Author Topic: Which Credit Card to apply for?  (Read 546 times)

EfficientEngineer

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Which Credit Card to apply for?
« on: June 04, 2018, 07:12:16 PM »
Hi everyone,

I've been trying to figure out the best credit card to get for travel rewards and I was curious if anybody had any input to offer.

I'd be able to put just over $3k of spending on it within 3 months and I have a credit score around 750.  I was thinking of stretching to reach $4k of spending for the Chase Sapphire Preferred card, but would rather not spend above my usual amount (not too inclined to manufacture spend either).  I noticed the British Airways Visa card has 50k miles if you spend $3k in 3 months.  Are there any other cards you would recommend?  Thanks!

Mariposa

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Re: Which Credit Card to apply for?
« Reply #1 on: June 04, 2018, 08:02:03 PM »
For $3k spending in 90 days:

1. Bank of America Premium Rewards. Bonus: 50,000 points, redeemable for $500 credit. Annual fee of $95 not waived the first year.

2. CapitalOne Venture. Bonus: 50,000 points, redeemable for $500 travel credit. Annual fee of $95 waived the first year.

The reason to possibly get the Chase Sapphire Preferred first, though, is because of their 5/24 rule: if you open 5 or more credit card accounts in the last 24mo, you'll be declined. To meet the $4k spend, you could do something like buy gift cards for your future regular spending (Amazon, Target, etc).

JLee

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Re: Which Credit Card to apply for?
« Reply #2 on: June 04, 2018, 08:40:49 PM »
If you travel a lot, the Sapphire Reserve is worth serious consideration.

kpd905

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Re: Which Credit Card to apply for?
« Reply #3 on: June 05, 2018, 04:12:21 AM »
Sapphire Preferred would be a good one.  For the spending, you can just pay ahead on a few things.  For example, buy some gift cards for your grocery store, or pay a few months worth of utilities if they allow credit cards.  You'll end up getting almost 15% back on your $4k spend (assuming you cash out, even higher if used for  travel instead), so it is worth the trouble.