Bankruptcy

What's in Your Wallet Part II: Let's Shop for Credit Cards

By Nathalie Martin

I have been enjoying talking to my UNM colleagues about Katie?s post on what's in our wallets.  There are different credit cards for every demographic imaginable.  For example, there are cards with rights to all airport clubs and even the right to a personal shopper, for the truly rich and famous.  There is plenty of free pizza to be had with the cards touted to college students.

While I fancy the Costco Amex, my colleague Peter Winograd suggests the US Bank VISA Travel Card (20,000 points qualifies for a $400 ticket on any airline, plus a 10,000-point bonus for first use plus double points for certain categories of purchases); the Compass Bank VISA (5% return on purchases at drugstores, supermarkets, gas stations, plus 1% on everything else); the CitiDividend MasterCard (5% on certain categories of purchases, with the categories changing every three months; 1% on everything else)?
 
I?d love to hear more about some of the other gems out there so, like Bob (I mean George Clooney), I?d relish some reader participation, particularly thoughts on which cards they love.  You can also shop here if you currently have no favorite.

And, I have a question. When should a person actually pay an annual fee on a credit card?  I usually (call that always) opt against annual fees, but I am sure there are times when it pays to pay them.  Let?s hear it.

Full post as published by Credit Slips on November 17, 2010 (boomark / email).