There are really 3 different types of credit cards cards for me.
- Lousy sign up bonus, worthless awards program or a program I just won’t get to the minimum award level on. I don’t apply and waste my good credit.
- Sign up bonus cards that offer a full reward on completing sign up bonus. The best have no first year fee as we are basically being handed a free ticket The Chase Sapphire Preferred Card I’m touting would be in this category. I’ll fulfill the sign up requirements as quickly as possible and it may go in the sock drawer after that. In effect it becomes my “go to card” until I reach the minimum spend threshold. There is a list of these in the database on the right hand blog column (If I find the rewards program to be excellent, it may move to the next category).And an added bonus with some of these cards is the ability to get a revenue ticket that earns miles on the program of your choice. IE: Chase Sapphire, Amex Premier Rewards (when it was 25K), and the US Bank Flexperks card of the past.
- My daily use cards. The old standby SPG card is my “go to card”. I always have a backup card for places that will not take the American Express card. That card is usually not from category #2 as I want to get that minimum spend taken care of immediately. Right now mine is the United Signature card so I can piddle a few more points into my main program.
In summary category #1 cards never make it into my wallet, category #2 cards earn a spot in the leather for a short time only and the daily use card is there day after day after day. When I’m not earning a minimum spend, I’m using category #3 and staying there. The SPG card has been my go to card for 6 years now, except during the Citi Thank You points bonanza. Wow do I miss that one
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95