Long-Term Advice: Travel Cards

For just about anything you want to get off your chest about credit cards.
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samhradh
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Postby samhradh » Mon Mar 31, 2014 8:05 am

Vattené wrote:@samhradh - Do you suggest Visa or MC just because they are more widely accepted? Also, forgive me, but can you explain what MS is?


Yes.

MS = Manufacturing/Manufacted Spend (ie: credit card point "laundering")
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).


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Vattené
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Postby Vattené » Mon Mar 31, 2014 9:10 am

Thanks, I hadn't heard of that before. I would be hesitant to try it just out of fear of being flagged for suspicious activity, but I would be open to it.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

samhradh
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Postby samhradh » Mon Mar 31, 2014 12:24 pm

Vattené wrote:Thanks, I hadn't heard of that before. I would be hesitant to try it just out of fear of being flagged for suspicious activity, but I would be open to it.


I've toyed with the idea myself but decided I haven't the time nor the will to go through hoops to earn rewards I can rarely use. My work schedule is too full for me to be taking trips right now. There's definitely risk involved. If you decided to start, the premium travel cards are where it makes the most sense. Otherwise, I think you should focus on maximizing CB on every day spend (what I do).
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

Matthew12
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Postby Matthew12 » Mon Mar 31, 2014 1:44 pm

I very quickly figured out I did not spend enough so the miles were not actually worth it. I actually ended up costing myself money because I could have had more money returned if I opted for cash back. As most people here said, make sure that you do the homework, test it out for yourself and see what is best for you.

Troublemaker
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Postby Troublemaker » Fri Apr 25, 2014 11:41 pm

Vattené wrote:I got my first major credit card over a month ago with my priority being cash back. I'm in no hurry to get anything else (though don't think I've gone gardening or anything like that ;) ); however, I am starting to think about whether getting a travel card will be worth it in the long run.

My wife and I didn't take a honeymoon (neither of us could get off from work and we couldn't afford it anyway after paying for our wedding on our own), but since the wedding we've been putting aside some money each month to take a delayed one. We're planning on going to London over our third anniversary. Beyond this big trip, there are no major traveling plans (we may take some trips after we are more financially stable, but I doubt it would even be once per year).

Can I get some advice on whether I should even consider a card with travel benefits? It would basically just be to build up rewards for this one trip.

I understand points on travel cards are typically worth more than points on cash back cards, but I am thinking it won't be worth it. Most I've looked into have an annual fee, and I doubt it would be offset by any marginal increase in benefits I get over a cash back card. The Blue Sky from Amex looks the most appealing to me at the moment: there is no annual fee and the rewards appear straightforward.

I haven’t done extensive research into this because I’m not quite sure how to tackle it. There are just so many products with convoluted rewards programs that make it difficult to compare to each other. I’m just hoping to gather info, opinions, and advice to help me decide whether I should pursue this more seriously.

Thanks to anyone that wants to give some input!


If you are planning to get a credit card just for one trip then don't. But otherwise it is certainly worth more than cash back cards.

Get the SPG as it doesn't chain you to one airline/hotel.
DoubleCash '99:10k / Freedom '07:11k / CU '11:15k / Slate '14:13k / Premier '15:10k / InkPlus '15:5k



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