Best credit card for a new homeowner…?

Card Recommendation Request Forum
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  • Current cards: (list cards, limits, opening date)
    • Capital One Savor One $9,500 limit, Aug 2024
    • Capital One Quicksilver $15,000 limit, Dec 2016
    • Citi Bank Double Cash $17,7500 limit, Nov 2019
    • Chase Amazon $20,000 limit, Oct 2020
    • Wells Fargo $15,000 limit, Aug 2012
  • FICO Score: 800
  • Oldest account age: 12 years 2 months
  • Chase 5/24 status: 0/24
  • Income: $120,000
  • Average monthly spend and categories:
    • dining $300
    • groceries: $300
    • gas: $50
    • travel: $0
    • other: $150
  • Open to Business Cards: No
  • What’s the purpose of your next card? I’ll be spending around $5-10k on the new house, plus I’m expecting a child soon. Looking for a good intro offer or flat cashback.
  • Do you have any cards you’ve been looking at? Received a private offer for Amex Gold (100k points).
  • Are you OK with category spending or do you want a general spending card? Category spending is fine.
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Interested in cashback cards? Check these out from the sidebar:

Summon me with !cashback for more info.

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If you’re focusing on groceries and gas, AAA has a solid card: AAA Visa Signature Credit Cards

But with a baby on the way, your grocery spending will likely increase. If you’re spending more than $500/month on groceries, the Amex Blue Cash Preferred might be a good option. The annual fee is $95 (waived the first year), but it gives you 6% on groceries and 3% on gas.

For utilities and cell phone bills, the U.S. Bank Cash+ card is solid with 5% on those categories: U.S. Bank Cash+ Visa Signature: Up to 5% Cash Back Rewards

The U.S. Bank Altitude Go card is great for dining rewards.

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@Payne
Thanks for the reply. I wasn’t familiar with some of these cards, so I’ll check them out.

Any thoughts on the Amex Gold offer? I’ve seen mixed opinions about it, and the annual fee is $325.

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Gracen said:
@Payne
Thanks for the reply. I wasn’t familiar with some of these cards, so I’ll check them out.

Any thoughts on the Amex Gold offer? I’ve seen mixed opinions about it, and the annual fee is $325.

With the Amex Gold, it depends if you can actually use enough of the benefits to make that $325 AF worthwhile. You’ll want to read the benefits page carefully.

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@Payne
Yeah, I checked it out. While I could use most of the benefits, I don’t think it’s worth the hassle. The 6% groceries option sounds much better. Thanks again!

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Gracen said:
@Payne
Yeah, I checked it out. While I could use most of the benefits, I don’t think it’s worth the hassle. The 6% groceries option sounds much better. Thanks again!

No problem at all… and congratulations on the new baby!

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If you’re doing home improvement projects, the Lowe’s card can be helpful. It gives you 5% back at the store, which can be good for tools and garden supplies.