Planned spending of around $100K-$200K/month on online shopping. How to maximize cash-back?
Current cards:
- Venmo $8,000 limit, Jan 2025
FICO score: 804
Oldest account age: Among accounts I actually opened myself, about a week; I think my mom signed me onto her card about 2 years ago.
Chase 5/24 status: 1/24
Income: Around $500,000/year
Average monthly spend and categories: I'm not positive but I travel a lot for my work which incurs thousands in gas costs, and I probably will wind up spending $100K-$200K/month in "online shopping"
Open to business cards: Yes
What's the purpose of your next card? Cashback
Do you have any cards you've been looking at? American Express Blue Cash Unlimited, Bank of America Cash Rewards
Are you OK with category spending or do you want a general spending card? Yes, I'm okay with category spending.
I've never had a credit card before, except my mom put my name on several of her cards 2 years ago (JPMCB and PNC Bank, according to a credit report). I applied for Venmo's credit card as it offers 3% cashback, but my credit limit is only $8,000. I don't have any other credit cards. What are the credit cards I should try to get to optimize cash-back?