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Got a new rewards CC

December 9th, 2014 at 02:10 pm

I've had a rewards Amex for a while now, and I plan to keep using it. It gives me 2% cashback on all purchases, and I really want to build a history with Amex anyway.

However, there are times when I run into shops where they just won't take an Amex, and I've had to resort to an older, regular MasterCard.

So, I've been eyeing this rewards Visa card for a while now, and I was going to wait until next year to apply, but I decided to just go ahead and do it.

So, I am approved. This is great. The only downside with this card is that it only gives 1.5% cashback for the first $15k purchase. After that, it's 2%. So, for me, my CC habits will stay exactly the same. I am just going to keep charging everything on my Amex unless they don't take it. Then I'll switch to the Visa.

Best of all, both cards are tied to my investment accounts, so it is easy for me monitor everything all in one place, and any cashback rewards are automatically deposited into my checking account.

With that, I think I am done with credit cards for quite a while.

Posted in Uncategorized | 3 Comments »

3 Responses to “Got a new rewards CC”

  1. Another Reader Says:
    December 9th, 2014 at 02:58 pm 1418137106
    1418137106

    Have you considered applying for some of the cards with bonuses for signing up? The Chase Freedom card often offers a $200 bonus for spending $500 in three months. It's a basic 1 percent back, but with 5 percent rotating cash back categories. The categories change quarterly, but gas is usually on the list twice a year.

    Some of the other Chase cards have attractive bonuses as well. The Bank of America Cash Rewards card has a $100 bonus, and it offers 2 percent back on groceries, 3 percent on gas.

    Monkey Mama and Credit Card Free have multiple posts on their experiences with the various offers. You could easily hit $1,000 in bonuses without a lot of work.

  2. Tabs Says:
    December 9th, 2014 at 03:01 pm 1418137281
    1418137281

    Thank you for bringing that up, but I am a simple man. I just want cashback cards that's tied to my investment accounts, so these are it for me.

  3. FrugalTexan75 Says:
    December 10th, 2014 at 02:17 am 1418177851
    1418177851

    It's a good idea to have a second card as a backup.

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