I’ve been asked by numerous people time and time again what credit card they should get next, so I’ve decided to compile a list of the 3 credit cards I have in my wallet and why it’s a no brainer to get these cards! As a disclaimer, I may receive compensation when you click on links to these products. Everything in this post is of my sole opinion!
As a background, I’ve spent the past 4 years analyzing, double checking, and cross-referencing the top credit cards out there. As a consultant, I’ve analyzed loyalty cards for airlines (American, United, Southwest, Delta), hotels (Marriott, SPG, Hilton), and bank credit cards (Chase Sapphire Preferred, Freedom, Freedom Unlimited, Citi Double Cash Back), and more. After reviewing each credit card, I’ve narrowed it down to the following 3 credit cards that I carry in my wallet today:
Let’s get started!
The Chase Sapphire Preferred is the best overall credit card out there. It’s marketed as a travel credit card, but if you’re eating out and ubering around the city, this card more than pays for itself. If you’re a recent grad or a college student, the majority of your expenses will be on transportation or dining. Even bars that sell food are considered dining and many are eligible for the 2x points. I’ve had this card for almost 2 years and redeemed over $2000 worth of points through just this card. I’ve booked a round-trip flight to New York, redeemed $1000 for a 4-night stay at the JW Marriot in San Francisco, and even redeemed for special events in any city, including the Hunger Games Exhibition in San Francisco.
You get 50,000 points after you spend $4000 in the first 3 months (worth $625 with Chase Ultimate Rewards®) and 2X points on Hotels, Flights, Taxis (Ubers, Lyfts), Restaurants, and any other travel related expenses. You also get access to Chase Ultimate Rewards, allowing you to redeem 25% value in points. At just $95 a year, this card is a no-brainer. As always, there are no foreign transaction fees, no blackout dates, no travel restrictions. I’ve booked numerous hotels and flights through Chase Ultimate Rewards and have never had a problem.
Whether you’re a traveler or not, the Chase Sapphire Preferred signup bonus alone more than pays for the card and is a no-brainer card to have in your wallet! To all of you post-grads and college students out there, this is the card for you!
The Chase Freedom credit card has been my oldest card. With no annual fee and the easiest credit card to attain with good credit, it was a no-brainer. You earn $150 after spending $300 in the first 3 months and earn up to 5% on combined purchases (up to $1500) in specific bonus categories that you activate each quarter. These categories include restaurants, grocery stores, gas stations, and wholesale clubs. Who doesn’t love getting an extra 5% at the gas station or on your next meal?
What makes this card a no-brainer is that it costs no annual fee and you use it only on bonus category expenses. Want more… transfer these points to your Chase Sapphire Reserve account to redeem points at a 50% bonus and transfer points 1:1 to Chase partners, included United and American, and even Southwest.
When the Chase Freedom Unlimited card was announced a few months ago, I didn’t think much of it. At just 1.5 points per $1 spent on every purchase, it’s not the most valuable card out there with no annual fee. But after analyzing my expenses on my Chase Sapphire Reserve, I realized that I’d only been earning 1 point on over half of my monthly expenses. Grocery stores, gas stations, and drug stores are just a few places where the Chase Freedom Unlimited Card shines!
The Chase Freedom Unlimited card is currently offering $150 after you spend $500 in the first 3 months and has no annual fee. For every dollar you spend on the card, you get 1.5 points, simple enough, but here is where the card becomes truly powerful. You can transfer points from your Freedom Unlimited to your Chase Sapphire Reserve account. This allows you to redeem points at a 50% bonus, and transfer points to partners including United and American 1 for 1.
I’ve had numerous times where I found flights on United for far fewer points than Chase. With just 2 clicks, I can transfer my points to my United MileagePlus account, and BAM!!! Flights booked!
There are numerous great credit cards out there. These are just a few that I’ve chosen to carry with me. Depending on your traveling lifestyle and spending habits, certain cards may be better than others, for example, getting the Marriott Rewards Credit Card if you’re a loyal Marriott Member, or getting the United MileagePlus card if you solely fly United. Have I missed any credit cards? Do you have a different opinion? Let me know what you think in the comments below.