Points/Redemption Newbie Questions

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
2 posts
Bama87
Platinum Member
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Joined: Sat Apr 19, 2014 12:00 am
Location: USA

Points/Redemption Newbie Questions

Postby Bama87 » Thu May 08, 2014 4:53 pm

How do you guys keep up with all of your information for moving points around?

I have the Capital One Venture and Discover IT cards (well plus some local CU cards) just because they are very simple to use and redeem.

CO - Buy a travel item, go online to CO website and use points to pay off.
Discover - Havent received statement credit yet, but I assume the same thing. Get $ back, use it for statement credit.
Local - $ back goes straight back into my account at the end of the month.

I am going to get an American Express card by the end of the year, but I am kind of struggling with which one. Was thinking about BCE or possibly the ED. Do you think it would be beneficial for someone who won't travel a lot, if ever in the next few years, to get a card that offers rewards instead of cash back in the long run? We prob will not be traveling, besides car trips, at least for the next 3-4 years. It just seems like such a headache to try to keep up with all sorts of logins and points and signing up for everyones reward programs just to use points on a 4-5 day trip that we might take every now and then.

Now dont take this as I hate reward points, I just honestly dont really understand them. To the guys who play the points game, where in the world did you start?


takeshi
Centurion Member
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Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Fri May 09, 2014 10:52 am

My points are just with UR so there's not much to keep up with. I just combine points from my 3 UR cards into one account.

Bama87 wrote:I am going to get an American Express card by the end of the year, but I am kind of struggling with which one. Was thinking about BCE or possibly the ED. Do you think it would be beneficial for someone who won't travel a lot, if ever in the next few years, to get a card that offers rewards instead of cash back in the long run?

It's not just a matter of travel but spend and how well you can benefit from transferring points since transfers are generally the best way to get the most value from points. The reason I don't have MR cards is that MR doesn't transfer to anything useful to me whereas UR does. I live in a United hub city and 99% of my travel is with United. The remainder is probably with Southwest and both are UR transfer partners.

Generally speaking, cash back tends to be better suited to those with less spend while point and miles tend to favor more spend but you really should just run the numbers based on your spend to compare.



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