18 yr old ROTC cadet. Traveling international this winter, so if I get the welcome bonus I would most likely maximize it with travel expenses and summer spending.
First year was at the dorm, moving into apartment next year so I will be spending for groceries. I am also a big traveler so I believe this could help me knock a domestic flight out for free with points or something.
2 years from now, Ill be on title 10 orders, then active duty, so the credit fee will be waived (and then I can also apply for the platinum which will be nice addition). I also currently have the business cash amex (blue card), which I have had for 7 months for the business I work at.
I currently use the Robinhood gold card, but I am switching brokerages so I figured this would be a good time to switch. For a data point, my I spent around $6k on my robinhood since September. Rest of details can be found below, while I am young I believe I make a good amount to justify a "premium" credit card.
Other alternative card I was looking at was Capitol One Venture/ VentureX.
CREDIT PROFILE
* Current credit cards you are the primary account holder of:
* Robinhood Gold
* Bank of America (parents, cosigned)
* Navy Federal Basic cash rewards
* FICO scores with source: Experian 751
* Oldest credit card account age: 7 months
* Cards approved in the past 6 months: Navy Federal Cashrewards, Robinhood
* Cards approved in the past 12 months:
* Cards approved in the past 24 months:
* Annual income $: 55,000
CATEGORIES
* Ok with category-specific cards?: Yes
* Ok with rotating category cards?: Yes
* Estimate average monthly spend in the categories below.
* Dining $: 3000
* Groceries $: Groceries, $5,000
HEB 70%
Costco 20%
Others 10%
* Gas $: Gas (Tesla, 40/mon maybe)
* Travel $: Uber, 40/mo
Travel, $400/mo (50% flights, 50% hotel/food (hotel maybe 20%))
* Using abroad?: Life
* Other categories or stores: Shopping for shoes (runner) / military gear I guess
* Other spend:
* Pay rent by card? No
MEMBERSHIPS & SUBSCRIPTIONS
* Big bank customer: Navy Federal Credit Union
PURPOSE
* Purpose of next card: Travel Rewards
* Travel rewards preferences: No
* Cards being considered: Amex Gold, Capital One
ADDITIONAL INFO
On title 10 orders in 2 years, AMEX fees waived. Big traveler I travel 3+ times a year, 1 out internaitonal 2+ domestic
Can/should I get the Amex gold?
byu/gfghbfdguibuig inCreditCards
Posted by gfghbfdguibuig
2 Comments
Hard to beat the 3% on everything from Robinhood Visa. Amex Gold annual fee is what? You can get 6% back on groceries with Amex Blue Cash Preferred, $95 annual fee, and 5% back on restaurants and bars with PayPal debit, no annual fee.
You’re spending $8000 a month on dining & groceries on a $55k salary??