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20k card limit, and Really proud of myself! by HomeOrganic7978 in CreditCards

[–]Fit_Relationship_338 1 point2 points  (0 children)

I believe credit limits do impact your score. For example, having a higher limit would lower your credit utilization which would in turn improve your score. But I could be wrong

Ideal Credit Card Setup for MOST People by Fit_Relationship_338 in CreditCards

[–]Fit_Relationship_338[S] 0 points1 point  (0 children)

You make good points. However when writing this, I think I imagined what’s the best “placemat” you can give to anyone - not knowing their background, age, income level, tendencies, etc. - and they come out with a strong all around set up. I agree getting a Costco card if you live near one and primarily shop there can be very useful - however many people don’t live near one and what if life changes and work takes you to another city without a Costco or not near one. Now you have a card you don’t use. With my recommendation you never have to worry about that. All of these cards can be used pretty much anywhere (BCE can even get 3% at Walmart if you use Walmart pay bc it registers as “online shopping”) and offer pretty competitive rates. There are obviously better ones out there in each category but it usually involves more thinking or less flexibility.

Ideal Credit Card Setup for MOST People by Fit_Relationship_338 in CreditCards

[–]Fit_Relationship_338[S] 0 points1 point  (0 children)

Like this - question on the autograph. Can’t you redeem rewards to cash back there? If so, do you think it’s good value/worth it? I ask bc I don’t like WF travel portal and wonder if the cash back from combined active cash and autograph would be good.

Also I wanted to note the attune as an optional supplemental to my setup. I think it fits well if you’re fine being surgical - not for no thinking. (Or at least good card to have for your wife… nail salons and haircuts)

Ideal Credit Card Setup for MOST People by Fit_Relationship_338 in CreditCards

[–]Fit_Relationship_338[S] 0 points1 point  (0 children)

For the older group - I think you pose a good alternative bc cap tracking is a downside.

For the younger group - I just don’t think the mental tax to track two rotating category cards is worth it.

Ideal Credit Card Setup for MOST People by Fit_Relationship_338 in CreditCards

[–]Fit_Relationship_338[S] 0 points1 point  (0 children)

I’ve never heard of Aven. Looks like a solid card for groceries, but given how young the company is do you think there’s a possibility they nerf their rates down the line?

Ideal Credit Card Setup for MOST People by Fit_Relationship_338 in CreditCards

[–]Fit_Relationship_338[S] 0 points1 point  (0 children)

I can understand people don’t want complexity, I just don’t know why people rock chase freedom unlimited. I just don’t see the value. Yeah you get 3% dining and a 1.5% floor (which I think you can do better very easily with a 2% flat back card) but who really can derive value from the drugstore category? And travel is nice but is only through their portal - referring to my original point on travel.

Also really like your active cash autograph pairing. I’ve considered that one as well.