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Thanks, But I’m Good – Solid Cards I Have Zero Plans to Obtain

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

best credit cards

The Best Credit Cards I Don’t Plan to Obtain

In the most general sense, any rewards credit card is a “good” card.  Even with a relatively lame card, an individual obtains some amount of rewards he or she wouldn’t with other payment methods, like debit card, cash, or – egads – check.  So when anyone says a card is “good”, it’s meaningless without context.  Like a phrase I loathe – “It is what it is” – it means nothing.  Today, I’ll be talking about several “good” cards with a bit more context on why they’re solid but not for me.  Why am I doing this?  From my perspective, to do best in our hobby, we must learn to say “no” now and then.  These are the best credit cards currently available that I have no intention of obtaining.

best credit cards

Capital One Venture X

I’ll start with the card getting the most attention these days – the Capital One Venture X card.  You can read the full MtM review of the Venture X here.  This card provides a variety of ultra premium benefits, like Capital One and Priority Pass lounge access, $300 Travel Credit*, PreCheck/Global Entry credit, and Hertz status.  I already have access to comparable or better perks with other cards, like many of you.  What’s that asterisk next to the travel credit?  That’s there because one must redeem the travel credit via Capital One’s travel portal.  With the exception of my recent experience with Amex’s Fine Hotels and Resorts, I now largely avoid banks’ travel portals.  I don’t like to be under the banks’ thumb for significant earning or redemption options.  Capital One ties their best earning and redemption benefits to their portal.  No, thanks.

We avoid services like AirBNB and VRBO, so the vacation rental benefits aren’t worth anything for us, either.  For people who don’t like banks’ travel portals, separately hold an ultra premium card from another bank, and/or aren’t interested in the vacation rental angle, the Venture X is basically the regular Venture card with a ton of breakage opportunity (paying for stuff one may not consume).  Nonetheless, people can look at the card simply as a welcome offer bonus opportunity, but the 100k point offer requires $10k spend.  The earning rate on the regular Venture welcome offer is better, though.  Add this to the Venture X being from a bank that is tremendously stingy on approvals and offers few other cards and rewards opportunities for consumers.  The Venture X may be great for many out there, but not me.

best credit cards

Bank of America Alaska Airlines Cards

Previously, I had the Bank of America Alaska Airlines Business card on my list to obtain.  I ultimately went with a few other cards, instead.  In and of themselves, the Alaska cards provide undeniable rewards to many out there.  Cardholders obtain useful welcome offers from these cards in a currency that is hard to otherwise obtain in high volume.  Also, many are huge fans of Alaska’s companion fare perk.  What’s not to love?

For the wife and I, there’s no ongoing value here.  I have a significant balance of Alaska miles from years ago – they transferred over from Virgin America’s program.  How many have we used?  Zero.  We haven’t been actively attempting to avoid Alaska or their partners – we just haven’t needed them.  Another reason I don’t value these cards is that there’s no incentive for us to spend on them beyond a welcome offer.  The companion fare is useless to us.  For us, these cards – the personal and business versions – boil down to a “buying miles” decision.  Sure, we could buy 40-60k miles for the annual fee, but why should we invest in a currency we have zero near or mid-term use for?

Regardless, we probably won’t be eligible for more Bank of America cards again anytime soon due to their application rules.   At any rate, I can totally understand why others go after the Alaska cards.

best credit cards

Discover Cards

I’ve touted my love for Discover before, primarily the Miles card.  This card is an uncapped 3% cash back method for the first cardmember year when taking into account the match of the 1.5% cash back.  Individuals can obtain the same welcome offer repeatedly by opening new accounts.  Indeed, my wife and I have done very well with the Miles card, multiple times each.  Similarly, the quarterly bonus category Discover It card earns 10% cash back the first cardmember year, and 5% thereafter.  So why won’t we bother with these cards again?

As impressive as a 3% cash back everywhere card sounds, we can consistently do better.  It’s a major reason we don’t consider this or any others an everyday spend card.  In a world of seemingly endless bonus point earning, Amex offers, and purchases with Visa gift cards (obtained with at least 7.5% cash back value with Chase), 3% is paltry.  We don’t require purchase protection for the types of items we buy, so Visa gift cards work great.

Sure 10% back on the It card may do better in certain situations, but bonus category spend is capped at $1.5k per quarter.  That’s a relatively small rewards sum for a not insignificant effort to obtain them.  That said, I can’t ignore Discover’s positives – I recommend their cards to others often.


While this certainly isn’t an all-inclusive list, these are the best credit cards which many enjoy that I just can’t bring myself to obtain.  No one rewards enthusiast has the same goals or situation.  Therefore, we can’t presume any one card is good enough for every person in the hobby.  Sure, some may better, but just like many other parts of life, there are no absolutes here.  And speaking of absolutes, I didn’t say “never” to any of the cards above – I just don’t plan on obtaining them.  But plans can change.  If they do, I’ll be sure to let you know.  What are the best credit cards you have little interest in currently?

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Benjy Harmon
Benjy Harmon
Benjy focuses on the intersection of points, travel, and financial independence (FI). An experienced world traveler, husband, and father, he currently roams throughout the USA close to expense-free. Benjy enjoys helping others achieve their FI and travel goals.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. The most beneficial lesson I learned in this hobby is to not force myself to run another person’s race. Just because he has it doesn’t mean I need to apply to get it as well.

    Some would call me crazy but the reason I have never applied for a Chase business card is because I don’t want to add another place to stop on top of my already busy route.

    I’m actually thinking about ditching the Amex Gold and getting the EveryDay Preferred. Reason being, once I hit the $6k im done. Whereas the gold I’ll just keep going and going and I just need a break from it.

    So Benjy, I agree…not that those cards are bad, they just aren’t the cards for me and I completely agree with your list.

    If the Alaska card has any other multiplier besides booking their metal with the card, I’d probably be all over it because Alaska miles can be very beneficial…just not at 1x because it takes too long to rack up enough outside of the bonus. It kind of reminds me of how hard it was to rack SPG points before the Marriott merger.

  2. A hilarious write up immediately followed by the blog imbedded ad announcing that the “Capital One Venture X is an exciting new premium card.”

  3. Benjy, to your point, the utility of any given card depends on the individual.

    How about an article focused on maximizing cash-back (discussing strategies such as your 5X combined with 1.5X on Chase) BUT emphasizing strategies that scale beyond the $25K limit of your Chase strategy? Scaling is the key. Thanks.

  4. Good article, Benjy, but how do you calculate earning “at least 7.5% cash back value with Chase” on Visa gift cards? I understand the 5% from office supply stores, but where do you get the rest?

    • Elizabeth,
      You’re correct on the 5x/5% from office supply – you’re just missing the additional 50% more value via Pay Yourself Back with the Chase Sapphire Reserve.

      • What am I missing here? I understand how you can move UR points between Chase cards, but PYB on the CSR doesn’t include office supply stores, or does it? And wouldn’t the original charges be on the business cards anyway? Thanks!

  5. Thanks for this reality-based article! I’ve just finished getting the SUB for the Citi Premier, and transferred to AA while that still existed. But now I’m wondering what value future points will have for me. I guess there are transfers to partners that URs also feed, but I’m getting pretty tired of several-step processes to get good value out of rewards cards. It’s tiring enough keeping up with all the temporary bonuses. Like the surreal 5x on Walmart using the CSR!

    • Ella,
      Have you considered just cashing out at 1 cpp on the Premier? Perhaps that’s not the value you’re looking for, but you have that ability now, it keeps things simple, and it gives you an immediate return.

  6. Refreshing, a blogger who isn’t pushing every trendy credit card. I’d add all of the Chase business cards (which are difficult approvals now for those of us without established business revenue).
    The Alaska cards are worthwhile to hold if you can use the $99 companion vouchers, otherwise not.

    • Boraxo,
      Thanks for the kind words, and you make a good point regarding Chase. Even for those who want to play by their 5/24 rules, an approval isn’t assured.

  7. Great article. I find myself in this boat often when a new card comes out. I used to jump on as many as I could – but why? I don’t move very fast on these now. I’m sort of immersed in the Membership Rewards program and look for every opportunity on these. With the multiple offers from the spring and summer for sign up points with no lifetime, I’ve got a few to dump when the fee comes due unless I can get a good retention offer. We’ll see.

    • R Johnson,
      Good perspective! Indeed, we all have plays we’re currently involved in. Rarely, if ever, does a new card jump to the front of the line given my other plans and goals.


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