Hi guys,
I’m looking for a card to complement my Fidelity 2% Visa, but I don’t travel often. I want to redeem rewards for travel, and I noticed the Marriott Bonvoy card has a generous sign-up bonus that grants 5 free nights. I could easily meet the bonus requirements with my regular spending and some upcoming house projects. However, I would likely cancel the card afterward to avoid the annual fee, as the ongoing benefits don’t appeal to me. Is it worth the potential impact on my credit score? Probably, since I don’t have any major credit needs in the near future.
Current cards:
- Fidelity Rewards Card: $30,000 limit (since 2019)
- Discover IT Card: $5,000 limit (since 2017)
- FICO Experian Score: ~780
- Oldest account age: 5 years, 11 months
- Income: around $80k
Average monthly spend by category:
- Amazon: $100
- Gas: $30
- Groceries: $500
- Dining: $200
- Hardware store: $100
- Entertainment: $100
- Big house projects: $1,000+ every few months
Open to Business Cards: No
Purpose of the next card: To surpass my 2% card in accumulating travel benefits. I’ve heard the Amex Gold offers 10x on dining and groceries, which is intriguing. I drive a hybrid, so I don’t need a gas card.
Cards of interest: Primarily travel cards, but I’m unsure which one would be worth the annual fee.