Better alternatives to Elan Max Cash Preferred?
This might count as a recommendation request, so I am giving an intro paragraph followed by a request based on the template. Hope that's okay.
In December, I'm planning to apply for the Elan Max Cash Preferred card, in order to get the most out of my utility and internet bills. This is very similar to the US Bank Cash+.
- If my goal is to maximize the rewards I get from utility and internet bills, can anyone suggest better alternatives to these cards?
- I'm more focused on the long run, so I'd be interested to hear if you have some kind of answer like "get this card, it's not as good at first, but if you also get this card and use this trick, it will be better in the long run."
- I'm not interested in redeeming points for travel or entertainment. I'm mostly only interested in redeeming for statement credit or charity.
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Okay, here's my recommendation request based on the official template:
CREDIT PROFILE
- Current cards:
- "Normal" Visa 10,000, 10 years
- Alliant Visa 10,000, 6 months (finally getting serious)
- FICO
- Experian: 787 (per freecreditscore.com)
- TransUnion: don't know
- Equifax: don't know
- Oldest card:
- 10 years
- Cards in past 6 months:
- currently 1, will be 0 by the time I apply
- Cards in past 12 months:
- 1
- Cards in past 24 months:
- 1
- * Annual income:
- $100-200k
CATEGORIES:
- I'm okay with category-specific and rotating
- Annual Spending:
- Rent: Can't pay by credit card
- Utilities: $5000
- Internet: $1500
- Phone: $200
- Streaming: $100
- Groceries: $1000 Target+Walmart, $3000 other*
- * - I'm planning to get a grocery-specific card later, so I'm not interested in grocery cards right now unless it is part of a complex master plan
- Gas: $500
- Travel: $150 transit, $150 campsites
- Abroad: $0
- Charity: $5000
- Professional services: $2500
- Miscellaneous online shopping: $1000 (mostly gift card sites, videogames, bandcamp, aliexpress, sites with used items like ebay/poshmark)
- Taxes above withheld: $500
- Gym: $400
- Insurance: $300
- Bike and car repairs: $200
MEMBERSHIPS & SUBSCRIPTIONS (delete lines that don't apply)
- Open to business cards, I sometimes have side hustles*
- *But I want to do things "by the book," i.e. I want to follow the terms of any business card in an overly rule-following sort of way because I'm scared of getting in trouble.
- US Bank
PURPOSE
- Purpose of next card: saving money
- Cards I've been looking at: Elan Max Cash Preferred, US Bank Cash+, Safe
Posted Nov 4, 2022, 1:38 AM UTC · edited
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