Our favorite cards vs. those of average people

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CarefulBuilder14
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Our favorite cards vs. those of average people

Postby CarefulBuilder14 » Tue Jul 28, 2015 11:58 pm

There are cards that credit geeks often have that regular people usually don't...Sallie Mae, for example.

Are there any very popular cards that average people have that we usually don't have and/or don't talk about? I've seen a lot of Jet Blue Amex cards, and that's not too popular on here.
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yfan
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Re: Our favorite cards vs. those of average people

Postby yfan » Wed Jul 29, 2015 12:01 am

I would say that the basic dividing line is that a lot of "regular" people don't care about rewards, or more specifically, rewards maximization. They pick one card, one rewards program, and stick to it.

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CarefulBuilder14
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Re: Our favorite cards vs. those of average people

Postby CarefulBuilder14 » Wed Jul 29, 2015 12:17 am

yfan wrote:I would say that the basic dividing line is that a lot of "regular" people don't care about rewards, or more specifically, rewards maximization. They pick one card, one rewards program, and stick to it.

Most of my friends have one main card and then maybe a few store cards. Lately I've seen quite a few strangers using CSP in non-bonus categories. They can't all be going for a signup bonus!

My relatives are getting more into the MR/UR game. One holdout still uses a Venture (or maybe Venture One?) for everything!
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notcool
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Re: Our favorite cards vs. those of average people

Postby notcool » Wed Jul 29, 2015 5:22 am

I see a lot of debit cards from the local banks that are never mentioned on here, credit cards too. I think a lot of people are paying with debit. Ive discussed credit cards with a few family members, but for them, a card is merely a way to pay for items. They aren't interested in maximizing rewards (or maybe even getting rewards), repeatedly seeking CLIs or other things we discuss on these boards. We all have our interests I guess.

yfan
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Re: Our favorite cards vs. those of average people

Postby yfan » Wed Jul 29, 2015 1:31 pm

notcool wrote:I see a lot of debit cards from the local banks that are never mentioned on here, credit cards too. I think a lot of people are paying with debit. Ive discussed credit cards with a few family members, but for them, a card is merely a way to pay for items. They aren't interested in maximizing rewards (or maybe even getting rewards), repeatedly seeking CLIs or other things we discuss on these boards. We all have our interests I guess.

This is a good point. Lots of "regular" people use debit because they don't want to get in debt. Now, we all know that the best use of credit cards is to earn rewards WITHOUT getting into debt (i.e. PIF), but people have their reasons for not using credit: they think they'll spend too much if they don't have to think about their balance in the bank, or take too long to pay off if they have the option, despite the interest charges.

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Re: Our favorite cards vs. those of average people

Postby Vermonster » Wed Jul 29, 2015 8:28 pm

I see a lot of credit cards offered by local banks. Loads of BoA cash rewards, and some TD, Wells Fargo, ect. I think people go for what is shoved in their face the most, which tends to be bank cards.
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ingramjuan
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Re: Our favorite cards vs. those of average people

Postby ingramjuan » Wed Jul 29, 2015 11:35 pm

Vermonster wrote:I see a lot of credit cards offered by local banks. Loads of BoA cash rewards, and some TD, Wells Fargo, ect. I think people go for what is shoved in their face the most, which tends to be bank cards.


defiantly agree with this in my line of work. I see a lot of bank and debit cards. I figure a lot of people are not interested in getting rewards as it require a a lot of work to manage.
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takeshi
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Re: Our favorite cards vs. those of average people

Postby takeshi » Thu Jul 30, 2015 8:52 am

CarefulBuilder14 wrote:Most of my friends have one main card and then maybe a few store cards. Lately I've seen quite a few strangers using CSP in non-bonus categories. They can't all be going for a signup bonus!

The CSP is my default for non-category spend. Depending on redemption one can beat a 2% cash back card. That said, I doubt average people are really obsessed over doing so. They're probably just using the CSP for simplicity. My in-laws seem to use the Freedom for everything including non-category spend.

oldsoldier
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Re: Our favorite cards vs. those of average people

Postby oldsoldier » Thu Jul 30, 2015 10:28 am

It's sad to say I don't know anyone that has any interest in getting mutiple credit cards. Most of the people I know have one card and use there debit card for all transactions. They think a credit card is for emergencies only (old school thinking). I try to inform but most tell me they don't have the dicipline to PIF. I know people that would make lots of cash back with the right cards but they refuse to give up the old ways.
Last edited by oldsoldier on Thu Jul 30, 2015 3:44 pm, edited 1 time in total.
BoA Cash Rewards $13,000
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Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

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Re: Our favorite cards vs. those of average people

Postby JonE » Thu Jul 30, 2015 12:32 pm

I see a lot of Chase (Freedom, mostly) and BOA, also a few Chase Southwest Rapid Rewards (Southwest is very popular around these parts). For most people one is enough. I think 2-3 should be more than enough. I shake my head at the 'collectors' on some forums.
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