ADVERTISER DISCLOSURE: DaddyTravelsNow is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.

Best Credit Cards if you are under 5/24 – Daddy Travels Top Picks (Oct 2022)

ADVERTISER DISCLOSURE: DaddyTravelsNow is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com  This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

For more travel deals and tips, follow me on my travel page on Facebook or Instagram or YouTube or Twitter

UPDATED: Oct 19, 2022

Which credit card should I start with or which card should I get next

It all goes back to basics
  • Know your 5/24 status – don’t know what it is? Please read this. This is really key to planning your strategy. Know that I, and many of the other seasoned experts will refer back to this over and over again. So it pays to know your 5/24 status – the # of credit cards you opened within the last 24 months. This is not the time to guess. This entry will show you how to double check. The 5/24 rule.
  • Which travel rewards credit card/s do you currently have now (if any)
  • What are your goals?
  • Do you have another person in the household or in your family who is or will be doing this? Possibly partner up and earn rewards together
  • Do you have a small business or a side gig, a side hustle?

    Kalapa Resort Canggu, Bali

Beware of the shiny card syndrome

One of my biggest mistakes early on was the shiny card syndrome. What does that mean? I was blinded by the big, flashing lights of 150K, 100K bonus offers, and did not pay close attention to the ones that I thought were worth less since the numerical value seemed much lower. Just remember that not all credit card values are the same. They are just like foreign currency.
$100 USD vs 100 Yen vs 100 British Pounds – they are NOT worth the same
This notion is the same for credit cards.

What will you find in common with many credit card offers?

  • Bonus points or rewards – This is usually the first thing that catches your eyes – the bonus, the rewards. This is the prize, some credit cards offer bonus that come in the form of bonus miles or points, or free nights at hotels, or cash back.
  • Minimum spend – Before earning the bonus points or rewards, you have to meet the bank’s requirement of meeting a target minimum spend. Many of them require  you to meet the spend in 3 months, others up to 6 months. So you have to be aware of the target deadline to meet these required spend. In addition, this is usually done through purchases. Balance transfers are NOT purchases and will not count towards meeting a minimum spend.
  • Annual fee – while there are some cards with NO annual fee, many of these travel rewards cards do charge an annual fee. Why? They come loaded with bonus, perks, and protection. So choose wisely.
  • Added benefits – look for the added bonus from these cards (elite status, Global Entry/TSA Precheck Credit, airport lounge access, and more).

5/24 checkpoint

STOP. Have you really checked your 5/24 status? Because if you haven’t….I suggest for you to stop, and check this. The 5/24 Rule.

If you are under 5/24

Ok…if you’re reading this part I assume you’ve learned you are under 5/24. And if you are, you should know that the best strategy is to focus on Chase credit cards. Trust me, I know there are more cards out there. And yes, the world does not revolve around the Chase Sapphire Preferred. But it truly is the best starter credit card. So if you’re about to start this journey, best to start with Chase Sapphire Preferred.
Here’s a good list to consider when you’re under 5/24. If you have a small business, when you’re under 5/24, this would also factor in to your strategy by getting business credit cards while under 5/24.

Personal/Consumer Credit Cards if you are UNDER 5/24

  • Chase Sapphire Preferred® Card
    • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • Annual fee $95
  • Chase Sapphire Reserve®
    • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • Annual fee $550
  • Chase Freedom Flex℠
    • $200 bonus cash back after you spend $500 on purchases in your first 3 months from account opening.
    • Annual Fee $0
  • Chase Freedom Unlimited®
    • Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year).
    • 0% Intro APR on Balance Transfers for 15 months
    • Annual Fee $0
  • The World of Hyatt Credit Card
    • Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.
    • Receive one free night at any Category 1–4 Hyatt hotel or resort every year after your cardmember anniversary.
    • Receive World of Hyatt Discoverist status for as long as your account is open.
    • Annual fee $95
  • Southwest Rapid Rewards® Priority Credit Card
    • Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months.
    • Annual Fee $149
  • Southwest Rapid Rewards® Premier Credit Card
      • Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months
      • Annual Fee $99
  • Southwest Rapid Rewards® Plus Credit Card
      • Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months.
      • Annual Fee $69
  • IHG® Rewards Club Premier Credit Card
    • New Offer: Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening.
    • Annual fee $99
  • IHG® Rewards Club Traveler Credit Card
    • Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening
    • Annual fee $0
  • British Airways Visa Signature® Card
    • Earn up to 100,000 Avios. Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening and earn an additional 25,000 Avios after you spend $20,000 in the first 12 months of account opening.
    • Annual fee $95
  • Aer Lingus Visa Signature® Card
    • Earn up to 100,000 Avios. Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening and earn an additional 25,000 Avios after you spend $20,000 in the first 12 months of account opening.
    • Annual fee $95
  • Iberia Visa Signature® Card
    • Earn up to 100,000 Avios. Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening and earn an additional 25,000 Avios after you spend $20,000 in the first 12 months of account opening.
    • Annual fee $95
  • United Club℠ Infinite Card
    • Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening.
    • Up to $100 Global Entry, TSA PreCheck® or NEXUS fee credit.
    • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
    • Annual fee $525
  • United Gateway℠ Card
    • Earn 20,000 bonus miles after you spend $1,000 on purchases in the first 3 months your account is open
    • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
    • $0 annual fee
  • United Quest℠ Card
    • Earn 70,000 bonus miles after you spend $4,000 on purchases in the first 3 months your account is open.
    • Earn 2x miles on dining including eligible delivery services, select streaming services, and all other travel
    • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24
    • Annual fee $250
  • United℠ Explorer Card
    • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
    • Up to $100 Global Entry, TSA PreCheck® or NEXUS fee credit.
    • 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights and on Club premium drinks when you pay with your Explorer Card.
    • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
    • $0 for your first year, then $95.
  • Marriott Bonvoy Boundless® Credit Card
    • Limited Time Offer! Earn 100,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening.
    • Enjoy a Free Night Award every year after your account anniversary, valid for a one night hotel stay at a property with a redemption level up to 35,000 points.
    • Annual fee $95
  • Marriott Bonvoy Bold® Credit Card
      • Limited Time Offer! Earn 60,000 Bonus Points after you spend $2,000 on purchases in the first 3 months from account opening.
      • Annual Fee $0
  • Aeroplan® Credit Card
    •  Earn 70,000 points after you spend $3,000 on purchases in the first 3 months.
    • Annual fee $95

Day trip in Tarragona, Spain

Business Credit Cards if you are UNDER 5/24

  • Ink Business Cash® Credit Card
    • Earn $750 Bonus Cash Back after you spend $7,500 on purchases in the first 3 months from account opening
    • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year.
    • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
    • Annual fee $0
  • Ink Business Unlimited® Card
    • Earn $750 Cash Back
    • Earn unlimited 1.5% Cash Back rewards on every purchase
    • Annual fee $0
  • Chase Ink Business Preferred® Credit Card
    • Earn 100,000 Chase Ultimate Rewards Points after you spend $15,000 on purchases in the first 3 months from account opening.
    • Annual fee $95
  • World of Hyatt Business Credit Card
    • Earn 60,000 bonus points after spending $5,000 on purchases within the first three months from account opening.
    • Limited Time offer: Apply by 10/6/22 and get the card to receive 2 Tier-Qualifying Night Credits for each night you stay from 8/23/22 through 12/31/22
    • Annual fee $199
  • IHG® Rewards Premier Business Credit Card
    • Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening
    • Annual fee $99
  • United℠ Business Card
    • Earn up to 150,000 bonus miles. Earn 75,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. Plus, earn an additional 75,000 miles after you spend $20,000 total on purchases in the first 6 months your account is open.
    • Get one-year complimentary DashPass, a membership for both DoorDash and Caviar that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by 12/31/24.
    • Annual fee $0 for your first year, then $99
  • Southwest Rapid Rewards® Premier Business Credit Card
    • Earn 60,000 bonus points after you spend $3,000 on purchases in the first 3 months.
    • Annual fee $99
  • Southwest Rapid Rewards® Performance Business Credit Card
    • 80,000 bonus points after you spend $5,000 on purchases in the first 3 months.
    • Annual fee $199

There are many, many more credit cards out there. The ones shown above are all of the credit cards suggested for those who are under 5/24.

If you are OVER 5/24

Stay tuned for a list of suggested credit cards to those who are over 5/24.

Want to see other credit cards for you to choose from?

If you still want to see many more credit cards, I have to a list of over 60 credit cards. Check this list to learn more.

NOTE: Offers are subject to change. This was the offer at the time this blog entry was written.

For more travel deals and tips, follow me on my travel page on Facebook or Instagram or YouTube or Twitter

Editorial Disclosure – The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Leave a Reply

Editorial Disclosure: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
%d bloggers like this: