MBNA's Smart Cash Card - BEST CASHBACK CREDIT CARD EVER!!! | Page 17 | Credit card reward programs | Discussion forum

No, I have no issues with it, thanks. Sounds like a good deal for those who have sufficient income and who spend enough on the card to make it worth their while.
I will have to mull over whether it's better for me than my existing arrangement. Thx.

I am referring to the World Elite card, as described in post #315 above.
It's 2% straight up on all purchases, no limits or exclusions, no cap. I think this is a lot easier to deal with than the various threshholds and having to keep track of it all and jump from one card to another, so it gets my vote for that reason. I get really annoyed at the ones that say you get this much on so many groceries and that much on so much gas etc.
There is a fee of $89, but they give you a starting bonus of 10,000 points, equal to $100.
I can't find where it says that the first year fee is waived in addition to the bonus, but djino suggests that it is. (edited - I've found it now.)

I can't find anything at 4% except the fee-based Scotia Momentum, for groceries and gas, no cap, but it costs $99 (1st yr waived). (edited: The Scotia Momentum credit card which has the $99 fee has limits of $25,000 for the gas/grocery portion at 4% and also a limit of $25,000 for the drugs/recurring bills portion at 2%. The $39 card has a limit of $25,000 for gas/grocery/drugs/recurring bills altogether and pays 2% for these. The FREE Momentum card does not seem to have limits, probably because it pays less.)

Perhaps this World Elite card would be better for you, Greg, but it depends on whether you can justify the fee past the first year. (edited: probably that should be the 3rd year, as there is the $100.00 bonus to justify a 2nd year)

I think I'll wait and see what Costco comes up with. If they don't renew the exclusivity with Amex, there might be a better deal there. Most of my grocery bill is with Costco, so the credit cards that emphasize grocery purchases in their rewards schedule are not much use to me because of the Amex restriction.

Thanks, Norman. I found it now. I must have been looking at the wrong page.

It's impossible to predict the future. Procedures can change.
However, it should be possible.
It's also possible that by the time you want to switch, that you will re-evaluate what's out there and will want to go with a different card entirely. The market is always changing, and it's competitive for people with good credit scores.

I suggest you pick the card that suits you best now, and don't worry too much about the future.
I doubt that another credit check in a few years will have any negative impact on your credit rating. Too many of them, especially in close succession, could do so.
The main thing is to not go over your limit and pay it off every month.
Also, I read on a credit counselling website a while ago that it is recommended that you don't use more than about 30% of your available credit. Apparently they don't like it when you get too close to your limit. You can ask for increases periodically to gradually build it up.

You can always cancel a credit card if you don't want them all. My understanding is that they will not count that against you. They have a way to record that it was cancelled at customer request. I am not an expert, but this is what I have read.

I appreciate all the research you've done, and generally would agree with your conclusiions. You weren't asking for advice on that, but I just wanted to point out that as your income increases, so will your expenditures, and you will likely eventually find yourself wanting to spend more money in categories or with particular merchants that invite more credit cards.
Two others worth considering, IMO, are the new Capital One for Costco members and the JP Morgan Chase card with Amazon.
You probably don't belong to Costco, and that is a prerequisite. But at some point it may be worth your while to do so. This card gives back 3% on restaurant bills, which I don't think you'll find anywhere else.
The Amazon card allows you to avoid the foreign exchange fee (2.5%) when you shop online or when traveling outside the country, which you will likely do more of as your income goes up. These are both free cards.