Finally Leaving Commbank! Help Me Create a Reward Strategy and Choose Credit Cards Please
I am finally decided to leave Commbank. Have been with the bank forever (home loan, dd, cc, insurance etc). Refinanced my home loan two years back to another bank but I have been still using the credit card. In the past I have moved my platinum cc to gold rate Mastercard. I no longer had the wealth package so paying $350 plus fees for the card didn't seem right.
Lately, I have doing some research on how to maximise reward points and would like to your help/advice.
More about me and -
In my mid 30s.
Salary is $90k+
Married and have a 5 year old kid.
Wife has always had a separate cc card but looking at adding her as an additional card holder on my account to earn rewards.
Can pay cc bills in full at the end of every month easily.
Monthly spend from CC will be easily $3000+ if I can put everything on the card.
what I am looking at-
Cancel current gold rate master card with Commbank.
Apply for 1 or 2 credit card and pay all bills and buy everything using the card including my son's monthly school and other activities fee.
Travel at least once a year. Really want my son to experience travel.
Travel mostly interstate at least once a year and to Mumbai once every two year as I have family there.
Prefer Singapore or Thai airways (Singapore more!).
Would love to get travel insurance as part of the CC.
Lounge access would be cool, though I have never never used this option
American Express Platinum Edge card - The only issue is every time I have looked at international flights, they are expensive than normal. Also the use of Amex will be limited to Coles, maybe Petrol and a couple of restaurants. So not 100% is this is worth it even though there is $200/year travel credit that can be used.
I have never used Amex before so I may not have the knowledge or understand the benefits completely.
Citibank Platinum Visa -
will need a Visa card if I get the Amex and I found the current bonus offer pretty good and the fee is reasonable.
What do you think of the strategy? Should I look at another cards? I have tried looking at the cc compare websites and found the info overwhelming and at times not updated. Also found that most of the websites were promoting cards and bonuses.
Any advice/tips will be appreciated.