This post is just going to be a bunch of random credit card questions which have been floating around in my head. Answer away!
I hate to admit it, but for years I did NOT have a rewards credit card. Late last year, I signed up for the Chase Freedom, and it's been great, but I feel like I can do something better now.
Finally having rewards from my credit card is nice, but it pains me to think about especially since I made the post about how I've spent over $25,000 in credit cards (but no worries because I have never carried a balance). This could have amounted to a ton of rewards! But I was too dumb before and never really thought about it, because everything seemed like it would take forever to add up.
Yes I do realize that with some people, credit cards are not the best decision, but I'm good with credit cards. I just charge all my expenses that I can onto it (without going over the 30% recommended utilization percentage) and I pay my balances off completely every month. So no worries there!
- I wanted to point that out because when I made my $25,000 credit card post, I got some e-mails where people were telling me that I'm horrible for racking up so much debt (but I never racked it up so I'm confused as to what the e-mails were talking about).
- But I just want to make it clearer this time 🙂
Oh yeah, and I have 2 credit cards and the boyfriend has 1. And I don't care about the interest rate or anything because I'll never carry a balance. My credit score is a little under 800, so I should be able to qualify for most cards. You can compare credit cards at Totally Money.
How many credit cards do you have? What do you consider a “good” number? The boyfriend and I are both thinking of adding one card each, so that will bring my number to 3, and his to 2. Not sure if this would be considered too many?
Also, I would like to get rid of my first credit card that I received when I turned 18. It gets no rewards and has a small credit limit. It's pretty much useless. There is no yearly fee either. I know closing this will affect my credit, but not sure by how much. We're not applying for a new loan for anything anytime soon, so this impact on my credit doesn't worry me too much.
Now I don't want something with an annual fee, but if I could get the fee waived then I would be all for it.
Below are some of the cards that I'm thinking of:
- Chase Sapphire. I keep hearing everyone talk about this one. There is a fee but it's waived for the first year.
- Perkstreet Financial. 2% back. This is better than the 1% with the Chase Freedom that I have right now.
- And I'm not sure what else. Obviously my list is short. I don't know of many credit cards.
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