   #35
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I don't have a cash back card but may look into one as a back up. I've been using an AA miles card for years. 3 of us travelled to Hawaii from PA free a few years ago.

Next year we're going first class. Free. I calculated the savings and it's more than any cash back card.

If I needed the miles I could have paid DS tuition bill by credit card, but the fee for that was large, since the school did not want to pay the CC company their fee--they wanted me to foot that bill. The school could have afforded it....sigh.


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Old 10-21-2015, 09:29 AM   #36
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I don't have a cash back card but may look into one as a back up. I've been using an AA miles card for years. 3 of us travelled to Hawaii from PA free a few years ago.

Next year we're going first class. Free. I calculated the savings and it's more than any cash back card.

If I needed the miles I could have paid DS tuition bill by credit card, but the fee for that was large, since the school did not want to pay the CC company their fee--they wanted me to foot that bill. The school could have afforded it....sigh.


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Not free--you paid $0.02/point by virtue of not using a 2% cash back card.

The points game is never free travel--it's deeply discounted travel. Something I always have to remind myself.


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Old 10-21-2015, 03:13 PM   #37
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Is it hard to get cc after you've retired?
No. DW has obtained two and she hasn't worked for 13 years and has no income. We think the credit limits are crazy high too, but we have good credit scores so apparently that's all that matters. And we've never come even close to the credit limits.
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Old 10-21-2015, 04:07 PM   #38
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Is it hard to get cc after you've retired?
Easier than I thought at first in that DW is still working and CC companies can use household income.
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Old 10-21-2015, 05:22 PM   #39
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Originally Posted by jazz4cash View Post
We use Penfed Visa 5% on gas/2% groceries/ 1% everything else but this card is primarily only used for gas. Rebate is monthly statement credit and no annual fees. Not sure but I think newly issued cards may not get the 5% rebate.

When folks say x% back on everything or x% back on purchases, does that include things like paying bills (e.g. property taxes)? I assumed such clever tactics have been excluded from the rebate.
Property taxes usually have a hefty fee tacked on if you pay by credit card.

But AMEX will still give you your rebate - np just probably not worth it.
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Old 10-21-2015, 05:25 PM   #40
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Have any of you ER folks had a problem getting cc without an income from work? I plan to ER in 6 months and, since I'm currently working, decided to open some new cc. Over the past week, I've received the Amex BCP (for grocery cash back), CITI double cash as my go-to card, BoA for gas rewards, and Discover IT, US Bank signature visa, and Chase Freedom for rotating cash back 5% categories . The credit report pulls affected my credit score (847 reduced to 830), but I was getting dinged on my score for not having enough accounts open anyway! Now it will be a fun hobby to see how I can maximize my cash back.

Is it hard to get cc after you've retired?

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No problem. We've gotten several cards since retiring. We just give whatever our prior income tax total was. In a couple of cases I've been asked to specify whether this was investment income. And I always check "retired" if asked for employment status.
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