Which C/C should I get ?

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Forum -> Household Management -> Finances

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Which Credit card would you get ?

Citi

56%

[ 14 ]

Capitalone

44%

[ 11 ]

Total Votes : 25

amother

Mon, Nov 20 2023, 10:08 am

At the moment there are two offers but I am not sure which one to get.

1 citi double cash 2% and 200 dollar bonus (not that common to have the bonus)

2 Capital one 1.5% and 300 dollar bonus.

Which card would you get ? (also not good at numbers but on the long run would the double cash earn me more ?)

amother

Magnolia

Mon, Nov 20 2023, 10:10 am

We use the citi card as our main cc. It has the best value for cashback in the long run. Does capital one have cashback on all purchases?

amother

Hydrangea

Mon, Nov 20 2023, 10:23 am

Are there any annual fees? It’s good to compare the interest rate (APY) on each card and maybe pick the one with the lower rate if there’s a substantial difference in case you end up in debt on that card.

amother

Aubergine

Mon, Nov 20 2023, 2:10 pm

My Capital One Cash card (no annual fee) does not charge a fee for overseas transactions, so it's useful for that. Not sure if the Citi card offers the same benefit.

Phoebe31

Mon, Nov 20 2023, 2:16 pm

Capital One Venture has 75k points and gives you 2x points for every dollar, I'd say go with that

Moonlight

Mon, Nov 20 2023, 2:31 pm

amother OP wrote:

With simple math, you would have to spend over $20,000 on citi card to make up for the extra bonus from capital one. If u spend more than that, citi is worth it

amother

Mon, Nov 20 2023, 4:23 pm

amother Magnolia wrote:

We use the citi card as our main cc. It has the best value for cashback in the long run. Does capital one have cashback on all purchases?

yes.

amother

Mon, Nov 20 2023, 4:24 pm

amother Hydrangea wrote:

no annual fees. I dont plan on paying late nor have I ever done so so interest rate isn't really relevent.

amother

Mon, Nov 20 2023, 4:25 pm

Phoebe31 wrote:

Capital One Venture has 75k points and gives you 2x points for every dollar, I'd say go with that

I heard of that card. But I beleive it has an annual fee. Not ready for it yet...

amother

Aubergine

Mon, Nov 20 2023, 5:06 pm

amother OP wrote:

I heard of that card. But I believe it has an annual fee. Not ready for it yet...

Yes, $95. I don't have any annual fee cards either.

amother

Sapphire

Mon, Nov 20 2023, 11:53 pm

Moonlight wrote:

With simple math, you would have to spend over $20,000 on citi card to make up for the extra bonus from capital one. If u spend more than that, citi is worth it

Eventually you will spend more than 20k assuming long term, afaik most people spend that much within a year or two... I have this card for about 8 years and have made thousands lol. Not sure how exactly I'm not a huge spender...

amother

Diamond

Tue, Nov 21 2023, 10:36 am

There’s no single answer. The question is what is best for you.
Do you pay off balance in full every month? How often do you get a new cc? How much do you spend on CC annually?
Some cards have great signup bonuses but high annual fees so it’s great the first year but not worth it after that.
If you carry a balance then a slightly higher interest rate will wipe out any potential benefits.
You really have to know your situation.

amother

Mocha

Tue, Nov 21 2023, 11:00 am

Why not get both? You'll get both bonuses and they both have no annual cost.

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