What is the BEST rewards card?

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TheGrizz
 
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Joined: Fri Aug 04, 2017 6:18 pm

What is the BEST rewards card?

Postby TheGrizz » Fri Aug 04, 2017 6:23 pm

I find myself jumping between different reward credit cards. Everytime I find one that sounds better or has a big bonus of miles/points for signing up, I get that one. I need to find just ONE card to keep and use so that all miles/points are adding up to one large lump sum and not being spread around on different cards. I have three cards now and would like some opinions on which one is really best for me. I currenty have these three:

Bank Of America Alaska Airlines Visa - I got this one because they had a "Buy 1 ticket and get 1 for just the taxes/fees with Alaska's Famous Companion Fare".

CitiCorp American Airlines MasterCard - It earns 1 mile per each dollar purchased and 2 miles per each American Airlines purchase.

Capitol One Venture - Earns two points for every one dollar purchase on EVERY purchase. I can also redeem the points from any purchase and from any airline.

The main reason I switched the the Capital One card was because of the double points, 2 points for every 1 dollar purchased. Now I am not so sure that it is all that good. It just seems it takes so many points to do anything. They convert at a rate of 1% (20,000 points = $200). Maybe they are all like that?

At least with American Airlines I could use points to upgrade to First Class. I don't mind paying full price for economy if I can then use points to upgrade to First Class. I don't think I can do this with the Capital One Ventures card.

Any suggestions? Right now I feel like I'm on a credit card version of musical chairs.

Thanks!


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CarefulBuilder14
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Location: United States

Re: What is the BEST rewards card?

Postby CarefulBuilder14 » Fri Aug 04, 2017 11:49 pm

If you like to fly first class, especially on long international flights, you're probably better off earning actual airline miles than you are with Venture. Most airlines offer a good cent-per-mile value on premium award seats and revenue seat upgrades.

Another option is to earn transferable points that you can convert to airline miles. Compared to an airline card, this usually means earning more miles but losing perks like free checked bags and bonus elite-qualifying miles. Amex has the MR program, Chase has UR, and Citi has TY. None of those convert directly to AAdvantage miles. but they can transfer to partner airlines.

Are there any other airlines you use? Hotel chains?
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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kcm7
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Joined: Wed Feb 19, 2014 10:05 pm
Location: TX

Re: What is the BEST rewards card?

Postby kcm7 » Tue Aug 08, 2017 9:34 am

If you feel like you're getting nowhere with Venture but like the ease of it, maybe go to a card with no annual fee that earns 1.5 percent cash back (like Chase Freedom Unlimited).

Also, completely agree with Careful Builder's advice to get a card that has flexible rewards points that you can redeem for travel/transfers/cash/real miles. You'll probably feel less "stuck" because you have options to maximize.
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

Stros05
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Re: What is the BEST rewards card?

Postby Stros05 » Wed Aug 09, 2017 3:08 pm

Which card is best for you depends on your spending habits. Do you fly for your job? Does an airline have a hub in your city? Where do you spend a lot of money each month? ...on groceries...on entertainment...on gas? Where do you bank? Bank of America is rumored to be launching a new travel card in September. If you bank with them, you may want to consider than card.



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