Please Help Me to Build up a Credit Card Stack

MadMaxBargainRoad on 13/01/2016 - 10:42
Last edited 13/01/2016 - 10:45

Hi guys,

I am pretty unwise to leave this question to the last minute. I am one of those guys that never owned a credit card my whole life. However, time changed and my mortgage starts this Friday. I still prefer to spend my own money but I think it would be more economic to use a credit which I can take advantage of the interest free period and rewards on >$100 purchases.

Here are what I have now:

  • An ING Orange Everyday for 2% cashback and ATM access. This account is also my offset account.
  • A Citibank Visa Debit for oversea purchases and oversea ATM access
  • I am planning on opening a CBA low rate card to get the $250 cashback but this card does NOT have a reward program
  • I reckon I wouldn't spend more than $2K on the credit card a month before having kids
  • My wife and I flights to China once every few years. Typically we use China Southern for a direct flight but if the FF miles could provide a significant saving I don't mind using other Airlines and transfer via HK or SEA.
  • I am not sure if getting a card solely for its travel insurance is worth it
  • I have gone through the CC wiki here but still couldn't decide

Obviously there is not a single card that can do it all so I am just trying to see what you guys have in your wallet at the moment and what do you think is the best combo.

Any feedback or recommendation is appreciated!

Max

Financial

Comments

  • RockyRaccoon on 13/01/2016 - 10:52

    A Citibank Visa Debit for oversea purchases and oversea ATM access

    Be sure to get the card called Citibank Plus

    I am planning on opening a CBA low rate card to get the $250 cashback but this card does NOT have a reward program

    Choose the right one from CBA and you will get free Travel insurance, and you dont need to purchase the travel with this card to get the insurance

    • MadMaxBargainRoad on 13/01/2016 - 10:58

      Thanks dude, yeah I have been using Citibank Plus for several years.

      As for the CBA CC, I think the one with comes with free travel insurance has an extra $30 annual fee.

    • peuwayaqdq on 13/01/2016 - 20:27

      A question about Citibank Plus account, can anyone confirm that the Visa debit card that comes with it can be used anywhere Visa credit card is accepted? And with that I mean some places where it says debit card is not accepted (overseas). I am thinking that "debit card is not accepted" is really debit card that is like ATM card? I want to confirm that this Visa debit card that comes with Citibank Plus account function 100% like a Visa credit card when used to pay something at the counter. Cheers.

  • strikerzebra on 13/01/2016 - 10:54
    +1

    Have you been signing up for credit cards to get the points and cancelling before the next renewal?

    There are some good offers at the moment such as below;

    Qantas AmEx Premium Card ($249 Fee) - 82,500 Qantas Points & 2 Lounge Passes - https://www.ozbargain.com.au/node/228327

    NAB Velocity Rewards Premium Card 60,000 Velocity Points $150 Annual Fee (or 30,000 for $95) - https://www.ozbargain.com.au/node/214906

  • Holysmoke on 13/01/2016 - 20:32

    Should have an AMEX in your wallet. Apply from here: https://www.ozbargain.com.au/wiki/american_express_referrals

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