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It’s an exciting time around the Mommy Points household this week. Not only is Little C about to fly with us this weekend (yay!), and not only are we about to turn our house into “Santa’s Second Workshop”, but it is also time to get a couple new credit cards! This is especially exciting as I will be applying for my first business credit card. It’s the “little” things that excite me. 🙂
I have my ideas about which cards I think I am going for, but am always open to input. First, let me do a quick rundown of what’s already in my wallet.
Here are the cards and sign-up bonuses that I already acquired this year:
Amex Platinum – March 2011 (100K sign-up)
Chase Sapphire Preferred- May 2011 (50K sign-up plus 50K bump the bonus)
Citibank AAdvantage Amex and Visa – June 2011 (150K total)
Amex SPG – August 2011 (30K)
A few were bunched together this summer due to the great offers that were out, but I am now back to spacing out my applications approximately every 90 days. I am not at all a huge credit card churner compared to some, but I certainly open more new cards in a year than the “Average Joe”. Since I may have to take out a loan to sell a home we have in the Austin area for a loss sometime in the next few months (ugh), I don’t have any desire to go crazy with tons of new applications right now. Prior to this year, my main credit card work horses were the Continental OnePass Plus card and a Chase Travel Plus Rewards card (I don’t even think they offer that one anymore, but it is my oldest account). Those are both still active cards that I use.
I am in the market now for one additional personal card and one business card. Since I have been a rapid US Airways Grand Slam participant, I am leaning towards getting the US Airways Dividend Miles Premier World Mastercard. It is issued by Barclay’s, who I have not heard very good things about, but it is a bank that I don’t already have multiple accounts with, so that is a good thing. Here are the reasons I want this card.
Personal Card Choice – US Airways Dividend Miles Premier World Mastercard
- 40,000 bonus miles upon first use
- No annual fee the first year
- $89 annual fee each subsequent year, but you also receive 10,000 bonus miles at each anniversary
- 5,000 mile discount on reward tickets booked solely on US Airways and US Airways Express flights
- Preferred check-in (very useful with a little one)
- Zone 2 boarding (you know you aren’t the last one on the plane!)
- $99 Companion Passes (things like this are often not so easy to redeem, but you never know if they might come in handy)
- Likely hit in next year’s Grand Slam
- One lounge pass plus $75 off a US Airways Club membership
I would love to add 40,000 more US Airways miles to my miles from the Grand Slam, and I would really love to be able to use 5,000 fewer miles when I redeem those miles for flights on US Airways. I also love that there is no minimum spending requirement with this card – that will be important for my personal card selection as my business card selection does have a pretty hefty minimum spending requirement. I do not plan to use my US Airways card for everyday spending, but I may keep it around for a while just for the benefits.
Business Card Choice – Chase Ink Bold
I really love my Chase Sapphire Preferred Card, so I like the idea of getting the business equivalent to that card. I have found Ultimate Reward points to be my favorite type of points, so I would be more than happy to add 50,000 more UR points to my account by getting this business card. I also actually need a business card to make my financial life a little more stream-lined, so I want my business card to earn points that I actually want! Since there is a $5,000 minimum spending requirement in the first 3 months, I will obviously have to put personal expenses on this card at first, but after that I hope to keep personal expenses off of this card. Here are the reasons I think this card makes sense for me:
- 50,000 Ultimate Reward points after spending $5,000 in the first 3 months
- $95 annual fee waived the first year
- Points are transferable to the same partners as the Chase Sapphire: Hyatt, United, British Airways, Marriott, etc…. (Hyatt and United are two of my favorites right now)
- Points can also be used as cash to pay directly for travel expenses (I actually like this option for inexpensive domestic airline tickets when cash is tight)
There are some drawbacks to this card. For one, it is a charge card not a credit card. I don’t think that will be a big deal in my case, but it may be an issue for some people. Also, this card does not earn bonus points the way the Sapphire does. So, I will probably be reluctant to put all business expenses on here since so many of my expenses are eating out and travel – both of which earn 2x points on the Sapphire. This card also still charges foreign transaction fees, so I won’t be using this while overseas. If I were designing the perfect business card for myself, this would not exactly be it, but it is as close as I have found. Even if I don’t use if for all business expenses – I certainly will love the 50K Ultimate Rewards sign-up bonus!
What would you do?
Am I overlooking a great card offer? What will your next card be? Is it an offer that is already out, or are you waiting for a fantastic offer to come out before adding to your credit card collection?
If you are in the market for a new card yourself, I recently added a “Top 5 Family Credit Card Deals” tab to my home page. I know we could all debate for days about which offers should be in the “Top 5”, but these are cards that I feel are the top offers for most families. It is not (yet) a comprehensive listing of all available cards, but it is a good place to start if you or a friend are looking for a simplified listing of some quality points and miles earning credit cards. Just as with the links in this post, some of the application links on that page are my own, and some are not. I will always only display the best offer that I am aware of for each card.