Are you looking to build your Tradeline roster or simply get the best cashback/reward terms? These are the credit cards that Lane recommends and has himself.
Personal Business Cards
Blue Cash Preferred® Card
Why? (+ Pros - Cons)
- 6% Cash Back on Groceries
- No Annual Fee
- I used this for groceries and get an extra card to give to my wife. From time to time I will want to waste my time buying Amazon gift cards (at 6% cashback) at Safeway or other grocery categorized vendor
The Platinum Card®
Why? (+ Pros - Cons)
- Airport Lounge Access, free Pre-TSA. $100 Sacks Fifth, $200 travel credit, Uber credits and VIP status
- Big Annual Fee
- If you really like to get airport lounge access this is one of the best credit cards. You have to send a lot of time getting a lot of the other perks to make it negate the annual spend. The only other unique thing is getting Uber VIP status.
Business Cards (For LLCs)
American Express Blue Business Cash™ Card
Why? (+ Pros - Cons)
- 2% Cash Back on everything
- No Annual Fee
- This is my catch all that does not fit in a 3-5% spend category
Amazon Business Prime American Express Card
Why? (+ Pros - Cons)
- 5% Cash Back on Amazon
- No Annual Fee
- I only used this one for Amazon where its business expenses. For personal Amazon purchases I use the Gift cards I buy at grocery story with the Amex Blue Cash Preferred Card
American Express SimplyCash(SM)for Business
Why? (+ Pros - Cons)
- 5% Cash Back on Wireless Services/Office Supplies
- No Annual Fee
- I have had this one for a really long time and it has sorta been replaced by other cards but can be a great catch all with at least 1%. It might make sense if you have a lot of Office Space spend.
American Express SimplyCash(SM)for Business
Why? (+ Pros - Cons)
- 4% Cash Back on "Any Pick 2" catgories
- Big Annual Fee
- There are a bunch of perks on this card but a large annual fee. If you cannot make the 4% pick two category justify the cost this card may not be for you.
