Which Credit Card/s to get next
 

I have the Hyatt (3 years old), United Mileage Plus 2 + years old) and a very old ATT Universal card (Part of Citibank Thank you points currently at 5X for many categories), and a very old Costco AMEX Platinum, and a Costco True arnings (about 1 year old)
FICO score of 876.

What would be the next card/s to get? Should I apply for one or more?

Which Credit Card/s to get next
 

how do you get a 876 fico o ly goes to 850

Dont know. I thought it went to 900. Anyway that is what is reported on my citibank report

Which Credit Card/s to get next
 

Check the report again. FICO goes to 850 as per Wikipedia

https://en.m.wikipedia.org/wiki/Credit_score_in_the_United_States

In any case, if you suggest some goals it would assist people wanting to help you find cards.

You practically need a total overhaul.

1. What you should get depends on what you need in term of reward. Only you can answer this question.

Remember, you are getting rewards that can be used by you, not getting rewards simply because you can.

2. If you can answer this - what is the purpose of paying AF for 2 credit cards?

3. You need to call AMEX to transfer one Costco to another product. Don't see why you need 2 Costco card now.

FICO goes to 900 as per Citi confirmation letter - just got approval letter today from Citi in which they state credit score ranges from 250 to 900. Remember, just because it is on the internet it isn't necessarily true, e.g. wikipedia.

Which Credit Card/s to get next
 

What Citi has given you is likely either a FICO8 or a VantageScore. Read the following if you would like more information. Hopefully you will trust one of these sources more than Wikipedia.

http://www.huffingtonpost.com/mybanktracker/how-does-the-fico-8-bankc_b_5246865.html

http://www.magnifymoney.com/blog/building-credit/citi-free-fico-scores-live-something-different367796063/

You can also go to FICO's website and read their own parameters on their score.

FICO scores go to 850. You can get a free annual credit report from each of the bureaus and you will see that the score Citi has given you is not a true FICO score. It is probably in the fine print of the document you received also.

Good luck in overhauling your card selection and I have to agree with the above post that having multiples of a card usually does not offer an advantage (although there certainly are exceptions to this rule.)

Happy point hunting!

Not all FICO scores go to 850. The standard 08 FICO goes to 850. The Bankcard version of the 08 goes to 900.

Which Credit Card/s to get next
 

Thank you for the correction. From their website:

Base FICO® Scores range from 300 to 850. Industry-specific FICO Scores range from 250-900.

Gary thank you for your reply. I think either travel or cash back would be acceptable. So suggestions here would be helpful. On the Costco Amex there is no annual fee so there not much penalty here. I will drop them next year in March after Costco drops Amex. If I drop either the Hyatt or the United what do I lose in terms of accumulated points. Is there a right way to do this?

I got an Amex BCP & Simply Cash when I heard about the Amex & Costco split. Plus BGR & PRG.

I still have the Costco card and am waiting till the end to see what thy offer me as a replacement, thought they may say I've done pretty good on my own :).

I have a BCE I may give up for a SPG or will wait until March for the business version of SPG.

I'd wait to see what Amex does with the Costco cards, they may allow a PC currently not available. We'll see.

Once the miles hit your account they're yours. I cancelled my Chase Southwest Visa right after the fee hit and I kept the 6k anniversary points that had been awarded right before that.

What exactly?

Both Hyatt and M+ are both travel cards. Both AMEX you have are cash back cards as well.

You have to be more specific - like you want cash back on restaurants, or which airlines you want to travel, etc.

Selecting credit cards do not have much difference from selecting a car for you.

It is an extremely bad idea to drop an issuer unless that issuer screws you. Even you may not want to use AMEX, it is still a good idea to keep an account open as well as the credit line.

As Costco drops AMEX, this opens an opportunity for you to switch. You can switch one now as you don't really need 2 cards that have the same purpose. For starter, you can switch to AMEX EveryDay Credit Card.

You only lose points that you are not entitled, such as chargeback, return, etc.

Other than that, any rewards you earn with a co-branded card stays with the co-brand.

I thought one needed to pay for the AF to get the anniversary points.

If I knew that I should have waited because i just cancelled one of my Chase SW visas

I wonder if anyone can do 100 cards in 5 years ? . Is it possible ?