Best Rewards Credit Card Consumer Review
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Posted: Fri Oct 01, 2004 1:52 pm
Post subject: Best Rewards Credit Card Consumer Review
Jim Carden
Date: 1/29/2001 5:04 pm CDT
Please advise!
> >
> > I recently was approved for and have the subj.card with a 10,000. credit
> > line.
> > I pay my entire balances each month and wanted this card because they
> > advertised air travel for dollars charged.
> > On this card, I've charged more than 10,000 in the last 2 months and
have
> > not received any notice of air fare rewards.
> >
> > A week after I applied for the subj. card, a company (?) called and
> > suggested I cancell my LPGA card and 2 others. This company (?) rep said
> > that his company issued all of the cards that I had and the new Suntrust
> > Card would take their place.......I agreed......to cancell the others.
> >
> > My credit is unblemished .and...Since I carry no cash balances the
> interest
> > rate is unimportant to me......Please advise me: what card should I have
> for
> > travel, rewards or cash back?
> >
> > I also would like a higher credit limit as I travel a lot etc.
> >
> > Thanks,
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Fri Oct 01, 2004 1:52 pm
Post subject: Best Rewards Credit Card Consumer Review
Board Monitor - AD
Date: 1/31/2001 9:37 am CDT
Dear Jim,
I would look for a reward card that gives you the most bang for your buck. Most reward cards offer rebates, rewards, etc. to the equivalent of 1% - 2%. But some do offer higher rebates at specific retailers, such as a 5% cash back rebate offered at partcipating retailers through various First USA credit cards.
In terms of miles, the normal reward is one mile per every dollar spent. However, some frequent flier cards offer 1.2 miles or double miles at participating merchants. Of course, the majority of cards that offer additional miles also have higher annual fees.
It's best to do the math, if you frequently purchase at a specific retailer, look for a credit card that offers high rebates for that retailer. If you frequently fly on a specific airline, look for a credit card that offers bonus miles for travel on your favorite airline.
Also, if you pay in full each month, you may want to consider a charge card, such as an American Express card. They tend to have loads of benefits and access to a reward program (Membership Rewards).
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Oct 01, 2004 1:52 pm
Post subject: Best Rewards Credit Card Consumer Review
Jim Carden
Date: 1/29/2001 5:04 pm CDT
Please advise!
> >
> > I recently was approved for and have the subj.card with a 10,000. credit
> > line.
> > I pay my entire balances each month and wanted this card because they
> > advertised air travel for dollars charged.
> > On this card, I've charged more than 10,000 in the last 2 months and
have
> > not received any notice of air fare rewards.
> >
> > A week after I applied for the subj. card, a company (?) called and
> > suggested I cancell my LPGA card and 2 others. This company (?) rep said
> > that his company issued all of the cards that I had and the new Suntrust
> > Card would take their place.......I agreed......to cancell the others.
> >
> > My credit is unblemished .and...Since I carry no cash balances the
> interest
> > rate is unimportant to me......Please advise me: what card should I have
> for
> > travel, rewards or cash back?
> >
> > I also would like a higher credit limit as I travel a lot etc.
> >
> > Thanks,
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Fri Oct 01, 2004 1:52 pm
Post subject: Best Rewards Credit Card Consumer Review
Board Monitor - AD
Date: 1/31/2001 9:37 am CDT
Dear Jim,
I would look for a reward card that gives you the most bang for your buck. Most reward cards offer rebates, rewards, etc. to the equivalent of 1% - 2%. But some do offer higher rebates at specific retailers, such as a 5% cash back rebate offered at partcipating retailers through various First USA credit cards.
In terms of miles, the normal reward is one mile per every dollar spent. However, some frequent flier cards offer 1.2 miles or double miles at participating merchants. Of course, the majority of cards that offer additional miles also have higher annual fees.
It's best to do the math, if you frequently purchase at a specific retailer, look for a credit card that offers high rebates for that retailer. If you frequently fly on a specific airline, look for a credit card that offers bonus miles for travel on your favorite airline.
Also, if you pay in full each month, you may want to consider a charge card, such as an American Express card. They tend to have loads of benefits and access to a reward program (Membership Rewards).
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:46 PM
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