Need a New Credit Card? Me Too!

I’ve been on the credit card sidelines for a few months while I refinance my home. This will be my second refinance on this house which I’ve been in for over 6 years now. And I’ve been playing the credit card game for about the same length of time. As was the case when we bought the place and when I’ve refinanced, applying for credit cards at the rate at which I have been for more than 6 years now has not hurt my options for financing what is the biggest purchase I’ve ever had (or ever will have) to finance. In fact, my credit score is the highest it’s ever been… I have been allocated lots of credit and have used it responsibly, paying off my bills every month and the credit bureaus like that.

That said, I do go on hiatus before financing a large purchase like a house as explaining why I have opened up a new card(s) is just a pain and I’d rather not have to explain that I open up credit cards for their rewards, blah, blah, blah.

So, with the refinance almost complete, I’m itching to get back into the game… And these are the cards I’m considering… So many!

AAdvantage Platinum Select World Elite MasterCard:

  • Bonus: 50,000 American Airlines AAdvantage bonus miles after $3,000 in purchases in the first 3 months of account opening
  • Annual fee waived the first year, $95 each year thereafter (cancel after first year)
  • Perks: First bag checked for free, Group 1 Boarding, 10% rebate on AA Awards
  • Noteworthy: Many have reported getting matched to a targeted 60K mileage offer after opening the card and requesting a match. This link is for those who have had this product within the last 24 months (that’s me!)

AAdvantage Aviator Red World Elite MasterCard by BarclayCard

This is Barclays answer to Citibank’s long time AAdvantage Platinum Select World Elite MasterCard.

  • Bonus: 40,000 American Airlines bonus miles after making one purchase within 90 days of account opening
  • Annual fee $95 not waived
  • Perks: First bag checked for free, Group 1 Boarding, 10% rebate on AA Awards

Avianca Vuela Visa Card:

  • Bonus: 60,000 Avianca miles which are good for travel on the Star Alliance network (United, Lufthansa, Swiss, Air Canada, etc.) after first purchase
  • Annual fee $149 not waived
  • Noteworthy: Use promo code AVSPWE during the application to get the 60K offer

Bank of America Alaska Airlines Visa Business Card (there is a personal version quite similar to this one):

  • Bonus: 30,000 Alaska Airlines miles after spending $1,000 on the card within the first 3 months of account opening (30,000 Alaska miles doesn’t sound like a lot but when you can get this card over and over again, it actually is quite good)
  • Annual fee $75 not waived

The Enhanced Business Platinum Card from American Express Open:

  • Bonus: 50,000 Membership Rewards after spending $5,000 plus an additional 50,000 Membership Rewards if you spend an additional $10,000 in 3 months
  • Annual fee $450 not waived
  • Perks: $200 of airline incidentals reimbursed, $100 Global Entry free reimbursement, Priority Pass Lounge benefits, rental and hotel elite status, Gogo wifi passes, etc.
  • Noteworthy: This offer expires January 25, 2017

Capital One Spark Cash for Business:

  • Bonus: $500 cash back after spending $4,500 on the card within 3 months of account opening
  • Annual fee waived the first year, then $59 each year thereafter
  • Perks: 2% cash back everywhere

Some of these are really great offers. Most come with annual fees so that is certainly a consideration. I haven’t yet decided what route I’m going to take. With the death of Bluebird, my spending ability is very much curtailed. We are leaving on our next adventure in a few weeks so there will be expenses that come along with that trip though. I would like to pursue a “business card” tact whereby I acquire mostly business cards so that I can position myself to get new Chase cards soon (see The New Reality for Acquiring Miles). But I need to assess my upcoming adventures to figure out what gaps I have in our points and miles arsenal. Cash is always good and the Spark is one of my favorite repeats.

What about you? Any new cards on your horizon? Any great ones I missed?

 

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