I find myself in a conundrum. I am looking to getting a new credit card soon, and would like input on which card I should get. There are a few options, and they all fall within my credit score requirements. The caveat is, I am close to my 5/24 rule. I also have a small business credit line, which I am not 100% sure doesn’t count towards the 5/24 rule. Here are my options and what I currently have:
What’s in my Wallet:
American Express OPEN Business Platinum Card
I have had this card since I started my own small business. I don’t have many expenses, and as a charge card, I pay it in full every month. My business credit score is excellent, and I recommend every small business owner to check their credit via Duns&Bradstreet. It’s free (for a basic membership) and offers some insight. I love my AMEX card given all the benefits it brings, and I find the $450 fee to be well worth it.
Bank of America BankAmericard Travel Rewards
The first formal credit card I was approved for, it comes with no annual fee and a 1.5 points per dollar spent. These points are useful towards travel expenses. I really like this card but I don’t use it as often as my other cards.
BBVA Compass CompassCard
This was the first ~credit card~ I was approved for. It is a $40 fee card, with a guarantee fund behind it. I was approved instantly, and am still keeping it as a thank you for their trust in me.
Barclaycard Arrival PLUS
This was my first WorldElite card I was approved for. It offers 2X points on every purchase, and these points can be used towards travel expenses.
Barclaycard American Aviator Red Card
My most recent card I obtained. I like this card for the benefits it has with American (although I get most of them via being Executive Platinum). I appreciate the low annual fee, and the 50,000 miles sign up bonus.
Citi American Airlines Citi Executive Card
I am an authorized user for this card. I only have it for the Admirals Club access benefit. Besides that, I don’t use it at all. I don’t use it given that the benefits it offers do not apply to me at all.
Options that I want to add:
Chase Sapphire Preferred
I am thinking this is my most critical acquisition card. Given that I am 1 card away from my 5/24 cap, I think this is the card I will select. I am open to others, and I do not want to get the Chase Sapphire Reserve just yet.
Citi Premier
This card has a 50,000 points sign up bonus for the time being, as well as 2X points on dining. That’s the same as the Sapphire Preferred.
Citi World Elite Executive Mastercard
I would get this card in order to get the benefits the card offers. I am hesitant though. The high annual fee as well as the the amount of spend for the sign up bonus.
Barclaycard Aviator Silver Mastercard
I am looking to upgrade the Aviator Red to this card soon. It doesn’t count as a hard inquiry and offers great benefits.
Chase Ink Preferred
I want to get this card for its sign up bonus, as well as to add another credit card to my business. I have been running the American Express high recently, and although I pay it in full, I would rather have two options to spend on.
Landing Thoughts:
If you have any of these cards, please let me know your experience with them, and help me pick which card you like most. If you don’t like a specific card, let me know as well in order to give each card a fair evaluation.
What do you think? Which new card should I get? Let me know!
All cards from the company websites, or from The Points Guy
Jump on the Amex Blue Business Plus if you can find an active link for the 20,000 MR point bonus (check with Doctor of Credit). No annual fee, 2x MR points earned for every dollar spent (for the first $50,000 a year), Amex is very liberal about accepting business card applications, and it won’t count against 5/24.