Questions and Answers

So I have some big spending coming up and so I thought it might be a chance to open a new card (or two?!) and easily meet minimum spend on sign-up bonuses. Which card(s) would YOU choose? Here are some things to consider:

– I already have Citi Prestige and Premier cards (although my husband COULD sign up for the cards too for extra bonuses? But if we cancel the cards, don’t we lose the points?)
– We have a Citi Forward card with 5x TY Points at restaurants/amazon grandfathered in (which is why we’ve been focused mostly on accruing TY points)
– We fly United a lot (and have the Mileage Explorer card) although suspect we’ll start flying AA more, now that we can cash in TY points at 1.6 cents per point towards AA flights (and have Admirals Club access through Prestige)

Would you go Amex Platinum? Chase Sapphire Preferred? Something else? I think we’re hesitant to sign up for another card with a high annual fee… one is enough for us! 😉

Or should we wait and see what new offers come out in the coming months…

Thanks! Look forward to hearing everyone’s opinions!

[USER=692]@John K[/USER]

Not Lucky, but what about getting the no annual fee TY point earning Citi Preferred for your husband first and then get the other Citi cards for him?

Keep the no annual fee long term after earning the bonuses on the Citi Prestige and Premier cards and then canceling.

Thanks for the idea!

Also try reading these articles and see if that helps you.

[URL]http://onemileatatime.boardingarea.com/2015/06/17/best-no-annual-fee-credit-cards-for-everyday-spend/[/URL]

[URL]http://onemileatatime.boardingarea.com/2015/08/03/most-rewarding-credit-cards/[/URL]

[URL]http://onemileatatime.boardingarea.com/2015/09/21/two-best-credit-cards/[/URL]

[URL]http://onemileatatime.boardingarea.com/2015/07/13/best-credit-card-for-grocery-store-spend/[/URL]

Thanks. I just wasn’t sure if it was worth branching out into other rewards programs (i.e. Membership Rewards, etc.) or doubling down on ThankYou points (given that 5x bonuses with Forward combined with 1.6 cents for AA flights mean an 8% return).

If this was a couple of months ago when the 150k MR Amex Business Platinum offers were floating around I would have said go for that, if you could meet the $20k/3 months min spend you’d end up with 170k MR. But since you already have a lot of TYP as well as cards that earn TYP at a high rate (I have the Citi Forward too, love it!) I’d stick with those at this time, especially since Citi keeps adding transfer partners if you want to use them for something other than AA flights. Keep your eyes open to what comes in the mail as theres some really high value Prestige offers going out. I got a 100k TYP $3k/3 months offer back at the end of April and recently I’ve seen reports of people getting 75k TYP $5k/3 months offers.

Thanks [USER=507]@Mike[/USER]. Great idea!

John, an official hi and response! I’m all about the dual credit cards – no need for you and the hubs to share a card when you can get twice the bonus (so long as you can manage the annual fee). I also tend to be a strong believer in NOT cancelling cards unless there’s a compelling reason.

Since you seem to be set on airline travel, why not consider opening up a hotel card? If you have a specific destination coming up in the next year, for instance, I’d recommend that you both apply for the Hyatt Chase Visa: you’ll get a total of 4 nights at any Hyatt in the world, Park Hyatts included, and then each year you’ll get anniversary nights at Cat 1-4 hotels that you can combine for a 2 night stay.

[USER=12]@Nick[/USER] Great idea, thanks! Love reading your articles btw