Only One Credit Card

Crazy For Miles

Received this question from MJ:

I do not like to have too many credit cards to open and close just for the bonus miles.  If I only want one or two credit cards, what do you recommend?

 

Chase Freedom Card

 

Chase Freedom Card

Chase Freedom Card 5% Cash Back

Chase Freedom card is one of the card that I keep for my daily use.  Every quarter has 5% categories that you can earn up to $1500 spending per quarter.  If you take the full benefit of 5% in each quarter’s categories, you should earn 30,000 Ultimate Rewards plus unlimited 1% on other spending.

For new card, the highest bonus offer that I saw for Chase Freedom card was $300 and do not apply if the bonus offer is only $100 or $150.  Usually $200 bonus offer for new card is very common and appears a lot.  You might not get the highest bonus offer, but be patient and wait for a good offer, like $200.

5 Times Points

Earn 5 points per $1 on the first $1,500 spent in combined purchases of every quarter’s selected categories.  For example, second quarter 2016’s categories are grocery stores and wholesale clubs.
Activate Chase Freedom Second Quarter Cash Back

Activate Chase Freedom Second Quarter Cash Back

Chase Ink Plus Business Card

 

Chase Ink Plus Business card

Chase Ink Plus Business card

If you have a business, you should consider Chase Ink Plus Business card as well.  By having Chase Ink Plus card, you can combine your cash back Ultimate Rewards from Chase Freedom card into travel award Ultimate Rewards at Chase Ink Plus Business card and transfer the Ultimate Rewards to participate partner airlines royalty program.

For new card, the highest bonus offer that I saw for Chase Ink Plus Business card was 70,000 ultimate rewards and do not apply if the bonus offer is only 40,000 ultimate rewards.  Usually they have 50,000 ultimate rewards with first year annual fee waived or 60,000 ultimate rewards with first year annual fee not waived bonus offer for new card.

5 Times Points

Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

2 Times Points

Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.

What do I have? I have both.

 

 

 

 

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