Best Credit Card with Rewards?
Guest: BAH
Post subject: Best Credit Card with Rewards?
Posted: Thu Mar 02, 2006 12:31 pm
Ok here is the deal. I have excellent credit and I am looking for a new reward card. Currently my wife and I have a Citi AA card. However we never fly, we got the card to earn miles for a Europe trip. We use this card for everything and pay it off entirely each month. We spend a bunch! Last year was over $115K and we have over 300K miles . So needless to say we have enough for Europe.
Now I would like to leverage that spending to get some cash or different rewards. I really don't want to have more than 1 card to get the rewards, and most cash back cards have an annual limit or a low 1% return. I would like to stay away from and annual fee since it eats away at the cash back.
I was considering the Chase Cash Plus, but cannot find if it has an annual cash back limit.
I already have another Citi Drivers Edge card, but I never use it and have never turned in the points. So if Citi has a card with no annual limit and good cash back I could switch easier than going to Chase.
Really I just don't want to have to mess with rewards. I would like something easy to manage, and beneficial wherever I shop.
Thanks for any advise!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest:maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Mar 02, 2006 12:40 pm
let's see you spend 115k/yr and only want 1 card? and more than 1% back and no cap? I would look at amex blue (no cap and 5% on everyday purchases when spend over 6500 and 2% on everything else. I think some of the other cards (household and BOA have some other high roller cards with higher cash back also.) BOA was discussed recently.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: BAH
Posted: Thu Mar 02, 2006 1:29 pm
Thanks for the info I will look into it, I knew there had to be something better. I know it probably sounds stupid that I am whining about 1% when I spend so much, but it is not all my income. I expense a good portion of that through where I work. They have offered to get me a card, but I always find a way to convince them to let me use mine so I can get the benefit.
Plus next year I will be building a new house and have some funds saved up. So on the construction loan I was planning on the first big draws (concrete, framing) to pay that with the card to buy me the grace period of interest on the construction loan, then pay it off with savings. If I can find the vendors I should be able to get 60 days off of the high interest construction loan before I finance it into a mortgage.
Anyway thanks for the help.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: BAH
Posted: Thu Mar 02, 2006 1:55 pm
FYI I went ahead with the Amex Blue. 2 main reasons, 1 I have never had an Amex card and 2 I shop at Costco a bunch so now I don't have to write a check or use my bank card. FYI after $6500 it looks like they have dropped it to 1.5% on everything else instead of 2%.
Thanks for the advice.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Mar 02, 2006 4:23 pm
you are right. it is 1.5% and not 2. I remembered wrong.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Mar 02, 2006 5:05 pm
If you're looking for a good reward card, you may want to consider the Chase Rewards Plus Mastercard. The card has no annual fee. Now don't get it mixed up with the Chase Cash Plus Rewards. While the rebate structure is the same (5 points per dollar on gas, groceries, drugstore, 1 point per dollar on everything else), the annual rebate limit is not.
The Chase Cash Plus Rewards card has a $300 yearly rebate limit, just like its grandfather, the Citi Dividend Platinum Select (Hey, it came first!).
However, the Chase Rewards Plus has a yearly point limit of 75,000 points. This is the equivalent to $750 you can earn in one year.
There are a couple catches, only 60,000 of those yearly points can be redeemed for cash in one year, but your points don't expire for 2 years, so either wait till the end of the year to redeem the other 15,000 points ($150) for cash, or you can redeem it in gift cards to your favorite merchants.
Also, to get the maximum 5%, 1% rebate on your purchases, you have to redeem your points in $100 increments (10,000 points = $100 cash, as opposed to 3,500 points = $25, you get my point). But you spend a lot per year, so this shouldn't be a problem.
Chase's year is a "calendar year," meaning this yearly limit goes from January-December, no matter when you get the card.
I'm not sure if there is a signup bonus, but check your local Smart Source coupon advertisements. There may be one in there. Hope this helps.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Best Credit Card with Rewards?
Posted: Thu Mar 02, 2006 12:31 pm
Ok here is the deal. I have excellent credit and I am looking for a new reward card. Currently my wife and I have a Citi AA card. However we never fly, we got the card to earn miles for a Europe trip. We use this card for everything and pay it off entirely each month. We spend a bunch! Last year was over $115K and we have over 300K miles . So needless to say we have enough for Europe.
Now I would like to leverage that spending to get some cash or different rewards. I really don't want to have more than 1 card to get the rewards, and most cash back cards have an annual limit or a low 1% return. I would like to stay away from and annual fee since it eats away at the cash back.
I was considering the Chase Cash Plus, but cannot find if it has an annual cash back limit.
I already have another Citi Drivers Edge card, but I never use it and have never turned in the points. So if Citi has a card with no annual limit and good cash back I could switch easier than going to Chase.
Really I just don't want to have to mess with rewards. I would like something easy to manage, and beneficial wherever I shop.
Thanks for any advise!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest:maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Mar 02, 2006 12:40 pm
let's see you spend 115k/yr and only want 1 card? and more than 1% back and no cap? I would look at amex blue (no cap and 5% on everyday purchases when spend over 6500 and 2% on everything else. I think some of the other cards (household and BOA have some other high roller cards with higher cash back also.) BOA was discussed recently.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: BAH
Posted: Thu Mar 02, 2006 1:29 pm
Thanks for the info I will look into it, I knew there had to be something better. I know it probably sounds stupid that I am whining about 1% when I spend so much, but it is not all my income. I expense a good portion of that through where I work. They have offered to get me a card, but I always find a way to convince them to let me use mine so I can get the benefit.
Plus next year I will be building a new house and have some funds saved up. So on the construction loan I was planning on the first big draws (concrete, framing) to pay that with the card to buy me the grace period of interest on the construction loan, then pay it off with savings. If I can find the vendors I should be able to get 60 days off of the high interest construction loan before I finance it into a mortgage.
Anyway thanks for the help.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: BAH
Posted: Thu Mar 02, 2006 1:55 pm
FYI I went ahead with the Amex Blue. 2 main reasons, 1 I have never had an Amex card and 2 I shop at Costco a bunch so now I don't have to write a check or use my bank card. FYI after $6500 it looks like they have dropped it to 1.5% on everything else instead of 2%.
Thanks for the advice.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Thu Mar 02, 2006 4:23 pm
you are right. it is 1.5% and not 2. I remembered wrong.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Mar 02, 2006 5:05 pm
If you're looking for a good reward card, you may want to consider the Chase Rewards Plus Mastercard. The card has no annual fee. Now don't get it mixed up with the Chase Cash Plus Rewards. While the rebate structure is the same (5 points per dollar on gas, groceries, drugstore, 1 point per dollar on everything else), the annual rebate limit is not.
The Chase Cash Plus Rewards card has a $300 yearly rebate limit, just like its grandfather, the Citi Dividend Platinum Select (Hey, it came first!).
However, the Chase Rewards Plus has a yearly point limit of 75,000 points. This is the equivalent to $750 you can earn in one year.
There are a couple catches, only 60,000 of those yearly points can be redeemed for cash in one year, but your points don't expire for 2 years, so either wait till the end of the year to redeem the other 15,000 points ($150) for cash, or you can redeem it in gift cards to your favorite merchants.
Also, to get the maximum 5%, 1% rebate on your purchases, you have to redeem your points in $100 increments (10,000 points = $100 cash, as opposed to 3,500 points = $25, you get my point). But you spend a lot per year, so this shouldn't be a problem.
Chase's year is a "calendar year," meaning this yearly limit goes from January-December, no matter when you get the card.
I'm not sure if there is a signup bonus, but check your local Smart Source coupon advertisements. There may be one in there. Hope this helps.
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 12:47 PM
0 Comments:
Post a Comment
<< Home