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Author: lanshark Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308369  
Subject: Re: Chase e-Pay Fee Date: 1/23/2006 1:10 PM
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nikita,

Chase isn't my preferred card either. To be honest, I am merely keeping a pair of Amazon cards because one gets me 3% @ Amazon, and the other one has a 2.9% for life transfer sitting on it. I also have a "PerfectCard" because I've had that "account" for eight years now and it does offer 3% rewards on gasoline purchases. I really only use that one right after the AmEx Blue Cash rebate period cycles and the AmEx tier is down at 1%, or for those rare occasions when someone doesn't accept AmEx.

I'm not a fan of the AmEx One card. Although it may offer a 1% reward structure, it is really easy these days to funnel everything through a credit card. Remember those friends at Comcast and Cingular? Yep, they take AmEx. In an earlier post I broke it out, but I think it was about $13k was the break-even point where Blue Cash would outpay One. Blue Cash has no annual fee, either.

I've used Discover cards to varying degrees over the years. For a time, I used their card a lot. Now, I keep it around for the extra discounts through the Discover ShopCenter (7% on bn.com), the promotional cash-back rebates (5% on Bally's right now), Sams club, and the occasional small grocery store purchase where you can get $50 back in cash and it's considered a "purchase". :)

With the cards I have, I limit myself to four cards, 1 of each brand:
AmEx Blue Cash
CapOne Miles Visa
Chase PerfectCard MC
Discover Platinum

I keep others around for special purchases. But, if the Amazon card's used only at Amazon, all I need to do is keep the card in the drawer until I'm ready to buy. For MBNA cards, they've got balance transfers or BillPay Choice transactions on them, so no need to carry them. My Citi cards have BT's on them, so they don't get touched at all...

- Lan
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