Credit Tips: Rewards Credit Card Comparisons

Posted On: May 1, 2006

Author: Ted3
Posted: Fri Feb 03, 2006 7:13 am
Post subject: Reward credit cards not worth it/

Having ever owned only one credit card my entire life, I am now more interested in getting a new credit card- a reward credit card. I have been leaning toward one of these two reward credit cards http://tinyurl.com/bbkdg (the green and the blue one).

I do not travel a lot but I make most of my purchases online, which requires a credit card. Any suggestions?

Author: Tek
Posted: Fri Feb 03, 2006 7:47 am
Post subject: Rewards Credit Cards

Hi Ted,

Here are my thoughts. I use an American Express Gold Rewards card. I have had Chase Reward cards and looked into just about every other card out there.

It’s a fact that American Express has the best Membership Rewards program around. It is also a fact that you will pay for the best program they offer. If you are going to charge all your everyday purchases to your card then go with a Amex Rewards Charge card.

I earned enough points my first year with my Amex card to pay for it for the next three. Not to mention the insurance benefits that have saved me a bundle. If you go with the Green Rewards you earn two points on all gas, food, and drugstore purchases. If you go Blue card you get 1 point for everything you spend and never can earn two.

If you go with the Green card and use it on a regular basis, the $60 will be paid back to you three times over in the form of points, rewards, discounts, and protection.

Author: Polonius
Posted: Fri Feb 03, 2006 10:33 am
Post subject: Rewards Credit Card Comparisons

Quote:
It’s a fact that American Express has the best Membership Rewards program around.
No, it isn’t a fact. It’s your opinion.

There are many different rewards programs out there, and which is the best for any particular person depends on his/her needs and spending patterns. There is no single rewards program that’s best for everyone. Most of us have a number of cards and use them as appropriate to gain maximum benefits.

And, for whatever it’s worth, I have four American Express cards. I use its rewards program only for airline travel. My other non-AmEx rewards cards are better–FOR ME

author: Board Monitor
Posted: Fri Feb 03, 2006 4:24 pm
Post subject: Re: Reward credit cards not worth it/

Ted3 wrote:
Having ever owned only one credit card my entire life, I am now more interested in getting a new credit card- a reward credit card. I have been leaning toward one of these two reward credit cards http://tinyurl.com/bbkdg (the green and the blue one).

I do not travel a lot but I make most of my purchases online, which requires a credit card. Any suggestions?

Ted,

Greetings and welcome to the board! You can comparison shop for the best reward cards here:

http://www.cardratings.com/cardrepfr.html

Good luck and let us know how things turn out…