How to get the most out of credit card rewards?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Regnohspf
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How to get the most out of credit card rewards?

Postby Regnohspf » Fri Apr 13, 2012 1:53 pm

What cards does everyone use to maximize their rewards?

I've been on a mission to collect a different credit card for different areas of spending.

Would like to see what other people are using and some tips :D

The cards im currently try to go after are Chase Freedom (just received), Citi Forward (for restaurants and use for plane tickets, i fly every 2 months will be applying in Sept after i meet the requirements for my $350 cash back from chase), Amex BCE to fill the gap for gas and groceries in between the categories for my Chase Freedom throughout the year.

You guys think the Amex Costco card is better than BCE?
Wells Fargo Student Credit Card Visa - $1300 (February 2011)
American Express Zync Charge Card (February 2012)
Chase Freedom Visa- $2000 5% rotating (April 2012)
Citi Forward Visa- $3000 - 5x at restaurants, amazon.com (April 2012)
Chase Sapphire Preferred Mastercard World Elite - $5000 (July 2012)

Credit cards left to attain
-Amex BCE/BCP


DavidNY
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Location: New York

Postby DavidNY » Fri Apr 13, 2012 7:56 pm

My recommendations:

Groceries: 2% on BofA Cash Rewards and sometimes 5% on Chase Freedom.
Gas: 3% on BofA Cash Rewards and sometimes 5% on Chase Freedom.
Restaurants: 2% on the Discover Open Road Card and sometimes 5% on Chase Freedom.
Everything else: 1% BofA Cash Rewards + small bonus for depositing the bonus into checking.

Money card
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Location: New York state

Postby Money card » Fri Apr 13, 2012 11:21 pm

I use my Discover a lot usually for the 5% cash back rotating categories, but I also shop too. Last year I received 3 gift cards from them. I just had my 2 newest credit cards, a green American Express and gold capitol1 Venture card.

I don't remember If I asked you this question, so I'm going to ask you this- do you travel on business?

If not what types of purchases do you use your cards for? Shopping at restaurants and clothing stores? Or do you use your cards at the gas stations, movies and grocery stores?

Without a doubt the American Express Blue Cash card is way better choice. You don't have to be a member to have it. You do have to be a member to have the aqua Costco card. What would happen if you had to move away from Orlando, job related reasons, and let's say for an example you moved where the closest Costco is1 00 miles away?

So if you had both cards, the Blue Cash card and the Costco card, you could continue to use your Blue Cash card. But you would have to call American Express and tell them what happened and they will help you out and cancel your Costco card.

Even if I was a Costco member which I'm not BUT IF I WAS, I would use my own private American Express card. So from your 2 choices, I would definitely choose the Blue Cash card over the Costco card.

4Runner
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Location: Pleasanton, CA

Postby 4Runner » Fri Apr 13, 2012 11:57 pm

I would go with the card that offers the best rewards, and will put all my expenses on it. In my case, I keep everything on my AMEX GPR.

Regnohspf
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Location: Orlando

Postby Regnohspf » Fri Apr 20, 2012 4:12 pm

Sorry for late response Money Card

I actually travel for leisurely, i travel to Virginia every 2-3 months, plane ticket avg for round trip $240 but after im there i spend probably $500 alone just on food and hanging out.

most of my purchases are gas, groceries, restaurants, and occasionally drop a good amount of money on clothes or electronics

I've been kinda steering away from BOA since I already have an account with Wells Fargo (originally wachovia back in 07) and then a credit card with Chase. Theres not many BOA's around where I live, have to go out of my way to get to one if I ever was to bank with them .

So Im looking at

Chase - covers my amex, 5% gas, 5% groceries, 5% for travel
Citi Forward 5 points at restaurants (including fast food), 5 points for amazon.com (i shop there often cause of amazon prime)
Amex BCE 3% groceries, 2% gas

How hard is it to get the Penfed Visa? that 5% gas is real tempting haha
Wells Fargo Student Credit Card Visa - $1300 (February 2011)
American Express Zync Charge Card (February 2012)
Chase Freedom Visa- $2000 5% rotating (April 2012)
Citi Forward Visa- $3000 - 5x at restaurants, amazon.com (April 2012)
Chase Sapphire Preferred Mastercard World Elite - $5000 (July 2012)

Credit cards left to attain
-Amex BCE/BCP

fantasy86dj
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Location: Australia

Postby fantasy86dj » Fri Apr 20, 2012 6:25 pm

The cards that I have are in my signature, but the Commonwealth Bank Diamond Awards is the card that I use 80% of the time with the 20% left over I use my NAB card. When I go away on holidays in the car (I am driving from Melbourne to Sydney next weekend) I will use my NAB card as it is my newest card and I am trying to get a good history with them.

I must be doing something right - my CBA card got a limit increase of $4500 yesterday and a few months ago my NAB limit went from $1500 to $4500. The links in my cards are included in my signature. I know I am in Australia and its completely different for me but that is my little process.

irvine801
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Location: Salt lake city, UT

Postby irvine801 » Fri Apr 20, 2012 8:31 pm

DavidNY wrote:My recommendations:

Groceries: 2% on BofA Cash Rewards and sometimes 5% on Chase Freedom.
Gas: 3% on BofA Cash Rewards and sometimes 5% on Chase Freedom.
Restaurants: 2% on the Discover Open Road Card and sometimes 5% on Chase Freedom.
Everything else: 1% BofA Cash Rewards + small bonus for depositing the bonus into checking.


correct me if I'm wrong but doesn't the Bankamericard only do the extra rewards for the first 6 months?
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

4Runner
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Posts: 148
Joined: Tue Aug 16, 2011 7:33 pm
Location: Pleasanton, CA

Postby 4Runner » Fri Apr 20, 2012 10:50 pm

I put all my expenses on my AMEX GPR and when I am traveling to other countries, everything goes to the Platinum.

Money card
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Location: New York state

Postby Money card » Wed Apr 25, 2012 11:24 pm

Regnohspf wrote:most of my purchases are gas, groceries, restaurants, and occasionally drop a good amount of money on clothes or electronics


Since you usually use your cards for gas, groceries and restaurants what do you think about the Discover open road card? You get 2% cash back on gas and restaurants.

You could also get a Blue cash card for your groceries what do you think?



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