Monday, January 12, 2015

Looking around for some cards ..

Sooner or later, you are going to reach a point where you have apped, been approved or rejected, maximized spending of at least one major card from each major bank. The thing is many cards, especially from Amex, come with a lifetime earning of just one time per card. Other cards have a mix luck of again getting approved once you have cancelled it. So make sure when you cancel a card, you do not bad mouth the card or the bank! These details are all captured these days ..so I was looking at what next card to apply. I saw a bunch of cards in this blog as well as other blogs which had the standard rooster. One thing that was lacking was a list of cards by bank. By which I mean, take a bank, and these are the available cards that are there. Of course you can go to the bank website and view them all there directly :) .. But I am not going to list all cards here. Rather just some cards that are relatively better compared to the rest.
So this post will just detail few banks and some of the cards that are good/flagship products and are ideal candidates for you to churn periodically.
Citi:
I would argue that this is the best card that Citi has .. compared to their flagship "Thank you"
flavors such as Premier or Preferred cards. Their 2% Cash back card is also pretty good if you are interested in no hassle, just 2% return on all purchases.
American Express:
Their prepaid cards such as Target Redcard ( wait till atleast 2015 end), Bluebird, Serve card are must have cards.
Charge cards here are pretty good including the Platinum cards and Gold cards.
Credit cards here are the best for SPG card, Jetblue card and the Blue Preferred card.
Chase:
IHG Rewards 80k points offer - The 60k points offer is in chase.com
Marriott has a 50k points offer too. Those are handy for Towne Suites or Residence Inn where you will get more bang for your points.
All Cards - No harm in applying most of their cards .. it is useful one way or the another but cards such as Amazon or IHG/Disney/Marriott are highly specific to those brands. Are they really that useful apart from your one time usage, I would tend to say No.
The best card here is the Southwest card which can be directly found in Chase website. There is Simply no better offer outside. Though it has a $99 annual fee, it is much worth more if you travel southwest frequently. They pretty much fly the whole of US to all the major cities.
US Bank:
Flexperks card and the Select card are pretty good. This bank is notorious to look at more than the three major credit bureaus before deciding whether you their credit worthy. They do have many airlines card but no stand outs. The best card here would be the Club Carlson Cards. They come in two flavors of $75 and $50 each in annual fees.
Barclays:
US Airways : Last few days to apply this card as soon Citi would be managing this one.
All Cards : Some of the cards like LL Bean or Apple cards are really not that worth applying unless you frequent those places.
Wells Fargo:
They have  good customer service. I would be inclined to look at the propel card family for their a) Amex brand b) decent features and points
Bank of America:
Cash rewards card is the best here. I would definitely give a look to their airlines card such as the Alaska Air card or the Virgin Atlantic card.

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